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Regular Contributor
YoungMoney06
Posts: 116
Registered: ‎06-26-2011
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How Long GE Apps Remain in System?

Briefing: A month ago, I applied for two GE backed cards, specifically Amazon and Walmart to be exact. However, I was declined both, citing I believe a "recent collections account", as well as a high utilization rate. Since then, I've worked and had the "recent collections account" which provided invalid data REMOVED from two of my three reports, the third is in pending for another 10 days.

 

On that note, I also have a defaulted credit card dating from 2006 that was sold off to a third-party collector. However, that third party collector, like others, was removed 2-3 years ago citing insufficient informaton. However, a "high balance" is still being reported on the defaulted credit card in the amount of $6xx.  Here is where the utlization comes into play. I only have a $1,200 credit limit on my active card that was opened in November, with two months of on-time payments.

 

I also have one successful installment account on file that was paid off in 2010.

 

Overall, with a thin file, I have two questions.

 

1. How long does a GE application remain active in the system?

2. If the application is still potentially in the system, what's the likelyhood of an approval?

 

As a side note, after the removal of the recent collections account, my score rose by about 15 points to 665.

 

Thanks for everyone who responds.

My Wallet: WF College Card ($1.7k); GE Wal-Mart ($1.3k); GE Amazon ($1.9k); Chase Freedom ($1k); Citi Simplicity ($2k); Discover IT ($2k); CareCredit ($1.5k); GE Lowes ($2.5k) -- In The Garden 'Til 08/2014

Current Scores: EQ 716; TU 683; EX: 709; TU(08): 723 - As of April 21, 2014
Goal Score: 700 Across the Board (TU, EQ, EX)


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Valued Contributor
dodgerslv
Posts: 1,757
Registered: ‎06-16-2012
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Re: How Long GE Apps Remain in System?

I think its for 30 days (someone correct me if im wrong). If you can afford the hit, make sure your credit report is updated first and then apply again.


Cards: (Citi x6) (Chase x5) (US Bank x3) (Amex x3) (Barclays x3) (BofA x2) (Cap1 x2) (WF x2) (Penfed x1) (Discover x1) (Sync/GE x4) (Macys x2)
Fico 08 scores (8/27/14) EX: 772 TU: 767 EQ: 778 (Utilization at 8% right now).





Regular Contributor
YoungMoney06
Posts: 116
Registered: ‎06-26-2011
0

Re: How Long GE Apps Remain in System?

I'm contemplating whether or not to take the hit, but the utilization is deterring me a bit. I wanted to wait about a month, but I'm not completely sure yet. May just wait a month but was curious about how long it takes in regards to the app remaining in the system.

My Wallet: WF College Card ($1.7k); GE Wal-Mart ($1.3k); GE Amazon ($1.9k); Chase Freedom ($1k); Citi Simplicity ($2k); Discover IT ($2k); CareCredit ($1.5k); GE Lowes ($2.5k) -- In The Garden 'Til 08/2014

Current Scores: EQ 716; TU 683; EX: 709; TU(08): 723 - As of April 21, 2014
Goal Score: 700 Across the Board (TU, EQ, EX)


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Regular Contributor
Tran92
Posts: 217
Registered: ‎09-25-2012
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Re: How Long GE Apps Remain in System?

I was told by the underwriter that you can reapply in 30 days of your last app. What are your scores now?
TU 746 (10/13)
GOAL: 750+






Valued Member
joshy
Posts: 49
Registered: ‎11-13-2012
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Re: How Long GE Apps Remain in System?

That's not true you could apply more than once in 30 day, make sure transunion is clean and after you apply call the GE Credit Verification 866-246-4282 they will ask you if they could send a text to your phone for verification then most likely you with be approved, I have been approved for 28 new account in the last 12 month its all about backdoor # and what to tell them.

Credit Cards:Amex BCE $5K. Amex costco $15K,Chase Freedom $1K, Discover $4K,Discover it $1.7K Cap1 $2.5K, Cap1 $1.5K, Cap1 visa $1K, BBRZMC $300, BNFL $1450, Cap1 $2K. BRCU $1K.chevrom visa $3.3K, toyrus visa $6.3K,walmart DC$2.4k,Gap vs$4k

Store Card.Walmart $3.3K,Amazon $3.5K, Old Navy $4.7K, KOHLS $500, The Children's Place $325. Target $700, Express $1.15K. paypal SC $1.8K, MACYS $2.5k
Valued Contributor
Rhaeny
Posts: 1,507
Registered: ‎07-24-2011
0

Re: How Long GE Apps Remain in System?


joshy wrote:

That's not true you could apply more than once in 30 day, make sure transunion is clean and after you apply call the GE Credit Verification 866-246-4282 they will ask you if they could send a text to your phone for verification then most likely you with be approved, I have been approved for 28 new account in the last 12 month its all about backdoor # and what to tell them.


Totally off topic here but wow...I thought I was holding the record with my 15 new accounts in 6 months!  Looks like I'm behind :smileyvery-happy:!

 

No seriously, after what I've done in 2012 I will be in garden mode for ALL of 2013!


Major CC's - Barclay's ($5.5K) | Barclay's Sallie Mae MC ($5K) | DCU ($7.5K) | Discover IT ($1.4K) | Genisys Visa ($1.4K) | NFCU Visa ($22K) | Navcheck ($15K) | Chase Freedom ($5K) | SDFCU Visa ($8K) | Amex BCP ($9.5K) | Amex Delta ($10K) |Store CC's| -Amazon ($4K) | Catherines ($850) | JCP ($4K) | Macy's ($1.7K) | Avenue ($850) | Victoria's Secret ($1.4K) | Walmart ($4.1K) | Paypal SC ($1.3K) | HSN ($2.5) | Sears ($2.6K) | Sams Club ($4.1K) |Goal|: Age with grace to 750 across the board |Last app|: 3/3/2014
Regular Contributor
YoungMoney06
Posts: 116
Registered: ‎06-26-2011
0

Re: How Long GE Apps Remain in System?

Tran...I don't have an updated score, OFFICIAL, but my FAKO (CK) went up by 11 points from 642 to 653. When my FAKO was 642, my official TU was 652. So my guess would be around 660-665 is where my new score should be.

 

joshy: What do you mean by clean? And what were your scores when you applied and called the number. Sounds a bit too simple to just call a number and have a SMS sent for verification and be approved, unless you have immaculate scores.

 

Rhaney: Any advice?

My Wallet: WF College Card ($1.7k); GE Wal-Mart ($1.3k); GE Amazon ($1.9k); Chase Freedom ($1k); Citi Simplicity ($2k); Discover IT ($2k); CareCredit ($1.5k); GE Lowes ($2.5k) -- In The Garden 'Til 08/2014

Current Scores: EQ 716; TU 683; EX: 709; TU(08): 723 - As of April 21, 2014
Goal Score: 700 Across the Board (TU, EQ, EX)


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Valued Member
joshy
Posts: 49
Registered: ‎11-13-2012
0

Re: How Long GE Apps Remain in System?

[ Edited ]

my creditkarma score is 638 AND all i do is apply to see if i get the 5 to 7 days massege and call backdoor # and talk to them with GE if you get a ref # just call the credit underwriter and talk to them

CREDIT CARD SUMMARY Updated Jan 08, 2013

Expand Total Credit Card Balances $7,460

Expand Credit Card Limits $35,625

AMEX $15,000

CAP ONE $2,500

DISCOVER FIN $1,200

CAP ONE $2,000

CHASE $1,000

CHASE $500

TARGET $700

GECRB/WALMAR $1,500

KOHLS/CAPONE $300

GECRB/HDFURN $1,000

GECRB/OLDNAV $1,500

CHLD/CBNA $325

BRCLYSBANKDE $500

GECRB/AMAZON $700

CAP ONE $500

JENAPO LBRTY $1,000

CAP ONE $300

CAP ONE $750

CB/EXPRESS $1,150

GECRB/CHEVRO $500

GECRB/SMRTCN $300

GECRB/TYDC $1,400

JENAPO LBRTY $1,000

Search for new credit card options Expand Credit Card Utilization Rate 21%

 

new credit as of 01/06/2013 GAP VISA $1200 CHEVROM VISA $1800 DISCOVER IT $ 1700 AMEX DELTA SKYMILES $5000.

 

AUTO LOAN SUMMARY
Updated Jan 08, 2013
Total Auto Loan Balances $25,829

 

Auto Lease - KIA MTR FIN $16,110

Auto Lease - AMER HONDA $9,719

 

Total Personal & Other Loan Balances

Personal Loan - ONEMAIN FI $5,193

 



Open Credit Utilization 22%

On-Time Payments 100%

Credit Inquiries 28

Credit Cards:Amex BCE $5K. Amex costco $15K,Chase Freedom $1K, Discover $4K,Discover it $1.7K Cap1 $2.5K, Cap1 $1.5K, Cap1 visa $1K, BBRZMC $300, BNFL $1450, Cap1 $2K. BRCU $1K.chevrom visa $3.3K, toyrus visa $6.3K,walmart DC$2.4k,Gap vs$4k

Store Card.Walmart $3.3K,Amazon $3.5K, Old Navy $4.7K, KOHLS $500, The Children's Place $325. Target $700, Express $1.15K. paypal SC $1.8K, MACYS $2.5k
Regular Contributor
YoungMoney06
Posts: 116
Registered: ‎06-26-2011
0

Re: How Long GE Apps Remain in System?

joshy: Does the GE backdoor number work for all of the cards (Walmart, Amazon, etc.), and what do you typically tell the underwriters?

My Wallet: WF College Card ($1.7k); GE Wal-Mart ($1.3k); GE Amazon ($1.9k); Chase Freedom ($1k); Citi Simplicity ($2k); Discover IT ($2k); CareCredit ($1.5k); GE Lowes ($2.5k) -- In The Garden 'Til 08/2014

Current Scores: EQ 716; TU 683; EX: 709; TU(08): 723 - As of April 21, 2014
Goal Score: 700 Across the Board (TU, EQ, EX)


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Valued Member
joshy
Posts: 49
Registered: ‎11-13-2012
0

Re: How Long GE Apps Remain in System?

[ Edited ]

@youngmoney06   this # 1-800-379-4936 work for all GE CARDS FOR CLI and this # 866-246-4282 IS for GE credit approval 

 

 i tell the underwriter that i need it to take avantage of financing offers or i needed for  utl, the best way is to how a balance every month and pay in full or 50% of it after the statement is send that way they see that you are using the card, if you pay in full before the statement than they will think that you are not using the card...

Credit Cards:Amex BCE $5K. Amex costco $15K,Chase Freedom $1K, Discover $4K,Discover it $1.7K Cap1 $2.5K, Cap1 $1.5K, Cap1 visa $1K, BBRZMC $300, BNFL $1450, Cap1 $2K. BRCU $1K.chevrom visa $3.3K, toyrus visa $6.3K,walmart DC$2.4k,Gap vs$4k

Store Card.Walmart $3.3K,Amazon $3.5K, Old Navy $4.7K, KOHLS $500, The Children's Place $325. Target $700, Express $1.15K. paypal SC $1.8K, MACYS $2.5k

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