10-13-2012 09:23 PM
I apped (10/3) & instantly approved for Zappos Visa from Chase, decided to risk a hard inq by apping for the Chase Freedom on 10/10 and got the "notify you within 30 days" thing. Decided to call the backdoor number and after being on the phone with a super sweet rep for 10 minutes, NOPE! They won't budge. She said my debt has gone up "aggressively" the past 18 months and I should try when my cards that have balances, go down.
*sigh* OH WELL. I'll be trying again in summer 2013.
10-14-2012 12:23 AM
Per Experian, I'm using 34% of my overall credit. She also mentioned my delinquency I have which I explained to her was a medical bill that I paid in 2009 and it's scheduled to disappear within the next year. I still have a copy of my Experian credit report from 2009 and it says the medical collection is shceduled to be taken off June 2013, which makes me even happier. Disappointed the recon didn't work, it was my first time doing one too!
10-14-2012 05:55 AM
Have you tried a 2nd recon? 34% isn't that high of util. but it isn't good either when apping for new credit.
Chase told my brother that they like to see less than 30%. He also had a late payment within six months though. There is no harm in trying again, but I would wait until utilisation goes down and the delinquency comes off for better chances at a nicer limit.
10-14-2012 09:56 AM - edited 10-14-2012 09:57 AM
You should try reconing again. 34% UTL isnt that high and if your only collection is your medical bill...I don't see why they wouldn't approve you.
I had the same issue a few days ago. Applied for Chase Freedom and was instantly approved. Few days later...applied for Chase Amazon and got the 30 message. It was approved the next day without reconn.