Credit Cards

[MountainHiker]

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?

[toppers555]

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 .

[drkaje]

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

[visorboy1974]

Agree with avoiding them with anything unpaid.  

[MountainHiker]

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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 .

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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.

[MountainHiker]

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

[09Lexie]

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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?

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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 ?  

[MountainHiker]

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09Lexie wrote:

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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 ?  

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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.

[MovingForward_2012]

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

[MountainHiker]

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

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It could stay on your credit report longer.