topic Re: Sears CC in Credit Cards

Sears CC

Anonymous — Tue, 10 Feb 2009 20:33:14 GMT

I am thinking of applying for a Sears CC. Any idea on possibility of approval

TU - 679

EX - 659

EQ - ???

Have four CC's now:

Cap1 - 1 1/2 years, no lates, 0%util

CorTrust - 1 1/2 years, no lates, 0%util

Orchard - 2 3/4 years, one late 18 months ago, 0%uitl

US Bank - 1 mo, 50%util

Two car loans

CU - $3600 on original $16,200, one late in last 24 months (13 months ago)

Dealer - $25k on original $29k, 1 year no lates

Home Mortgage

Two months old, no lates

All other negativity is prior Apr 2006 on TU and Aug 2008 on EX.

Re: Sears CC

oracles — Tue, 10 Feb 2009 21:18:50 GMT

Hi Flipper

I know the Sears card is back by Citi. I do not have the card but i know Citi usually pulls EX in my neighborhood.

I am located in NYC. I have read that Sears CC is somewhat of a hard card to get.

I think you can also do a search on here for Sears CC.

What is your limit and balance on the usbank card?

What are your prior baddies? Citi is not BK friendly.

Give us some more details so we can help you.

Re: Sears CC

Anonymous — Tue, 10 Feb 2009 21:26:44 GMT

Hi flipper, although u don't seem to have much balances on your cards you do have right now, they may not approve you due to your DTI ratio considering the mortgage and 2 car loans, or your gonna get nothing for a CL. Just a thought though, I'm not positive.

Message Edited by v6coupe on 02-10-2009 01:26 PM

Re: Sears CC

haulingthescoreup — Tue, 10 Feb 2009 21:25:49 GMT

The Sears store card is mysteriously tough to get; the MC less so. (Or so it used to be.)

I'd be worried about that very recent late, although they don't usually pull EX, I don't think.

Re: Sears CC

Anonymous — Tue, 10 Feb 2009 21:28:35 GMT

No BK.

US is $3k

Other Derog's are 2-3 charge off's that were originally CO but later paid and multiple 30-60's from prior April 2006.

Most recent late is 14 months ago and one prior to that is 20 months ago.

Re: Sears CC

oracles — Tue, 10 Feb 2009 21:33:25 GMT

Hi Flipper

Because of the tightening of credit, I really would advise you to pay down the us bank card to 1-9% and try to write goodwill letters for your lates and CO's.

If you have any unpaid CO or collections, I would try to PFD.

I think you should first try to clean up your report as much as you can and then apply for this card. Try to put yourself in the best possible position. This will also increase your score.

Hope this helps and keep us updated

Re: Sears CC

Anonymous — Tue, 10 Feb 2009 21:55:16 GMT

Thanks Oracles!

US Bank will be paid to under 9% by next week. Thanks Uncle Sam for giving me my money back!

There are no outstanding CO's or collections and CR's show no collection accounts.

What is a PFD?

How would you recommend handling the GW letters? Content, etc.

Re: Sears CC

oracles — Tue, 10 Feb 2009 22:03:30 GMT

PFD = Pay for Deletion, however you have paid all accounts and can not take advantage of this. Congrats BTW

I would do a search on here with the search terms GW letters, also go to the rebuilding credit forum and ask if someone has recent examples of GW letters that have been successful.

I just did a search for you, go to this thread and scroll down to examples of GW letters

Frequently Requested Threads

Hope this helps and keep us updated

Re: Sears CC

Anonymous — Tue, 10 Feb 2009 22:57:42 GMT

Thank you very much!

Re: Sears CC

Red1Blue — Tue, 10 Feb 2009 23:38:56 GMT

If you have no more than 2 inq's on EQ and scores are around 660-670 on EQ you should consider the Nordstrom Card. Excellent support and after 6 months they would upgrade you to Visa. Generous CL's and Great Customer Support.

Re: Sears CC

oracles — Wed, 11 Feb 2009 00:16:12 GMT

No problem Flipper and keep us updated

Re: Sears CC

iltph — Wed, 11 Feb 2009 04:59:59 GMT

I applied for Sears earlier tonight and got the 30 day notice. This is the last card that I want to get so I really hope I get it. Let us know how it went and I'll do the same when I receive a response. It's too bad they don't have anyway to check the status online.

Re: Sears CC

Anonymous — Wed, 11 Feb 2009 05:13:37 GMT

I have the store card, not the Visa or MC or whatever it is. They hate me. I have a limit of $500. I've had the card since 1996, no lates, no love when I ask for limit increases. I use the card every 3-4 months and pay it off immediately. They don't like that at all.

My plan is to go to them if I ever need a large purchase (i.e. appliance) and get the "emergency" increase. I don't know how else to get love from them without charging constantly, which I don't need/want to do.

Re: Sears CC

iltph — Wed, 11 Feb 2009 05:20:13 GMT

Are you serious? That is ridiculous! I figured I'd just apply and if they gave me a low CL then I could just work on increasing it over the next year. I usually only buy Craftsman tools and lawn equipment and when I buy a house in another year I'm sure I'd want to buy Kenmore appliances. $500 won't go very far when needing to buy washer/dryer, refridgerator, lawn mower, etc. **bleep**.

I'm an AU on my parent's account, which was opened in 1972 and has a $12,000 CL. My address is different from theirs so I'm not sure if that would make a difference with their decision.

Message Edited by iltph on 02-11-2009 12:20 AM

Re: Sears CC

Anonymous — Wed, 11 Feb 2009 05:27:59 GMT

I don't know, I just hope you have better luck than I did/am having! I'll never close it, though. Oldest account with perfect history. Here's the REAL kicker, it's only reporting to Experian. I can't seem to get it to report on the other two. It used to, then one day, it didn't...

ETA: Check out my score history - you'll see that Experian is always higher - and the above is the reason why.

Message Edited by Shnapple on 02-10-2009 09:27 PM

Re: Sears CC

iltph — Wed, 11 Feb 2009 05:31:46 GMT

My dad added me to his account about two weeks ago. They're also just reporting to EX for me, but I figured that was just because they're the only ones who have my parents address on my CR.

I was looking forward to pulling my EX score one last time tomorrow since my Dad's 37 year old Sears account started reporting and I had one collection of $5,000 and a CO of $7,500 deleted. Then I just received a notification yesterday that RJM is reporting a colleciton for like $50 that isn't even mine! ugggghh

Re: Sears CC

iltph — Thu, 12 Feb 2009 03:58:33 GMT

I was denied. I have two COs, one due to fall off within 2 months and the other is over 5 years old. I also have a couple 30 day lates that are over 4 years old. My UTL is less than 1% ($330/$9500). I asked if they would recon, but they said no! *%$@ers!

Re: Sears CC

Anonymous — Thu, 12 Feb 2009 04:45:51 GMT

I just bought something at Sears an hour ago, and the cashier wanted me to apply for the Sears card. I guess he was somehow surprised about the vehemence of my "NO!". I still had those damning reports from you guys in my head, I guess .

Anyway, he said I'd get $50 off my $80 purchase. Always these carrots .