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04-09-2009 06:22 PM
So I am in the rebuilding stage of my credit. I have two CC on my report that went to collections and 3-4 collections accounts (all paid). Since then I have been an AU on two cards that have good Util (about 13k combined limit with only $300 balance), I opened a car loan (co-signed) and a macys department store card, both in Jan 09.
I was happy because I ran my CR on myfico and it said my EQ was up to a 662 (woohoo). I thought I could now apply for my own CC (no AU) and get approved. I was sadly mistaken when I applied at two different places and was denied at both. One of those being my CU (where I have my car loan)
I figured I would try one more place. My frown was turned upside down when I tried Households pre-approval website and they said they had something for me. I applied and got a $750 credit limit with $39 AF. Does anyone know how Household is with CLI?
I still wonder why this may be the case because one of the CC that I defaulted on (sent to collections) was an HSBC card. Why would they approve me? Isn't Household backed by HSBC?
04-09-2009 07:38 PM
Depending on the time that has past since they charged off your account, you could re-open a new account. There are a few members on this board that have gone through charged off accounts and BKs and were able to open up new accounts with those creditors in the future.