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Regular Contributor
Posts: 123
Registered: ‎09-25-2011
0

Apping for the Freedom post bankruptcy... Please post your results.

I want to App for the Freedom in January but have a bankruptcy from 2006.  FICO scores from both EQ and TU are around 720's when utilization is low as it will be when and if I apply.  Currently have NFCU Flagship Signature, NFCU NavCheck, NFCU Auto loan, School loan, Capitol One Platinum, and Barclay Apple in which all are reporting with no lates.  I have a good chance of FICO's reporting around 730 by January.

 

Do you think it would be a waste of an inquiry to shoot for a Chase Freedom?

After falling off the wagon while in the garden... And going 2 for 4 on a drapping spree I've finally received my coveted Discover More. And now I'll limp back to the garden.
Regular Contributor
Posts: 244
Registered: ‎07-29-2012
0

Re: Apping for the Freedom post bankruptcy... Please post your results.

My BK is from 2004 and i got denied for Slate card from CHASE due to BK. I even have Freedom card from them !!! (old Wamu).

Save your HP go for Amex.

Cap1 QS $11500, Freedom $5000K, Slate $8000 Amex Sky $2000K, Discover IT $4400, BCE $8800, NFL $1500, Lowes $7000

Starting Score: 0
Current Score: 742
Goal Score: 800


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Contributor
Posts: 92
Registered: ‎06-05-2009
0

Re: Apping for the Freedom post bankruptcy... Please post your results.

App now. I had a BK in 2008 and my scores aren't even close to yours nor do I have the variety of cards you have and still got a Freedom.. However I make a pretty sizeable income...

NFCU Flagship Rewards Visa Signature $5,000
NFCU NavCheck LOC $10,000
Chase INK Cash $5,000
Chase Freedom $1,500
Bank of America Cash reward 123 $5,000
Barclays Arrival World MC $3,000
Moderator
Posts: 13,869
Registered: ‎04-15-2011
0

Re: Apping for the Freedom post bankruptcy... Please post your results.

Just costs an Inquiry.  If you think you're ready, pull the trigger.



Starting Score: 504




July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Regular Contributor
Posts: 123
Registered: ‎09-25-2011
0

Re: Apping for the Freedom post bankruptcy... Please post your results.


DeadSpider wrote:

My BK is from 2004 and i got denied for Slate card from CHASE due to BK. I even have Freedom card from them !!! (old Wamu).

Save your HP go for Amex.


Funny that you said that Spider... I've wayed the options between the two AMEX an Chase Freedom and felt that I had a better chance with the Chase Freedom than any AMEX card with BK reporting.

After falling off the wagon while in the garden... And going 2 for 4 on a drapping spree I've finally received my coveted Discover More. And now I'll limp back to the garden.
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Apping for the Freedom post bankruptcy... Please post your results.

I wouldn't even bothe with Chase or AMEX until you BK is 8 ys old.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Valued Contributor
Posts: 1,142
Registered: ‎05-17-2010
0

Re: Apping for the Freedom post bankruptcy... Please post your results.


TilltedBrim wrote:

I want to App for the Freedom in January but have a bankruptcy from 2006.  FICO scores from both EQ and TU are around 720's when utilization is low as it will be when and if I apply.  Currently have NFCU Flagship Signature, NFCU NavCheck, NFCU Auto loan, School loan, Capitol One Platinum, and Barclay Apple in which all are reporting with no lates.  I have a good chance of FICO's reporting around 730 by January.

 

Do you think it would be a waste of an inquiry to shoot for a Chase Freedom?


It'd likely be an auto-denial and you'd need to recon with an underwriter.  

Contributor
Posts: 83
Registered: ‎06-13-2012
0

Re: Apping for the Freedom post bankruptcy... Please post your results.

Was Chase listed in your bankruptcy?  If so, your application will get declined.

TU 743 as of 5/12
EQ 715 as of 10/13
EX Plus 780 as of 7/12

Cards in wallet: Chase Sapphire Preferred ($25k) Chase Freedom (8k) NFCU Platinum ($24k) HHonors Reserve ($11k)
United MileagePlus Club ($17k)
Established Contributor
Posts: 702
Registered: ‎06-06-2012
0

Re: Apping for the Freedom post bankruptcy... Please post your results.

First question on the chase app is:

 

Is your credit history clear from bankruptcies and/or seriously delinquent accounts?

 
YES my credit history is clear from bankruptcies and/or seriously delinquent accounts
 
NO my credit history is not clear from bankruptcies and/or seriously delinquent accounts

 

Not saying it's impossible, but it seems pretty unlikey until the BK comes off. I have an 8yo BK and applied a year ago and was denied. I was able to backdoor a Freedom cause my WAMU account was transferred over and they did give me a PC to the Freedom when I requested it. But they won't match my largest credit lines of 5k, keeping me at 2600.

Regular Contributor
Posts: 123
Registered: ‎09-25-2011
0

Re: Apping for the Freedom post bankruptcy... Please post your results.

No, Chase or Amex was listed in my bankruptcy....  I was an authorized user for Amex until 2001 I believe but my stepdad who authorized me past away.  But it still shows on my report as never late although it hasn't posted since November 2004.

 

LS2982.... 8 years wouldn't be until May 31 2014.  Really wanting to step into a "prime" card before 8 years of bankruptcy but if it takes 8 years then I guess that's what it will have to be.

 

Visorboy... In your opinion how would you think that recon would go with the Chase underwriter?  I'm a DOD contractor and my income is $110,000

After falling off the wagon while in the garden... And going 2 for 4 on a drapping spree I've finally received my coveted Discover More. And now I'll limp back to the garden.
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