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Regular Contributor
KeithW
Posts: 201
Registered: ‎02-22-2012
0

Re: Chase Freedom Denial

LS,

 

I think I agree with you, though I do not know how much trouble it would be to get this fixed, and considering they are paid, how much it would benefit me. It appears that the fact that I still have a seperate legal residence means that the law of nessecisties I mentioned above would NOT apply.

Current Score: FICO EQ637-TU690-EX704
Wallet: Cap One Rew. $3500, Cap One Plat. $2000, Barclay $3000, Old Navy Visa $2500, HSBC $1500, Credit One $1800, BoA $3000, Chase Freedom $1500, Wal-Mart Discover $2000, Amazon $3100, Lowes $2000, Kay's $7000
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: Chase Freedom Denial


KeithW wrote:

LS,

 

I think I agree with you, though I do not know how much trouble it would be to get this fixed, and considering they are paid, how much it would benefit me. It appears that the fact that I still have a seperate legal residence means that the law of nessecisties I mentioned above would NOT apply.


A collection hurts your FICO score the same way paid or unpaid. Id be fighting it tooth and nail if it did not belong to me!!! Dont give up, I would frequent the rebuilding forum on this topic. There are a lot of smart members there that can help you! Good luck!! :smileyhappy:




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Blogger
HiLine
Posts: 2,949
Registered: ‎10-19-2012
0

Re: Chase Freedom Denial

Can you perhaps write a goodwill letter to the collection agency to stop reporting the collection account? 

What I'm really confused about is how Chase knows that your wife has a collection without it showing up on your credit report. 

Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: Chase Freedom Denial


HiLine wrote:

Can you perhaps write a goodwill letter to the collection agency to stop reporting the collection account? 

What I'm really confused about is how Chase knows that your wife has a collection without it showing up on your credit report. 


AFAIK his wife's CA's are showing up on his reports which is totally inaccurate.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Blogger
HiLine
Posts: 2,949
Registered: ‎10-19-2012
0

Re: Chase Freedom Denial

Oh I see. The CA did not show up until the OP paid off the bill. 

Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: Chase Freedom Denial


HiLine wrote:

Oh I see. The CA did not show up until the OP paid off the bill. 


Which sounds like to me they took advantage of that card info. Not sure if that is illegal but the CA is to put it on his report.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Moderator
09Lexie
Posts: 25,939
Registered: ‎09-13-2012
0

Re: Chase Freedom Denial

Sorry for the denial. Take LSs advice to work on those baddies. Chase can be picky if you have multiple issues to overlook. In your case, high util + CAs.
Frequent Contributor
CredittotheMax
Posts: 270
Registered: ‎01-01-2013
0

Re: Chase Freedom Denial

Chase are probably one of the most picky creditors IMO. I have been denied three time by them, but I got approved for two amex and discover it with no problem at all. 

$3.5k$4.5k$2k$4k$2k

FICO = EQ: 729 (6/13) TU:744 (12/27) EX: ?
Valued Member
sperrin
Posts: 42
Registered: ‎10-17-2012
0

Re: Chase Freedom Denial

How did you get approved for a Citi card for your Experian just over 600? And what made you think they'd approve you through chase with those scores?  Are they loosening their credit score standards? What did they pull?

Moderator
Revelate
Posts: 9,485
Registered: ‎12-30-2011
0

Re: Chase Freedom Denial


sperrin wrote:

How did you get approved for a Citi card for your Experian just over 600? And what made you think they'd approve you through chase with those scores?  Are they loosening their credit score standards? What did they pull?


They likely didn't pull EQ'04 classic which is presumably the OP's EQ score in his signature line.

 

AFAIK they haven't loosened the underwriting for the card since last June, but I haven't been paying too much attention for the past several months.  Chase will approve with paid collections, but 40% util and if they were looking at payments vs. balance, hard to say.   LIke has been suggested, I'd call in tomorrow explaining the collections and even the utilization if it came up assuming there's some rationale for it (like paying said collections or whatever the most recent large but reasonable expense was) and a plan to make that prettier.

 

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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