Howdy Howdy :-)
I followed shipo's overall advice on reestablishing credit and went with the following after my Ch 13 discharge:
I followed shipo's overall advice on reestablishing credit and went with the following after my Ch 13 discharge:
- NFCU secured card w/$5k limit
- Ally cash back w/$1.3k limit (started at 1k and received an unexpected CLI of $300 6 months later)
- Cap1 (regular) with a $300 limit (this was the first card I applied for after discharge)
- 36 month secure share loan
- 7 years from filing would be June 2024 where I assume all of the prior negative marks would all be gone and the BK will clear off Experian and Equifax shortly before June
- I can afford to open up another high dollar secure card to help show responsible use with "large credit lines" but not sure if this is the way to go, nor if $5k is considered "large credit lines"
- I don't have any specific need to obtain a new credit product other than the eventual (1-2 years from now) purchase of a "new" car
- Would it make more sense to wait until May/June when everything negative should be gone/can be disputed to be removed to see how things shake up?
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