12-21-2013 07:13 AM
Well I've been hard at repair for a little over a year and have got my TU score up just shy of 100 points. Been gardening my Capital One Secured ($201 CL) and Capital One Rewards ($750 CL) for almost 2 years. Decided to pull the trigger on a Barclay NFL Extra Points card today since they pull TU and got an instant approval for $1900. Oh man does all that hard work feel good today! Thanks to all of you! I don't post much but I have spent hours on here reading an researching! Merry Christmas!
12-21-2013 07:28 AM
It's a good feeling!!! Congrats to you.
12-21-2013 08:17 AM
Congrats... I have that card too, and personally, I love it!
12-21-2013 12:36 PM - edited 12-21-2013 12:38 PM
What would be my chances of getting approved?
EX FICO: 682, EQ FICO: 641, TU FICO: 655
All of my bad accounts just dropped off with the exception of one medical collection for $2,200 that is only a year and a half old. I plan to try and PIF for a delete with my tax return. I just can't pay it now. I have a handful of 30 day lates from 2008 and one from the beginning of the year. My two auto loans ( Honda Financial and Capital one auto) are in perfect standing. I also have some student loans on deferement.
The only line of credit that I currently have is a secured capital one card for $200. I've had it for a little less than two years and I have a perfect history with it.
I really want to dd another if of credit to my credit profile and increase my utilization. I'm just afraid that my one collection will keep me from moving forward.
12-21-2013 12:59 PM - edited 12-21-2013 01:00 PM
@howiez28 In my personal experience I couldn’t get any unsecured cards other than Capital One to touch me with collections, I tried a few like Wal-Mart. My final 3 collections just fell off as well and my TU score went from 629 to 667 which is the reason I decided to apply. The only negatives I have left are 14 defaulted student loans with 0 balances because they were consolidated with direct loans about 3 years ago. They are near the end and due to fall in March '14 so I'm sure that helped.
I got the Capital One secured card first then after about 6 months applied for the Capital One Cash Rewards card and was approved for $500. After another 3 months it went to $750 as part of their credit steps program. Nothing after that for nearly two years, tried the online CLI twice in that time since it’s a SP but was not approved. Basically I just did PFD, GW, and waited out the last 3 collections since they wouldn’t work with me.
Hope that info helps you decide. I think your scores are close to the range but I’m not sure how they will look at that collection, maybe some of the vets around here will have a better answer.
12-21-2013 01:19 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.