mp11477

This sounds similar to what I've been seeing. I've been using SC to B* TU. That's the only puller I'm using (call me cheap haha). Anyways, about 2 months ago, I bumped off a Barclays inquiry that reappeared after a day or 2. Since then, I can't get anything to bump off, and I pull daily (even weekends).

Hello, I recently applied and was denied for the GM Card. The denial letter did not list any contact information, however, I would like to recon. Would I go the Capital 1 EO route for this, or is there another means since this card is a co-branded card? Thanks!

Fair enough...I have seen your name enough as well to know you are well respected around these parts, so I shall strike my question from the record, so to speak

I'm a long time lurker to this board, and have found a wealth of information, and for that, I thank everyone. Although I may not post much, I felt the need to reply/question/comment (whatever you want to call it) on this post. With that said...is this guy for real, or is it some kind of inside joke that I haven't picked up on yet? I see the same question worded in different ways asked from the OP numerous times, with generally the same answers in return. Other than it being a joke, I can't figure out what else it may be.

Do you happen to know if they are good with recon? I have a BK as well, but also have some of their store branded cards with good history since the BK.

Correct. It's my understanding that the quit-claim deed released me from any financial ownership in the property, however, did not release my financial responsibility, if that makes sense. In other words, if she were to sell after I signed the quit-claim deed, I wouldn't have any stake in the net monetary gain (or loss). However, the quit-claim does not eliminate my financial obligation to the loan since we had a joint mortgage, meaning the bank can still come after me if she doesn't make a payment. However, the Ch7 erased that as well once I filed. I made sure to question my BK7 attorney to confirm numerous times she couldn't come after me for filing Ch7, and he assured me that the quit-claim deed helped in that regard, as I no longer had a stake in the home. So, she could call me every name under the sun, but at the end of the day, could do nothing to me. She was supposed to refinance per our agreement and I could have sued her for that, or forced a sale. But, long story short, that would have caused me more headaches than it was worth.

I quit-claimed it as part of our marital settlement agreement in July, 2011. She was supposed to have filed for a modification within 30 days of that, but didn't. I suspect it was because of her poor credit and couldn't get financing. At any rate, at some point, she discussed with the bank, and they told her to get a modification, she would need to get behind on payments first. So she did...for 7 months. By February, 2012, I figured the only way to rid myself of the headache and start fresh (Since she ruined my credit with all of the lates), was to file BK7, and start fresh, which I did, and it was discharged in May, 2012. As of now, the mortgage is showing IIB and a 0 balance on my credit reports. As far as the status of the Mortgage now....I don't have a clue after 5/2012. As far as I know, my name is still on the note, but I have no financial interest in the property, and no financial responsibility due to the quit-claim and Ch7.

Hello, I have a question regarding qualifying for a mortgage. I was involved in a divorce that was finally dissolved in June, 2011. Part of my divorce decree stated that I would sign a quit-claim deed releasing my ownership in the marital home, to my ex. At that point, she was supposed to go through with refinancing, however, did not. She purposely got behind on mortgage payments to qualify for a hardship refinance. Unfortunately, this ruined my credit, and as a result of several months of delinquent payments with no end in sight, to stop the bleeding, I filed Chapter 7 bankruptcy to rid myself of the financial aspect of the loan, since she did not do so per our agreement. The Ch7 was discharged in May, 2012. So, here is where my question comes in... I understand FHA requires 2 years of clean credit after a Chapter 7 before you can apply for a mortgage. However, I've also heard that if you include a mortgage in that Chapter 7, or you have a foreclosure, it is 3 years. Because I have documented proof that my ex was supposed to refinance within 30 days of me signing the quit-claim deed, and did not, do I have a leg to stand on regarding applying in 2 years, or am I going to be required to wait the entire 3? I have met someone new since the divorce was finalized, things have been going great, and we are planning on getting married in the fall. After the expense of the wedding is over, our next focus would be a house next summer (2014). However, this is going to cause an issue if we have to wait 2 more years because of the BK with the mortgage....ugh! My fiancee's credit is spectacular...she's in the 800s across all bureaus. 1 year out of Ch7, I am in the mid 600s. I know she could qualify for a mortgage on her own (she makes about 40k), however, Ideally, we'd like to use both of our incomes as part of the mortgage process to qualify for more house (I make 65k). Long story short....can I get a mortgage next summer (2014), or am I stuck waiting until 2015 because of the mortgage included in BK7 in 2012?

I don't know. I haven't applied yet. I was hoping to find out how easy a recon may be if I were declined so I wouldn't waste a pull if it were impossible (or close to it). I was hoping my history with some of their store cards would help, and was looking for advice from someone who may have been in a similar situation.

I can't say for sure...I would assume so, but I know some things have been different in Pittsburgh and Ohio in the past with GE.

Long time lurker...lots of good info here! My question pertains to Commenity backed Visa/MC cards. I have a discharged Ch7 as of May 2012. I have a couple Commenity cards I opened since via the shopping cart trick (VS, Bryant home, buckle and Express...all 450.00). I've also recently applied and was approved for a Giant Eagle card (local grocery chain in Pittsburgh area, also backed by Commenity) for 300.00. All cards are always PIF, and I never carry a balance. I also have a Cap 1 for 1000, Merrick for 550 and Credit One for 400 (which will be closed in July before AF hits). All of these currently have a 0 balance as well. I've also heard that Commenity isn't BK friendly with regard to their Visa/MC products. However, I am interested in the new Total Rewards card being offered on 4/1. Based on my almost year of history with Commenity, and perfect credit history overall since BK7, what is my likelihood of getting a recon with them if I apply and am denied?

And one more question... I believe I saw something you posted at some point referencing NMAC, so I'm going to assume you have history with working with them as well. Based on my situation, and knowing I got approved for a loan through GM Financial/Americredit, would would the F+I's chances at a Nissan dealer be to get me approved for a NMAC lease? The fiancee leased a 2012 Rogue a few months ago, and my dad had an Altima that he just turned in and leased a Rogue as well. This is my first experience with Nissan, but I'm pretty satisfied with the Rogue and would consider an Altima? Or....am I just pressing my luck at this point?

Stupid question....but why do you feel it's not a good lease product? Obviously I've never leased through them, as I leased my vehicles before through GMAC, so I have no idea how to interpret that. BTW, thanks for your insight thus far!

Well, I did get approval through GM Financial on my own for a Tier 4 lease. The rate was too high though, and consequently raised the payment 70 bucks a month, so I declined. Now, they keep telling me that if I get a co-signer that I could qualify for top tier status. Before I have my fiancee run her report, are they just trying to sell a car, or would this be an accurate statement? She currently has an 800 FICO with 2% util on CC and a perfect payment history, but did just lease a Nissan Rogue 4 months ago. Combined, we make 100k/yr.

Question for Marv, with a bit of a brief background... I was divorced last year from my ex-wife. Prior to that, I was separated 1/21/2009. Before my separation, I had no credit blemishes, a mortgage, 3 prior GMAC leases all in good standing. However, at the time of separation, my ex-wife wanted to keep the house, so I left. Long story short, she purposely caused the mortgage to go into a 120 day late status to attempt to do a loan modification, consequently ruining my credit in the process. She was supposed to refinance immediately per our divorce agreement in June, 2011. However, as of February, 2012, she still had not done so. Because of months of late payment history as a result of her purposely defaulting, and my fear it would continue longer, I decided to file CH7 to cut the bleeding. By bankruptcy was discharged at the end of May this year. I have opened up a few toy cards since then and have paid all as agreed, and have no late history once again. With that said, I also have a black mark on my credit report that I need to heal over time, and I thought since I needed a new car, I MAY qualify for a lease through Ally, since I had a good history with them before. My father had purchased a Nissan recently, and the finance manager told him at the time, that as long as you paid Nissan on time, you'd ALWAYS qualify for a new lease, even if you let all of your other bills go by the wayside...so I thought maybe the same would hold true with GMAC/Ally. Chevy has some Cruze models available on a short 24 month lease, with very reasonable lease payments right now. I would not be looking to put any money down, and would not have a co-signer. What is the likelihood Ally would approve me for a lease under the circumstances? Or I guess I should say...what's the likelihood a Finance manager could convince Ally I'm a good risk?