I don't if I should laugh or celebrate. Just got a Target Guest Card approval online with a whopping $200 line of credit! Instant approval at that. Decided it was best not to try for the Target Visa as rejection at this point in time would be most devastating. Applied for Orchard Bank last week which was approved, unsecured $500, 9 months out of BK. How long should I charge on these before I try for #3? Want to sell my condo and buy bigger in 15 months. Should I quit while I'm ahead? Claudia
Congrats Claudia! Your situation sounds a lot like mine. I got BK 7 discharge in June, got Orchard Bank unsecured $500 in Aug. I got Target Guest Card $200 in Sept. Have you tried getting any store cards? Any luck? Christine
Just wait and work these two out. Target does not show a true CL. Make your payments on time. Let's hope a Cap-1 cc will be around the corner. You might look into a secured card but with the Orchard you doing okay for the moment. Also pull your reports and start working on those as well. Congrats! Best regards, Mirage
so target guest card won't show up on reports? also, to the two that are just out of banko - what are your scores?
out of bk in july 03, target 300, am pacific secured 500,cap 1 500, diamond shamrock 400,orchard 500, mazda auto 18250 10%, citi mortgage 9% 92000, all since july. scores at 519 in July now mid 600s to EFX 690
The Target Guest card will show on your CRs, but the CL is your high balance. In short if your CL is $200.00 but you purchased $50.00 with of goods, your stated CL on the report is $50.00 and not $200.00. Which means that you have just maxed your CL which will reflect on your report with a lower score. Best regards, Mirage
I haven't even pulled my CR's yet. That is how new I am to credit repair (about 3 weeks). I thought I would get denied credit and could get CR's for free so I guess I have to fork out money for them. I also have not checked my scores, so I am still not part of the team here. I have not attempted to get any "real" store cards. Would hate to get denied and I'm not sure which dept. stores will approve me. I have only applied for the ones I've read about on this board. I do have 3 affirmations from my BK - car lease, mortgage, and Wells Fargo Financial. This will probably help me some. As far as CAP 1 goes, they were included in my bankruptcy for about $1,200 and they are sending me pre-approved credit card offers!!??? What is up with that? Should I still apply?
As for this, I'm not sure. I think we have a few posters here that can answer that. I myself would not even try. At this point Target Guest card appears to bk-friendly as well as any other department store accounts that Retailers National Bank offers. There are postings here for cc that are bk-friendly, check that one out. At this point you have your mortgage which is a good thing. Everything else can take it's course with work and time. Best regards, Mirage
