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Senior Contributor
Posts: 11,485
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
Posts: 803
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 780 , TU 783, EQ 776 inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-1/0/0~ last credit card app 6/24/13- New car loan 3/8/2014- Discover IT $12,500~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $23,300 Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050
Frequent Contributor
Posts: 298
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
Posts: 15,453
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.



EQ FICO 548 3/3/16
Frequent Contributor
Posts: 298
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.

Frequent Contributor
Posts: 298
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
Posts: 30,826
Registered: ‎02-07-2013
0

Re: GE Capital


Zelaya wrote:

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


Oh YESSmiley Wink

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Established Contributor
Posts: 803
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 780 , TU 783, EQ 776 inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-1/0/0~ last credit card app 6/24/13- New car loan 3/8/2014- Discover IT $12,500~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $23,300 Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050
New Visitor
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
Posts: 348
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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