04-03-2009 09:55 AM
I was worried quite a bit about loosing my only credit card (yes I know I need more) when Circuit City went out of business.
But just got a letter from Chase saying the card will automatically switch over to a Best Buy Chase card without any action by me and I get to keep all history and credit limit.
Man I was worried, that is why I never paid off the 123.00 balance off and kept paying the min. just to keep card open as long as I could.
04-03-2009 10:23 AM
Hi there and Congratulations on the product change...I know others have worried about what would happen to their Circuit City cards.
You didn't ask for advice and I hope you won't be upset when I say that, yes, you need other cards. I've read other threads where you discussed the fact that your reports never increase from there 660-680ish range. I really think this may be your problem. Another cc or two might be exactly what you need to carry you over 700.
BTW...as soon as Chase took over for Wamu I went on app spree and received 3 new cards better than any of the others I already had. Thinking of Chase holding so much control over my credit totally scared me.
04-03-2009 10:29 AM
I can always take advice.
I know I need another one and think I can get approved but was waiting for at least 700 with somebody. But now that you mention it I have been at this range for a YEAR.
But I am scared as heck to get turned down due to past issues back in 2003 with 1 60 day late with the Chase card. And credit card companies hate 60 days late no matter how long ago.
Trans = 689
Equifax = 673
Exp = 683
04-03-2009 11:11 AM
Since the 60 day late is so old and you still do business with Chase have you tried GW to have it removed?
I understand being a bit afraid to apply, but I've seen people here getting approved for cards with MUCH worse on their credit reports. I know that I was approved when my BK was newer than your 6 yr. old 60 day late.
I truly believe that what will hurt you most when applying now will be the lack of revolving credit reporting and not the 60 day late.
04-03-2009 02:37 PM
Circuit City to Best Buy???
Best Buy credit cards are backed by Household Bank, how is Chase issuing one?
This is happening and being discussed in another thread here.
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.