Credit Cards

[TilltedBrim]

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?

[DeadSpider]

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.

[jonmartin]

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...

[Shogun]

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

[TilltedBrim]

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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.

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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.

[LS2982]

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

[visorboy1974]

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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?

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

[Voodard]

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

[compassion101]

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.

[TilltedBrim]

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