05-31-2011 01:32 PM
I am extremely interested in the Chase Freedom card. Unfortunately, due to me cosigning a loan I was unaware that was 90 days late last year, it was reported on my EX credit report only. This was shown as last late 5/10 and once I found out about it took action to remedy the situation. However, on the app it makes you check a box about any serious delinqiencies. My EQ score is 694 and TU score is 760 (FICO's), I don't know what my EX score is, but its the only one with the 90 day late notice. My household income is over $170k a year, but I do not want to waste a hard pull if they will not even consider me because of that. Anyone have any advice on whether or not they may decline or not? My last CRA show's a 4% revolving account usage rate. Thanks!
05-31-2011 07:52 PM
They only pulled EQ for me in NC, but once you open the account i guess its a possibility they could soft EX an TU........and you know what will happen next. I do know that if you tell them you have a major baddie you can forget it. Might be best to forget about that card for about for the next 6.5 years lol......or live dangerously!!
05-31-2011 08:08 PM
Have you thought about calling their underwriting dept. before applying and asking them about yr situation and if it's worth applying. In my exp, underwriters won't give away too much, but you might be able to get an idea of what they'd do.
05-31-2011 08:16 PM - edited 05-31-2011 08:17 PM
I recently applied for and was approved by Chase for a $15k line with a 729 EQ FICO for Sapphire Preferred (Visa Signature). I had *one* account where I had 2 x 30 and 1 x 60 day lates in a 5 month period, the last late (60) about 8 months ago. Other than that, no issues, about 10% util. Was declined initially, spoke to underwriting and explained that I was a co-signer on this acocunt and I didn't know it was late...until it was too late. I had significant income as well, which I was willing to verify via W2 (although they never took me up on my offer). So, short answer I think you'd be ok, but it's always a crapshoot....
05-31-2011 08:28 PM
05-31-2011 08:31 PM
yes, recon number - 888-245-0625. I would apply online tonight, and expect to see the 7-10 day message. Call the number tomorrow afternoon, and tell them you were just checking on the status, and if it was like my call they will walk through the credit report with you.
06-02-2011 09:39 AM
So, since my only problem report was Experian, I decided to freeze it for the time being. Ten minutes later, I apped for the Chase Freedom and got approved instantly within 5-10 seconds. I don't know if they even tried pulling Experian, but hey, it worked!
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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.