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Capital One $5000.00 unsecured!!

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    Capital One $5000.00 unsecured!!

    Wow, I was not expecting this at all. We filed for bankruptcy last year and it was closed in Jan. of this year. I have been getting countless credit card offers and throwing them away because I thought my chances were nil.

    So one day Capital One calls and I decide what the heck let's try it. Well a week later and today I get a card in the mail. Call to activate it. $5000.00 credit limit, unsecured, 0% interest on all puchases until Dec. of this year.

    I was so not expecting that!

    A little about our credit history. Perfect credit for years and years. Without going into too much detail we had a death in our family and the hospital bills took us over. Even after insurance we were swamped. We filled bankruptcy and it wiped out the medical bills and credit card debt.

    I guess all those years of perfect credit do count for something. I was afraid that the bankruptcy would erase all of our good years but apparently they can see them on the credit report and decided we are not a huge threat as far as debt goes.

    I only got it to rebuild our credit and do not plan on using it unless I can pay off the entire amount each month. I guess now my husband needs to get one in his name as well. Maybe from a different credit card company?

    #2
    Well, congratulations! Yes, some have a quicker & easier recovery from the bk stumble and you guys seem to be in that pack. Happy for you - good luck!

    Comment


      #3
      Thats great about the card! And sorry for your loss behind all the financial mess. Yes, your years of credit history played a BIG part in you getting a decent credit limit so soon after filing. Now you can add your husband as an authorized user on that card, and it will appear on his credit reports as well. Everybody wins!

      Comment


        #4
        Originally posted by ducksinarow
        Wow, I was not expecting this at all. We filed for bankruptcy last year and it was closed in Jan. of this year. I have been getting countless credit card offers and throwing them away because I thought my chances were nil.

        So one day Capital One calls and I decide what the heck let's try it. Well a week later and today I get a card in the mail. Call to activate it. $5000.00 credit limit, unsecured, 0% interest on all puchases until Dec. of this year.

        I was so not expecting that!

        A little about our credit history. Perfect credit for years and years. Without going into too much detail we had a death in our family and the hospital bills took us over. Even after insurance we were swamped. We filled bankruptcy and it wiped out the medical bills and credit card debt.

        I guess all those years of perfect credit do count for something. I was afraid that the bankruptcy would erase all of our good years but apparently they can see them on the credit report and decided we are not a huge threat as far as debt goes.

        I only got it to rebuild our credit and do not plan on using it unless I can pay off the entire amount each month. I guess now my husband needs to get one in his name as well. Maybe from a different credit card company?
        What is your score if you don't mind me asking...
        My credit scores:
        Before Filing: Tr 496, Ex 496, Eq 507

        Today: Tr 618 (+122), Ex 601 (+105), Eq 623 (+116)

        Comment


          #5
          Congrats and spend wisely!
          *** THIS IS NOT LEGAL ADVICE--ONLY A LAWYER CAN PROVIDE THAT. ***

          My posts represent hours of research on and off the web, these forums, my experience, and my opinions.

          Comment


            #6
            Congratulations Great job!!!!!

            If you don't mind me asking ? Have you ever had capital one before ?
            DISCHARGED Case CLOSED = 01/03/2006
            Credit Cards
            Washingon Mutual 3000.00
            HSBC 1600.00

            Comment


              #7
              Thank you for your condolences.

              No, we've never had a Capital One before.

              I have no idea what my credit score is right now.

              I will be sure and add my husband. I did not know about that authorized thing helping his credit as well.

              Congrats and spend wisely!
              I absolutely will and thanks!

              Comment


                #8
                Congrats! This is just great!
                BUSY running my own credit repair services! Sorry I don't stop in so often any more!

                Comment

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