topic Re: WAMU Pre-Approval in Credit Cards

WAMU Pre-Approval

goose3500 — Mon, 03 Nov 2008 14:56:28 GMT

I received a WAMU pre-approval letter in the mail, I was wondering what is the likely hood that i would be approved and which one of the The Big Three Credit Agencies do they usually check, I could not afford another EQ inquire. The offer said 0 percent until 2010 and i need another cc i only have one now.

Re: WAMU Pre-Approval

Anonymous — Mon, 03 Nov 2008 15:09:19 GMT

I think that it is very likely that you will get approved. I was recently receiving for a second wamu visa and when I applied I received it. I also received a credit line increase the same week on my other wamu card. They have checked my transunion report or equifax report. I had scores of between 620-660 on all reports when I was approved. I'm in tn so I'm not sure who they will pull in other areas.

Re: WAMU Pre-Approval

wmarat — Mon, 03 Nov 2008 15:16:58 GMT

WaMu traditionally pulls TU.

WaMu is very unpredictable. I was denied with low 700's FICO scores and no baddies, but as always YMMV.

Re: WAMU Pre-Approval

Uniqua — Mon, 03 Nov 2008 15:28:29 GMT

WaMu generally pulls TU; but, how can we give you any advice on whether or not you'll be approved if you haven't given us any information on your credit picture (baddies, inquiries, util, score, etc.)?

Re: WAMU Pre-Approval

goose3500 — Mon, 03 Nov 2008 15:28:49 GMT

thanks for the info i live in wash. dc I am hoping for a TU pull because it is my highest score. What type of credit line should i expect?

Re: WAMU Pre-Approval

Uniqua — Mon, 03 Nov 2008 15:33:30 GMT

It could be $500 or $7,500. What is your CREDIT PICTURE?

@goose3500 wrote:
thanks for the info i live in wash. dc I am hoping for a TU pull because it is my highest score. What type of credit line should i expect?

Re: WAMU Pre-Approval

goose3500 — Mon, 03 Nov 2008 15:40:58 GMT

2 inquires on my TU 2 baddies paid in full, util is 1 percent TU is 634, I just pulled my credit score seconds ago, I have been rebuilding my credit since 9 months ago and that was my last late.

Message Edited by goose3500 on 11-03-2008 07:40 AM

Re: WAMU Pre-Approval

Uniqua — Mon, 03 Nov 2008 15:48:36 GMT

IMO, you may not be approved because of the 9 month-old baddie. I've seen people with scores in the mid 700s get denied because they had recent baddies (less than a year old), and because they had old Providian COs. But, but, but - this is just my opinion so don't get discouraged. I was approved with a 643 TU and was given a $2k CL. However, my most recent baddie was 5 1/2 years ago and I had no CCs reporting at the time of my app (approx. 6 mos. ago). I app'd after my 8th pre-approval offer from them.

I say, give it a shot. I got instant approval in less than 5 seconds. Let us know how it goes!

Message Edited by Uniqua on 11-03-2008 10:48 AM

Re: WAMU Pre-Approval

goose3500 — Mon, 03 Nov 2008 15:50:06 GMT

thank you

Re: WAMU Pre-Approval

Anonymous — Mon, 03 Nov 2008 16:08:26 GMT

Go for it. We applied for a Wamu with 660 on Transunion and got me a $2500 card. My wife had me open up a $10 savings account with them first though. She said it mattered. She also said that we have something like 10 inquiries on it too.

Re: WAMU Pre-Approval

My2cents — Mon, 03 Nov 2008 16:47:56 GMT

Wait goose3500.

WaMu pulled Ex for me, and I am in the state next to TN. Both times they pulled EX. However they review your account with the TU-pfico, which is a card enhanced fico score and this is the one that they give to you every month. Normally if you get offers w/ 0% and no annual fee and up to 7500, you probably will get it. I have 2 cards with WaMu and they pulled EX for both of them and now that I am thinking about it I am due 10 pts back onto my Ex score for the inquiries

My2cents

Re: WAMU Pre-Approval

D190X — Tue, 04 Nov 2008 00:58:54 GMT

Got the pre-approval letter from WaMu today. Applied online and was approved for $2500

All three scores are in the mid to high 600's