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Established Member
Dream850
Posts: 11
Registered: ‎06-24-2012
0

Got My Card - Using Backdoor Underwriter Conversation

I want to thank each and everyone in this community for the fabulous tips and tricks. I have learned SO much here and am well on my way to re-establishing my credit.

 

In early 2012 my FICO was 581 and today it is 680. I've changed cities, gotten a new much better paying job, and leased a much needed new vehicle. Today was like icing on the cake though. I had been denied a Cashbuilder card at PNC Bank, even though I've been banking with them just over a year now, have had a $500 Secured Card with them and made sure to keep a nice sum in my savings account. So, rather than taking no for answer when denied the Cashbuilder Card, I asked the CSR what I could do to qualify. My 2 late accounts were from 2007 and I didn't feel it was fair to have to wait 2 more years for those to fall off. They switched me to an Underwriter who personally reviewed my application and when she came back from having me on hold said that she could approve me for $1000. YAY !!

 

So, in Jan 2012 I had zero credit cards, zero installment loans and that ugly 581.

 

Today I have...

PNC Secured $500  PIF monthly

MACY's Star Card $600  No charges yet

PayPal Bill Me Later $600  PIF monthly

and now PNC Cashbuilder $1000

 

Plus my Nissan Lease that began 7/12 paid 5 days early each month.

 

Now, time to sit back, tend to my garden and watch my credit grow!!

 

I feel like a new woman!!

 

Thanks again for all the great advice.

 

 


Starting Score: 668
Current Score: 680
Goal Score: 750


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Valued Contributor
MsLadyRover
Posts: 2,829
Registered: ‎03-14-2012
0

Re: Got My Card - Using Backdoor Underwriter Conversation

You've made great improvements in your journey.  Congratulations!



Starting Score: 639 (Walmart TU)
Current Score: TU 715 (Barclay) EX 685 (myFICO) EQ 697 (myFICO)
Goal Score: 700 Across the Board (Mortgage Goal Achieved 1/31/2012!)

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New Contributor
alessandrom
Posts: 72
Registered: ‎12-20-2012
0

Re: Got My Card - Using Backdoor Underwriter Conversation

Great job and congratulations your on the right path to freedom heh by the way bill me later is an awesome website do a lot of shopping through them however they do not report to the credit bureus so need to worry about paying them in full each month it wont reflect on ur credit report. Cheers



Current Score: Walmart TU 694 - Credit karma 679 - Credit Sesame 671- VantageScore 695 MyFico ?
Goal Score: 750

Established Contributor
Cadillac-XTS
Posts: 1,837
Registered: ‎08-20-2012
0

Re: Got My Card - Using Backdoor Underwriter Conversation

Congrats

Established Member
Dream850
Posts: 11
Registered: ‎06-24-2012
0

Re: Got My Card - Using Backdoor Underwriter Conversation

Good to know about Bill Me Later! so maybe there's room for one more card, but will wait a bit.

 


Starting Score: 668
Current Score: 680
Goal Score: 750


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New Contributor
GABrown
Posts: 55
Registered: ‎10-23-2012
0

Re: Got My Card - Using Backdoor Underwriter Conversation

awesome story and congratulations!!!!

IN MY PURSE- BankAmericard Cash Rewards Platinum Plus Visa
IN THE GARDEN UNTIL 11/2013
TU-638
EXP-565
EQX-540
Regular Contributor
aplast
Posts: 150
Registered: ‎06-20-2012
0

Re: Got My Card - Using Backdoor Underwriter Conversation

[ Edited ]

alessandrom wrote:
Great job and congratulations your on the right path to freedom heh by the way bill me later is an awesome website do a lot of shopping through them however they do not report to the credit bureus so need to worry about paying them in full each month it wont reflect on ur credit report. Cheers

hmm it was to my understanding that bill me later is now a paypal company? Does anyone else know if they report?

 

Edit: OP congrats on your rebuilding process! It sounds like you have made some good ground! Keep up the good work.

American Express Green - NPSL, Sams Club Discover - 4000, Paypal Smart Connect - 4000, Capital One - 3500, Barclaycard Visa - 2500, Walmart - 1500, Discover IT - 1000, Ashley Furniture Home Store - 1000, Care Credit - 1000.
Established Contributor
tennisfan78
Posts: 636
Registered: ‎09-18-2011
0

Re: Got My Card - Using Backdoor Underwriter Conversation

 

 

Congratulations!!!


Starting Score: EQ=665,TU=618 on Oct 9,2010
EQ=702,TU=725 on Apr 11, 2012 EQ=705 on Oct 31, 2012 Current Score: EQ=702, TU=714 on Dec 8, 2012
Goal Score: 750

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Epic Contributor
Creditaddict
Posts: 22,132
Registered: ‎10-23-2007
0

Re: Got My Card - Using Backdoor Underwriter Conversation


Dream850 wrote:

I want to thank each and everyone in this community for the fabulous tips and tricks. I have learned SO much here and am well on my way to re-establishing my credit.

 

In early 2012 my FICO was 581 and today it is 680. I've changed cities, gotten a new much better paying job, and leased a much needed new vehicle. Today was like icing on the cake though. I had been denied a Cashbuilder card at PNC Bank, even though I've been banking with them just over a year now, have had a $500 Secured Card with them and made sure to keep a nice sum in my savings account. So, rather than taking no for answer when denied the Cashbuilder Card, I asked the CSR what I could do to qualify. My 2 late accounts were from 2007 and I didn't feel it was fair to have to wait 2 more years for those to fall off. They switched me to an Underwriter who personally reviewed my application and when she came back from having me on hold said that she could approve me for $1000. YAY !!

 

So, in Jan 2012 I had zero credit cards, zero installment loans and that ugly 581.

 

Today I have...

PNC Secured $500  PIF monthly

MACY's Star Card $600  No charges yet

PayPal Bill Me Later $600  PIF monthly

and now PNC Cashbuilder $1000

 

Plus my Nissan Lease that began 7/12 paid 5 days early each month.

 

Now, time to sit back, tend to my garden and watch my credit grow!!

 

I feel like a new woman!!

 

Thanks again for all the great advice.

 

 


CONGRATS on the cards and the car... and I'm not saying you will do it, obviously most do not want to do it but Nissan/Infiniti do not count late, don't post late, and don't charge late until 20 days AFTER due date.  Even then don't think you would even see 30 day late until about 90 days lay, they are very laid back as far as that sort of thing goes :smileyhappy:

Fico Scores: EQ- 656 Cap1., TU 696 Walmart, EX 700 Chase (12-17-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
66 Cards and Counting :smileytongue:
New Contributor
alessandrom
Posts: 72
Registered: ‎12-20-2012
0

Re: Got My Card - Using Backdoor Underwriter Conversation

Bill me later does not report. I have had it for a while and nowhere to be seen on my credit reports I also called and asked and confirmed what I already knew. Hope that answers your question.



Current Score: Walmart TU 694 - Credit karma 679 - Credit Sesame 671- VantageScore 695 MyFico ?
Goal Score: 750


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