just filed 3 weeks ago have a ?

[nj593]

hey all brand new to the forum, so let me start with hello.
I have filed with my wife about 3 weeks ago chapter 7. Needless to say it was quicker to be told im broke then getting there.
Anyway my ? is does anyone know how long i have to wait till i start getting credit card offers, and when can i start trying to apply for credit so i can reestablish good credit. I heard in the past 7 years , But now my attorney says that i shouldnt have to wait more than 4 months. Well hope to hear from all of you with more exp than I.
Thankyou
Rcrespo

[HRx]

It can vary..........within a few months you'll probably recieve offers for unsecured credit cards. All of which you'll more than likely not be approved for! You may also begin recieving offers for different secured credit cards too. Be wary of these offers! Many of them require you to send them a check for like $350 first, and to make matters worse you still need to be "approved" for the secured card! check out the following link for good information regarding secured credit cards http://www.cardoffers.com/unique_pro...tegory=Secured
Just do your homework on the reputation of banks that offer secured credit cards beforehand! A google search will yield tons of good information regarding this.

Good Luck!

[fellowpoorman]

Funny thig happened to me , 2 days before my 341 I got an offer from orchard, so who knows, it was unsecured but they did not put a $$ amount in the offer, by the way the 341 was easy and definitely not worth all the stress i was feeling, good luck

[fellowpoorman]

by the way I will NOT be accepting the offer, done with that!

[bubbly]

Poorman,

Just out of curiousity why do you even WANT another credit card?! Isn't that how most of us got in this horrrible mess to begin with?

I know I have no intention of ever touching one of the damn things again if I can help it!

I will save, save, save until I can afford what I need and if I can't afford it I'll do without.

I know people say you GOTTA have a credit card in order to do certain stuff, but really that's not entirely true. Rather than thinking "how will I ever rent a car again?", maybe think about saving enough cash to buy a car that you can trust to go on a long trip. Use paypal for internet purchases. Use a bank card for "credit" purchases around town or on trips; it is deducted from your checking account but doesn't charge you a fee if you use it as "credit" rather than "debit".

Start saving a "nest egg" for emergencies. If the furnace goes you can either pay cash for it or possibly the vendor will be willing to take payments if you can give him 1/2 down in cash or you can beg, borrow or steal the remaining cash from friends, relatives, your boss. etc.

I tell ya, it's not worth it to get back into the same "trap". I am sooooo happy to be shut of those money grubbing, shifty, rate-changing, cut you no breaks, credit card companies I can't even begin to express it.

I take EXTREME pleasure in paying COLD HARD CASH for everything. Plus, when you pay cash the whole mother lovin' world doesn't have a record of every dang thing you've purchased. Not the credit card companies, not the trustee, not the government ~ nobody needs to know if you purchased slinky undies at Victoria's Secret or cotton briefs at Walmart; if you bought a book about Tantric Sex, or one about starting a hippie commune; no one needs to know if you ate out at Applebees... or at the dining room in the Ritz Carlton. The freedom is EXHILARATING !

Think twice before you jump back on the credit merry-go-round !

{edited for typos !}

[bubbly]

Oops ! My bad ~ I posted too quick....

Before I saw your very intelligent comment that you would be responding NO to that credit card offer

mea culpa ! LOL

[Jenny]

Just a note about debit cards. They don't have any fraud protection. If the card or number is stolen, it can be very difficult, and in some cases impossible, to get the money stolen from your account back. And if you dispute a purchase made with a debit card, the bank can, and usually does, cancel the card and will not issue a new one. I'm not advocating getting credit cards with huge credit lines, but there are times when it's better to use one than to use a debt card.

I've read others mention things like this before, but your credit rating is used for things like insurance premiums. It won't hurt to have just one card with a very low limit that you only use a few times a year. It could even help. Any time the issuer raises your limit, you can just call them and tell them to lower it.

[fellowpoorman]

Glad you caught that Bubbly, No more cards ever!!!

[brokentex]

Just a note about debit cards. They don't have any fraud protection. If the card or number is stolen, it can be very difficult, and in some cases impossible, to get the money stolen from your account back. And if you dispute a purchase made with a debit card, the bank can, and usually does, cancel the card and will not issue a new one. I'm not advocating getting credit cards with huge credit lines, but there are times when it's better to use one than to use a debt card.

I've read others mention things like this before, but your credit rating is used for things like insurance premiums. It won't hurt to have just one card with a very low limit that you only use a few times a year. It could even help. Any time the issuer raises your limit, you can just call them and tell them to lower it.

Not sure where you bank at but this is straight off of my bank's website


Zero Liability
It's safer to use your Visa check card than cash or checks. Visa's Zero Liability policy is maximum protection for you. So if your card is ever lost or stolen, you'll pay nothing for any fraudulent purchases. Simply report the incident to your financial institution.

[StaciMM]

FYI-reestablishing credit does not have to be about using the accounts. Having accounts in good standing improves credit scores, which leads to a better mortgage rate. That can save $$$ big time in the long run!

[FoolAndHisMoney]

FYI-reestablishing credit does not have to be about using the accounts. Having accounts in good standing improves credit scores, which leads to a better mortgage rate. That can save $$$ big time in the long run!

Staci, Staci, Staci, I thought you might have figured fellowpoorman is playing us or at least trying. He's bumping up 2 year old posts.

Fellow, too much time on your hands. Very funny though.

[StaciMM]

I noticed that-I just don't want people to think they're bad for trying to re-establish credit!

[fellowpoorman]

FOOL AND HIS MONEY: I just had my 341 today as a matter of fact, 9 am to be honest, I am not bumping up 2 yr old stuff this really happened. Sorry if you don't believe me, I think you have too much time on your hands, we are all in this, I am just trying to give answers as I have experienced them in the hope that they can help others and ease the anxiety that we have all experienced.

[fellowpoorman]

PS And also I DO NOT think trying to reestablish credit is a bad idea at all, Its just I am not ready for it yet. Glad to be in the 60 day club. Bless us all.

[FoolAndHisMoney]

FOOL AND HIS MONEY: I just had my 341 today as a matter of fact, 9 am to be honest, I am not bumping up 2 yr old stuff this really happened. Sorry if you don't believe me, I think you have too much time on your hands, we are all in this, I am just trying to give answers as I have experienced them in the hope that they can help others and ease the anxiety that we have all experienced.

Then why are you giving advice on the other thread to a poster that had a question from September 2004? I'd like to think that he or she got the correct answer by now.