topic Re: So here's the deal with Walmart CC in Credit Cards

So here's the deal with Walmart CC

shorrttyycm1 — Mon, 23 Apr 2012 16:51:41 GMT

K, so here is the deal with Walmart CC. I app'd and was declined due to bk7. So, I called and acidentally got transfered to business underwriting...very nice woman gave me the following number to individual accounts underwriting: 18004800205. Called, asked their criteria and was told that any consumer with less than 24 months since discharge will automatically be declined with NO chance of reconsideration. After 24 months, they will review and either approve or decline based on credit since discharge. Anyone who included one of their cards in bankruptcy is VERY (stressed this word) unlikely to obtain a new card.

Just thought I would share :-)

Re: So here's the deal with Walmart CC

Creditaddict — Mon, 23 Apr 2012 16:55:59 GMT

@shorrttyycm1 wrote:
K, so here is the deal with Walmart CC. I app'd and was declined due to bk7. So, I called and acidentally got transfered to business underwriting...very nice woman gave me the following number to individual accounts underwriting: 18004800205. Called, asked their criteria and was told that any consumer with less than 24 months since discharge will automatically be declined with NO chance of reconsideration. After 24 months, they will review and either approve or decline based on credit since discharge. Anyone who included one of their cards in bankruptcy is VERY (stressed this word) unlikely to obtain a new card.

Just thought I would share :-)

Not one of these statements from this rep are true!!

You can get a GE card before 24 months

You can get a GE card if they were included in BK

Now based on lots of posts for GE, especially Walmart since offering TU Fico score, the time since the account was in BK to getting a new account varies FAR!

Re: So here's the deal with Walmart CC

Anonymous — Mon, 23 Apr 2012 17:09:35 GMT

I called that same number and they told me to wait 24 months post bankruptcy and the guy said he didnt know if it would hurt my chances since walmart was included in my bk! Im almost 4 months post bk and got declined due to bk

Re: So here's the deal with Walmart CC

shorrttyycm1 — Mon, 23 Apr 2012 17:24:08 GMT

Misshopeful72: Your previous post is what prompted me to call

So, two out of three were told 24 months...where did you get the information that waiting 24 months was wrong info?? Just curious?

Re: So here's the deal with Walmart CC

Anonymous — Mon, 23 Apr 2012 17:32:28 GMT

I know that when I looked at whogavemecredit.com those that were approved with a bk they said their bk was three years old and older. I don't know of anyone with a ge backed card that got approved withine two years of a bk. I wish I would have known this before I wasted two inquiries on Walmart.

Re: So here's the deal with Walmart CC

shorrttyycm1 — Mon, 23 Apr 2012 17:44:47 GMT

Ik the feeling I wasted two inquires over the past 6 months on GE cards...

Re: So here's the deal with Walmart CC

Revelate — Mon, 23 Apr 2012 17:58:31 GMT

FWIW, underwriting criteria change all the time. Literally, I've seen lending underwriting criteria change weekly at places I've worked, so blanket assumptions on any particular lender's current profile can be substantially off. I suspect based on what was posted here, that probably the 2 years post BK is accurate... it sort of makes sense in today's economic climate: the wheels came off in 2007, with a bunch of issues between that and 2010. 2 years have mostly passed since that time (or soon will be), and any BK post that may be something else entirely.

I'm not saying recent BK's aren't perfectly fine people: I post my scores in my sig, I'm obviously no angel, I'm just trying to suggest what lenders might be thinking from that criteria. Of course it may be even more simple: 2 years of good credit history is a non-trivial predictor of future good behavior in today's society.

Re: So here's the deal with Walmart CC

mrsjr — Fri, 13 Sep 2013 22:34:51 GMT

Hi All -

Just wanted to let everyone know about my situation. My BK7 discharged in 07/2012. A JCPenney card was included in that. After discharge, GE did not update that account as "included in bankruptcy." So, I disputed it, and they removed it completely from all 3 credit files. In 02/2013, I applied for the Walmart credit card and was declined due to BK. At that point, nothing negative from GE was reporting on my credit files. I decided to wait a year post-discharge to try again. I just applied 09/13/2013 and was approved for $1200. So, it was 14 months post-discharge and I was approved. I also had GE in my bankruptcy, although it was not reporting on my credit files. Don't know if that made a difference or not. Anyway, good luck to everyone! There's always hope!

Re: So here's the deal with Walmart CC

JMMD — Fri, 13 Sep 2013 23:18:58 GMT

@Creditaddict wrote:
@shorrttyycm1 wrote:
K, so here is the deal with Walmart CC. I app'd and was declined due to bk7. So, I called and acidentally got transfered to business underwriting...very nice woman gave me the following number to individual accounts underwriting: 18004800205. Called, asked their criteria and was told that any consumer with less than 24 months since discharge will automatically be declined with NO chance of reconsideration. After 24 months, they will review and either approve or decline based on credit since discharge. Anyone who included one of their cards in bankruptcy is VERY (stressed this word) unlikely to obtain a new card.

Just thought I would share :-)
Not one of these statements from this rep are true!!
You can get a GE card before 24 months
You can get a GE card if they were included in BK

Now based on lots of posts for GE, especially Walmart since offering TU Fico score, the time since the account was in BK to getting a new account varies FAR!

I agree. We filed Ch. 7 in Nov 2011 and were discharged Feb 2012. My husband and I both applied for a WM CC in May 2013 and were both approved. We also applied and were approved for Amazon and JCP, which are also GE cards.

Re: So here's the deal with Walmart CC

scarzy — Sat, 14 Sep 2013 01:52:00 GMT

That's not true. My CH7 was discharged in Nov. 2012. I got a Walmart store card six months later!

Re: So here's the deal with Walmart CC

Anonymous — Sat, 14 Sep 2013 02:04:24 GMT

I have 3 Ge cards, including walmart and my bankruptcy date is below...

Re: So here's the deal with Walmart CC

djc1puno — Sat, 14 Sep 2013 02:10:41 GMT

I think its safe to say its YMMV for bks. Perhaps theres also other parts of individuals reports that determine acceptance post bk.

Re: So here's the deal with Walmart CC

yepbob — Sat, 14 Sep 2013 02:43:13 GMT

My ch 7 Bk was discharged 1/29/2013 (yep this year) and I got a pre-approved letter from Walmart the end of July. I thought it was a fluke but applied online anyway .... instant approval for $600. I included multiple GEMB cards in my bankruptcy too.

Re: So here's the deal with Walmart CC

Guyatthebeach — Sun, 15 Sep 2013 20:17:40 GMT

My bankruptcy was discharged in February 2012 and I waited one year before applying for a Walmart card. I applied earlier this year for a Walmart card and was approved for $300.00. My credit line was increased to $900.00 after a few months. I always pay in full now. I do like FICO score.

I guess a GE approval varies app to app.