Got an application from First Premier Bank

[JackBondLove]

I'm not even past my Chapter 7 discharge date, and I've already received an application from First Premier. However, the terms seem quite harsh - for only a $525 limit, the annual fee is $175! I've always been used to having credit cards with no annual fee, and figured that I would have to start paying them, but this seems like a rip-off.

[Mi Bankruptcy]

yes it is a rip off. I laughed when I received that offer. Wait a year and then apply for a unsecured one.

[Amy26]

Yes, do not go with First Premier... total waste of money. You don't need to wait a year to apply for credit but definately make sure you get your reports as cleaned up as possible before you start making attempts. Depending on the state of your credit before you filed and what it comes out to be afterward, you can possibly start applying a few months after your discharge. I got my first card (with no annual fee and a decent limit) about 2 months after discharge.

[JackBondLove]

At 5 months before filing Chapter 7, I had an immaculate file (a lot of creditor agents were calling me saying that it is hard to believe that I could go from perfection to default just like that.) Then once I decided to file, I completely stopped paying any debt.

[freedom7]

skip those offers and one monthafter discharge, apply with someone u have not bk'ed, it will work well this way and u will avoid the lousy offers.

[tiiger]

I received that same offer today...needless to say, its filed in the trash! :-) I want to try orchard. Do u know which credit bureau they check or what the minimun credit rating is?

[freeatlast98]

Today I received an offer from "Orchard" saying it was to help rebuild my credit. Funny I haven't even filed yet. Do they base their invitation on credit reports?