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pdsnickles
Posts: 27
Registered: ‎06-19-2008
0

Got 2 new credit cards despite my 570 FICO

My EQ Fico score only just went up from around 550 to 570 but I was able to get an Orchard Card ($750 limit, $39 fee and 15% interest) and a Best Buy card ($500 - god knows what the interest rate is, I haven't gotten it in the mail yet).

I just got a Ch. 7 discharge in March so I've been working on cleaning up my credit reports at all 3 bureaus and honestly I think I could have done - or could do - better with getting cards in another month or so. BUT I just lost my job 3 weeks ago, (when it rains it pours!) so I wanted to apply now before word gets out that I'm unemployed.

I don't plan to use these cards other than to the extent I can pay them back within a month, maybe I'll carry 10% balance just to "look good".

Anyway, I just wanted to report that these cards are post-discharge friendly, it would appear - in case anyone else is in my boat and wants to apply for some easy to get accounts. Also I got the Orchard link from some thread (I frankly don't remember if it was this forum or another one) that showed it as being a way to apply with just a "soft pull" instead of a hard pull on my credit, in case I was turned down.
Frequent Contributor
adamseve
Posts: 453
Registered: ‎05-14-2008
0

Re: Got 2 new credit cards despite my 570 FICO

Congrats to you!  Sorry to hear about you losing your job.  I pray that you'll find something soon or at lesat be able to draw unemployment until you find something so that you don't have to use all of your rainy day savings.
 
I'm considering the Best Buy card.  Did you get the MC or the store card?  Also, what bureau did they pull?  Where are you located?
 
 
Senior Contributor
Wonderin
Posts: 3,494
Registered: ‎05-25-2008
0

Re: Got 2 new credit cards despite my 570 FICO



pdsnickles wrote:
My EQ Fico score only just went up from around 550 to 570 but I was able to get an Orchard Card ($750 limit, $39 fee and 15% interest) and a Best Buy card ($500 - god knows what the interest rate is, I haven't gotten it in the mail yet).

I just got a Ch. 7 discharge in March so I've been working on cleaning up my credit reports at all 3 bureaus and honestly I think I could have done - or could do - better with getting cards in another month or so. BUT I just lost my job 3 weeks ago, (when it rains it pours!) so I wanted to apply now before word gets out that I'm unemployed.

I don't plan to use these cards other than to the extent I can pay them back within a month, maybe I'll carry 10% balance just to "look good".

Anyway, I just wanted to report that these cards are post-discharge friendly, it would appear - in case anyone else is in my boat and wants to apply for some easy to get accounts. Also I got the Orchard link from some thread (I frankly don't remember if it was this forum or another one) that showed it as being a way to apply with just a "soft pull" instead of a hard pull on my credit, in case I was turned down.




Congrats on the cards!!!

We just got hubby an Orchard with a $300, and a Cap One with a $1K -- don't know why the huge difference, but there it is. Have you considered apping for Cap One?

I'm really sorry about your job, PD. I hope against all hope that something MUCH better comes along ASAP!!!

Please keep us posted!!!

{{{{{{{{Hugs!!!}}}}}}}

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*

Hubby's FICOs when we started: high 400s (June 2008)
Hubby's FICO NOW (04/06/09): TU: 679 EQ: 608 EX: ???
My FICOs: TU: 643, EQ: 606
Closed on new home: 1/20/2009 -- If we can do it, YOU can do it!!

New Visitor
Waitressangie1965
Posts: 1
Registered: ‎06-09-2014
0

Re: Got 2 new credit cards despite my 570 FICO

I just gt discharged chapter 7 but learned I still had 3 bills I didn't file and are now following me I have only been able to get a carecredit for$800. Can u please provide me with bank imfo to 2 cards you r describing so I can see if this will work for me? Thank you!

Valued Contributor
gdale6
Posts: 9,617
Registered: ‎12-13-2013
0

Re: Got 2 new credit cards despite my 570 FICO


Waitressangie1965 wrote:

I just gt discharged chapter 7 but learned I still had 3 bills I didn't file and are now following me I have only been able to get a carecredit for$800. Can u please provide me with bank imfo to 2 cards you r describing so I can see if this will work for me? Thank you!


This is a thread from 2008, it is highly doubful you will get a response from the OP... The Orchard bank card is no more it was bought out by Cap-1. Good rebuild banks are Cap-1 and Barclays. You say you have 3 bills that are following you out of BK.... If these were in existence when you filed they are dead just like the rest unless you reaffirmed them in the BK or they are federally backed SLs or Income taxes... You should start your own thread for help and welcome to the board :smileyhappy:

EX Cred Ses 12/14: 796 ; EX Fico 04 V2 06/14: 775; EX Fico 08 07/14 778 ; EX Fico 08 BC 12/14: 858
EQ Fico 05/14 781 ; EQ MPM 12/14: 750
TU Fico 8 12/14: 719; TU MPM 06/14 706
Established Contributor
TRC_WA
Posts: 867
Registered: ‎02-08-2014
0

Re: Got 2 new credit cards despite my 570 FICO

Nice necro of a 6 year old thread.


Filed BK13: 04-01-09 / Discharged: 05-07-13 / myFICO 12-14-14 EQ: 700 EX: 679 TU: 665
$2000 CapOne QS / $2750 CapOne QS / $1800 Best Buy / $2200 Barclay Visa / $7500 Care Credit / $2500 Nordstrom
$2508 Paypal Credit / $650 Chevron / $650 76 / $900 Walmart / $8500 BECU Visa / $20k 3.99% BECU auto loan
CC UTI: 23% / 2014 INQS: EQ: 1 EX: 1 TU: 2 / 2014 new CC accts: 1 / Gardening since: 12-25-14

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