Credit Cards

[Cranski]

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jsucool76 wrote:
My TU when i activated the card (through the free TU08 ) was 655. I had 13 inqs on TU alone and was approved for $500. At the time my highest limit reported was 600, i dont know if it would have made a difference had my cap1 been reported at the time.

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Really..... really?  If I had a 3k card, and could app before and after and it made no difference...  I'd have to give walmart a call.

[jsucool76]

I cobsidered calling and asking them to up it since my cap1 reported now but im just too nervpus they'll be like "YOU SHALL NOT PASS" -confiscates cards-

[Dapper_Dan]

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Cranski wrote:

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jsucool76 wrote:
My TU when i activated the card (through the free TU08 ) was 655. I had 13 inqs on TU alone and was approved for $500. At the time my highest limit reported was 600, i dont know if it would have made a difference had my cap1 been reported at the time.

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Really..... really?  If I had a 3k card, and could app before and after and it made no difference...  I'd have to give walmart a call.

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WalMart just started reporting... SW change = NONE.  My score, with 3 hard pulls and 2 new TL (Cap1 and WM) is still 577.

[Unoriginalnj]

Any information on how many hard pulls and what cra they're using? Great thread so far guys - definitely good information for not only myself but others.

[jsucool76]

GECRB always pulls TU. I had 12 or 13 inqs on TU when they approved me. All less than a year old.

[tbolt2]

I was approved for 500 in Dec 2010 with a judgement from 2006 and another Jan 2010. At the time I also had very few inquiroes and no collections. I was just starting my rebuild.

GECRB issued cards from Walmart, Amazon, JCPenney, etc seem to be easy to get.

Two things you need to pay close attention to with GECRB if you get any of their cards and your scores are low: new negatives on your CR and high utilization.

GECRB is very good about CLI's and your cards will grow quickly if no new negatives appear on your credit report and your utilization is low. About 6 months after getting several GECRB cards, three collections showed up on my report .......5 years after they should have appeared. They will drop off at the 7 year mark in Jan 2013. My utilization has also been very high. All the luv that GE shows every four months - either automatically or requested by me -  gone. I've had no credit limit increases since those negatives, and it's been about a year.

However...... 

My utilization is down, my FICO score is up and yesterday, they approved me for Lowe's card with a 300.00 limit.

[kobe2012]

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Dapper_Dan wrote:

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kobe2012 wrote:

My score was 607 or lower when i got approved last May...starting CL was $500 and it was auto increased to $900 in less than 3 months.... Next month is my 4th month and will see if i can get an increase again..... I had 5 collections, 4 chargeoffs at the time of approval.. Besides cap one, GE is the only one who would approve me

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Did you use you card at all?  Or did they give you an increase with no activity?

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I used about $250 for first two months and left a balance 

[Unoriginalnj]

So far I'm liking my odds. Keep the information coming, hopefully it's helping others

[Jlu]

Approved for $500 this month w/ 635 EQ/650 TU with 18 inquiries, 2 CO's from 2007 and 1 60-day late from 2007.

Approved $600 for Amazon a few minutes later, same stats +1 inquiry.

[Movin_on_up]

This is all great info.  Thanks everyone!