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.
Financed car @ 5.49% w/ DCU, Added DCU VIsa, Chase Freedom,
AMEX Gold and BCE, Lowe's
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 ...