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Frequent Contributor
Posts: 329
Registered: ‎08-19-2010
0

Approved for Discover More! Collection is complete!

So I've been really wanting to get this card for a while. Discover kept denying me over and over. I stepped out of the garden two days ago to app for this one card.

What a surprise... Instant DENIAL. 

Reasons were the typical Discover ones .. High loan balances ( I have student loans that are deferred!!!!) .. Not enough established history...  

So I called the next day and requested to talk to a manager (called the recon number). I was told all the manager were in a meeting and someone would call me back within 24 hours. Two hours later, I got a call from a manager.

She explained the reasons to me once again!  She basically wanted to see more current history .. so I kept explaining to her that I have a perfect two year loan that's been paid off completely just last month ... the key thing was when she asked me if I'm still a student .. I said YES (she asked me where) .. she put me on hold and came back with an approval. 

 

The limit is so low ( $500) .. but she said the card will grow with me .. they will do automatic CLI ...

 

Back to garden now ..

Just wanted to share my story with you Smiley Happy


Member
Posts: 810
Registered: ‎03-16-2012
0

Re: Approved for Discover More! Collection is complete!

congratz!!!! i want this card too... what was your score and how many inquiries do you have??


Starting Score: TU: 481 12/30/2015 EQ:561 12/30/2015 EX:532 12/30/2015 (MYFICOS) BK FILED: 09/2015 DISCHARGED 12/2015 -- 07/04/2016 TU:584 EQ: 604 EX: 582
NFCU cashRewards:$500 CreditOne:$300 Merrick:$600 Milestone:$300 Cabelas:$1000
Mega Contributor
Posts: 15,453
Registered: ‎04-09-2011
0

Re: Approved for Discover More! Collection is complete!

CONGRATS!!!



EQ FICO 548 3/3/16
Frequent Contributor
Posts: 329
Registered: ‎08-19-2010
0

Re: Approved for Discover More! Collection is complete!

Thanks ... 

I think my score is in the mid 600's range .. Not sure what's the score exactly. I've been getting different scores from different creditors.. !


kobe2012 wrote:

congratz!!!! i want this card too... what was your score and how many inquiries do you have??


 


Member
Posts: 810
Registered: ‎03-16-2012
0

Re: Approved for Discover More! Collection is complete!

oh ok... any baddies? inquiries???... sorry, so many questions...


Starting Score: TU: 481 12/30/2015 EQ:561 12/30/2015 EX:532 12/30/2015 (MYFICOS) BK FILED: 09/2015 DISCHARGED 12/2015 -- 07/04/2016 TU:584 EQ: 604 EX: 582
NFCU cashRewards:$500 CreditOne:$300 Merrick:$600 Milestone:$300 Cabelas:$1000
Established Member
Posts: 26
Registered: ‎07-29-2012
0

Re: Approved for Discover More! Collection is complete!

Yaaay and congrats!  I have high student loan balances that are also deferred as well since I'm still in school and not enough established credit history but they didn't give me an instant denial either.  I just called in and was approved.  It's weird how they're picky when it's a student card and you have student loans.


Current Score: EQ FICO (07/27/2012): 687 (08/01/2012): 688, EX (07/27/2012): 696, TU(07/27/2012: 667 (08/06/2012): 712
Goal Score: 700+


In my wallet: Chase Amazon Rewards Visa ($1300), Capital One Rewards ($300), Chase Freedom ($500), Discover More Student ($1000), Citi Forward student ($2000)

Take the FICO Fitness Challenge


Frequent Contributor
Posts: 329
Registered: ‎08-19-2010
0

Re: Approved for Discover More! Collection is complete!

When I applied in May, I was denied for the same reasons I mentioned above. But when I called they looked closely at my report. There was a major delinquency.. 3 90 days .. 3 60 days .. 3 30 days .. late! Those were all removed by the creditor when I closed the loan with them as an action of good will!

 

Other than that .. no baddies Smiley Happy


kobe2012 wrote:

oh ok... any baddies? inquiries???... sorry, so many questions...


 


Frequent Contributor
Posts: 329
Registered: ‎08-19-2010
0

Re: Approved for Discover More! Collection is complete!

[ Edited ]

They said the loans will not be deferred when I graduate!! 

How much did they approve you for?


marilynmonroe078 wrote:

Yaaay and congrats!  I have high student loan balances that are also deferred as well since I'm still in school and not enough established credit history but they didn't give me an instant denial either.  I just called in and was approved.  It's weird how they're picky when it's a student card and you have student loans.


 


Established Contributor
Posts: 869
Registered: ‎07-04-2012
0

Re: Approved for Discover More! Collection is complete!

Nice approval, Congrats!!

Weird thing is though that once I heard from a CSR that the minimum credit limit with Discover was $1000.

Fico Scores: . Walmart TU 748 . Garden 8/19 2014 .

Cap One Journey 500 | Discover IT 500 | GE Home Design 5.6k | GE HHGREGG 5k | Amex Zync NPSL | Amex BCE 6k | Citi Forward 4.2k | Citi Dividend 3k | GE BrandsMart 1k | GE Lowes 8.5k | Discover Walmart 7.5k | Barclays Apple 2.5k | BoA CR 2.7k | CSP 7.2k | Platinum Prestige 5k | IT Chrome 4k | Slate 2.3k |
Established Member
Posts: 26
Registered: ‎07-29-2012
0

Re: Approved for Discover More! Collection is complete!

I was approved for $1000.

 

After you graduate from school, if you don't plan on going to grad school, you have a 6 month grace period before you have to pay back the loans.  If you enter into a situation such as unemployment, go to grad school, can't find a full-time job, enter into a rehab program for a disability, or economic hardship you will be able to defer your student loans.  The big thing is to get a hold of the loan lender.  


Current Score: EQ FICO (07/27/2012): 687 (08/01/2012): 688, EX (07/27/2012): 696, TU(07/27/2012: 667 (08/06/2012): 712
Goal Score: 700+


In my wallet: Chase Amazon Rewards Visa ($1300), Capital One Rewards ($300), Chase Freedom ($500), Discover More Student ($1000), Citi Forward student ($2000)

Take the FICO Fitness Challenge


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