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.
Good job and way to use that knowledge!
Welcome to the Chase family!
Thanks Lexie and manwoot!
Damn Chase seems so hard, I only have 1 charge off and 1 judgement. I'm trying to get them removed before I apply!
Congarts you know I have to breakout the dance for you
Good Recon WTG
It's time for you to head home now
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.
@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.