Reply
Contributor
Posts: 92
Registered: ‎09-23-2012
0

What are my chances for Discover??

[ Edited ]

Question.....if I was pre approved for discover what are the chances a final approval will happen especially when I had discover charge offs in 2008 that were since paid/settled in 2010...don't want to waste a HP 


Starting Score: 720
Current Score: 626
Goal Score: 700


Take the FICO Fitness Challenge
Moderator Emeritus
Posts: 10,924
Registered: ‎12-30-2011
0

What are my chances for Discover??

[ Edited ]

jmco wrote:

Question.....if I was pre approved for discover what are the chances a final approval will happen especially when I had discover charge offs in 2008 that were since paid/settled in 2010...don't want to waste a HP 


Shouldn't be an issue to my knowledge.  Discover is very generous with giving people second chances from what I've read here anecdotally, including to folks that had chargeoffs that were never resolved. 

 

For others to chime in, I'll request this get moved to a seperate thread.

 

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 693, EQ 8 685, TU 705, EX 709 (02/27/15)
Goal Score: 700 on EQ 04 (01/01/16)


Take the myFICO Fitness Challenge
Senior Contributor
Posts: 4,189
Registered: ‎03-24-2008
0

Re: What are my chances for Discover??

 "OP, I split your post to form a new one here. I had to edit the title, but changed nothing else. If you'd like to change the title, click "Options" and then "Edit Message".

FICO's Oct 2013 TU711 EQ713 EX723~~Live below your means and always keep an emergency fund -Love Everybody ~ Big Kenny ~ Big and Rich ~~~~~Credit Scoring 101 - Common Abbreviations - Freq Req Threads - Free Credit Reports - What Steps Do I Take?DV? PFD?
Epic Contributor
Posts: 24,274
Registered: ‎10-23-2007
0

Re: What are my chances for Discover??

If you got Pre-Approved I have not seen that not be an instant approval! DO IT!

Fico Scores: EQ- 670., TU 705 Sync, EX 700 (04/20/15)
I'm just trying to catch up to RON1
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
83 Cards and Counting :smileytongue:
Senior Contributor
Posts: 6,260
Registered: ‎08-16-2012
0

Re: What are my chances for Discover??

depends on your score, I'd say... I wouldn't do it if you aren't at least at 620 or so.. even then... idk...

Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Established Contributor
Posts: 710
Registered: ‎06-01-2012
0

Re: What are my chances for Discover??

We have almost the same scenario.. Charge off in 2008 and paid in 2010... I dont know how much your debt with them was, but mine was $573. My score was 663, it was a TU pull from them,  AAOA was 4 years, declined due to previous account status.

 

Hopefully yours will be different. Im opted out, so I dont get pre-approvals. That sounds like a good thing to me though. Id try it!

In my wallet: GCU Patinum Visa 1500 CL, Charter One Platinum Rewards 500 CL, Chase Freedom 800 CL, Wal Mart Discover Card 6300 CL, Kay Jewelers 3000 CL
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: What are my chances for Discover??

Pre approval is most certainly not a guaranteed approval. It's strictly YMMV.



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
Posts: 1,959
Registered: ‎08-13-2007
0

Re: What are my chances for Discover??


LS2982 wrote:
Pre approval is most certainly not a guaranteed approval. It's strictly YMMV.

+1 - you score seems a bit low to me for a Discover. I would think twice about this - even with your pre-approval!

 

Ray

** Every Card has a Job, and Every Card does its Job **

Contributor
Posts: 92
Registered: ‎09-23-2012
0

Re: What are my chances for Discover??

thanks for putting this in it's own thread - sorry about making that mistake!

 

and thanks to everyone else for the input.. I am going to wait a while and continue to work on the reports to clear stuff up before going that route... don't want to waste a HR!

 

:smileywink:


Starting Score: 720
Current Score: 626
Goal Score: 700


Take the FICO Fitness Challenge
Established Contributor
Posts: 930
Registered: ‎06-12-2012
0

Re: What are my chances for Discover??

Is your current score really 561?

JP Morgan Select $10k | Citi TY Premier $15k | BofA AMEX $15k | Chase Freedom $20k | Discover IT $10k | Barclay Arrival+ 25k | AMEX SPG $10k | NASA Platinum-Advantage $10k | CapOne Quicksilver $5k | Amazon Card $10k | Chase Auto 1.49% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. 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.