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SnowBowl
Posts: 136
Registered: ‎01-24-2013
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Okay, need help with wording

[ Edited ]

Alright, This is a great forum! it has helped me plenty!!  I wanna save an INQ if I think I know the meaning of this..  when I see  credit history clear of serious delinquencies or bankruptcies message on chase app page does this means no recent BK  such as no fresh BK within 12 to 24 months old ? or does my BK have to fall off completely on all CRA's ? ( 3 more years, I think for my BK to fall off completely )   


Starting Score: 680
Current Score: MyFICO 721 Credit Karma 692 Discover IT 698 WM 698 Discover 1K merrick bank 2.9K Juniper 4.6K Apple Visa 3.2K WM $1.4K and couple of other accounts I forget off hand.
Goal Score: 740 and a Visa Siggy 5K+ CL


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Valued Contributor
FinStar
Posts: 6,588
Registered: ‎10-21-2012
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Re: Okay, need help with wording


SnowBowl wrote:

Alright, This is a great forum! it has helped me plenty!!  I wanna save an INQ if I think I know the meaning of this..  when I see  credit history clear of serious delinquencies or bankruptcies message on chase app page does this means no recent BK  such as no fresh BK within 12 to 24 months old ? or does my BK have to fall off completely on all CRA's ? ( 3 more years, I think for my BK to fall off completely )   


The Chase application form clearly states "Is your credit history clear from bankruptcies and/or seriously delinquent accounts?"; which essentially means at any given time.  If you select "yes" and there is evidence of such negative information, the application will not be approved.

 

Unless your credit profile is fairly solid with decent scores, no other negative information and your utilization is low, then there may be a possibility that you can have them reconsider the decision.  Ultimately, this varies by individual and not everyone is successful on those efforts.  However, if Chase was included in your bankrucpy, then it will be a no go.

 

Contributor
SnowBowl
Posts: 136
Registered: ‎01-24-2013
0

Re: Okay, need help with wording


FinStar wrote:

SnowBowl wrote:

Alright, This is a great forum! it has helped me plenty!!  I wanna save an INQ if I think I know the meaning of this..  when I see  credit history clear of serious delinquencies or bankruptcies message on chase app page does this means no recent BK  such as no fresh BK within 12 to 24 months old ? or does my BK have to fall off completely on all CRA's ? ( 3 more years, I think for my BK to fall off completely )   


The Chase application form clearly states "Is your credit history clear from bankruptcies and/or seriously delinquent accounts?"; which essentially means at any given time.  If you select "yes" and there is evidence of such negative information, the application will not be approved.

 

Unless your credit profile is fairly solid with decent scores, no other negative information and your utilization is low, then there may be a possibility that you can have them reconsider the decision.  Ultimately, this varies by individual and not everyone is successful on those efforts.  However, if Chase was included in your bankrucpy, then it will be a no go.

 


Thanks.. got it..  2008 BK is recorded on all 3 CRA... so even if Chase does approve me it would most likely to be a toy limit, right?  yes, there no neg infomation on all 3 CRA's beside BK.  which chase card do you recommend me to try to apply for?  Freedom? or Disney Card?


Starting Score: 680
Current Score: MyFICO 721 Credit Karma 692 Discover IT 698 WM 698 Discover 1K merrick bank 2.9K Juniper 4.6K Apple Visa 3.2K WM $1.4K and couple of other accounts I forget off hand.
Goal Score: 740 and a Visa Siggy 5K+ CL


Take the myFICO Fitness Challenge
Moderator
09Lexie
Posts: 26,283
Registered: ‎09-13-2012
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Re: Okay, need help with wording

I was approved with a 2006 paid State tax lien with Freedom. They did not question the lien, only my inq's. YMMV
Contributor
SnowBowl
Posts: 136
Registered: ‎01-24-2013
0

Re: Okay, need help with wording


09Lexie wrote:
I was approved with a 2006 paid State tax lien with Freedom. They did not question the lien, only my inq's. YMMV

Thanks, whats a good company for buying credit freeze? I noticed people talk about it on here $10 each time to unfreeze / freeze it..  I might need it :smileyvery-happy: just looking for 1 more account to add before going to garden


Starting Score: 680
Current Score: MyFICO 721 Credit Karma 692 Discover IT 698 WM 698 Discover 1K merrick bank 2.9K Juniper 4.6K Apple Visa 3.2K WM $1.4K and couple of other accounts I forget off hand.
Goal Score: 740 and a Visa Siggy 5K+ CL


Take the myFICO Fitness Challenge
Valued Contributor
FinStar
Posts: 6,588
Registered: ‎10-21-2012
0

Re: Okay, need help with wording


SnowBowl wrote:

FinStar wrote:

SnowBowl wrote:

Alright, This is a great forum! it has helped me plenty!!  I wanna save an INQ if I think I know the meaning of this..  when I see  credit history clear of serious delinquencies or bankruptcies message on chase app page does this means no recent BK  such as no fresh BK within 12 to 24 months old ? or does my BK have to fall off completely on all CRA's ? ( 3 more years, I think for my BK to fall off completely )   


The Chase application form clearly states "Is your credit history clear from bankruptcies and/or seriously delinquent accounts?"; which essentially means at any given time.  If you select "yes" and there is evidence of such negative information, the application will not be approved.

 

Unless your credit profile is fairly solid with decent scores, no other negative information and your utilization is low, then there may be a possibility that you can have them reconsider the decision.  Ultimately, this varies by individual and not everyone is successful on those efforts.  However, if Chase was included in your bankrucpy, then it will be a no go.

 


Thanks.. got it..  2008 BK is recorded on all 3 CRA... so even if Chase does approve me it would most likely to be a toy limit, right?  yes, there no neg infomation on all 3 CRA's beside BK.  which chase card do you recommend me to try to apply for?  Freedom? or Disney Card?


Correct - if Chase reconsiders a previous decision then there is a possibility of obtaining a small limit (typically $500) and high APR terms.  However, this will depend on your individual situation (i.e. income, credit profile/history, etc).  If you go via the reconsideration route, you may need to provide them a decent explanation as to why/how the card/relationship will be of value, explain your BK situation, etc.


As far as product choices, it would depend on your financial and/or rewards goals.  The Chase Freedom is a lot easier to obtain than the Disney version based on the underwriting criteria.  If you are approved for the Freedom, you can establish some history with it and apply for the Disney version after 12 months.

 

Best of luck!

Moderator
09Lexie
Posts: 26,283
Registered: ‎09-13-2012
0

Re: Okay, need help with wording


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