What now?

[Ekop785]

FICO has gone up 50 points since my discharge over a month ago (CH 7), but is still only 540. As a renter, I need to rebuild asap so that I can move if it gets too expensive here.

I heard that offers start coming in after discharge, but that has not happened for me, probably because I am lower income.

I have opened a secure CC with Open Sky, but got denied for qualification for a secured card (it was a soft pull, I think it was Credit One or Indigo, I can't remember).

I don't like the idea of credit builder loans because mandatory payments are stretched out over 24 months (seems like a long time).

Should I just sit tight for now?

[justbroke]

I would sit tight until you are at 6 months post discharge (181+ days).

[joshuagraham]

Have you been paying rent, or building up debt from the COVID rental moratorium? You would have to wait another 8 years to file for Chapter 7 to remove that moratorium debt.

[Ekop785]

No, I have never been late on rent. But I am lower income, so my only hope as a renter is to re-establish my credit. Some folks can get a place because of their higher incomes, even if they have bad credit. But bad credit + low income = potential homelessness.

I would like to at least get it to 650.