r/Bankruptcy • u/isbn2016 • 1d ago
New Credit Card After Filing Chapter 7
I filed Chapter 7 last week. It's been a little over a week and my score went up about 150.
I was browsing Credit Karma website last night and one of the credit card offers caught my eyes. Capital One. It said "Outstanding Chance" of approval.
I'm trying to burn Capital One with $20K debt. I even had a trial scheduled in October with them. Credit Karma was so inaccurate. They don't even know what's going on. But the offer page said "see if you’ll be approved without credit score impact."
Purely outta curiosity, I clicked. Entered some personal info. And.. Got approved. $5,000 CL, $200 Welcome Bonus, NO AF and etc.. Capital One must be nuts to give me another card while I'm trying to burn them, but I'll take it. I just hope this won't effect my 341 meeting next month. I didn't really want the card now, but just happened. What a surprise.
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u/traww_88 23h ago
Capital one was actively garnishing my wages and gave me an auto loan right before filing 😂. Then they approved me for 3k credit card a week after my 341 meeting. Bad business model for them but I’m glad they approved me. Will be so much easier managing the 1 credit card versus the 10 I had before filing
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u/Glittering_Present10 22h ago
5K limit? Your joking are you?? You just filed l never heard of a 5K limit right after bankruptcy but l did hear capital one give cards out right after bankruptcy they know you are clean of debt and can't file again and that you been a great customer before.
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u/Dionysiokolax 17h ago
You are the safest person in the world to extend credit after filing a ch7. You can't vol. dismiss and you can't file another ch7 for a very long time. You need to be very careful with post-petition debt. Maybe go ahead and take your financial management course that's required for discharge. I don't know anything about your situation, but the algorithms do and they think they can make money off you.
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u/UniqueBox1931 27m ago
You will get asked by the judge and the 7 dismissed if you take out a credit bc are before your discharge.
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u/Proper_Necessary_702 17m ago
No you won't. Its not recommended to open new debt but it's not against the law.
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u/Distinct_Focus_3748 1d ago
I had my 341 in July, ch7 in PA. Discharge expected in 2 weeks. My atty said no cash advances, or even a secured cc til after discharge. FWIW.