Credit Cards Center Credit cards from our partners
Reply
Frequent Contributor
Posts: 311
Registered: ‎07-21-2012
0

Chances of approval for Barclays' CC

I believe Barclays pulls TU for me. On October 3, 2012, my TU FICO (per wal-mart) was 679. Since that time my TU report has improved by (a) deleting a collection account and (b) going from about 10 inquiries to 1. So, I expect my score has improved because of these positive changes. FAKO scores improved about 30 points because of these changes, if FICO does the same - I'll be in the low 700s for TU FICO now.

 

I was denied for Barclays about 2 months ago, but my credit has improved since then.

 

Here are my TU stats accounding to smartcredit:

Creditors: 20
Collections: 0
Public Records: 0
Total Inquiries: 1
Accounts in good standing: 20
Total negative items: 0
Total Items: 21

 

Real estate debt (mortgages): $0
Revolving debt (bank and retail cards): $371
Installment loan payments: $29,676
Other debt: $0
Your approximate total debt: $30,839
% of credit available: 96%

 

Here are reasons I think denial is possible:

1) Average age of accounts. I opened 7 new accounts around July of this year (walmart, amazon, capital one, 2x nfcu credit cards, 1x nfcu line of credit, kay jewlers credit card).

2) Although my transunion report shows only 1 inquiriy, if they check ICS also, I have 26 inquiries in the last 4 months on that report.

 

My TU report does have 7 negative items on it (although for some reason smart credit doesn't see them as negative):

1-6) six different accounts (with the same lender - student loans) have 9 months in a row of late payments, 90 day, 120 day, 150 day... These late payments were from April 2006 through January 2007. These accounts now report as closed with a $0 balance and current pay status.

7) one 30 day late in December 2005 on a mortgage account. This account also reports as closed with a $0 balance and current pay status.

 

Everything else is positive history execept the above items.

 

I am interested in either the Priceline Rewards Visa or the Choice Privileges Visa Signature.

 

Should I apply? Odds of approval?

Frequent Contributor
Posts: 455
Registered: ‎01-04-2012
0

Re: Chances of approval for Barclays' CC

I would wait you have some nice cards in your collection especially 2 nfcu cards.

Frequent Contributor
Posts: 311
Registered: ‎07-21-2012
0

Re: Chances of approval for Barclays' CC

NFCU and I did not get along. I've requested that they close all my accounts and send me a check for my balance. I'd like to replace the NFCU cards with something equal (i.e., $5k+ limit).


wallyworld123 wrote:

I would wait you have some nice cards in your collection especially 2 nfcu cards.


 

Contributor
Posts: 143
Registered: ‎05-23-2011
0

Re: Chances of approval for Barclays' CC

Barclay's is so funny. I have only 1 inquiry on my TU and they said in the denial letter too many inquiries. I am also wondering what it takes to get in with them. I think maybe my 2 accounts at 35% utilization got my app nixed. 0% interest can be evil. ;-)

Starting Score: 585
Current Score: TU 734 Walmart EQ 704 FICO EX 721
Goal Score: 750 Across the board


Take the FICO Fitness Challenge

New Contributor
Posts: 96
Registered: ‎07-31-2012
0

Re: Chances of approval for Barclays' CC

I was denied for too many inquiries and some small balances reporting on my cc's. The rep wouldn't recon with me due to those factors so you may get denied due too the amount of inquiries. Barclays tend to be inquiries sensitive as well as new accounts sensitive. :/
My Current Plastic: {Amazon Store Card} {Amazon Visa} {Amex Zync} {Amex Gold PRG} {Amex BCE} {Bloomingdales} {BOA 123 Cash Rewards} {Capital One Platinum Visa} {Chase Freedom Visa} {Discover IT} {Kohls} {Macy's} {Nordstrom} {SonyCard Visa} {Target RedCard}
Frequent Contributor
Posts: 311
Registered: ‎07-21-2012
0

Re: Chances of approval for Barclays' CC


ItchyAppFingers wrote:
I was denied for too many inquiries and some small balances reporting on my cc's. The rep wouldn't recon with me due to those factors so you may get denied due too the amount of inquiries. Barclays tend to be inquiries sensitive as well as new accounts sensitive. :/

If they only check TU, then I should be in good shape because I have only 1 inquiry with them. Anyone know if they consider other CRAs for inquiries such as ICS? I just happen to have a nice discrepency between the number of inquiries TU is reporting and actual inquiries.

Frequent Contributor
Posts: 273
Registered: ‎09-30-2012
0

Re: Chances of approval for Barclays' CC

Last month Barclays denied me an NFL card, This month I re-apped and got a $1000 CL, my score did not change. Funny


Frequent Contributor
Posts: 311
Registered: ‎07-21-2012
0

Re: Chances of approval for Barclays' CC

I got the itch, so I scratched. We'll see:

 

Thank you for applying. We'll need more time to review the information you provided for your Choice Privileges® Visa® Signature Card Application.

There is no need to reapply and it may take up to 10 days to process your application. We will send you an email upon review of your application. You can also visit our website to check the status at: www.myapplicationstatus.com/barclays.

Click HOME to return to Barclays' Homepage.

Contributor
Posts: 143
Registered: ‎05-23-2011
0

Re: Chances of approval for Barclays' CC

Good luck

Starting Score: 585
Current Score: TU 734 Walmart EQ 704 FICO EX 721
Goal Score: 750 Across the board


Take the FICO Fitness Challenge

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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.