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It was a leap of faith, but I couldn't help myself... I applied for the Chase Freedom Unlimited 2 days ago. Got the 30 day application pending notification online. Called the number to check on my application and got the 7-10 day message. They pulled Experian (my lowest FICO score 655) and TU (my highest FICO score of 733). I had a Chase Card back in 2006-2008. Closed in good standings. The long holiday wait will kill me.
I have read the threads here, and it seems there is no rhyme or reason to the wait times. 30 days can be approved, as well as 7-10 days... I love surprises as long as they are positive. Cross your fingers for me!
7-10 generally means it is a denial unless it was sitting at 30 days or 2 weeks for awhile on the phone status line. If that was the case then it switches to 7-10 then it usually means some type of verification is needed. That is what I gathered so far. Still though best to wait until whatever comes to come then call up.
Good Luck!
What is your credit profile like (utilization, current cards, baddies, etc.)
7-10 days is probably a denial. Interesting that they pulled your best and worst. You're not completely out for the count tho. Wait for the decision and then go for recon if denied!
Current FICO 8 scores are
EX 655 2 medical collections due to fall off this Nov/Dec.
TU 733 No negative marks, just a thin file
EQ 678 2 Released (paid off) tax liens.
AU on fiancee's Cap1 Platinum with 11,200 CL, less than 5% 10 years old
My own credit builder QS1, applied for it before becoming an AU on Fiancee's card, so low 300 limit. Due to increase next month
TU & EQ show an old closed in good standings Chase CC. closed in 2008.
So I am currently waiting for the medical collections to fall off the Ex report. But also trying to get more accounts open. 4-6 would be good. My self lender account will be on my report within a few weeks. That will give me 3 accounts.
2 inquiries on all reports.
Not really interested in a secured cc as I feel my scores are high enough to get better, and also, I am getting married in October, so my savings account is being used for that. Not interested in running up a balance on my cc's, but I do want to have more to build my file.
Considering NFCU. My son is in the delayed entry program for the Army. So I think I am eligible. But there are no branches near me, so it would seem a hassle to have an extra bank account. Currently I am with Golden1 whom I have read is very conservative. So I have not considered applying through them yet.
I don't want to go over 5 HP's, and I am currently at 2. So I will take deep consideration before applying for anything else. If denied the Chase, I will recon. If still denied, I will garden for a bit longer, and just seek a CLI on my QS1. Also will be convincing my Fiancee to change his Cap1 Platinum (the card I am an AU on) to a QS, so we can get the rewards. That is my ultimate goal anyways, and why I applied for the Chase Freedom Unlimited.
I think your chances are good and if denied call for a recon.
On a side note:
You should call the CRA and ask for an early deletions on the collections.
Regarding the tax liens, are they Federal? If so, you can request a Withdrawal from the IRS. Also note that it may fall off on July 1st.
Thanks for the hope @sjt. :-)
If denied I will recon. If that fails I will garden a bit longer. No need to waste pulls.
Sadly the tax liens are not going anywhere on EQ. I disputed and TU & EX deleted them. EQ refused to delete, and just modified them to show released.
I will ask for EE in late summer, early fall for the med. collections on EX. By then I will have several months with my self lender loan, and my score should rise a bit more. Until then, I will just be hoping for good vibes with Chase. :-)
Keep us posted.
Checked the application number again today. Still 7-10 days. So I will wait for denial letter and recon.
Ironically the inquiries did not affect my scores. I now have 2 pulls on TU & EX, and one on EQ. My TU score went up to 753 this morning according to CCT. They finally show the 5% utilization on my AU account. So I am at 0 and 5% utiliization on my cards. It was paid down b4 I applied, and appeared on 2 of the credit reports. I didn't realize it hadn't showed up on TU. Maybe that had an effect on the denial. They pulled TU & EX. EX shows 2 OLD collections though. So I am expecting that to be the problem.
I will update when I get the letter and call for recon.
@Anonymous wrote:Checked the application number again today. Still 7-10 days. So I will wait for denial letter and recon.
Ironically the inquiries did not affect my scores. I now have 2 pulls on TU & EX, and one on EQ. My TU score went up to 753 this morning according to CCT. They finally show the 5% utilization on my AU account. So I am at 0 and 5% utiliization on my cards. It was paid down b4 I applied, and appeared on 2 of the credit reports. I didn't realize it hadn't showed up on TU. Maybe that had an effect on the denial. They pulled TU & EX. EX shows 2 OLD collections though. So I am expecting that to be the problem.
I will update when I get the letter and call for recon.
Dont assume it was a denial. Call this number to check status 888-270-2127.