Capital One

[STU33828]

My husband and I recently were discharged 01/21/2011 from Chapter 7. We applied with capital one but were turned down. The turn down letter we got today says *Co Applicant (That's me) There are too many delinquent past or present credit obligations*. I checked our reports and they all show discharged, but our 2nd mortgage shows as open and behind and it was included in the bkt. How is that since the overall report shows as bkt chpt 7 discharged? Do you think it would work if I applied in just his name since it only mentioned co app on the denial letter?

Thanks.

[Kuya]

It may work if just your husband applies . . .but in the mean time it won't hurt you to get a print out of all 3 of your credit reports from the different bureaus. I am ending my 13 (just waiting for judge to sign that paper finally) . . . and in just one month I have been able to raise my credit score about 70 points by cleaning it up.

I read somewhere (maybe on this site even) that your creditors can not show a "bal due amount" if they are in the Bk. They can also not show as delinquent or past due. Some of my creditors were still showing that. One was even showing as "in collections".

I filed disputes on many things . . . on all 3 credit reports and I was SHOCKED at how easy it was to do and how fast it was to clean up my Credit reports.

My credit jumped from about 599 to 670 . . right now I am between 651 and 672 depending on which of the big 3 get pulled.

As others have said . . . it pays to keep on top of your credit. I plan on applying at Cap One as soon as the judge signs the discharge . . And the credit bureaus show the bk as closed.

I am hoping . . . and praying that with a 60k salary, A 12 month credit building loan (secured loan made through my credit union) and over 650 credit score that I can pull 11% or lower on a loan. Anything above 11% just pushes the payments into a "scary" zone.

Good luck . . .and make sure your creditors are not saying things, that they should not be saying!