10-23-2009 04:38 PM
Surprise results from my CC app mini-binge this week. A little background first:
BK13 filed in 04/05 with discharge in 10/07 and have been on the straight & narrow since. Home mortgage secured 10/07 without going subprime, GEMB/WallyWorld CC ($500CL) and BoA Platinum 99/500 for about 18 months now. Only one hard pull on my CR back in April when considering a refi on the home. All scores 724-726 as of this month with 700+ for over a year now.
Despite the current economy, decided to make a run for another unsecured to help rebuild scores with strategic use.
Applied for Visa with Suntrust (my bank) after conversations with local office saying "90% sure" I'd be OK, but declined anyway due to public record, length of accts, # of recent inquiries (WTH with the last one? Only 1 pull in 6 months!). The rejection resulted in me making a strategic swing @ low-hanging fruit since I had one hard pull now and no plans to do anything major soon so might as well hit a few more times.
Requested CLI on the BoA 99/500, hoping to go unsecured but still waiting on the letter. Not getting hopes up, but at least it was not an instant "no".
CA for ExxonMobil MC (Citi) and went down in flames due to BK history. Backdoor reconsider gave me a flat "No credit from us if BK is on ANY report, even if past 7 years". I questioned this wording--they verified if it shows @ all (10 years), then no credit. Don't know if I missed this on the boards or new hard-nosed approach from CITI, but be advised & save yourself the hard pull!
Hooters turned me down immediate on the website! So did CrapitalOne after online chat with CSR assuring me the "No Hassle Cash Rewards" should be no problem to secure. I know times are tough and CC lenders running scared, but this was getting really annoying!
About to give up on the mini-binge, I decided nothing to lose in giving HSBC a try based on the boards here. Gave it a go on the pre-approve soft pull and was approved. Went for the gusto and approved with $500CL. Not much to brag about, but still a victory!
And now the amazing part.....
HSBC--my last resort for the night and the only one to actually extend credit to me--was the mortgage holder of my prior home that I surrendered during the BK and mortgage was IIB! No idea what this experience really means (if anything), but though I'd share the outcome so that others might not give up like I was about to due to old history and assumptions that bridges had been burnt. It is a strange world out there right now!
Now for some quiet time for my scores so they can recover from me beating on them this week!
10-23-2009 07:07 PM
All scores 724-726 as of this month with 700+ for over a year now.
Welcome to the forums!
Congratulations on your approvals!
Could I ask where your scores were obtained from and the score that relates to each bureau?
10-24-2009 07:12 AM
Congratulations on your approval with HSBC. They seem to be more forgiving than some of the other CCC. I've been issued 2 CC backed by them in the last couple months ($300 Sears MC & $510 Best Buy MC) despite still showing a nearly $2,000 charge-off to them on my CR. In fact it just passed the SOL. When I was approved for the Sears MC it was still within SOL.
10-24-2009 09:24 AM
Hey CWCID- Thanks, I have "lurked & learned" here! Scores through myFico except of course most recent EX since the change. I'll be honest that I made an assumption (yes, I know that can be dangerous) on the EX for 10/09 since all 3 have been within a point or two since I challenged & dropped some inaccuracies between the 06/08 and 10/08 reports.
Here is some history:
Hard pull on all 3 in 04/09 when considering mortgage refi.
Here is what I know of my recent apps, so at least it looks like the hard pulls were spread out:
FWIW, still trying to knock some baddies off the reports--a CU auto loan that had a negotiated schedule during BK and is reporting late, mortgage showing missed payments months after BK filed, etc. I love trying to wear them down to fix their own errors in reporting unverified information.
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.
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.