topic Re: What cards can my dad get? (EX 692) Full profile breakdown. in Credit Cards

What cards can my dad get? (EX 692) Full profile breakdown.

willwar14 — Tue, 03 Nov 2015 09:05:33 GMT

EX Derog:

A paid in full, bank account charge off from 09/2011 for $3.6k (shows as neg from paid date? 03/2014).

A paid in full judgement from 10/2012 for $3.6k (resolved date 03/2014).

A Cap one charge off from 11/2011 for $3.2k that was settled in 11/2012 .

A Credit one charge off from 11/2012 that was paid in full (showing paid date as 07/2015)

A Webbank charge off from 01/2011 that is unpaid (but is going to be paid before apping)

3 30-day lates on morgage from sept-dec from 2009.

A Wells fargo home equity loan from 07/2010 for $190k that was settled for less than full balance.

EQ Derog:

Same as above except:

A paid in full, bank account charge off from 09/2011 for $3.6k (shows as neg from paid date? 03/2014).

TU Derog:

Same as top except for the 2 items:

A paid in full, bank account charge off from 09/2011 for $3.6k (shows as neg from paid date? 03/2014).

A paid in full judgement from 10/2012 for $3.6k (resolved date 03/2014).

INQ:

EX 9, EQ 6, TU 7

TU- 0 in last 3 mons, 3 in last 6 mons, 6 in last 12 mons.

EQ- 1 in last 3 mons, 3 in last 6 mons, 5 in last 12 mons.

EX- 1 in last 3 mons, 3 in last 6 mons, 8 in last 12 mons.

Installment loans:
2 car leases, one’s balance is 7.5k other one is 10.2k

Accounts:

Bank:
09/15: CSP AU $4300/$22,000 or, if it updates $2350
09/15: Chase Marriott AU $2500/$22,000 or, if it updates $1140
09/15: Discover it AU $0/$14,500
10/15: Cap One Venture AU $5450/$30,000 (not reported yet)
10/15: AMEX AU $0/$3000
09/15: Barclays $0/$3000

Store:
07/15 JCP/Sync $0/$5000
07/15 Guitar Center/Sync $0/$900
06/12 Kohl’s $0/$300

Util: 11%
Oldest Account: 3.5 years
AAoA(according to EX): 7.2 years

EX FICO 8: 692

TU and EQ: In the 680s.

So one card my dad is eyeing in particular is the Gold Delta Amex card, think he has a chance? He was denied for a Discover card about a month ago :/.And what other cards could he get? (please no sub-prime lenders like FP and Surge MC.)

Thank you in advance.

Re: What cards can my dad get? (EX 692) Full profile breakdown.

willwar14 — Tue, 03 Nov 2015 12:54:44 GMT

Bump?

Re: What cards can my dad get? (EX 692) Full profile breakdown.

takeshi74 — Tue, 03 Nov 2015 13:02:01 GMT

Give any discussion forum site at least a day for responses. If you need a more immediate answer then a discussion forum is the wrong tool for the job.

We're not underwriters for the creditors. We cannot tell you what he would or would not qualify for. You can reference the Credit Pulls Database (use Google to find it) but keep in mind that it's never just about score.

Instead of worrying over what he might qualify for he needs to work on addressing deficiencies. Those derogs are likely to hold him down. Don't overlook the Rebuilding subforum as a resource.

Re: What cards can my dad get? (EX 692) Full profile breakdown.

gibeon — Tue, 03 Nov 2015 13:03:14 GMT

I would try the prequal sites, particularly Capital One, Barclays, Amex (of course), Citi, and Chase.

Only app for ones that say "Congratulations you're pre-approved" not "We Recommend" and have a set APR not "x% - xx% based on credit worthiness."

Pretty sure he can get right in with CapOne for at least QS1 (they've been known to approve even with unpaid charge-offs just over 1 year old).

Good luck!

Re: What cards can my dad get? (EX 692) Full profile breakdown.

willwar14 — Tue, 03 Nov 2015 14:04:04 GMT

@gibeon wrote:
I would try the prequal sites, particularly Capital One, Barclays, Amex (of course), Citi, and Chase.

Only app for ones that say "Congratulations you're pre-approved" not "We Recommend" and have a set APR not "x% - xx% based on credit worthiness."

Pretty sure he can get right in with CapOne for at least QS1 (they've been known to approve even with unpaid charge-offs just over 1 year old).

Good luck!

There's no prequals because theres a fraud alert on all 3 CRs, and we tried to get him a QS1 about 4 months ago and he got denied for lack of income (which is BS because its 70k, which we put down), and put his score at 587 which is also insane.

Re: What cards can my dad get? (EX 692) Full profile breakdown.

fury1995 — Tue, 03 Nov 2015 13:38:09 GMT

I believe Capital One uses Fico 04 for scoring.

That's where they got the score.

They fraud alert will also keep you from approvals as that is what fraud alert is supposed to do.

What is the reason for the fraud alert?

Re: What cards can my dad get? (EX 692) Full profile breakdown.

willwar14 — Tue, 03 Nov 2015 13:54:11 GMT

@fury1995 wrote:
I believe Capital One uses Fico 04 for scoring.

That's where they got the score.

They fraud alert will also keep you from approvals as that is what fraud alert is supposed to do.

What is the reason for the fraud alert?

Ahh, makes more sense now as his ex score towards the end of july was 627, still seems weird that it was 70-80 points lower, and fraud alerts just means no instant approvals, just tells the creditors to verify info before issuing any credit. The reason for the fraud alert is we are disputing all derog credit accounts (Cap one, Credit one, webbank) those were a result of id theft from a family member, so its been hard getting things removed.

EDIT: just dug up the denial letter and they put the score as 587 so it would be around a 40 pt difference.

Re: What cards can my dad get? (EX 692) Full profile breakdown.

Creditaddict — Tue, 03 Nov 2015 16:40:13 GMT

Remove Fraud alerts before you think about applying for anything... you are taking things away from a computer and putting them in the hands of a person now and he actually might make it past computers with all paid baddies but maybe not a person....

I'm little shocked discover (what score did they give?)

Cap1 is a lower older fico model but fico 08 is probably within 50 points of that.

Where is this 692 EX coming from that you list?

Re: What cards can my dad get? (EX 692) Full profile breakdown.

willwar14 — Tue, 03 Nov 2015 17:00:44 GMT

@Creditaddict wrote:
Remove Fraud alerts before you think about applying for anything... you are taking things away from a computer and putting them in the hands of a person now and he actually might make it past computers with all paid baddies but maybe not a person....

I'm little shocked discover (what score did they give?)
Cap1 is a lower older fico model but fico 08 is probably within 50 points of that.
Where is this 692 EX coming from that you list?

Gotcha CA, and they gave 687 FICO score on the denial letter, the 692 EX is coming from Experian's credit tracker, fico 8.

Re: What cards can my dad get? (EX 692) Full profile breakdown.

Creditaddict — Tue, 03 Nov 2015 17:03:24 GMT

@willwar14 wrote:
@Creditaddict wrote:
Remove Fraud alerts before you think about applying for anything... you are taking things away from a computer and putting them in the hands of a person now and he actually might make it past computers with all paid baddies but maybe not a person....

I'm little shocked discover (what score did they give?)
Cap1 is a lower older fico model but fico 08 is probably within 50 points of that.
Where is this 692 EX coming from that you list?

Gotcha CA, and they gave 687 FICO score on the denial letter, the 692 EX is coming from Experian's credit tracker, fico 8.

Some of these lenders won't start opening up until your 12 months clear of your payment of collections (that's when I started getting Sync Cards)

Cap1 should open up right away... remove the security freezes and keep checking pre-qual until you pop offers.

once you have a card or two reporting a couple months, hit up discover again and Barclay after 6 months from last payment and with new accounts.

Re: What cards can my dad get? (EX 692) Full profile breakdown.

willwar14 — Tue, 03 Nov 2015 17:10:26 GMT

My dad has had a Barclays account in just his name since early sept, and so let me get this straight, they want to see it have being paid for at least 1 year before issueing credit?

Re: What cards can my dad get? (EX 692) Full profile breakdown.

Creditaddict — Tue, 03 Nov 2015 17:17:54 GMT

@willwar14 wrote:
My dad has had a Barclays account in just his name since early sept, and so let me get this straight, they want to see it have being paid for at least 1 year before issueing credit?

oh sorry, forgot that one... nope your good with them since you got them.

but some of these others may want to see some time since the delinquency... each bank will be different but I started to see the most success once I was passed a year but i started getting cap1 earlier, barclay around 6 months, etc.

Re: What cards can my dad get? (EX 692) Full profile breakdown.

willwar14 — Tue, 03 Nov 2015 18:07:49 GMT

@Creditaddict wrote:
@willwar14 wrote:
My dad has had a Barclays account in just his name since early sept, and so let me get this straight, they want to see it have being paid for at least 1 year before issueing credit?
oh sorry, forgot that one... nope your good with them since you got them.
but some of these others may want to see some time since the delinquency... each bank will be different but I started to see the most success once I was passed a year but i started getting cap1 earlier, barclay around 6 months, etc.

Just paid the Webbank account, but wouldn't it just show as Paid in full from the current CO status it is at now?

Re: What cards can my dad get? (EX 692) Full profile breakdown.

Creditaddict — Tue, 03 Nov 2015 18:44:04 GMT

Paid in full or saddled and fall but either way the collection doesn't go away it tab old bad account now that's just paint

Re: What cards can my dad get? (EX 692) Full profile breakdown.

willwar14 — Tue, 03 Nov 2015 18:54:41 GMT

@Creditaddict wrote:
Paid in full or saddled and fall but either way the collection doesn't go away it tab old bad account now that's just paint

Um, I don't understand some of your post?

Re: What cards can my dad get? (EX 692) Full profile breakdown.

Creditaddict — Tue, 03 Nov 2015 19:13:04 GMT

It will report paid in full collection... It's still a baddie on reports but does show creditors that you took care of your responsibilities

Re: What cards can my dad get? (EX 692) Full profile breakdown.

willwar14 — Tue, 03 Nov 2015 19:30:04 GMT

@Creditaddict wrote:
It will report paid in full collection... It's still a baddie on reports but does show creditors that you took care of your responsibilities

Ah right, sorry. So you would recc waiting for about 6 mons? Delta gold Amex is the card my dad wants the most, so timing is key lol. My dad has lost interest in discover (no recon and very unpredictable) But does want a card with chase also.

EDIT: theres no collections on my dads reports, you mean a paid in full charge off?

Re: What cards can my dad get? (EX 692) Full profile breakdown.

Creditaddict — Tue, 03 Nov 2015 19:38:33 GMT

Try Amex, 1 ex pull won't hurt!

Re: What cards can my dad get? (EX 692) Full profile breakdown.

willwar14 — Tue, 03 Nov 2015 19:43:04 GMT

Shouldn't we try when the webbank account is showing as paid? It's reporting date is the 15th.

Re: What cards can my dad get? (EX 692) Full profile breakdown.

Creditaddict — Tue, 03 Nov 2015 20:55:01 GMT

Yes