06-21-2012 07:04 PM
Didn't want to thread-jack someone elses, so decided to post my scenario here -
App'd for Discover More last night at 3am my time, checked fako for TU (683 on CK) and EQ (660-724 range on EQ Scorecard) and just went for it. I used the link from CK hoping they would pull TU if I linked from there, as I've read that somewhere in the blogosphere.... they pulled EQ.
I'll stick to the facts -
Timeline of events -
And, that was my approval process. Big thing for me was that huge tax lien I have which I am still working on resolving as it's gone back and forth a few times with IRS ombudsman, me, and now a tax attorney. Nobody likes those, so I thought.
Next for me is to app for Amex PR Gold, Costco TrueEarnings on same inq, retire Zync card, and retire an Orchard card I've had for 6yrs simply for AAoA purposes. But since AMEX will backdate (as is with my Zync card), I should be good. If I get the Costco card and a decent limmit, may possibly retire Hooters / Merrick card which is $1500 limit and also 5yrs old.
My advice is that if you're borderline, just apply for Discover. 650+ seems to be a sure-shot, although nobody can guaranty I guess.
06-21-2012 09:36 PM - edited 06-21-2012 09:37 PM
Interesting. I have a 660 Exp score right now. 9 Tradelines in good standing a few baddies from 2007. Opened a few new accounts this year, Have a VW credit Loan with a 5,000 Balance on it. I have alot of Inq. I will probably apply next summer and let my accounts age. Congrats! this is the next card I want. Did you get a pre approval on the site? I have yet to get one.
06-21-2012 10:07 PM
Thanks naked. I never could get the preapproval on the site, always just recommended the More card. I did get them in the mail a few times over the past year or two, but didn't app off of any of those direct mailers.
06-21-2012 10:18 PM
Next for me is to app for Amex PR Gold, Costco TrueEarnings on same inq, retire Zync card, and retire an Orchard card I've had for 6yrs simply for AAoA purposes.
Provided your Orchard card doesn't have a huge limit, you can get rid of it right away. It will still report on Experian, Equifax and Transunion for the next 10 years -- you won't lose any AAoA. If it has a huge credit limit that might hurt your total FICO® utilization, but otherwise, close out that Orchard card with no worries.
And, congratulations on your new Discover card!
06-21-2012 10:45 PM
Thank you for posting your approval and profile cardslayer, like you I'm sitting with an unresolved tax lien which I haven't had the ability to just throw money at in a direct debit settlement (employment history is just too damned spotty these days) so I appreciate seeing that a Discover More is workable even with that outstanding.
06-22-2012 09:42 AM - edited 06-22-2012 09:46 AM
I also had a similar scenerio as you.
When I called the next day, after explaining some (2) of the baddies on my CR's.
I was approved for a Discover(r) More card with a $2,000 CL. no annual fee.
I pay all my CC's in full every month.
Now I can drop the First Premier card which is outrageous with fees, and they
don't credit my payments for weeks, even after they cleared the bank.
I don't really use CC's very much, I just want the Available.
I have alot of inquiries on my CR ATM, so I will wait until next year for the AMEX,
and definatly just call the 1-800 numbers from now on, so I can explain any
questions they may have.
I also had a tax lien, set up a payment arrangement, after 6 months of ontime
payments, they listed it as satisfied, then I wrote a letter to them along with a form
I filled out and the lien was removed completely from my CR's. And I still have about
2 years of payments left.
Got all the info for that process from these forums. My score didn't jump, but the
public record is no longer on my CR.
All my best
06-22-2012 11:06 AM
If Discover pulls EQ, that'd be great for me since that's my cleanest (perfect recent history, 4 derogs including 1 PR which I may be able to get off) My score is at 639 right now but could probably get it above 650 because util is high at the moment.
Might consider this card for the app spree I'm planning for later this year. I'm trying to apply for cards that pull different CRA's so I could spread the inquiries a bit.
06-22-2012 08:56 PM
Same thing here, apped Discover more from the site, build your own card, got the 7-10 day wait. Figured I'd just wait for the letter in the mail. Checked my voice mail on Wed, they had called twice wanting more info, called them back, asked a bunch of questions. I have a couple baddies that haven't fallen off yet, judgements, explained my poor credit history, told them I was wishing to improve my history and lower my utilization. Put on hold for about 5-10 minutes and given a CL of 1200@ 22%, I accepted and now happy .
06-22-2012 09:26 PM
Minor update to this post. The following day (6/21), I app'd for -
AMEX Platinum Mercedes Benz charge - INSTANT APPROVAL (NPSL)
*it's $25 more per year than the regular Platinum for AF, but I have 1 lease MB and 1 purchased MB and the benefits (explained here) far far outweigh the costs for me. I was gonna go Gold PRG, but did the math, plus 50k MR point bonus, and went for it. I'll see how I like it this year, but have a feeling I'll be keeping it. Also, a little vain, but this has been my dream card for long, long time.
AMEX BCE (Blue Cash Everyday) - INSTANT DENIAL
* oh well, will try again in a year or so
AMEX Delta Gold credit card - INSTANT APPROVAL (?? CL)
* can't wait to get it and find out the CL! I'm sure I could call, but this is a forced lesson in patience for me
Best thing about the (now 3) Amex's is that my backdate is 2005, so I pick up 7yrs age on each card. For this reason, I will keep the Zync as well and reconsider on renewal in about a year. Very excited to get the Plat, as I was just starting to plan our little summer outing with the kids. Already called and linked to SPG Gold status!
Even better, all this and no inq's from Amex!
So, 4 net-new cards this week, +1 inq on EQ for Discover only. Very happy with that.
Just so you guys know, since I am always curious myself on other people's criteria, my Amex experience is as follows -
I'm sure I'm on the short list for Amex FR now!
But all jokes aside, I am very happy with this outcome, and have definitely gone down the rebuilding path myself a few years ago ( I have posts on the other credit board, several hundered from back then). i totally respect everyone on this board, and their efforts. I had seen amazing results by using this and the other board, very helpful advice and very respectful. So I always try to post as much info as I can, as I'm sure there are folks fighting some of the same battles as me. Not to gloat or anything, but I do feel as if i've finally "arrived". Except for that elusive BCE card!
Good luck to all of you on your building, and congrats to those who have gotten back on track!
06-22-2012 09:32 PM
Why are you applying for a card at 3 am?
Sounds like drunk dialing but drunk credit card apping?
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO