I am in shock. We were officially discharged and closed first of this week. Because so many recommended checking your credit report after that happens, last night I checked. All our cc were closed, and included in our BK, good. Everything appears normal, well like it should after BK. Even our 2nd mortgage appears to be reporting timely payments while we were in BK and before discharge, good news. Our 1st mortgage isn't showing discharged, I will call them today, not too worried though. It right now appears as a good standing secured credit. Shows timely payments since 2003. Good.
I noticed we still have 2 open accts, one was a Goody's card, which we never used and ofcourse they went out of business so that card is a waste and we didn't file on it, actually forgot we even had it. Then I noticed we had a Kohls card. It too wasn't used, well long time ago, but forgot about it also. I just assumed it was gone, never activated the last cc that came (2006). Anyway, I dig into a drawer where we have some important papers and found the cc, still in the original envelope, never even opened. I decided to give it a shot and try activating it. Guess what! It is now active. Low credit limit ($500), which is good. Can't overcharge. No Kohls close, we have to drive 35 miles to get to one. Don't intend to use it often, maybe every couple months to buy my boys clothes, that's it. We can pay it off each month as everyone recommends. I said no cc for us. I am only intending to use this cc to reestablish credit. I have learned my lesson.
I am thrilled to see our 2nd mortgage is reporting good payment history, that's a big help. I know I said no more credit, but now that we are thru this BK, I realize someday we might need credit. Our high mileage cars won't last forever, and if we need to replace them someday, it might be nice to be able to get a decent interest rate.
I called our attorney this morning to ask why 1st isn't showing as discharged and she said I could give them a call and tell them to check pacer, I think I will later today. I want online access again, so hopefully that will happen.
I thought those who are either close to discharge or might be thinking about BK would appreciate a good news story. I feel very blessed right now, and am feeling like this BK was meant for us. When I looked at our credit reports, I saw our debt shows as nothing, well other then 1st mortgage, but even with that, we look good now, it's unbelieveable. I didn't check our credit score, I am scared, and frankly I think I will just give that time to improve. Too soon right now for that.
I noticed we still have 2 open accts, one was a Goody's card, which we never used and ofcourse they went out of business so that card is a waste and we didn't file on it, actually forgot we even had it. Then I noticed we had a Kohls card. It too wasn't used, well long time ago, but forgot about it also. I just assumed it was gone, never activated the last cc that came (2006). Anyway, I dig into a drawer where we have some important papers and found the cc, still in the original envelope, never even opened. I decided to give it a shot and try activating it. Guess what! It is now active. Low credit limit ($500), which is good. Can't overcharge. No Kohls close, we have to drive 35 miles to get to one. Don't intend to use it often, maybe every couple months to buy my boys clothes, that's it. We can pay it off each month as everyone recommends. I said no cc for us. I am only intending to use this cc to reestablish credit. I have learned my lesson.
I am thrilled to see our 2nd mortgage is reporting good payment history, that's a big help. I know I said no more credit, but now that we are thru this BK, I realize someday we might need credit. Our high mileage cars won't last forever, and if we need to replace them someday, it might be nice to be able to get a decent interest rate.
I called our attorney this morning to ask why 1st isn't showing as discharged and she said I could give them a call and tell them to check pacer, I think I will later today. I want online access again, so hopefully that will happen.
I thought those who are either close to discharge or might be thinking about BK would appreciate a good news story. I feel very blessed right now, and am feeling like this BK was meant for us. When I looked at our credit reports, I saw our debt shows as nothing, well other then 1st mortgage, but even with that, we look good now, it's unbelieveable. I didn't check our credit score, I am scared, and frankly I think I will just give that time to improve. Too soon right now for that.
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