Apply for new credit BEFORE or AFTER discharge for fastest rebuild of credit?

ilovemycaitybug

Senior Member

Bankruptcy Newbie

Joined: Jul 2006

Posts: 234
#1

Apply for new credit BEFORE or AFTER discharge for fastest rebuild of credit?

05-14-2007, 05:21 PM

I want to rebuild our credit as FAST as possible! Can I start now??? My timeline is in my siggy below... would it be against the rules or potentially damage my case to apply for new credit now? I just want to do this the smart and fast way. We are really wanting to get a new house within 2 years so we need to get going! Anyone know anything about this? Or any suggestions?

Thanks!

3/27/07: Chapter 7 Filed - Pre-filing true FICO (hers/his) 450/477
5/10/07: 341 Meeting DONE! Trustee's Report of No Distribution Filed
7/04/07: FICOs going up! Credit report cleanup (hers/his) 540/536
7/10/07: DISCHARGED! 8/27/07: CLOSED!
Tags: None
CindyLou

Senior Member

Bankruptcy Mentor

Joined: Oct 2005

Posts: 2303

State: California
#2

05-14-2007, 05:38 PM

I did get started with Orchard prior to my discharge, though techinically you aren't supposed to.. not sure who would really know the difference

Chapter 7 Pro Se....Discharged Feb. 2006
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