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Established Contributor
corymcd88
Posts: 898
Registered: ‎12-12-2011
0

WalMart Card

A friend of mine has a 649 TU score w. Some good TL, 69% LULL on all cards. He has one CO that will come off 11/12 and one Collection 11/12 that will come off and should increase his score, then he will be left with One collection will come off 09/15 and one in 08/13. After the two accounts come off what are the chances for Walmart card or Discover?

Walmart / SYNCB - 4,500/7,500 | JCP MasterCard / SYNCB - 4,000 | Dillard's / SYNCB - 5,000 | Amazon / SYNCB - 1,500 | Chevron / SYNCB - 1,000 | Belk / SYNCB - 3,000 | Aeromexico Visa / US Bank - 300 | Capital One - 500/1,700 | Bank Of America 123 Cash Back - 2,500 | Wells Fargo - 300 |AMEX ZYNC - NPSL | AMEX Hilton HHonours - 2,000 | USAA AMEX - 250 | PenFed Platinum Rewards Visa Signature - 18,400 | PenFed Travel Rewards AMEX - 5,000.
Valued Contributor
armbenderc
Posts: 1,339
Registered: ‎09-11-2012
0

Re: WalMart Card


corymcd88 wrote:

A friend of mine has a 649 TU score w. Some good TL, 69% LULL on all cards. He has one CO that will come off 11/12 and one Collection 11/12 that will come off and should increase his score, then he will be left with One collection will come off 09/15 and one in 08/13. After the two accounts come off what are the chances for Walmart card or Discover?


From what I read on here, your friend should apply for wal-mart card now at the STORE and not online. It seems the chances are better at the strore.

 

The card will definately grow with your friend's credit score even if you get approve for $200-300. Plus, a free TU fico score monthly.

 

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
New Contributor
pinoyscorpion951
Posts: 61
Registered: ‎09-03-2012
0

Re: WalMart Card

Once those baddies come off, I would say the chances are pretty good. I have been recommending that people apply in store but YMMV. I applied for the Walmart Card in July of this year online and was denied. Applied 90 days later during a special promotion and applied IN THE STORE (zero percent financing on electronics over $429 dollars). Made up a bogus story about wanting to buy a tv and take advantage of the promo. I also applied in the electronics section as opposed to checkout thinking I might get a higher initial credit limit. IT WORKED! Approved for $2100 dollars. I immediately called the backdoor underwriters number and got it increased to $3700. I highly encourage people to apply IN THE STORE. The approval odds and credit limits are much better. I'm 13 months post BK7 with a 659 TU (Walmart FICO). Still have a few baddies from 4 years ago. Annual income 80,000. 20 inquiries on TU when I applied!!!!!! Numerous new accounts and still got approved. YMMV but my gut instinct is that an approval is forthcoming.

Valued Member
gemntheholigram
Posts: 60
Registered: ‎08-23-2011
0

Re: WalMart Card

I have a 700 (which isnt good) but my walmart card is at 22.9%.

I have never had any bankruptcy's, high debt or anything. So be careful with them. I do know that the lowest is 300 dollars to start out with. good luck!

Frequent Contributor
scarrollprint
Posts: 382
Registered: ‎06-26-2012
0

Re: WalMart Card


gemntheholigram wrote:

I have a 700 (which isnt good) but my walmart card is at 22.9%.

I have never had any bankruptcy's, high debt or anything. So be careful with them. I do know that the lowest is 300 dollars to start out with. good luck!


People on here have reported $150 and $200 Cl....so 300 isn't the LOWEST they'll start you out with; but at least they do supposedly grow very easily and gernerosly over the months/years.

 



Current: Eq- 624 Ex - 631 (lender pulled) TU - 661 (lender pulled)
Goal 700+ across all three
Established Contributor
corymcd88
Posts: 898
Registered: ‎12-12-2011
0

Re: WalMart Card


scarrollprint wrote:

gemntheholigram wrote:

I have a 700 (which isnt good) but my walmart card is at 22.9%.

I have never had any bankruptcy's, high debt or anything. So be careful with them. I do know that the lowest is 300 dollars to start out with. good luck!


People on here have reported $150 and $200 Cl....so 300 isn't the LOWEST they'll start you out with; but at least they do supposedly grow very easily and gernerosly over the months/years.

 


You think that his chance is good?

Walmart / SYNCB - 4,500/7,500 | JCP MasterCard / SYNCB - 4,000 | Dillard's / SYNCB - 5,000 | Amazon / SYNCB - 1,500 | Chevron / SYNCB - 1,000 | Belk / SYNCB - 3,000 | Aeromexico Visa / US Bank - 300 | Capital One - 500/1,700 | Bank Of America 123 Cash Back - 2,500 | Wells Fargo - 300 |AMEX ZYNC - NPSL | AMEX Hilton HHonours - 2,000 | USAA AMEX - 250 | PenFed Platinum Rewards Visa Signature - 18,400 | PenFed Travel Rewards AMEX - 5,000.
Regular Contributor
luckelle
Posts: 168
Registered: ‎12-05-2007
0

Re: WalMart Card

heck yea? I got one with 150 to start then same day amazon with 600. with my rebuild status and scores, yes he will be approved. let me say this I havnt had any lates for the last 2 years. If he has no resent late I would have him apply yesterday.:smileyhappy:

Starting Score: 5/2012 TU 595, EQ 565, EX fako 547
Current Score:as of 9/2012, TU 626,Walmart 612, EQ 600, EX fako 623
Goal Score: 640 by dec 2013
BofA Au 13000, Amazon 600, Capt1 300, Walmart 150
When all else fails pay it!


Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: WalMart Card


corymcd88 wrote:

A friend of mine has a 649 TU score w. Some good TL, 69% LULL on all cards. He has one CO that will come off 11/12 and one Collection 11/12 that will come off and should increase his score, then he will be left with One collection will come off 09/15 and one in 08/13. After the two accounts come off what are the chances for Walmart card or Discover?


I would recommend waiting until the 2 collections are off his reports then applying in store.

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Valued Contributor
rootpooty
Posts: 1,772
Registered: ‎10-28-2011
0

Re: WalMart Card

I was denied with a 686 tu score sold here with only 6 mos history and 4 positive trade lines reporting. Only had one small baddie that falls off early 2013. My denial letter stated collection account. I applied online. However with the holidays inching towards us I'm sure the approval criteria will go up applying in store.
NFCU plat 5k | NAVCHECK 5k | NFCU cashrewards 15k | BOFA 123 6k |
Chase Freedom 1.5k | Amazon 3K | Walmart 3K | Buckle 300 | AMEX BCE 2.5K | CHASE CSP 12K | CITI sears 6k | Kay 2k

On the prowl for Chase Sapphire Preferred! APPROVED 12K!
scores 7/14 647 622 630 (85%util)
scores 8/14 767 760 758 Boom! finally in the 700 club
Established Contributor
corymcd88
Posts: 898
Registered: ‎12-12-2011
0

Re: WalMart Card

Thanks everyone that what i was thinking but wanted to ask other people. I think it comes from reading the fourms!! I have learned a lot!!

Walmart / SYNCB - 4,500/7,500 | JCP MasterCard / SYNCB - 4,000 | Dillard's / SYNCB - 5,000 | Amazon / SYNCB - 1,500 | Chevron / SYNCB - 1,000 | Belk / SYNCB - 3,000 | Aeromexico Visa / US Bank - 300 | Capital One - 500/1,700 | Bank Of America 123 Cash Back - 2,500 | Wells Fargo - 300 |AMEX ZYNC - NPSL | AMEX Hilton HHonours - 2,000 | USAA AMEX - 250 | PenFed Platinum Rewards Visa Signature - 18,400 | PenFed Travel Rewards AMEX - 5,000.

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