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Chase Freedom Denial

Frequent Contributor

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 EQ670-TU680-EX700
Wallet: Cap One Rew. $3500, Cap One QS $2500, Barclay $2650, Old Navy Visa $3000, QS-2 $2500, Credit One $2500, BoA $5000, Chase Freedom $3000, Slate $3000, Wal-Mart Discover $3000-STORE CARDS: Amazon $3500, Lowes $2000, Kay's $7600
Message 11 of 22
Mega Contributor

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!! Smiley Happy




EQ FICO 548 3/3/16
Message 12 of 22
Blogger

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. 

Message 13 of 22
Mega Contributor

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.




EQ FICO 548 3/3/16
Message 14 of 22
Blogger

Re: Chase Freedom Denial

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

Message 15 of 22
Mega Contributor

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.




EQ FICO 548 3/3/16
Message 16 of 22
Moderator Emerita

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.
Message 17 of 22
Frequent Contributor

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. 

$5k$4.5k$2.8k$8k$500
FICO = EQ: 786 (1/15) TU:774 (2/15) EX: 767 (2/15)
Message 18 of 22
Valued Member

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?

Message 19 of 22
Moderator

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 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 797, TU 8 774, EX 8 788 (12/18/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


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Message 20 of 22