top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

Rebuild Credit W/O a credit card

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #1

    Rebuild Credit W/O a credit card

    I'm just curious if anyone has rebuilt their credit after bankruptcy without a credit card?

    DH will be filing in about 1 month. We will be reaffirming our car and truck and of course our students loans that can't be discharged. We are living in a lease to own house right now. I'm really not wanting to get any credit cards at all after this process so has anyone ever rebuit their credit without a credit card. Is it even possible?
    Retained my attorney 09.27.08
    Filing Ch. 7 02.23.09
    341 Meeting 03.25.09 :unsure
    Discharge 05.27.09
    Tags: None
    #2
    Your credit rating is based on your credit history. No credit history = No credit rating. In order to obtain good rate loans in the future, one must do some rebuilding after BK.
    Bankruptcy History:
    Chapter 7 filed - 10/12/2005 - Asset
    Discharged - 02/16/2006
    Case Closed - 11/08/2007

    A banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain ~ Mark Twain

    All suggestions are based on personal experience and research and SHOULD NOT be construed as legal advice as I am NOT an attorney. Always consult with competent counsel in your area with regards to your particular situation.

    Comment

      #3
      Since you're reaffirming your auto loans, those tradelines will still be reported to the credit agencies and will help boost your score with each timely pymt.

      Comment

        #4
        Yes, your autos will help and if you have a house or are planning on getting one, this will help also.
        Golden Jubilee was a year-long celebration held every 50 years in which all bondmen were freed, mortgaged lands were restored to the original owners, and land was left fallow: Lev. 25:8-17

        Comment

          #5
          Originally posted by endisnear View Post
          Since you're reaffirming your auto loans, those tradelines will still be reported to the credit agencies and will help boost your score with each timely pymt.
          Unfortunately this isn't always the case. Just because you reaffirm does not mean the company will report that you are paying on your loan. Just be aware of this.
          11/14/07 -filed C7 12/04/07 -case pulled for random audit.12/18/07 -341 held: Asset case due to engagement ring & tax return.02/19/08 - US trustee files motion to extend. 04/02/08- changed back to NO ASSET! I get my ring back and get to keep my tax return! :clapping: 04/28/08 -DISCHARGED!!! :yahoo::yahoo: 05/07/08 - CLOSED!!!

          Comment

            #6
            Originally posted by DivorceRuinedMe View Post
            Unfortunately this isn't always the case. Just because you reaffirm does not mean the company will report that you are paying on your loan. Just be aware of this.
            True, I have read where some posters have stated that they've contacted that lender and had them agree to still report to the credit bureaus.

            Comment

            Previous template Next

            bottom Ad Widget

            Collapse
            Working...
            X