04-01-2009 03:22 PM
04-01-2009 08:49 PM
04-02-2009 10:23 AM
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.
04-02-2009 11:24 AM
04-02-2009 11:28 AM
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.
04-02-2009 05:34 PM
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
04-02-2009 06:09 PM
Call the backdoor number (corporate offices), thats what I did and they turned around their decision and approved me.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.