Credit Card Center Advertiser Disclosure†
05-30-2008 01:25 PM
05-30-2008 04:35 PM
05-30-2008 04:51 PM - edited 05-30-2008 04:52 PM
Orchard and hsbc will probably still give you ccs even w/chargeoffs. same w/first premier. Was able to get 2 orchards w/2 hsbc chargeoffs still on my reports. However, the hsbc chargeoffs were out of the SOL for collection purposes, so maybe that’s why. Also, you can only have 4 hsbc (incl. orchard) ccs @ 1x…chargeoffs/old/closed accts STILL on your reports count towards this…so in my case, I’ve maxed out my # of hsbc products.
Also I’ve read that if you’ve burned hsbc in the past, while they may give you ccs again, they will NOT give you CLIs, no matter how long ago your chargeoffs w/hsbc were. I tend to believe this is true as despite 15 mos. of perfect payments (no lates, overlimits, missed payments, etc.) w/2 orchard ccs, I’ve NOT been given a single CLI.
In hindsight, rather than go the first premier/orchard route, I probably should’ve gone the secured CC route, but @ the time, I didn’t want to put up all that $. scores have risen nearly 200 pts since obtaining the 1st premiers/orchards in early 07
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.