Reply
New Contributor
EmmyWannabeOrman
Posts: 156
Registered: ‎08-02-2013
0

Would one baddie affect Chase's approval odds? Baddie friendly prime cards???

[ Edited ]

Would having one account in collections affect my Chase approval odds in the future? Which prime credit cards are baddie friendly to obtain? I have something that went to collections and the collection company (Midland) said even if I settled with them or PIF it would still remain on my CRs. That would be my only baddie.... Let's say in 6 months from now I'm interested in applying for Chase or Citibank card- would I get approved? I know inquires, age, utilization, and on-time payments are a factor, but let's say I nailed those areas...  Would I declined for one PIF collection baddie? Am I doomed from Because of one baddie??

EX Fico:675 TU Fico:650 EQ Fico:622
Cap One QS1 750, NFCU 7000, NavChek 6500, Cap One secured 750, IFCU 1000, IFCU (overdraft line of credit) 1000, Express 1100, NY&Co 750, Victoria's Secret 750, Exxon/Mobil 300, Zales 500, Kay's 900, Walmart 800, Bloomingdales 800, Belks 350, Paypal Smartconnect 750
Senior Contributor
drkaje
Posts: 3,492
Registered: ‎07-25-2008
0

Re: Would one baddie affect Chase's approval odds? Baddie friendly prime cards???

It may have changed but Chase apps used to have something about significant delinquencies within 2 years.

 

May be better to try negotiating a PFD with Midland. That would pretty-up your report!


Starting Score: 675
Current Score: EX 754 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


Take the FICO Fitness Challenge
New Contributor
EmmyWannabeOrman
Posts: 156
Registered: ‎08-02-2013
0

Re: Would one baddie affect Chase's approval odds? Baddie friendly prime cards???

They say they won't 

EX Fico:675 TU Fico:650 EQ Fico:622
Cap One QS1 750, NFCU 7000, NavChek 6500, Cap One secured 750, IFCU 1000, IFCU (overdraft line of credit) 1000, Express 1100, NY&Co 750, Victoria's Secret 750, Exxon/Mobil 300, Zales 500, Kay's 900, Walmart 800, Bloomingdales 800, Belks 350, Paypal Smartconnect 750
Valued Contributor
dodgerslv
Posts: 1,759
Registered: ‎06-16-2012
0

Re: Would one baddie affect Chase's approval odds? Baddie friendly prime cards???


EmmyWannabeOrman wrote:

Would having one account in collections affect my Chase approval odds in the future? Which prime credit cards are baddie friendly to obtain? I have something that went to collections and the collection company (Midland) said even if I settled with them or PIF it would still remain on my CRs. That would be my only baddie.... Let's say in 6 months from now I'm interested in applying for Chase or Citibank card- would I get approved? I know inquires, age, utilization, and on-time payments are a factor, but let's say I nailed those areas...  Would I declined for one PIF collection baddie? Am I doomed from Because of one baddie??


I have one collection that was reported on my EX and TU reports back in April 2011. It still reports of course, its a 56 dollar utility collection. I got approved for my first prime card back in August of 2012 (with Discover). In March of 2013 i got approved for Amex followed by Citi and BofA. In May i got my first visa signature (chase marriott). So depending on what kind of collection it is and the amount i would wait at least a year before going for Chase. You can try after 6 months but you may have to recon the application and have a good reason why that collection appeared recently. As others have suggested i would write a good will letter to midland and ask them if they can delete the collection if you pay the original amount in full. Dont call them, just keep sending them letters and hopefully they will respond back and agree. Sometimes it takes persistence to get this agencies to finally cave in.


Cards: (Citi x6) (Chase x5) (US Bank x3) (Amex x3) (Barclays x3) (BofA x3) (Cap1 x2) (WF x2) (Penfed x1) (Discover x1) (Sync/GE x4) (Macys x2)
Fico 08 scores (8/27/14) EX: 772 TU: 767 EQ: 778 (Utilization at 8% right now).





Super Contributor
enharu
Posts: 6,889
Registered: ‎02-27-2013
0

Re: Would one baddie affect Chase's approval odds? Baddie friendly prime cards???

For chase it seems to be no major derog in past 2 or 3 years, and no derogs in general in the past 6 months.

If the collection is fairly new, its best you wait. Even if you somehow manage to convince the analyst to approve you, you are most likely going to get a high apr and low CL. Chase rarely ever lower apr.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
New Contributor
EmmyWannabeOrman
Posts: 156
Registered: ‎08-02-2013
0

Re: Would one baddie affect Chase's approval odds? Baddie friendly prime cards???

Thanks for the advice. I hear they never delete, but with age on collections maybe I have a chance. I "owe" $669.00, is that more damaging since it's a higher balance ?

EX Fico:675 TU Fico:650 EQ Fico:622
Cap One QS1 750, NFCU 7000, NavChek 6500, Cap One secured 750, IFCU 1000, IFCU (overdraft line of credit) 1000, Express 1100, NY&Co 750, Victoria's Secret 750, Exxon/Mobil 300, Zales 500, Kay's 900, Walmart 800, Bloomingdales 800, Belks 350, Paypal Smartconnect 750

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
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+