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Super Contributor
Posts: 5,712
Registered: ‎10-06-2007
0

HSBC and DMP and Major Derog

For those who are wondering about HSBC and credit problems, I got apporved for a Furniture Row store card which I intend to use a Denver Matress since the offered 26 months interest free.

 

I had 2 HSBC products in DMP and I still have a major derog on my CR.  Even with my current FICO scores, I honestly thought they would turn me down because of the DMP and the derog.

 

Believe it or not, I was shaking when I did the online app since I didnt want the embarrassment of being rejected in front of the sales person.

 

I didnt really want to post this but I did so in case there is someone else wondering about applying with HSBC who had past problems with them.

 

I also thought of the lost FICO points from the INQ and new account but that fadded when I was approved and realized that this account would serve a usefull purpose for me.

 

 

03/21/2016 FICO: EQ: 772 EX:773 TU:779
Valued Contributor
Posts: 2,708
Registered: ‎10-16-2008
0

Re: HSBC and DMP and Major Derog

I admire your courage in facing down your fear of the in-store app, and for sharing this story for the benefit of others.

 

Congratulations (on all counts)! 

 

Frequent Contributor
Posts: 313
Registered: ‎06-26-2009
0

Re: HSBC and DMP and Major Derog

Congratulations Marty!

 

Thanks for sharing your story.

 

CB


Starting Score: EQ 618 TU 585
Current Score: EQ 680 TU 698 EX 681 (lender pull 04/2010)
Goal Score: EQ 720 TU 720


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Moderator Emeritus
Posts: 17,409
Registered: ‎07-14-2009
0

Re: HSBC and DMP and Major Derog

Believe it or not, I was shaking when I did the online app since I didnt want the embarrassment of being rejected in front of the sales person.

 

I've stood in those same shoes. It's not a good feeling.

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