topic Discover IT in Credit Card Applications

Discover IT

MrTom — Sun, 30 Apr 2017 19:52:13 GMT

I am looking at te Discover IT card.

What would the chances of approval be with a paid charge off?

Current Scores are below.

Re: Discover IT

Anonymous — Sun, 30 Apr 2017 21:12:36 GMT

@MrTom wrote:
I am looking at te Discover IT card.

What would the chances of approval be with a paid charge off?

Current Scores are below.

How old is the CO? Any other baddies?

Re: Discover IT

Anonymous — Sun, 30 Apr 2017 21:56:24 GMT

I got approved (12/2016) with 2 recently paid charge offs (3yrs old), and 3 open charge offs (also 3yrs old), for $6500 SL on Discover IT.

My score at the time was around EQ 665 (FICO08), AAO around 5yrs, Time since most recent baddie 2.3yrs, inquires in past 12months around 5, utilization < 3%

Hope this helps

Re: Discover IT

MrTom — Sun, 30 Apr 2017 23:20:40 GMT

The Charge iss if 2 yeas, 3 months old This is PAID IN FUll

OTher then that, just one 30 day late that I"ve been fighting with the CC company on. I had my account on auto pay and they didn't take a payment one month.o I found out on DAY 31..

Re: Discover IT

Creditplz — Mon, 01 May 2017 01:22:21 GMT

Discover is tricky.. they denied my mother in law with a 760, denied me with a 734, and approved my cousin with a 660 and high utilization...

The charge off is kinda old and paid, I'd give it a shot personally.

Re: Discover IT

MrTom — Mon, 01 May 2017 03:20:50 GMT

I read on an other thread that discover likes thin files. Is this true or could be why approvals were select in your family.

Re: Discover IT

Anonymous — Mon, 01 May 2017 13:22:23 GMT

Go for it! I bet you get in.

Re: Discover IT

Gunnar419 — Mon, 01 May 2017 14:25:27 GMT

@Anonymous wrote:
Go for it! I bet you get in.

Ditto. I think you are very likely to get approved with the profile you've described.

Re: Discover IT

MrTom — Thu, 04 May 2017 03:29:39 GMT

Does anyone know what kind of scoring model Discover uses for the IT card?

What I mean by model, which kind of score on the 3B report is used.

Re: Discover IT

Anonymous — Thu, 04 May 2017 22:38:28 GMT

They pulled my FICO8 EQUIFAX for my Discover IT in December of 2016 (I live in NY), and I think that's the most common CR pulled for them..

Once you're in with them, they provide you monthly FICO8 TransUnion scores.

Re: Discover IT

MrTom — Fri, 05 May 2017 02:30:35 GMT

I figured from the database that is online that Eq is the CB Pull for my state

But I was wondering which credit score they used? FICO 8 FICO Bank Card, etc.

Re: Discover IT

Anonymous — Fri, 05 May 2017 15:41:58 GMT

Gotcha. It's 100% FICO 8

Re: Discover IT

Anonymous — Sun, 07 May 2017 15:26:17 GMT

They just denied me yesterday. I have a 603 TU fico, 1 charge off from a year ago, 40% utilization.

Re: Discover IT

MrTom — Sun, 07 May 2017 15:41:28 GMT

They pulled ours from TU?

Re: Discover IT

austinguy907 — Sun, 07 May 2017 19:19:36 GMT

They can and will pull any of the 3 CR's depending on where you're located.

If they want a 2nd look they'll pull an additional CR as well.

If the 1st pull isn't good enough then they stop there and send you a denial letter.

If the 2nd pull is still borderline they may counter with a Secured offering or alternative offering to the 0% offer you see on the pre-qual.

If you have a single APR listed you're 99% of the way in the door. If you have a 3-4% APR listed then you're on the cusp. If you have a 11-24% offer.... Flip a coin.

The only way you truly find out though as to what Disco will do is actually apply.