Re: Update to list! I have seen a number of references to bk-friendly CU (lines or cards?) in this thread....can somebody provide some NAMES?
Re: Update to list! Yes. Boeing CU and Orange County Teachers CU. Solzy, If you get interested in joining a CU - look up your local ones. The ones I mentioned are headquartered in Washington and California. CU's have membership restrictions. Jim
Re: Update to list! this is *TOO* funny. Of all the gin joints in the world.......*ASIDE* from octfcu, can folks provide any other suggestions. Especially for plastic. I've always assumed that CUs wouldn't be good places cuz they would require membership, so I am wondering who all these bk friendly CUs are? And are folks joining as members before applying?
Re: Update to list! My cu turned me down. They want 2 years of perfect credit. I'm sure they're not all like that, tho.
Re: Update to list! Depends on what type of bk. But the rate will be high, my guess somewhere in the low double digits. This will also include a healthy downpayment. Best regards, Mirage
Re: Update to list! I am going to do Ted75 and all of us BKer's a favor and reopen this post. Thanks Sassy for locating it. I first read it when I got here in Jan.
Re: Update to list! Thanks King. Anyone know about Discover card? Are they BK friendly? Oh, I almost forgot...what about AMEX Centurion??? just kidding...
Re: Update to list! Discover is very UNFriendly to BKer's or anyone with any damaged credit. MY wife & I both tried. Our friends have been turned down with minor credit blemishes.
What about Citibank - AT&T Platinum I noticed Citibank was not on the NanaC list... Anyone know abut Citibank's AT&T Universal Platinum Mastercard? I received an offer in the mail, but it didn't mention Pre-Approved.
Re: What about Citibank - AT&T Platinum Citibank is known to deny automatically if you have a BK. We both got turned down for this 1 too. I hope somwbody has had success with Citi but i will realy be surprised to hear it.
Re: update Bank of America rep told me last week that no one with BK gets approved for credit card, secured or unsecured. doesn't matter if BK discharged, the BK has to fall off...she said no override available. And even tho they have secured cards available, she said you cannot get a secured card, because after 12 mo it becomes nonsecured with good payment history, and that would conflict with their no BK policy....HMMMMM... I even have checking and savings accts both at B of A. Have had them for six years, right before I filed for 13BK [[[ had to open a new Bank account, since my old one was with a Credit Union who had my car loan and they closed my checking account privledges ]]]
Re: update Maggie- this may be 1 reps view, or it's a recent change in policy. My BK was discharged in 95. I was approved in '99 for a Platinum Visa with $5k limit. That card is now at $13.5k with a 10.14% APR (I mainly use it for BTs at PR+0%). When I applied, I was automatically declined (as expected). I sent in a letter explaining the situation and a loan officer overrode the decline. Like I said- this may be a new policy. Amex has recently changed from a "after 7 years we can look at it" to "absolutely not" . I wonder about Citi - they used to be "after 7 years we can look at it" but now that everyone has seemed to tighten up their criteria... -mj
Re: update re: Bank of America, I was just told by a CSR that they only consider BK if you have re-established credit. On a related note, does anyone here have any experience or suggestions about chapter 13? I applied twice in 1998, and both times it was dismissed before anything was discharged. (Before the creditors meeting even.) It *really* sucks to be saddled with the BK and not have gotten ANY benefit from it! I filed in an attempt to save my house, NOT to avoid paying my unsecured debt. Sorry, it just really pisses me off...heh.
Re: update OH, My..this thing is still around..I'm so glad...I need to go read what I missed... Discover...no way, uh uh, nopers, nope.
Re: Update to list! We got ours with an FHA, 3%down. Did it all online, too. It was a breeze (Hi, BREEZE!) Anyway, I think it has more to do with length of time since BK.
I"ve updated the list-hope it helps Clarifications: Moved Chevron because it was thought to be a fluke and with Jim's info added. STARTER BK CARDS: score? bad. 1. Household - unsecured 300 2. Cap1 - Unsecured 300 3. Providian visa - 500 4. FCNB - unsecured - $1000 5. Cap1 - Secured 6 MOS - 1 YEAR REBUILDING CREDIT: score low 600s 1. Cap1 - unsecured gold 500 2. Prov MC - unsecured 500 3. Orchard - unsecured $500 4. Target - unsecured 200 5. First Premier - $200 6. Providian Classic - $1000 1-2 YEARS REBUILDING: score mid 600s 1. Aria/Getsmart Visa - unsecured - $500 2. AT&T Wireless - No deposit 3. Nextcard - unsecured 750 no annual fee. 4. Cap1 Platinum - unsecured 5000. Yes, platinum. started w/regular card and negotiated credit line to platinum. (Wow!) 5. Cross Country Bank Visa - unsecured - $300, then $600, then $1250 over time. * 6. Cross Country Bank MC - unsecured - $350 * 7. Dillards - unsecured - $500 8. Circuit City â?? unsecured -$2000 9. Western Security Bank - secured 10. 1/00 Direct Merchants Bank $1001 (Semi-secured) 11. Sprint PCS - $200 Assigned Spending Limit 2+ Years Rebuilding: score low to mid 600's: 1. Aspire - unsecured - $500 2. Providian Gold 3. Voicestream - No deposit 4. Bank One Checking Account with Debit Card after 5 months usage 6. Mortgage 7. Nordstrom - suggest not applying on-line 8. First N.A. Nat. Bank - 3 years 9. Citibank MC- will consider post-7 years 10. Nextcard - 5 years 11. Exxon - 4 years 12. Home Depot - 4 years 13. Bloomingdales - 3 years Special Considerations: 1. Bank of America - will consider post-BK if you have established credit and can show unusual circimstances (business loss, medical, etc.) 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. Will not accept BK 1. Lowe's (MB) 2. Home Depot (MB) ** 3. Walmart 4. Mervyns 5. Exxon/Mobile ** 6. Amex Green 7. Nextcard ** 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 Smart Suggestions: 1) Try Credit Unions 2) Ford is BK friendly *See note in first message of thread ** Seen on approved and not approved both. NanaC
Re: I"ve updated the list-hope it helps You can add target and generations. Both aproved me post chapter 13
