cancel
Showing results for 
Search instead for 
Did you mean: 

WILL DISCOVER TURN ME DOWN IF.....

Established Contributor

WILL DISCOVER TURN ME DOWN IF.....

I have a 2 year old unpaid collection($818 phone bill) on my file? I'm tempted  to app for a card with them.What are my odds?

EQ-732FICO,EX-PLUS 740,TU-725FICO
Goal 750 Across

NFCU Signature Cash Rewards Visa, Chase Freedom Visa, Wells Fargo Visa Secured
Message 1 of 26
25 REPLIES
Established Contributor

Re: WILL DISCOVER TURN ME DOWN IF.....

My scores are pretty simliar to your ,and  discover decline me about 2 months ago due to a judgement, and unpaid collection that both fall off in may. utilization was 3% on about 20k of available credit I have.  no lates on my TU report. They told me to pay collection ,and they would be able to reconsider. I declined as it falls off in a few months, anf I am not about to risk reaging the account for a credit  card I really do not need .



TU 715 No apps to 05/13 cash+ 5/13!!! 738 TU CSP April 13!!!CSP approved May 13!!!


Message 2 of 26
Senior Contributor

Re: WILL DISCOVER TURN ME DOWN IF.....

I'd probably hold off on Discover with any unpaid collections.


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


Take the FICO Fitness Challenge
Message 3 of 26
Valued Contributor

Re: WILL DISCOVER TURN ME DOWN IF.....

Agree with avoiding them with anything unpaid.  

FICO Scores Updated 07/15 EQ08 748 EX08 748 TU08 818
Message 4 of 26
Established Contributor

Re: WILL DISCOVER TURN ME DOWN IF.....


toppers555 wrote:

My scores are pretty simliar to your ,and  discover decline me about 2 months ago due to a judgement, and unpaid collection that both fall off in may. utilization was 3% on about 20k of available credit I have.  no lates on my TU report. They told me to pay collection ,and they would be able to reconsider. I declined as it falls off in a few months, anf I am not about to risk reaging the account for a credit  card I really do not need .


Wise decision about not paying the collection.It's better to address it after the 7 year period has concluded. That is EXACTLY why I have not paid off my collection.It falls off in 3 months this march. Thanks for the advice on Discover. My scores are iffy at best for Discover requirements but a collection makes it difficult. It would seem that not only are credit unions more forgiving but many are just as good as the top prime cards. At this point I want NFCU, a Discover card and will focus on growing my Freedom card. That is really all I need.

EQ-732FICO,EX-PLUS 740,TU-725FICO
Goal 750 Across

NFCU Signature Cash Rewards Visa, Chase Freedom Visa, Wells Fargo Visa Secured
Message 5 of 26
Established Contributor

Re: WILL DISCOVER TURN ME DOWN IF.....

Its tough having a itchy trigger finger. March will be here soon. I wonder which card is harder to get, Discover or USAA?

EQ-732FICO,EX-PLUS 740,TU-725FICO
Goal 750 Across

NFCU Signature Cash Rewards Visa, Chase Freedom Visa, Wells Fargo Visa Secured
Message 6 of 26
Moderator Emerita

Re: WILL DISCOVER TURN ME DOWN IF.....


MountainHiker wrote:

I have a 2 year old unpaid collection($818 phone bill) on my file? I'm tempted  to app for a card with them.What are my odds?


I apped for them in late October and was declined. When I called to recon they had an issue with my 6-1/2 year old unpaid co for $380. There was no getting around it cause I sure in the hell wasn't paying it since it drops of in March. PayPal MasterCard and Nordstrom didn't mind it siting there so why should I ? Smiley Very Happy 

 

Message 7 of 26
Established Contributor

Re: WILL DISCOVER TURN ME DOWN IF.....


09Lexie wrote:

MountainHiker wrote:

I have a 2 year old unpaid collection($818 phone bill) on my file? I'm tempted  to app for a card with them.What are my odds?


I apped for them in late October and was declined. When I called to recon they had an issue with my 6-1/2 year old unpaid co for $380. There was no getting around it cause I sure in the hell wasn't paying it since it drops of in March. PayPal MasterCard and Nordstrom didn't mind it siting there so why should I ? Smiley Very Happy 

 


Its risky paying a collection so close to the time its suppose to fall off a credit report.Better to pay it after its removed if the dated old. account.

EQ-732FICO,EX-PLUS 740,TU-725FICO
Goal 750 Across

NFCU Signature Cash Rewards Visa, Chase Freedom Visa, Wells Fargo Visa Secured
Message 8 of 26
Valued Contributor

Re: WILL DISCOVER TURN ME DOWN IF.....

I'm new to stuff like this. What is the risk of paying the collection before it falls off?
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Message 9 of 26
Established Contributor

Re: WILL DISCOVER TURN ME DOWN IF.....


MovingForward_2012 wrote:
I'm new to stuff like this. What is the risk of paying the collection before it falls off?

It could stay on your credit report longer.

EQ-732FICO,EX-PLUS 740,TU-725FICO
Goal 750 Across

NFCU Signature Cash Rewards Visa, Chase Freedom Visa, Wells Fargo Visa Secured
Message 10 of 26