A good reason for a new CC, and which one?
Hi All,
I've been away from the forums for several months now. Just been laying low and getting that fresh start. We've re-located, got new jobs, and just recently sent the trustee the tax return & refund as required and are awaiting closing after almost a year. (Filed October '08)
I know this has been discussed thousands of times on the boards, but since I haven't been on for a while thought I'd see whats new, and share a reason to get a new CC after BK.
I have been subscribed for several years to equifax to monitor credit scores & credit reports. On my blog (Which also hasn't been updated in months!) I showed the history of our credit scores through the BK filing & Discharge.
Our goal is to be able to buy a home again (We surrendered our in the BK) in 2-3 years. For that you need good credit scores right? Well, my wifes scores which had climbed back up to 675 in the past mones just dropped down to 652. We assumed since the home foreclosure was now showing as a public record as a suit/judgement that was the drop. But when I checked it, the reason was for not enough revolving credit!
We had been waiting to apply for any cards to avoid the inquiries on the report. (Too many inquireies in a 2 year period also drops your score) I still show 6-7 inquires that are going to drop off in the next month or two from when I was trying to save the business prior to the BK filing. I was hoping when they dropped off my score would also rebound some more. (Currently 648)
So after reading all that... the question is what are currently the more BK friendly cards to get? I'd prefer a store type card, as opposed to Major CC... But need ones that report to the agencies.
Any additional tips in the last several months since the number of BK filings have gone up in regards to BK friendly credit issuers?
Thanks in advance.
I've been away from the forums for several months now. Just been laying low and getting that fresh start. We've re-located, got new jobs, and just recently sent the trustee the tax return & refund as required and are awaiting closing after almost a year. (Filed October '08)
I know this has been discussed thousands of times on the boards, but since I haven't been on for a while thought I'd see whats new, and share a reason to get a new CC after BK.
I have been subscribed for several years to equifax to monitor credit scores & credit reports. On my blog (Which also hasn't been updated in months!) I showed the history of our credit scores through the BK filing & Discharge.
Our goal is to be able to buy a home again (We surrendered our in the BK) in 2-3 years. For that you need good credit scores right? Well, my wifes scores which had climbed back up to 675 in the past mones just dropped down to 652. We assumed since the home foreclosure was now showing as a public record as a suit/judgement that was the drop. But when I checked it, the reason was for not enough revolving credit!
We had been waiting to apply for any cards to avoid the inquiries on the report. (Too many inquireies in a 2 year period also drops your score) I still show 6-7 inquires that are going to drop off in the next month or two from when I was trying to save the business prior to the BK filing. I was hoping when they dropped off my score would also rebound some more. (Currently 648)
So after reading all that... the question is what are currently the more BK friendly cards to get? I'd prefer a store type card, as opposed to Major CC... But need ones that report to the agencies.
Any additional tips in the last several months since the number of BK filings have gone up in regards to BK friendly credit issuers?
Thanks in advance.
- Still awaiting Closed Status 
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