topic sallie mae approved scores? in Credit Cards

sallie mae approved scores?

Anonymous — Sun, 26 Apr 2015 17:00:26 GMT

can you guys please share your experience with getting approved with sallie mae, what score range do they require? I want to apply but dont want to take the risk unless im positive I will be approved. btw I just got the barclay rewards with a 500 cl.

Re: sallie mae approved scores?

TRC_WA — Sun, 26 Apr 2015 17:06:03 GMT

I was instantly approved in December 2014 for $4500 with a 665 TU... but I also had a $2200 Apple card for the previous 16 months... (I then transferred the limit from Apple to Sallie Mae making it $6700 and closed the Apple account)

I had also gardened for 2014 and had no inquiries and no new accounts since December 2013.

This was my plan back when I opened the Apple account in September 2013. Mission accomplished.

Re: sallie mae approved scores?

Anonymous — Sun, 26 Apr 2015 17:04:32 GMT

You best answer will come from the credit pull database as that shows you a range of scores people were approved at. Just google credit pull database and it will come up for you to do your research on scores..

Re: sallie mae approved scores?

Anonymous — Sun, 26 Apr 2015 17:09:34 GMT

Also with Barclay's I've read they're inquiry sensitive. They (always?) pull TU, so how many inquiries you have on there is at least as important as your score. They're also very known to deny and/or otherwise need a recon call. DH's SM was approved first go round, but my Arrival + I had to call and explain why I had a high balance here and there. I explained one would be paid off withint the month, and the other was a 0% offer that it didn't make sense to rush to pay off, and I was then approved.

Re: sallie mae approved scores?

Anonymous — Sun, 26 Apr 2015 17:17:55 GMT

seems like I have no chance atm, all approvals are 700+ TU

Re: sallie mae approved scores?

Anonymous — Sun, 26 Apr 2015 17:20:44 GMT

@Anonymous wrote:
seems like I have no chance atm, all approvals are 700+ TU

What is your TU score and how does your credit profile look like. Some people have gotten Barclays in the 600's but it comes down to the strength of your credit profile.

Re: sallie mae approved scores?

TRC_WA — Sun, 26 Apr 2015 17:23:32 GMT

@Anonymous wrote:
seems like I have no chance atm, all approvals are 700+ TU

Not all... as I said in my first post mine was 665.

As others have said, Barclays is inquiry/new account sensitive and also like a year of revolving history. That's why I got the approval I did with the score I had.

What's your profile look like?

Re: sallie mae approved scores?

Anonymous — Sun, 26 Apr 2015 17:22:48 GMT

I was approved for Sallie Mae upon recon with a TU in the 640s in November 2014 (Barclays also pulled EX). Initial limit $1500.

Re: sallie mae approved scores?

Anonymous — Sun, 26 Apr 2015 17:23:35 GMT

tu 688, downside is my profile is only 14 months . I think ill let my chase freedom report first and see if I can get a higher cl in my rewards card, seems like I got a really low cl compared to others with a lower tu score than me.

Re: sallie mae approved scores?

Anonymous — Sun, 26 Apr 2015 17:25:45 GMT

@Anonymous wrote:
tu 688, downside is my profile is only 14 months . I think ill let my chase freedom report first and see if I can get a higher cl in my rewards card, seems like I got a really low cl compared to others with a lower tu score than me.

688 is a very good score. How many inquiries? How many new accounts? Any baddies? Tells us all so that you can get the best responses.

Re: sallie mae approved scores?

Anonymous — Sun, 26 Apr 2015 17:28:28 GMT

no baddies my but yes a whopping 14 tu inq. in the last 6 months 2 new cards freedom and rewards

Re: sallie mae approved scores?

Anonymous — Sun, 26 Apr 2015 17:49:31 GMT

@Anonymous wrote:
can you guys please share your experience with getting approved with sallie mae, what score range do they require? I want to apply but dont want to take the risk unless im positive I will be approved. btw I just got the barclay rewards with a 500 cl.

They are inq sensitive. I had 4 on my TU at time of app with 720s score and had to recon. They asked why I had these inqs and I explained each of them. That's all they wanted to hear as they said my profile looked great and they just needed some insight into those. Approved for $2,500. You might get in with high 600s if you have no inqs or baddies.

Re: sallie mae approved scores?

Anonymous — Sun, 26 Apr 2015 17:50:22 GMT

@Anonymous wrote:
no baddies my but yes a whopping 14 tu inq. in the last 6 months 2 new cards freedom and rewards

Sorry to say it but they will decline you. 14 inq is a no no for them and you won't be able to explain them away.

Re: sallie mae approved scores?

Anonymous — Sun, 26 Apr 2015 17:53:31 GMT

@Anonymous wrote:
no baddies my but yes a whopping 14 tu inq. in the last 6 months 2 new cards freedom and rewards

14 inquiries is a lot in the last 6 months. Let the inquiries age for at least 3 months before trying Barclays. Keep in mind, they don't pull anything else but TU. So plan your apping strategically if you want 1 of their cards..

Re: sallie mae approved scores?

taxi818 — Sun, 26 Apr 2015 19:02:52 GMT

@Anonymous wrote:
@Anonymous wrote:
no baddies my but yes a whopping 14 tu inq. in the last 6 months 2 new cards freedom and rewards
14 inquiries is a lot in the last 6 months. Let the inquiries age for at least 3 months before trying Barclays. Keep in mind, they don't pull anything else but TU. So plan your apping strategically if you want 1 of their cards..

+1 and keep in mind. its not just the 14 inquiries. emphasis on the last 6 months. if you got say 14 in 18 months. but 2 in last 6 months. you would be golden. as im down to 11 in last 2 years. but only 1 in the last 6 months. im sure im good for it. but i wanted the freedom first over sallie. so now its on the way. could not get pre approval with chase as too many inquiries in last 6 months. when it got down to two in last 6 months. thats why i got pre approval.

Re: sallie mae approved scores?

Callandra — Sun, 26 Apr 2015 19:04:18 GMT

@Anonymous wrote:
@Anonymous wrote:
no baddies my but yes a whopping 14 tu inq. in the last 6 months 2 new cards freedom and rewards
14 inquiries is a lot in the last 6 months. Let the inquiries age for at least 3 months before trying Barclays. Keep in mind, they don't pull anything else but TU. So plan your apping strategically if you want 1 of their cards..

I agree 14 inquiries on TU coupled with a high 600s score might be a bit low for Barclays. If you apply, will probably be 7-10 message or a denial. I advise waiitng at least another 6 months and let those age a bit.

I was approved with ermm, don't remember exactly, maybe ~760 TU but I also hadn't had any TU inquiries in a year and one year payment history on their Rewards card.

Re: sallie mae approved scores?

Anonymous — Sun, 26 Apr 2015 19:05:57 GMT

When I applied over a month ago, all my scores were in the low 700s and only had a couple of inquiries. I was approved instantly for $4,400.

Re: sallie mae approved scores?

TRC_WA — Sun, 26 Apr 2015 19:23:58 GMT

@Anonymous wrote:

. Keep in mind, they don't pull anything else but TU. So plan your apping strategically if you want 1 of their cards..

@TRC_WA wrote:
I was instantly approved in December 2014 for $4500 with a 665 TU... but I also had a $2200 Apple card for the previous 16 months... (I then transferred the limit from Apple to Sallie Mae making it $6700 and closed the Apple account)

I had also gardened for 2014 and had no inquiries and no new accounts since December 2013.

This was my plan back when I opened the Apple account in September 2013. Mission accomplished.

Re: sallie mae approved scores?

Anonymous — Sun, 26 Apr 2015 19:53:38 GMT

767 TU Clean approved for 6k@13.99.

This will be my daily instead of Freedom.