I applied for the Oregon Community Credit union today and was denied due to my bk, which was discharged in 1/2007. I've heard of people getting approved for their cards not too long after bk, so I thought I had a good chance on getting approved, but I thought wrong. I only have 2 credit cards with balances on them, but they are maxed out at 940/1250 limit and 700/750 limit. The only reason why they are maxed out is because they currently have a 0% interest for 6mo and the other for 18mo. Both the accts will be paid off by September of this year, so maybe I can try applying for the Oregon card again. I did call the credit dept and spoke to a nice lady today for a reconsideration, and the answer was No. She stated that the main reason why the appl was declined was because of the 2 credit cards being maxed out, other than that it sounded like I had a good chance on getting approved. She said if I could get the balances down to 20% I could call back so they can pull a new report reflecting the changes to reconsider me for the card. My credit score should be between 630-660, no lates since my bk.
If I were you, I'd nurse those two cards you have for a long time and wait for your credit to improve. Then if you do that and don't apply for new CCs for a couple of years you'll be able to get much better cards and CLs. JMO.
Ok, so I thought I was giving up since I called the back door (credit analist) number for recon and got declined, but again I remember "never give up". So today I called back door number (Corporate office), and approved.
never give up.
Thanks for the advise! I think I will do that for now. I actually have a total of 6 credit cards since my bk discharged, and non of them have annual fees with rates ranging from 10%-20%. However, I do eventually want to add a credit union credit card to my portfolio by next year. Honestly, I was bummed out being declined by Juniper, but it's ok I will recover =)
Chase Perfect Card balance $0/1000
Walmart store card GEMB balance $0/500
Orchard Platinum Visa $0/750
Cap1 MC $0/1250
Best Buy store card $700/750
Cap1 Visa $940/1250
Call the backdoor number (corporate offices), thats what I did and they turned around their decision and approved me.