Comments on: What Can You Expect After a Bankruptcy? The Time Line http://www.creditinfocenter.com/wordpress/2009/01/09/what-can-you-expect-after-a-bankruptcy-the-time-line/ For the Up To Date News Tue, 07 Feb 2012 22:26:40 +0000 hourly 1 http://wordpress.org/?v= By: Laddi http://www.creditinfocenter.com/wordpress/2009/01/09/what-can-you-expect-after-a-bankruptcy-the-time-line/comment-page-1/#comment-11365 Laddi Wed, 14 Dec 2011 09:19:39 +0000 http://www.creditinfocenter.com/wordpress/2009/01/09/what-can-you-expect-after-a-bankruptcy-the-time-line/#comment-11365 Well not true. After a year I got hsbc credit card for $2750 unsecured. I got capital one for $1500. I got Apple Barclay for $3000 and many more! Well not true. After a year I got hsbc credit card for $2750 unsecured. I got capital one for $1500. I got Apple Barclay for $3000 and many more!

]]> By: Mark http://www.creditinfocenter.com/wordpress/2009/01/09/what-can-you-expect-after-a-bankruptcy-the-time-line/comment-page-1/#comment-9769 Mark Sat, 21 May 2011 02:39:03 +0000 http://www.creditinfocenter.com/wordpress/2009/01/09/what-can-you-expect-after-a-bankruptcy-the-time-line/#comment-9769 I just wanted to put my two cents in here - I filed BK in 11/05 and was discharged in 3/06. Over five years later, with a 750+ FICO across all three agencies, I was declined for a Delta SkyMiles AmEx. When I filed BK, I was making $38,000 a year and was drowning in debt; 5.5 years later and I'm making $103,000 a year and have an overall debt-to-income ratio of 18% (including a mortgage payment and car payment, both rather modest). I learned from my mistake and worked very hard not only on my career, but making wise choices financially and I'm still not able to meet the AmEx requirements. Long story short- if you file BK, be prepared that things won't be all that bad, but you will constantly be reminded that you are not in the top tier of creditworthiness, even when your financial situation alludes otherwise. Good luck. I just wanted to put my two cents in here – I filed BK in 11/05 and was discharged in 3/06. Over five years later, with a 750+ FICO across all three agencies, I was declined for a Delta SkyMiles AmEx. When I filed BK, I was making $38,000 a year and was drowning in debt; 5.5 years later and I’m making $103,000 a year and have an overall debt-to-income ratio of 18% (including a mortgage payment and car payment, both rather modest). I learned from my mistake and worked very hard not only on my career, but making wise choices financially and I’m still not able to meet the AmEx requirements.

Long story short- if you file BK, be prepared that things won’t be all that bad, but you will constantly be reminded that you are not in the top tier of creditworthiness, even when your financial situation alludes otherwise. Good luck.

]]> By: Josh http://www.creditinfocenter.com/wordpress/2009/01/09/what-can-you-expect-after-a-bankruptcy-the-time-line/comment-page-1/#comment-8825 Josh Fri, 08 Apr 2011 01:45:05 +0000 http://www.creditinfocenter.com/wordpress/2009/01/09/what-can-you-expect-after-a-bankruptcy-the-time-line/#comment-8825 Everyone listen to me please, I filed bankruptcy in Jan 2010, it's now March 2011, my case was discharged back in August 2010, so really it's been like 7 or 8 months, within those eight months I contacted chase they gave me a 1k credit card zero percent interest, I explained to the underwriter the situation that only reason i filed was due to being unemployed. I then contacted USAA they gave me a Rewards Mastercard for 4k, and an American Express card for 1k and another mastercard for 450 dollars. My credit scores are 701 680 and 668, I was just approved by a lender to purchase a home at 4.75% and they refinanced my car at 4.8%. Now how did I do this? easy contact the credit departments and speak with an actual analyst who makes the decisions on whether you get approved or not. it's all about sweet talking and seriously if you bother them enough they will finally give in. So that bs about it taking years to rebuild totally not true. My credit scores are the highest they have ever been with one being in the 700's totally awesome, making all payments on time and my lenders are happy and after six months i'm eligible for limit increases. Oh and I also got 2k card with JC Penney, and 500 with walmart, and 1k with Macy's and 3k with Nordstroms, 2.5k with Target and 4.5k with Meijers so you can totally do this!!! Happy hunting to ya'll and the key is persistency if you are persistently calling these companies they will probably get sick of you calling like they did me and give you a card. I just kept speaking with one analyst after another till you find one that is sympathetic. :) no more bk for me! scores that high, now I just have to wait the 7 years more to have it fall off in 2016 :) Everyone listen to me please, I filed bankruptcy in Jan 2010, it’s now March 2011, my case was discharged back in August 2010, so really it’s been like 7 or 8 months, within those eight months I contacted chase they gave me a 1k credit card zero percent interest, I explained to the underwriter the situation that only reason i filed was due to being unemployed. I then contacted USAA they gave me a Rewards Mastercard for 4k, and an American Express card for 1k and another mastercard for 450 dollars. My credit scores are 701 680 and 668, I was just approved by a lender to purchase a home at 4.75% and they refinanced my car at 4.8%. Now how did I do this? easy contact the credit departments and speak with an actual analyst who makes the decisions on whether you get approved or not. it’s all about sweet talking and seriously if you bother them enough they will finally give in. So that bs about it taking years to rebuild totally not true. My credit scores are the highest they have ever been with one being in the 700′s totally awesome, making all payments on time and my lenders are happy and after six months i’m eligible for limit increases. Oh and I also got 2k card with JC Penney, and 500 with walmart, and 1k with Macy’s and 3k with Nordstroms, 2.5k with Target and 4.5k with Meijers so you can totally do this!!! Happy hunting to ya’ll and the key is persistency if you are persistently calling these companies they will probably get sick of you calling like they did me and give you a card. I just kept speaking with one analyst after another till you find one that is sympathetic. :) no more bk for me! scores that high, now I just have to wait the 7 years more to have it fall off in 2016 :)

]]> By: Jim http://www.creditinfocenter.com/wordpress/2009/01/09/what-can-you-expect-after-a-bankruptcy-the-time-line/comment-page-1/#comment-8639 Jim Fri, 01 Apr 2011 16:01:02 +0000 http://www.creditinfocenter.com/wordpress/2009/01/09/what-can-you-expect-after-a-bankruptcy-the-time-line/#comment-8639 If you filed a Chapter 7, contact Lexington Law. That is all I will say. The finance manager at my Infiniti dealer recommended them after I did a Chapter 7. I have been amazed at what they've done to improve my reports and scores in just 10 months. Amazing. If you filed a Chapter 7, contact Lexington Law. That is all I will say. The finance manager at my Infiniti dealer recommended them after I did a Chapter 7. I have been amazed at what they’ve done to improve my reports and scores in just 10 months. Amazing.

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