Originally posted by Bandit
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Wait till after your discharge to apply for any new credit. I Bk'd with Cap One on 1 Visa for over $18K. After my discharge I was approved for a Cap One Visa for $6000.00 -
Originally posted by lostinmich View PostI got my cap one 2 months after discharge. I think you'd be better off to go that route so you know they wouldn't cancel it. Just my opinion.
lostinmich and tradewiz50, Thank you both so much for sharing the experience & the hope. I don't know why I toss this stuff around in head. It can get so sillyOriginally posted by tradewiz50 View Post. I am in agreement & I will wait. Glad that it worked out for both of you.
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About 5 months before filing chapter 7 I got an Orchard Bank Card with $500 limit and a $39 fee. I used it for gas purchases and always paid it in full every month. It had zero balance when I filed so I didn't include it in the creditor matrix. Well, Orchard canceled my credit card exactly 3 days after I filed, even though it had zero balance and wasn't included in the BK.
If I were you I would wait until after discharge to apply for any credit card.BK 7 filed and discharged in 2004 after 30+ years of perfect credit. Life HAPPENS.Comment
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Wait until after discharge!BUSY running my own credit repair services! Sorry I don't stop in so often any more!Comment
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Ditto!Originally posted by tinroofrusted View Post
We had several zero balance accts going into BK. Only 1 survived. And at that, they reduced our credit limit by half.Filed Ch 7 - 09/06
Discharged - 12/2006
Officially Declared No Asset - 03/2007
Closed - 04/2007
I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.
Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...Comment
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Capital One was the only creditor that let me "keep" a credit card after I was discharged from Chap. 7. I had the card for about a year before the bk with a $500 limit. About two months ago (about 15mos from discharge) they raised my limit to $3000 without me even asking. I just applied for another CapOne card and got approved. A mortgage broker told me that several of the investor banks we inquisitive on why I didn't have more than 3 lines of credit.Filed: October 13th, 2005
341: April 11th, 2006 (Took 6 mos.)
Discharged: May 31st, 2006
Closed: May 31st, 2006
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I had a grand total of one credit card with a zero balance going into BK four years ago. A Chase MasterCard with a $13,500 limit. I did not include them in the case and they never blinked an eye. Of course they have never reduced my interest rate below 23% nor have they increased my limit. But neither is a problem since I pay them off every month and never carry a balance.
Since then I have been approved for a Cap1 MC for $1,000, a US Airways MC for $6,800, a WaMu MC for $2,500. So I am pretty happy. Debt free for the last four years and putting money in the bank.
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