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

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
Revelate
Posts: 8,463
Registered: ‎12-30-2011

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 04 679, EQ 8 708, TU 711, EX 702* (07/14/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


Take the myFICO Fitness Challenge
Moderator
LIGHTNIN
Posts: 4,049
Registered: ‎03-24-2008

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?
Mega Contributor
Creditaddict
Posts: 18,959
Registered: ‎10-23-2007

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 657 Cabelas, TU 653 Barclay, EX 699 Wells (07-27-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Express $300
Over 30 Cards in between :smileytongue:
Senior Contributor
youngandcreditwrthy
Posts: 6,154
Registered: ‎08-16-2012

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| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k| West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Established Contributor
jcstarkey8826
Posts: 704
Registered: ‎06-01-2012

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
LS2982
Posts: 15,434
Registered: ‎04-09-2011

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
RockinRay
Posts: 1,939
Registered: ‎08-13-2007

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
jmco
Posts: 92
Registered: ‎09-23-2012

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
Jlu
Posts: 569
Registered: ‎06-12-2012

Re: What are my chances for Discover??

Is your current score really 561?

Wallet: JP Morgan Select Visa Signature $10k | Chase Sapphire Preferred $7k | Citi ThankYou Premier Visa Signature $5700 | AMEX Premier Rewards Gold Card | Barclaycard Visa $5k | Discover IT $10k | Chase Freedom Visa $3k | Capital One Quicksilver $3k | Bank of America Cash Rewards Visa Signature $8k | Walmart Store $5k | Amazon Store $10k | Chase Total Checking |

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+