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 07:29 PM
They forgive once!
congrats on your new card.
some people get decent regular CLI from household and others can't get past the $100 increases.
04-09-2009 07:37 PM
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.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO