Discover App w/ Collections

[Mgilbert8605]

I'm on a mini app spree today. So far I've had luck w/ 2 out of 3 apps (trying to find a working EO/Recon number for Citi). I would love to get the Discovet IT card but idk how strict they are. Has anyone gotten approvals with collections on their report? My EQ Fico is 662 and I've had perfect payment history for almost 4 years now but I have 3 collections on my report. 1 will be falling off in a few weeks though. Should I try to apply or wait it out?

[axledobe]

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@Mgilbert8605 wrote:
I'm on a mini app spree today. So far I've had luck w/ 2 out of 3 apps (trying to find a working EO/Recon number for Citi). I would love to get the Discovet IT card but idk how strict they are. Has anyone gotten approvals with collections on their report? My EQ Fico is 662 and I've had perfect payment history for almost 4 years now but I have 3 collections on my report. 1 will be falling off in a few weeks though. Should I try to apply or wait it out?

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I would try their preapproval link.  If you get an offer, I'd jump on it.  If not, you might consider waiting until the derog falls off.  Your EQ score is certainly in range for an approval based on others I've read. 

Good luck if you app.

[Mgilbert8605]

No offer is there for me under pre-approval link. I got a pre-approval letter from them a little under 2 years ago. My score was in the 500s then. I apped and got denied. Since then, I never got another pre-approval offer.

[axledobe]

If I had to guess, it'll be a double pull (EQ and TU).  If your income is good, util is low, don't have a plethora of new accounts/inquiries, you might just get it.  They are a tough one to crack.  I hate to say it but with the IT card, you really don't know until you apply. I'm 50/50 on your chances.  Waiting on that baddie to fall off can't hurt you. 

[Mgilbert8605]

Thanks for your replies. I think I am going to wait it out. This morning, I got approved for Chase Freedom but only with a $500 limit. I think I'll let that report for 6 months, request an increase and then apply for the IT. By then, most of my collections will be gone. I don't want to waste 2 hard pulls. Now I just need to resist the urge and go in the garden :-)

[CreditExpressNJ]

I'd say give it a shot i just got approved with them with 1 paid charge off and 1 paid collection.... And my EQ is no were near as good as your EQ is by far my lowest score...

[RCFL]

I tried the pre qual link and they couldn't match me with any offer but I pulled the trigger anyway. First, I got the 5-7 days message but called the next day and talked to a very nice human credit analyst. She approved with me 3.5k. I didnt have any collections but have  BK on file. If you want to, you should apply. Good luck...

[bk510]

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@Mgilbert8605 wrote:
I'm on a mini app spree today. So far I've had luck w/ 2 out of 3 apps (trying to find a working EO/Recon number for Citi). I would love to get the Discovet IT card but idk how strict they are. Has anyone gotten approvals with collections on their report? My EQ Fico is 662 and I've had perfect payment history for almost 4 years now but I have 3 collections on my report. 1 will be falling off in a few weeks though. Should I try to apply or wait it out?

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I think that depends on how recent your other 2 collections are. Wait out on the other definately.

I just got approved fot IT. I do have a 1 collection showing  that was reported on 5/24/13. ($284).

Look at my sig.

[TVP125]

I too have some collections from long ago on my credit and have applied for Discover two times in the last 3 months. The first was a solid denial and the second was a denial but they counter-offered with the IT secured card which according to them will graduate after 12 months of good payments

[Mgilbert8605]

I got the itch and applied....It was denied. I'll just try again at the end of this year.