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What are my chances of getting approved for Barclay's Cash Forward?

New Contributor

What are my chances of getting approved for Barclay's Cash Forward?

I have been discharged from Chapter13 since June/2016 (filed in Nov/2013).

I have built my scores up to 705/686/716 since then with no current blemishes besides the BK.

I have CapOne QS 14K / Discover IT 12K / FirstBank 1650 / Amazon Store 3300 / Wells Fargo 3400

I had a Credit One but closed it last month due to the Annual Fee!

I've had almost all of them for a little over a year now and am currently at 2% UTI.

I have 2 small auto loans and a mortgage. but my debt to income is only 23%.

I have 3/2/3 inquiries within the last 12 months

Given the above, is there any reason to think I would not get approved?

Thanks in advance for any replies as I would hate to waste a HP

 

 

Chapter13 filed 11/13 discharged 06/16
Starting MyFico Scores 09/16 - (EQ 630 | TU 581 | EX 592)
Current Scores 11/17 - (EQ 705| TU 686 | EX 716)
FirstBank CL 1650 | Cap One QS 14,000 | Dicover IT 12100 | Barclay's Cash Forward 5,000 | Amazon Store Card 3300 | Wells Fargo (Furniture) 3400
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2 REPLIES
New Contributor

Re: What are my chances of getting approved for Barclay's Cash Forward?

With no replies from here I decided to bite the bullet and give it a go.

 

I was initially denied due to recent BK (Nov/2013).

I was a little shocked given the posts I have read here since I have over a year's worth of good history utilizing several Credit cards over that span along with my low UTI and halfway decent scores.

So... I called the backdoor number (866-408-4064) for a recon.

After answering a few questions about why I have a BK, my credit card spending habits and employment/income info...

I was given a 5K approval for their CashForward MC.

Not a great SL but decent.

Chapter13 filed 11/13 discharged 06/16
Starting MyFico Scores 09/16 - (EQ 630 | TU 581 | EX 592)
Current Scores 11/17 - (EQ 705| TU 686 | EX 716)
FirstBank CL 1650 | Cap One QS 14,000 | Dicover IT 12100 | Barclay's Cash Forward 5,000 | Amazon Store Card 3300 | Wells Fargo (Furniture) 3400
Message 2 of 3
Highlighted
Frequent Contributor

Re: What are my chances of getting approved for Barclay's Cash Forward?

Congrats on the approval.

Message 3 of 3