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Established Member
knockinitout
Posts: 18
Registered: ‎06-17-2009
0

from TU 530 in May 2009 to Chase Sapphire Preferred approval at $10k yesterday

[ Edited ]

Keep doing the work - it pays off!  They pulled Experian - currently at 716 with $8k reporting across 3 existing cards with combined cl's of $42k.  Decided to take a shot at the Sapphire Preferred based on the bonus offer and also knowing that just paying those other 3 cards down could bump me to the 740-760 range pretty quickly if I wanted to re-app.  Got the 10-day pending message (and that guilty feeling in the pit of my stomach for having possibly apped outside of my depth) then called the backdoor number last night and she said she could decision it on the spot.  Put me on hold for 2 minutes and came back with $10k approval!!

 

Read the boards.  FOLLOW the advice.  Focus on the process.  Celebrate and share.

 

:smileyhappy:

New Contributor
Lil_Me
Posts: 62
Registered: ‎06-30-2011
0

Re: from TU 530 in May 2009 to Chase Sapphire Preferred approval at $10k yesterday

Wow that is fantastic! I can not wait until it's my time..... :-) but I'm happy for you!



TU: 601
Since:
Kay Jeweler's $400/ Jared's $400/ Capital One Visa $750/ Credit One Visa $450/ Firestone $900/ Von Maur Card $500/ Fingerhut $1300/ Discover It $200/USAA AMEX $300
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Super Contributor
CS800
Posts: 6,548
Registered: ‎04-07-2008
0

Re: from TU 530 in May 2009 to Chase Sapphire Preferred approval at $10k yesterday

Great story. These are good to us rebuilders :smileyhappy:




Frequent Contributor
LadyRover
Posts: 259
Registered: ‎01-10-2012
0

Re: from TU 530 in May 2009 to Chase Sapphire Preferred approval at $10k yesterday

WOW!!  That is incredible.  I am so happy for you!!


Starting Score: 639 (Walmart TU)
Current Score: TU 668 EX 649 EQ 657 (All Lender Pull 1-13-2012)
Goal Score: 700 Across the Board (Mortgage Goal Achieved 1/31/2012!)


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Established Member
knockinitout
Posts: 18
Registered: ‎06-17-2009
0

Re: from TU 530 in May 2009 to Chase Sapphire Preferred approval at $10k yesterday

By FAR the best part of my rebuild was that I'd defaulted on 2 student loans and discovered the loan rehab offers that are available almost universally.  Called em up, got on a payment plan, automated the payments for about 18 months - then they orginiated as new loans in good standing but reported the original loan origination date giving me essentially 2 15 yr+ tradelines reporting in good standing in place of 2 defaulted loans - complete and utter game changer.

 

For those of you who have lots to fix - if student loans are part of the problem - that's the place to start.

Regular Contributor
RussianPassion
Posts: 168
Registered: ‎08-03-2011
0

Re: from TU 530 in May 2009 to Chase Sapphire Preferred approval at $10k yesterday

Congrats!

 

I have 2 questions for you.

 

What back door number did you call?

 

Can you elaborate on the student loan rehab program, please. I need to set something like that up for mu wife who has some bad old student loans.

Frequent Contributor
nwokcguy
Posts: 351
Registered: ‎01-07-2012
0

Re: from TU 530 in May 2009 to Chase Sapphire Preferred approval at $10k yesterday


knockinitout wrote:

By FAR the best part of my rebuild was that I'd defaulted on 2 student loans and discovered the loan rehab offers that are available almost universally.  Called em up, got on a payment plan, automated the payments for about 18 months - then they orginiated as new loans in good standing but reported the original loan origination date giving me essentially 2 15 yr+ tradelines reporting in good standing in place of 2 defaulted loans - complete and utter game changer.

 

For those of you who have lots to fix - if student loans are part of the problem - that's the place to start.


I went through loan rehab and mine are actually paid off now.  The lenders updated to paid as agreed but the servicing company is saying they don't have to.  Were you able to get the servicing company to update as well?


| EQ 763 |
| Amex BCE 7500 | Marriott Rewards Premier 5500 | Citi Simplicity 4000 | Discover IT 1700 |

Established Contributor
UpNComing
Posts: 684
Registered: ‎05-02-2008
0

Re: from TU 530 in May 2009 to Chase Sapphire Preferred approval at $10k yesterday

RussianPassion are your wifes student loans through Dept of Ed?  My wife did the rehab program with them.  She simply called and set up a repayment program to catch up her arrears.  Once she paid up they updated her report to paid as agreed.

CSP ($5k); Chase MileagePlus Explorer Visa Sig. ($6k); Chase Freedom Visa Sig. ($6k); BankAmericard Cash Rewards Visa Sig. ($5k); Amex PRG (NPSL); Amex BCE ($1k); Citi Thank You ($5.4k); Barclay Apple ($4.2k) CapOne Cash ($2.5k) CapOne Platinum ($2.5k) Wells Fargo Home Project Visa ($10.3k) Discover IT ($1.5k) WalMart ($3k); Lowes ($3k); Amazon ($5k); Kohls($1.5k)

Scores: Equ Fico 715 ~ Exp 724 ~ TU Fico 682
Established Contributor
JusdoNit
Posts: 921
Registered: ‎12-10-2011
0

Re: from TU 530 in May 2009 to Chase Sapphire Preferred approval at $10k yesterday


knockinitout wrote:

Keep doing the work - it pays off!  Equifax is currently at 716 with $8k reporting across 3 existing cards with combined cl's of $42k.  Decided to take a shot at the Sapphire Preferred based on the bonus offer and also knowing that just paying those other 3 cards down could bump me to the 740-760 range pretty quickly if I wanted to re-app.  Got the 10-day pending message (and that guily feeling in the pit of my stomach for having possibly apped outside of my depth) then called the backdoor number last night and she said she could decision it on the spot.  Put me on hold for 2 minutes and came back with $10k approval!!

 

Read the boards.  FOLLOW the advice.  Focus on the process.  Celebrate and share.

 

:smileyhappy:


 

 

How many inquiries did you have?


Starting Score: 722
Current Score: Now 687 what the hockey sticks...from a 784 (Aug 12 EX 751 EQ Fico)
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Regular Contributor
getahead
Posts: 185
Registered: ‎12-02-2011
0

Re: from TU 530 in May 2009 to Chase Sapphire Preferred approval at $10k yesterday


knockinitout wrote:

Keep doing the work - it pays off!  Equifax is currently at 716 with $8k reporting across 3 existing cards with combined cl's of $42k.  Decided to take a shot at the Sapphire Preferred based on the bonus offer and also knowing that just paying those other 3 cards down could bump me to the 740-760 range pretty quickly if I wanted to re-app.  Got the 10-day pending message (and that guily feeling in the pit of my stomach for having possibly apped outside of my depth) then called the backdoor number last night and she said she could decision it on the spot.  Put me on hold for 2 minutes and came back with $10k approval!!

 

Read the boards.  FOLLOW the advice.  Focus on the process.  Celebrate and share.

 

:smileyhappy:


 Love it!! Congrats!


Starting Score: 580
Current Score: Fico EQ-679, Fico TU-670, EX Plus-713, TU Walmart-697, CreditKarma-690
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