08-16-2012 09:29 AM
08-16-2012 10:05 AM
Ok folks, here's my current situation:
Ex: 619, EQ: 661: TU: 670 (all FAKO, except EX which I got from BMW denial).
EQ and TU are clean except for 1- 30day late on Bloomingdales card from 2010.
EX still has 2 charge offs (HSBC, chase) both from 2006-2008 that I am currently GW and disputing.
Inquiries: BMW from 1 month ago, Chase freedom denial from last winter (9 months), 2 from TD a year ago.
My only positive tradelines are TD bank secured card for almost 1 year, and old closed Zales charge card (interestingly renamed to Citibank recently).
I'm trying hard to wait till the COs on EX come off before I start, but very anxious!
I only really want two things, Amex BCP and Chase Freedom. So I intend to app for:
Walmart store card (GE)
Amazon store card (GE)
Zync is to get my foot in the door, Freedom because I really want it, and the GE cards for the periodic CLI. I also want to join 2 credit unions for interest checking/savings, but they do hard pulls.
How does my strategy look? Do I stand a high chance of approvals? What else should i app for? I don't want to waste hard pulls, and I really need to rehab my credit ASAP. Will be looking for mortgage in 1-2 years.
I would apply in this order too (the credit card list first) followed by the 2 CU's and if they are HP's, ask if they can use that same INQ for any credit apps (Make the most of it if you can!)
I don't think you will get Chase but won't hurt and you can recon a couple times...
08-16-2012 10:32 AM - edited 08-16-2012 10:37 AM
First of all, you need to find out your real FICO scores, as you say those listed are FAKO's (except EX). I would say if you CO Chase in the past , you may not get in with them (possibly on a re-con). Why did they deny you when you apped 9 mos ago, and did you take care of the things listed in the denial letter?
Also, EX is your worst score, and you still have baddies reporting, so Zync is not guaranteed either. The GE cards will likely pull TU, and that score is decent. I would app for the GE cards, and then chill out until at least until the baddies are resolved on EX then I would do the Zync.
You should research the cards you want once you know your true FICO's, and make sure your scores/reports are in line with what people have that are getting approved. You have a short file, with a few baddies, you cannot afford to waste INQ's for cards you cannot get.
08-16-2012 11:30 AM
08-16-2012 11:32 AM
IMO, you should be able to get the GECRB cards with a $400-$800 limit pretty easily, maybe the Zync, but the Freedom will be hard to get and will likely require use of the backdoor number(s). I almost got denied for my Chase Freedom because of high util on one card, even though my overall util. was around like 15%.
You should be able to build thicker credit lines with the GECRB cards in a year, then potentially get the Freedom with a larger limit.
08-16-2012 11:47 AM
You will get the two GE cards, albeit with low limits, but they will grow.
I would app the Zync, then GE cards, then freedom.
This way, if you are declined the zync, you will at least get your Ex score for free.
08-31-2012 03:35 PM