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Regular Contributor
Posts: 166
Registered: ‎12-19-2012
0

Re: Rebuilding after 5 years, 1st rejection, what now?

Id' go over to annualcreditreport.com and get all 3 of your reports if you haven't done so, to ensure that they don't have any mistakes or any other accounts that have popped up. Good luck!


In the Garden since 9/15/13... Goal Date 4/15/14 (WISH ME LUCK)
Closed on First Home 9/13/2013: USDA RURAL HOUSING
Lender Pull 7/25- EQ 673, EX 693, TU 670
Credit Card Approvals: 9/15- Discover It $4500; Chase Freedom $3500; Amex Blue $5000
Goal Score: 720 | Starting Scores (2/12): EQ 493, EX 521, TU 463
Frequent Contributor
Posts: 322
Registered: ‎09-18-2013
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Re: Rebuilding after 5 years, 1st rejection, what now?

[ Edited ]

themizlyne wrote:
If you can get NFCU membership - that is where you should start. Apply for nrewards or gorewards cards and if needed they'll approve for secured instead. I understand that they do graduate. You can also check preapprovals from Capital One - might get an unsecured or might not. But there is a start for you.



 

O.M.G.    APPROVED! Capital One Classic Platinum w/ 3K CL, 0% APR until Jul 2014, 22.9% afterwards, $39 AF! We're back in the game!

 

*hi-five* Nice call, themizlyne! :manvery-happy:

 

This is such a relief, but I won't be wasting what I've learned on here. I'm getting those GW's out and gardening this bad boy for all it's worth! Thanks again!

  (Hover over pics for details) 
FICO:  TU 731 (05/14/14)   EX 749 (04/24/14)   EQ 684 (02/05/14)   Goal 700
FAKO:  TU 761 (05/20/14)   EX 761 (05/20/14)   EQ 743 (05/20/14)
Regular Contributor
Posts: 187
Registered: ‎07-06-2013
0

Re: Rebuilding after 5 years, 1st rejection, what now?

Congrats
Senior Contributor
Posts: 3,448
Registered: ‎11-30-2007
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Re: Rebuilding after 5 years, 1st rejection, what now?

Treat it well for six months, then try nfcu. Barclays is difficult, so research before wasti g inquiries.

Congrats on capone!!!!
Valued Member
Posts: 111
Registered: ‎09-05-2013
0

Re: Rebuilding after 5 years, 1st rejection, what now?

My NFCU secured card was converted into a regular nrewards card with a CL of 2k after 6 months of good use. I didn't even have to ask


Starting FICO EQ Score: 597
Current FICO EQ Score: 664
Goal FICO EQ Score: 750


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Frequent Contributor
Posts: 322
Registered: ‎09-18-2013
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Re: Rebuilding after 5 years, 1st rejection, what now?


klondike wrote:

My NFCU secured card was converted into a regular nrewards card with a CL of 2k after 6 months of good use. I didn't even have to ask


I'm super tempted to apply for a NFCU card now. I thought I was done with apps after my Cap1 Classic Platinum approval, but I just keep hearing good things about NavyFed's cards.

 

I'll probably just go for an unsecured card tho, seeing as I got approved for a Cap1 unsecured. But do you think having a savings balance of $0.18 will have a negative impact my app (I haven't used my NavyFed account in 10 years)?

 

  (Hover over pics for details) 
FICO:  TU 731 (05/14/14)   EX 749 (04/24/14)   EQ 684 (02/05/14)   Goal 700
FAKO:  TU 761 (05/20/14)   EX 761 (05/20/14)   EQ 743 (05/20/14)
Frequent Contributor
Posts: 322
Registered: ‎09-18-2013
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Re: Rebuilding after 5 years, 1st rejection, what now?

[ Edited ]

Well, just put in an app for a NavyFed Visa Signature Flagship. I'll get a reply in 3-5 days. I did it because many on this forum said that they usually give counter-offers so it's ok to go for broke with them.

 

Timeline:

9/22/13 - TransUnion free report - 2 INQ (Barclays, Cap1), 7 neg accts, 35 baddies (30-120 late), 0 revolving
9/22/13 - Equifax free report - 2 INQ (NFCU, Cap1), 6 neg accts, 34 baddies (30-120 late), 0 revolving
9/21/13 - NFCU Visa Signature Flagship (EQ HP) PENDING
9/21/13 - TU FAKO 730 - 2 INQ (Barclays, Cap1), 2 baddies (delinquent), 0 revolving
9/18/13 - CapitalOne Classic Platinum (EQ,TU,EX HP) APPROVED, 3000 CL
9/07/13 - Barclaycard Ring (TU HP) DENIED, TU FICO 680
7/01/13 - EQ FICO 714 - 0 INQ, 7 negs (120 late), 0 revolving
 

 

*fingers crossed*  :catindifferent:

  (Hover over pics for details) 
FICO:  TU 731 (05/14/14)   EX 749 (04/24/14)   EQ 684 (02/05/14)   Goal 700
FAKO:  TU 761 (05/20/14)   EX 761 (05/20/14)   EQ 743 (05/20/14)
Frequent Contributor
Posts: 322
Registered: ‎09-18-2013
0

Re: Rebuilding after 5 years, 1st rejection, what now?

[ Edited ]

Federal law allows you to get at least one free credit report each year from each of the three credit bureaus. You can also get a free credit report in certain situation, for example, if you’re unemployed and preparing to look for a job. Some states have laws that allow you to get a free credit report. These states include:

 

  • Colorado - one free per calendar year, then $8
  • Georgia - always free
  • Maine - one free per 12 months, then $5
  • Maryland - one free per 12 months, then $5
  • Massachusetts - one free per calendar year, then $8
  • New Jersey - one free per 12 months, then $8
  • Puerto Rico - always free
  • Vermont - one free per 12 months, then $7.50

Score! My state lawmakers doing it right for once. 

 

Full list of states with free or discounted reports: CA, CO, CT, GA, ME, MD, MA, MN, MT, NJ, PR, VT, or VI (this list was taken directly from TransUnion's site). 

 

Get your Free Reports:
Equifax 800 685 1111 (or online)

TransUnion 800 888 4213 (or online)
Experian 866 200 6020

  (Hover over pics for details) 
FICO:  TU 731 (05/14/14)   EX 749 (04/24/14)   EQ 684 (02/05/14)   Goal 700
FAKO:  TU 761 (05/20/14)   EX 761 (05/20/14)   EQ 743 (05/20/14)
Frequent Contributor
Posts: 322
Registered: ‎09-18-2013
0

Re: Rebuilding after 5 years, 1st rejection, what now?

[ Edited ]

I'm confused on the SOL on baddies. I don't have any charged off accounts so I can't use the DOFD, correct? I eventually got on a payment plan with all my delinquent accounts, and they were all paid in full and closed with a 0 balance. So when would something like that fall off someone's report? Do they use the date of the first late payment or the date when the account caught up?

 

So looking at the below account, the first baddie is on Jul 2007 and the last baddie is May2008. When does this baddie fall off? 

 

(FYI, this report may be disputable since I started paying again in Dec '08, and that was why it didn't get charged off. I wasn't late 330 days as this seems to suggest.)

 

  (Hover over pics for details) 
FICO:  TU 731 (05/14/14)   EX 749 (04/24/14)   EQ 684 (02/05/14)   Goal 700
FAKO:  TU 761 (05/20/14)   EX 761 (05/20/14)   EQ 743 (05/20/14)
Contributor
Posts: 77
Registered: ‎04-29-2012
0

Re: Rebuilding after 5 years, 1st rejection, what now?

The 7 year rule applies by federal law to the first date of delinquency. The remaining dates are part of the overall history, but will also show as late history for seven years till you brought current. But most creditors will look at first time you were late, and how long it took to satisfy debt to bring current.,
Chapter 7 01/15/2015 Filed
Fico EQ-534, TU-568, EXP-505 02/27/2015
CK/Vant- EQ-543, TU-628 02/26/2015
CRSES: EX-600 03/01/2015
CapOne TRK TU- 657 02/26/2015
Goal Fico: TU-620, EX 560, EQ 600 11/01/2015
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