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What Credit CC's After BK? *Updated 5/27/04*


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Clarifications: Listings based on earliest receipt of credit. Occasionally, something may appear to be listed twice. This results from the credit being somehow different, for example, secured and unsecured, credit limits, etc. PFB = Planet FeedBack

STARTER BK CARDS: score bad

1. Household - unsecured 300 - 5 mos., score about 560 -

www.householdbank.com/hb/CustomerCare?cmd_Redirect=HomePage

2. Cap1 - Secured and Unsecured - www.capitalone.com

3. Orchard - Secured - www.orchardbank.com/care/CustomerCare?cmd_Redirect=HomePage

4. American Online Secured Visa - www.apbank.com/021_scc.html

5. Mazda (Ford) - 1 day post BK13 - auto loan

6. Kay Jewelers - $2000 - www.kayjewelers.com

6 MOS - 1 YEAR REBUILDING CREDIT: score low 600s

1. Cap1 - unsecured gold 500 - www.capitalone.com

2. Orchard - unsecured $500 -

www.orchardbank.com/care/CustomerCare?cmd_Redirect=HomePage

3. Target Guest Card- unsecured 200 - www.target.com/common/financialservices/apply_online.jhtml

4. First Premier - $200 - www.credit-cards-s.com/premier.asp

5. Providian Platinum - www.providian.com

6. Citifinancial Mortgage - 6 mths post - 9% - www.citifinancial.com

7. First National Bank of Marin - 6 mths post - low 600's - $300 unsecured - www.fnbmarin.com

8. Raymour and Flanigan Furniture - no URL available

1-2 YEARS REBUILDING: score mid 600s

1. AT&T Wireless - No deposit - www.attws.com

2. Cap1 Platinum - unsecured 5000. Yes, platinum. started w/regular card and negotiated credit line to platinum. (Wow!) - www.capitalone.com

3. Cross Country Bank Visa - unsecured - $300, then $600, then $1250 over time. * - www.crosscountrybank.com

4. Cross Country Bank MC - unsecured - $350 * - www.crosscountrybank.com

5. Dillards - unsecured - $500 - www.dillards.com/cca/CreditCardApplication.jsp

6. Circuit City – unsecured -$2000 - http://www.circuitcity.com

7. Western Security Bank - secured - www.westernsecuritybank.com

8. Direct Merchants Bank $1001 (Semi-secured) - Pre-approved mailings only - www.directmerchantsbank.com

9. Sprint PCS - $200 Assigned Spending Limit - www.sprint.com

10. Newport News/Spiegals/Eddie Bauer - www.spiegals.com/home.asp

11. Merrick Bank - $1000 - www.applymerrick.com

2+ Years Rebuilding: score low to mid 600's:

1. Aspire - unsecured - $500 - www.compucredit.com/pdcts.html

2. Voicestream - No deposit - www.voicestream.com

3. Bank One Checking Account with Debit Card after 5 months usage - www.bankone.com

4. Mortgage Received (No specific name as more than one loan was found by those reporting receipt of mortgage loan.)

5. Nordstrom - suggest not applying on-line - www.nordstrom.com

6. First N.A. Nat. Bank - 3 years (Would someone please provide URL if known?)

7. Citibank MC- will consider (reconsider) post-7 years, usual initial denial - www.citibank.com

8. Nextel - must be 7 years post BK, no dep. - www.nextel.com

9. Exxon - 4 years - www.exxon.com

10. Home Depot - 4 years - www.homedepot.com **

11. Bloomingdales - 3 years - www.bloomingdales.com

12. Verizon - no deposit - www.verizonwireless.com

13. Washington Mutual Visa secured card issued by Citibank N.A. South Dakota - www.washingtonmutual.com

14. Mervyn's ** - www.mervyns.com

15. Generations (6 year mark!) - $1000 - www.genscu.com

16. Target Visa - mid 600's required - www.target.com

17. Lowes - 3+ years - www.lowes.com

18. Washington Mutual Mortgage - 3+ years - www.wamuhomeloans.com

19. Nordstrom - 5+ years - www. Nordstrom.com

20. Wescom Credit Union - 5+ years - www.wescom.org

21. First Nationwide Mortgage - 5 years - www.firstnationwide.com

22. Dell - $1500 - 5+ years - www.dell.com

23. Nissan Lease - 6+ years (Please provide link if known.)

24. Phillips 66 - 7.5 years - www.phillips66.com

25. Ford Credit - 5 years - www.fordcredit.com

26. Diamond Shamrock - 6.5 yrs - www.valero.com

27. Menard's Big Card (Conseco) - $3000 - 5+ years - www.menards.com

28. Capital One Auto Finance -14 % interest, score approximately 650 - www.capitalone.com/capitaloneplace/fa/auto.php?autotc=2&pfid=2000bann0202

29. JCB Card - CE642 - www.jcbusa.com

30. Union Plus - originally denied, reconsidered and approved via PFB - www.unionplus.com**

31. Corvette Mastercard - 7 years post (was not in dispute when pulled)- score 678 with 4 CA's in dispute when pulled - $1500 - www.household.com/corp/hipf_credit_card_select.jsp**

32. JCPenney - 4 years, 7 months post bk7 - www.jcpenney.com

33. BOFA Alaskan Airlines - 5 years, 3 months post bk, approved upon reconsideration - www.bofa.com

34. GM card - www.household.com/corp/hipf_credit_card_select.jsp**

Special Considerations - please consider these with a cautious mindset as these are not based on actual approvals but information gathered through CSR's, etc.:1. Bank of America - will consider post-BK if you have established credit and can show unusual circimstances (business loss, medical, etc.). Customer service rep reports Secured considered 5-years post BK, Unsecured 7-years post BK. (Note: I have heard of no post BK approvals yet. Please update if you receive one. Thanks!)

2. Citibank MC- will consider post-BK after 7 years

3. Citibank Diners Club - will consider post-BK if you have established credit and can show unusual circimstances (business loss, medical, etc.)

4. Federated (Pres. Club Visa)- 3 years post BK was able to override with explanation and good (>680) score

5. Federated (Macy's) Store Card - 2 years post-BK was able to override with explanation.

Rejections (BK Unfriendly):

1. Lowe's (MB)

2. Home Depot (MB) **

3. Walmart

4. Mervyns **

5. Exxon/Mobile **

6. Amex Green

7. Best Buy (Household)-Recently confirmed letter due to bankruptcy Ch 13 6.5

years

8. Citgo

9. Amex Optima Secured

10. Home Depot

11. CitiBank

12. Associates: Citgo (try manual 24 ms+, 3 good lines)

13. First USA (try manual 5+ years discharge)

14. Bank of America **

15. Sears

16. Fleet

17. First USA

18. Mens Wearhouse

19. Monogram Bank = MB **

20. Amex LOC

21. Juniper

22. Chase Manhattan

23. Target Visa

24. Corvette Mastercard **

25. Target with recent BK discharge within 4 months**

26. UnionPlus **

27. GM Card **

28. Conoco

29. Wells Fargo Secured

30. Newport News/Spiegals/Eddie Bauer **

31. WFFNB

32. Circuit City **

33. J.C. Penney **

34. Kohl's

35. USBank

36. Netbank

37. Discover

Smart Suggestions:

1) Try Credit Unions for installment loan products

** Seen on approved and not approved both. When on both lists, be cautious. The approvals may be a fluke and not the norm!!!

This list is constantly updated. Please provide new information as you receive it. Also, links are not endorsements, but rather included as a convenience to the reader. Newest entries in red.

updated 5/27/04

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Great list Nana :)

A note of caution on Credit Unions. CU's like to sneak in cross-collateralization clauses. This is their way of getting paid, even thru bankruptcy, by literally securing everything you get from them with ANY collateral you may use with them. Even if you never intended the collateral for a personal loan to be applied to a credit card, these cross-collateraliztion clauses allow them to use your collateral on ANYTHING you get from them in perpetuity.

Watch out for these clauses. Reject them if you can or at least read the clauses very closely before you sign n the dotted line.

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just to let ya`ll know if its citicards, associates(shell and other cards), goodyear, home depot, radio shack, Sears, dell financial, Key bank cards, Washington Mutual credit card or any other citi owned/run card or credit forget it if you have a BK less then 2 years, if they dont see it and give a card they will take it if it comes in for review ... i know i look for them everyday :?

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  • 3 weeks later...

I do not believe Citi is very Bk friendly.

Neither is american express however I was approved for blue cash with a ch7 that is within 1 year of falling off. Score was 676 at time of approval.

Could be a fluke, but I know the BK was there when they pulled EQ.

________

New Edge

Edited by sjsharks
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  • 1 month later...
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There is also a link in my signature line for a yahoo group that might prove helpful to some. It list approving bank, Your State, CRA pulled along with various other criteria. It is a growing list, and would be helpful if you would join and add your experiences.

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  • 4 weeks later...
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  • 2 months later...

For Southern CA residents:

http://www.octfcu.org/creditcards/sharesecuredvisa.asp

As of 12/31/2004:

It's simple and easy to open an account - in fact, for credit limits less than $1,000, you don't even need an application.[read: no credit check!] Simply deposit an amount equal to the credit limit you want into a Share Savings account.

The HARD part is finding a way to join! The most lenient way to join seems to be in the school eligibility criteria "A student of selected colleges and universities located in Orange County, California." I'll find out more information on different schools and how our board members can get student ID's, etc. for a college around here. (Shouldn't be TOO difficult.)

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  • 2 months later...
Great list Nana :)

A note of caution on Credit Unions. CU's like to sneak in cross-collateralization clauses. This is their way of getting paid, even thru bankruptcy, by literally securing everything you get from them with ANY collateral you may use with them. Even if you never intended the collateral for a personal loan to be applied to a credit card, these cross-collateraliztion clauses allow them to use your collateral on ANYTHING you get from them in perpetuity.

Watch out for these clauses. Reject them if you can or at least read the clauses very closely before you sign n the dotted line.

This happened to my sister. She had to turn in all cars. Anyone with more info on Amex Blue card?

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  • 8 months later...
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  • 5 months later...

I have a ch7 that was discharged in March 1999. I had the usual predatory lender cards, etc.

My FICO's are in the mid 600's, with about $25,000 of outstanding debt.

Over the past week I applied for three cards, and here are the results.

Hooters MC - approved with a $2800 limit, no annual fee and a 14.25 APR. I've had a good relationship with Merrick Bank since Oct of 2002, so I'm expecting that limit to be increased within a short time frame. Only thing I dislike about Merrick now is that they have become VERY strict on disputing charges. Called and asked about balance transfers and was told that they do it via convienience checks, and they consider it a purchase and not a cash advance. I think they said it would be a charge of $5 + 2%....not too too bad. Especially if you'll be transferring from a card thats charging 29.99%

US Bank WorldPerks Visa Platinum - approved with an $8000 limit, 17.75 APR, with a $55 annual fee. Not the greatest APR in the world, but that card will be replacing the Banco Popular/Direct Merchants/HSBC MC with the 24.75 APR. I'll transfer my $1400 balance over to US Bank and the just use the Banco/DM/HSBC for the occasional tank of gas. After paying it down to about $1,000 I'll transfer that balance to the Hooters MC. This way I'll wind up with rewards points on both.

Citibank AA Awards - denied. *BUT* the pulled my TU before the ch7 was deleted, and the reason for denial was the ch7. So I sent in a letter for reconsideration along with a copy of my latest TU showing the ch7 deleted.

All three of the above pulled TU only on me.

Funny thing is that Merrick/Hooters started reporting to the CRA's immediately, showing the acct in good standing. That's actually how I found out that I had been approved. I pulled my Experian and there it was. US Bank hasn't reported to any of them yet, but that will change soon enough with the tank of gas I just put on it.

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I don't know if this is permitted or not, se please feel free to delete if it is not.

I just received my NWA World Perks Visa card. They offer a program to refer 'friends' I would get 5,000 bonus miles, and my 'friend' would receive:

• 10,000 Enrollment Bonus Miles

• The benefit of no blackout dates on award travel

• Miles on every purchase – no cap on miles earned

• Up to 15,000-mile annual award travel discount

(to see the complete terms in their own words, visit: http://worldperksvisa.com/cgi_w/cfm/wpv/refer_personal.cfm Please note that this offer also applies to business cards as well.

Now the definition of 'friend' could be used VERY loosely IMO. It would have to be done via a print application instead of online as according to the website.

My proposition is this: Contact me via PM and I will reply with the link for the application form, along with my NWA World Perks membership number, which would have to be included on the application.. If you apply and get approved, we're both happy. They you can just follow down the line with your 'friends'.

If we play our cards right, we can obtain a r/t coach ticket, or a one class upgrade in no time at all. Might work, might not, but wouldn't hurt to try.

If interested, PM me.

--NOTE: I DO NOT receive any other compensation other than the rewards points on my account, nor do I have any connections with US Bank other than being a card holder. I just figure its a way for a bunch of us to rack up points relatively quickly.

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As an update....

"Citibank AA Awards - denied. *BUT* the pulled my TU before the ch7 was deleted, and the reason for denial was the ch7. So I sent in a letter for reconsideration along with a copy of my latest TU showing the ch7 deleted."

Just five mins ago I received my card in the mail :-)

$3,000 limit (fine for now)

17.99% APR, 22.9% Cash APR, 31.99% Default APR!!

$85 annual fee

It feels so good to have moved from the subprime to the big leagues, with my US Bank World Perks Visa last week and now this. I guess there really is light at the end of the tunnel after all.

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Did you burn Citi in your BK?

Yes I did--to the tune of about $16,000 if I remember correctly. Which is why I was shocked when they approved my personal loan application, and doubly shocked when they approved this after sending them a copy of my TU showing the BK deleted.

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You have GOT to be kidding!!! :shock:

All this time I thought they blacklisted us by SS# when we BK'd them. Now I'm not so sure. My TU has also been cleansed of my BK... hmm...

So they didn't want you with a 7 yr old BK, but the fact that it just wasn't showing on your report anymore suddenly made them see you differently, even though you knew you had BK'd?! They are so stupid.

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Exactly. Makes no sense at all, especially since if they wanted they could have pulled EX or EQ and saw the BK still there.

Denied because of the BK, wrote to them for reconsideration with the copy of my TU that I had actually just received that same day with the BK deleted. BAM!!! Card comes in the mail today.

Now MAYBE because I have a good chunk of assets tied up with Citi helped with the loan. But even that I'm not sure of, because I had applied a while back for the overdraft line of credit and was denied because of the BK. I applied for a personal loan a while back before I moved most of my assets over and was denied. TU deletes the BK and I get approved for the loan.....

Go figure. I don't even try to figure out what Citi does anymore.....it just makes my head hurt. The real test will come in a couple of months when I try for a CLI.

If you can afford the ding from Citi doing a pull, give it a shot. It seems that they pull TU only, and that the BK is what they look for. My Fico is average......I think TU has it at 680, so it's not because of my pristine record that they approved me.

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