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Post BK Approvals


Guest jeeptravel
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Guest jeeptravel

I can't find much info on post BK approvals, so here goes the start of one:

Please list the following information:

BK Chapter?

Date Discharged?

Credit Applied for?

Date Applied?

Status (Accepted? Denied?)

Credit Limit?

CRA Pulled in the decision?

Score at time of pull?

Notes?

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Guest jeeptravel

BK Chapter: 7

Date Discharged: 4/04

Credit Applied for: DANIEL'S JEWELRY CC

Date Applied:6/1/04

Status: Accepted

Credit Limit: $130 unsecured

CRA Pulled in the decision:all 3

Score at time of pull: 560 (avg FAKO)

Notes: Lender requires 60% cash down. No limit on 1st purchase. When paid off, the total amount financed becomes the CL. Very good for credit rebuilding. Reports to all 3.

Credit Applied for: Target Guest Card

Date Applied:7/1/04

Status: Accepted

Credit Limit: $200 unsecured

CRA Pulled in the decision: EFX

Score at time of pull: 575

Notes: Applied on-line. I received my approval and card in mail in 7 days.

Credit Applied for: New Car Loan (Long Beach ACCPT Corp)

Date Applied:8/1/04

Status: Accepted

Credit Limit: 22K (Jeep Librty 2004)

CRA Pulled in the decision:TU

Score at time of pull: 565

Notes: Traded in an old Jeep: 1500 value towards a down. $500 cash down at time of purchase.

Credit Applied for: Household Bank MC

Date Applied:9/1/04

Status: Accepted

Credit Limit: $500

CRA Pulled in the decision: EFX

Score at time of pull: 580

Notes: Knew via email in 2 days

I'll post more later (If all goes well) . . . PLEASE POST YOURS!

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  • 2 weeks later...
Guest jeeptravel

Now for the sad part:

Denials (stated due only to BK):

Chevron Card

Discover

Sears (CITI)

Exxon/Mobil (Monogram Bank)

GM Card (Household)

My BK was filed 1/04 discharged 4/04. At time of denial, my scores were all three around 600.

Hope this helps you avoid senseless inq's.

On a happy note, I received a pre-approval from CAP one and they are verifying my address info. Called and they said this was likely a sign of acceptance. So, until I post otherwise CAP1 letter may be BK friendly.

Have a beautiful day.

JT

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Guest jeeptravel

BK Chapter: 7

Date Discharged: 4/04

Credit Applied for: Capital One

Date Applied: 9/27/04

Status (Accepted? Denied?): Accepted!!!

Credit Limit: Unknown til Activation (up to 3,000)

CRA Pulled in the decision: All 3

Score at time of pull: EQ-570 TU-585 EX-599

Notes: WOO HOO! The last one I needed. There is hope for the BK-ers!

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Guest jeeptravel

I know how you are feeling. The best thing to do now is just avoid credit for a while.

You might consider trying a payday loan each month. It will give you the experience of getting a loan and paying it back in full every month. That's what we did and now that we have cards, it makes it easy to replace what was once a payday loan with our own credit cards. BTW we always pay them in full every month. We are disciplining ourselves to do that.

If your income is good, you'll be in good shape to get all the cards and credit listed in my signature file below. If your income isn't good, be careful. You may slip back into debt, and this time there'll be no way out. If the income is an issue, I highly recommend student loans and returning to school. Many many well paying jobs require education. Besides that, student loans don't require good credit.

Good luck! I hope this string will help encourage those going through BK stuff.

jt

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  • 1 month later...

BK Chapter?7

Date Discharged?8/01

Credit Applied for?Cap One

Date Applied?7/02

Status (Accepted? Denied?) accepted

Credit Limit?$7500.00

CRA Pulled in the decision? not sure

Score at time of pull?not sure

notes 12.99% int

Credit Applied for?FHA mortgage

Date Applied?7/04

Status (Accepted? Denied?)accepted

Credit Limit?

CRA Pulled in the decision?they don't work on scores

notes 6% int

Credit Applied for?Car loan, Laporte savings bank

Date Applied?12/04

Status (Accepted? Denied?)accepted

Credit Limit?

CRA Pulled in the decision?not sure

Score at time of pull?Exp 667, Eq 652, TU 672

Notes? 7.75% int

Not sure if this is what your looking for jeep, but this has been my experience so far.

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