01-24-2013 07:58 PM
01-24-2013 10:02 PM
Sorry about the denial.
I think that you need to add at least 1 more credit card now though. I would suggest apping for a Walmart card. Your scores and history would give you a good chance of approval for that card. You have a very thin file and you need to start building it by having good credit report every month.
The Walmart card is serviced by GE and they are very generous with CLI over time and you get a free TU score every month after signing up for electronic billing.
The Cap1 card you have is a good starter card but they are terrible when it comes to CLI.
01-24-2013 10:07 PM
Sorry to hear about the denial!
If you weren't already, start counting down the days until that thing drops. You will be in a whole new playing field then, and I wish you luck.
And feel free to use this opportunity to get a free copy of your Experian report by selecting "denial or adverse action" on their site. It's always helpful to check it from time to time, even if you think you know what's on it.
+1 and yes I would try again after your BK drops........
02-04-2013 05:13 PM
Thanks to all of you. It was pretty depressing. I think I apped on the 24th of Jan and was so #*(&$#(*& to check my Experian on Feb 2 and see that the chap 13 dismissal had fallen off!!
So, I got brave tonight and called Amex to let them know that I pulled my EXP report on the 2nd and there was no Bk on there. The guy asked me to fax it to their media dept. Immediately, my app status changed from denied to in progress.
Is there any chance they will approve me at this point? My FAKO is showing a 730 with a collection from 2007. I have one revolving- Cap 1 and an amex from 1987 (just out of high school) and a discover from 1992 that had a 10K limit.
In the meantime, I got a couple of $500 limits with the shopping cart trick for Express and Victorias Secret. I shop at both places and will get the rewards and pay off when I use. It has not shown up on my credit as of now.
Keeping my fingers crossed but not allowing myself to get too excited- hoping for the best.
02-04-2013 05:19 PM
I have heard good things about the Amex review. I would check tomorrow morning to see if your status changes again to APPROVED! If it hasn't call in and talk to them. I feel positive about your situation.
02-04-2013 05:31 PM
Hi Tryon2improve- Thank you. I'll take all the happy thoughts I can get.
My only thought is if they keep a copy of the report they pulled on the 24th or if they will pull another or verify the info with EXP from the original. Do they ever pull from other bureaus in this situation?
02-04-2013 05:52 PM
Typically they will SP your report that you provided (and the one they pulled previously) verify the information and formulate a new score then make the credit decision. I don't think you will be triple pulled or have them pull another CB report. I had to provide a copy before when I applied for a CLI, and the changes that were on my report weren't enough to make a difference at the time (ie, 1 of 3 collections dropped off and so did a judgement). Good luck!
02-04-2013 06:46 PM
I dont even know what some posters here suggesting.I would not apply for amex with the current situation your in.You dont stand a chance in my opinion.Amex is one of the most conservatives lenders out there and they will deny you just for the ch13.alone.I am suprised at some poster here misleading you in to applying for something that is 100% deny.IMO
Good luck though
02-04-2013 07:15 PM
Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.
Minor vulgarity edit --Rev
02-04-2013 07:21 PM
Well I tried for the Delta Gold Skymiles- was thinking positive thoughts the whole time... and
came back as not approved. Went to the status page and said it was because of the dismissed chapter 13 that is coming off my report in freaking APRIL! I feel kind of dumb but really want to have some positive credit in my favor. Geez.
Guess I need to wait until the BK is gone in April before applying. They checked Experian. THanks guys! Hoping this will help someone else make their decision.
Live and learn. I was thrilled that my EX had gone up 109 points since October. Guess points are not all that matter.
At least you have your current Experian Fico now! Try again in a few months when it drops off and you will be approved!! It took me two tries to get my Amex. Congrats on your progess and don't feel dumb or take it personal.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. 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.