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Valued Contributor
FinStar
Posts: 6,831
Registered: ‎10-21-2012
0

Re: GE Capital


Zelaya wrote:
My auto loan just hit 12 months and my first credit revolving will be 1 year next month. Most of jewelry store in Tyson mall uses GE Capitol. If they pull TU I really don't mind. My current FICO score is 637 which is kind of low. I'm currently in garden diet but I really don't want to use my other card because I don't have no zero interest offers.

Unfortunately, only GECRB will be able to determine if you qualify for approval.  All the opinions on this board serve to provide some sort of baseline based on annecdotal information on the lender.  It appears on the surface that your credit file may be fairly young but as others have mentioned, your experience on this may vary since GECRB can be odd sometimes.  The question mainly boils down to a couple things: is the purchase a need or a want? and, since you mentioned you are in the garden, what would be the harm in waiting?

Established Contributor
calihlove75
Posts: 791
Registered: ‎05-16-2012
0

Re: GE Capital

I think you should wait. I know GE can be BK friendly, but I think your score is too low for an approval. I could be wrong though, but personally I think you would be wasting a HP.

100% Ficos: EX 762, TU 767, EQ 762 Inquiries last 1 year/6 months: EX-0/0, TU- 0/0, EQ-1/0~ last credit card app 6/24/13- New car loan 3/8/2014
Discover IT $9500~Kohls $1000~Amex BCE $2000~ Walmart Discover $7500~NFCU Signature CashRewards $16,100~ Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $2500~ Amazon Store $7000~ Fingerhut $1050
Regular Contributor
Zelaya
Posts: 166
Registered: ‎03-05-2013
0

Re: GE Capital

Thanks guys for your honest opinion. Last month I applied for the Amex Optima recovery card and I just noticed tonight Amex is reporting in my credit report  the original date I've been member March 26th 2006. Would this help with GE showing more than 36 months of history. They pull TU or Experian which I don't have too many inquiry.

 

I'll keep you guys posted if I decide on pulling the trigger.

Mega Contributor
LS2982
Posts: 15,436
Registered: ‎04-09-2011
0

Re: GE Capital

They more than likely pull TU. If you do pull the trigger good luck to you! Keep In mind GE is very hard to recon if declined.



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
Regular Contributor
Zelaya
Posts: 166
Registered: ‎03-05-2013
0

Re: GE Capital

Hi Finstar

 

It's more of a "want" I'm watch guy plus I'd only be financing 50% I'm in the garden with my equifax report since it has taken a impact on most of my recent applications spree I did last months. I called GE and spoke with a rep they did confirm they only pull Transunion or Experian. Thank you guys for your opinion.

Regular Contributor
Zelaya
Posts: 166
Registered: ‎03-05-2013
0

Re: GE Capital

Do you guys think by having Amex reporting me since 2006 might help?

Community Leader
Senior Contributor
myjourney
Posts: 26,659
Registered: ‎02-07-2013
0

Re: GE Capital


Zelaya wrote:

Do you guys think by having Amex reporting me since 2006 might help?


Oh YES:smileywink:

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/13


Established Contributor
calihlove75
Posts: 791
Registered: ‎05-16-2012
0

Re: GE Capital


Zelaya wrote:

Do you guys think by having Amex reporting me since 2006 might help?



It just might. It might even result in an increase to your score. My son was denied Amazon, but after I added him as an AU on one of my cards with 15 months history, he was instantly approved for Amazon and Walmart.

 

Honestly, you are just not going to know until you app. If you decide to try, good luck.

100% Ficos: EX 762, TU 767, EQ 762 Inquiries last 1 year/6 months: EX-0/0, TU- 0/0, EQ-1/0~ last credit card app 6/24/13- New car loan 3/8/2014
Discover IT $9500~Kohls $1000~Amex BCE $2000~ Walmart Discover $7500~NFCU Signature CashRewards $16,100~ Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $2500~ Amazon Store $7000~ Fingerhut $1050
New Visitor
ipad2003
Posts: 5
Registered: ‎04-22-2013
0

Re: GE Capital

You will have problem with the score that low
Try in 6 more months
Frequent Contributor
sarkell
Posts: 345
Registered: ‎02-27-2013
0

Re: GE Capital

If you were over 650 I'd say apply. Otherwise wait a few more months.
Cards: CSP $5k, Capital One Cash Rewards VS $3100, Discover it $3k Capital One MasterCard $600, Orchard Bank $3k, Barclays Rewards MC $1250 Gapcard $900, BR $300, Neiman Marcus $1k, Macys $1200 Walmart $500
In the garden until I can get a BCP

Starting Score: 534
Current Score: 682 EQ SW 660 TU 636 EX 3/26/13
Goal Score: 720


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