JCREW and ANN TAYLOR approved and received

[iwant700fico]

Just  got the cards today. so little info for those wondering about the Comenity Bank cards. Did  the shopping trick for both sites and they  SP my EQ and approved me for $500 each. I am still in rebuilding process and was kind of surprised that  they approved me. I have 3 open collections with Midland which I am trying to PFD with no success and 1 chargeoff from 2010. 

Cap1 $500 limit open3/12  Credit one Bank  $500 limit  open 3/12   Chase Auto lease $9300 balance open 6/12   Honda Auto Lease 9200 Balance open12/12 JCrew $500 limit open 4/13  Ann Taylor $500 Limit 4/12

[dodfire]

Congrats on your new cards!!

[iwant700fico]

Thanx. Feels good to hear approved for a change.lool

[09Lexie]

Congrats !

[parakleet]

congrats! I have the JCrew card and that card will grow very slowly but steadily over time!

[NonSufficientFunds]

Congratulations on your approval for the new cards.

I would suggest that any more applications in the immediate future are only going to hurt you.

The open accounts in your signature are all very recent, and the collections and charge-off appear to be pretty recent. 

You're going to have to manage your present credit lines responsibly for at least six more months, if you want to qualify for a prime card before the end of the year.

Otherwise, you will only be given very small limits, and still have to pay an annual fee.

Good luck on your journey !!

[iwant700fico]

Thanks for the input. Actually the chargeoff and collections are from 2010  but I am   trying to pay and delete them.  Do  I really have a chance to get  a prime card in 6 month with those collections remaining on my report ?. I  was planning of opening a high limit secured card with my CU . what do you think?

[NonSufficientFunds]

I would let your most recent inquiries mellow for six months.  By that time, your baddies will be at the half-way point of falling off (if you can get them deleted - all the better).

Aggressively applying for new credit lines is counter-productive (especially for a relatively new credit profile).

Some people think that getting lots of credit lines in a short time is a good idea, (sometimes they even go on "app sprees"), but they are ignorant of the effect it is having on their FICO Bankruptcy Risk Score - then they act surprised when their limits are suddenly reduced or even cancelled.

Build your credit gradually, and work on the negative marks.

A high-limit secured card is also a great idea, if you can afford the collateralization.

 

[iwant700fico]

I would let your most recent inquiries mellow for six months.  By that time, your baddies will be at the half-way point of falling off (if you can get them deleted - all the better).

Aggressively applying for new credit lines is counter-productive (especially for a relatively new credit profile).

Some people think that getting lots of credit lines in a short time is a good idea, (sometimes they even go on "app sprees"), but they are very ignorant of the effect it is having on their FICO Bankruptcy Risk Score - then they act surprised when their limits are suddenly reduced or even cancelled.

Build your credit gradually, and work on the negative marks.

A high-limit secured card is also a great idea, if you can afford the collateralization

........................................................................................................................................................................................................................................................................

Got it.  I have about 5k to open a secured card so I guess I go for the secured card route and try to delete those collections . Meantime no more credit cards till all the baddies are off.

Thanks for taking the time.