07-30-2013 09:04 PM
So Wednesday before last, some of you may recall, I was approved for the B of A Cash Rewards card. Well, later that night I was still riding on cloud 9 feeling really good about the approval and decided to go for the Chase Freedom. I received the 7-10 day message. I constantly checked the status line over the next few days but it always said in process, so last Monday, I decided to call the Application Status line to inquire. The nice lady reviewed my application and CR and asked me about my annual salary and employment. She asked about some balances I have on three cards (NFCU, Home Depot, & Care Credit) and I explained to her that they were all 0% financing that I was taking advantage of. She placed me on hold for a minute or two and then came back and said that she was unable to approve me because of the balances and that I should apply again once I pay them down. But as a card carrying member of the myfico family, I didn't give up.
I received the denial letter sometime over the weekend. I opened it yesterday, and noticed that the reason they listed for denial was not because of current balances but because of a collection. No other reason.
I have one baddie on my report which is a three year old medical collection for $105. It's resolved but I can't seem to get them to take it off.
Anyway, I called the Credit Analyst Recon number in the sticky and informed the analyst that I received the letter and wanted to explain the collection and see if they would reconsider.
I explained the collection and then she asked about those balances that are on 0%. She also asked about my length of employment, salary, and monthly mortgage payment. She put me on hold for a few minutes and came back and said she was able to approve me for the Chase Freedom with a limit of $2,000. WOO HOO!
I'm finally in with Chase and now my garden stay is even more sweeter with a backdated AMEX and CSP application to look forward to in January.
07-30-2013 09:09 PM
Good job and way to use that knowledge!
Welcome to the Chase family!
07-30-2013 09:33 PM
Thanks Lexie and manwoot!
07-30-2013 09:37 PM
Congarts you know I have to breakout the dance for you
Good Recon WTG
It's time for you to head home now
07-30-2013 09:45 PM
Great job! Once you are in with them it shouldnt be too long before you will be approved for an even better card. Just keep that utilization low and you will be good.
07-31-2013 08:44 AM
@myjourney...you will be happy to know that I am home in the garden resting comfortably as I wait for my new seedlings to grow.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.