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HSBC and DMP and Major Derog

Super Contributor

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.

 

 

10/17/2017 FICO: EQ 829 TU 830 EX 826
3 REPLIES
Valued Contributor

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

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

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.