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Chase Freedom/BankAmericard age of derogs

New Contributor

Chase Freedom/BankAmericard age of derogs

What is a typical rule of thumb for age of derogs when applying to prime cards with Chase or BoA? I have a 90 day late from September 2012 because a student loan was supposed to be included in a consolidation, but wasn't. Before that, last derog was a 30 day in Sept 2011. Thoughts? Thanks for the help!

Starting Score: 8/6/08 EQ-428 TU-471 EX-440
Current Score: EQ-779 Scorewatch 8/25/17 TU-769 BOA 8/19/17 EX-769 8/25/17 Discover Creditscorecard
Goal Score: 720


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6 REPLIES
Super Contributor

Re: Chase Freedom/BankAmericard age of derogs

it really depends. There's no fixed answer.

If you really want to be on the safe side, wait >3 years.

 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Message 2 of 7
Super Contributor

Re: Chase Freedom/BankAmericard age of derogs

Got a freedom card with a 120 day derog on a student loan. Granted that was almost four years ago. They did ask me about it though.

;
Starting Score: EQ: 714, TU 684
Current Score: EQ: 725 7/30/13, TU 684 6/2013, Exp 826 4/16/17, Last App 8/5/17
Goal Score: 800 (Achieved!) In garden until Sepetember 2019
Message 3 of 7
Contributor

Re: Chase Freedom/BankAmericard age of derogs

I have a number of derogs on student loans from about 2006-2009 and bank of america approved me for $2000. As long as you have some revolving credit currently I think you have a good shot.

EX 690 (Credit.com 6/14) | EQ 673 (DCU 6/14) | TU 705 (Walmart 7/14)

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Message 4 of 7
Established Contributor

Re: Chase Freedom/BankAmericard age of derogs


enharu wrote:

it really depends. There's no fixed answer.

If you really want to be on the safe side, wait >3 years.

 


+1

My last deorog (late payment) was in Feb 2010 and when I apped this year (Approved), the late payment was not listed as reasons for consideration (Or reasons not to approve). I have paid many accounts on time since. YMMV.


2010: 475 EQ 2011: 503 EQ 2012: 600 EQ2013:632 EQ
Starting Score: 634 EQ-3/13/13
Current Score: 706 EQ-8/29/13 703 EX-7/12/13 705 TU-8/9/13
Goal Score: 700

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Message 5 of 7
New Contributor

Re: Chase Freedom/BankAmericard age of derogs

Cashondelivery, what card were you approved for?

I suppose I'll just keep working on things and app for cards in 18 months or so.

Starting Score: 8/6/08 EQ-428 TU-471 EX-440
Current Score: EQ-779 Scorewatch 8/25/17 TU-769 BOA 8/19/17 EX-769 8/25/17 Discover Creditscorecard
Goal Score: 720


Take the FICO Fitness Challenge
Message 6 of 7
Established Contributor

Re: Chase Freedom/BankAmericard age of derogs


gatortrades wrote:
Cashondelivery, what card were you approved for?

I suppose I'll just keep working on things and app for cards in 18 months or so.

Freedom


2010: 475 EQ 2011: 503 EQ 2012: 600 EQ2013:632 EQ
Starting Score: 634 EQ-3/13/13
Current Score: 706 EQ-8/29/13 703 EX-7/12/13 705 TU-8/9/13
Goal Score: 700

Take the myFICO Fitness Challenge
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