12-11-2012 11:31 AM
TU fico on here is 613. (EQ is 601)
I have 5 CAs, 3 of which are paid.
Installment loans are all student loans in deferrment, 3 have 2 late payments almost 2yrs old.
No open CCs
2 HSBC chargoffs from 2008
Do I stand a chance?
12-11-2012 11:53 AM
I app'd for Walmart card back in June with no revolving accounts only an installment loan in good standing and was shot down. Try Cap1. They might do a starter card with low CL.
12-11-2012 11:57 AM
Definitely borderline.... Start with C1 as suggested above, or a secured card. I think you have a much better chance if your TU is >620
12-11-2012 12:03 PM
Yeah.... forgot to mention secured. That's exactly what I did after getting shot down by Wally. I put $1K in a BOA acct to get a secured card with same CL. It won't take long if you use the card wisely. 6 months and you should see a noticeable jump. I did.
12-11-2012 12:18 PM
It's borderline. I was at 638 for TU98 on here and got $600 limit. I had three open CC's at the time. I like the secured idea, maybe BOA or USBank or a local CU, wait 60 days even and I think your score will probably rebound by then. Especially given the movement you've had recently.
|Chase Freedom $9500|
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
|Lowe's CC $8500|
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
12-11-2012 12:21 PM
Thanks everyone, I will talk with my CU and see what they offer. I know the one I am a member of does not have secured cards, but it's a small branch where even the manager knows your name so maybe they have some magic they can work. If not, I'll check out Cap1 ...
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.