Re: What are my chances for Discover??

jmco · ‎09-23-2012

Question.....if I was pre approved for discover what are the chances a final approval will happen especially when I had discover charge offs in 2008 that were since paid/settled in 2010...don't want to waste a HP

Starting Score: 720
Current Score: 626
Goal Score: 700

Take the FICO Fitness Challenge

Revelate · ‎12-30-2011

jmco wrote:
Question.....if I was pre approved for discover what are the chances a final approval will happen especially when I had discover charge offs in 2008 that were since paid/settled in 2010...don't want to waste a HP

Shouldn't be an issue to my knowledge. Discover is very generous with giving people second chances from what I've read here anecdotally, including to folks that had chargeoffs that were never resolved.

For others to chime in, I'll request this get moved to a seperate thread.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
Goal Score: 680 in all three (01/01/14)

Take the FICO Fitness Challenge

LIGHTNIN · ‎03-24-2008

"OP, I split your post to form a new one here. I had to edit the title, but changed nothing else. If you'd like to change the title, click "Options" and then "Edit Message".

FICO's Oct 2012 TU731 EQ744Live below your means and always keep an emergency fund -Love Everybody ~ Big Kenny ~ Big and Rich ~~~~~Credit Scoring 101 - Common Abbreviations - Freq Req Threads - Free Credit Reports - What Steps Do I Take?DV? PFD?

Creditaddict · ‎10-23-2007

If you got Pre-Approved I have not seen that not be an instant approval! DO IT!

Waiting is so Overrated!

youngandcreditwrthy · ‎08-16-2012

depends on your score, I'd say... I wouldn't do it if you aren't at least at 620 or so.. even then... idk...

jcstarkey8826 · ‎06-01-2012

We have almost the same scenario.. Charge off in 2008 and paid in 2010... I dont know how much your debt with them was, but mine was $573. My score was 663, it was a TU pull from them, AAOA was 4 years, declined due to previous account status.

Hopefully yours will be different. Im opted out, so I dont get pre-approvals. That sounds like a good thing to me though. Id try it!

In my wallet: GCU Patinum Visa 1500 CL, Charter One Platinum Rewards 500 CL, Chase Freedom 800 CL, Wal Mart Store Card 1800 CL, Kay Jewelers 3000 CL

LS2982 · ‎04-09-2011

Pre approval is most certainly not a guaranteed approval. It's strictly YMMV.

Silver Spade Garden Club Member - Last App 1/6/13 - No Apps until 1/7/2015 / Diamond Inspired!
Starting Score: EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 689 / EQ FICO 659 / TU08 FICO 702 / TU98 FICO 672 / TU VS 721 5/16/2013

RockinRay · ‎08-13-2007

LS2982 wrote:
Pre approval is most certainly not a guaranteed approval. It's strictly YMMV.

+1 - you score seems a bit low to me for a Discover. I would think twice about this - even with your pre-approval!

Ray

** Every Card has a Job, and Every Card does its Job **

jmco · ‎09-23-2012

thanks for putting this in it's own thread - sorry about making that mistake!

and thanks to everyone else for the input.. I am going to wait a while and continue to work on the reports to clear stuff up before going that route... don't want to waste a HR!

Starting Score: 720
Current Score: 626
Goal Score: 700

Take the FICO Fitness Challenge

Jlu · ‎06-12-2012

Is your current score really 561?