topic Re: Chase Freedom Question in Credit Cards

Chase Freedom Question

Anonymous — Thu, 01 Nov 2012 17:36:21 GMT

Hello everyone. I recently applied for and was denied a Chase Freedom due to two collections on my Equifax credt report (medical) that I am trying to get PFD. However, I pulled my TU credit report today from MyFico and those two collections are not showing. Would Chase be willing to pull my TU report to get me approved, or would it be best to see if I can get the medical collections removed, and try to recon that way?

Thanks in advance everyone.

Re: Chase Freedom Question

Anonymous — Thu, 01 Nov 2012 17:38:04 GMT

Definitely recon, explain your situation, and have them oull TU. You have a strong chance.

Re: Chase Freedom Question

distantarray — Thu, 01 Nov 2012 17:39:24 GMT

@Anonymous wrote:
Hello everyone. I recently applied for and was denied a Chase Freedom due to two collections on my Equifax credt report (medical) that I am trying to get PFD. However, I pulled my TU credit report today from MyFico and those two collections are not showing. Would Chase be willing to pull my TU report to get me approved, or would it be best to see if I can get the medical collections removed, and try to recon that way?

Thanks in advance everyone.

Never offer to PFD before DV imo, medical collections doesn't matter if it gets paid it must be deleted. Google Whychat Hippa process if you follow the steps properly you'll get it off 100%.

and I have to disagree with above poster, Chase is pretty strict they don't like seeing collections let alone unpaid unless you have a long relationship with them sometimes they work with you. They like to pull EQ and then EX so I really doubt they'll pull TU but worth a try your not losing anything but a little time for asking.

Re: Chase Freedom Question

Anonymous — Thu, 01 Nov 2012 17:41:17 GMT

I don't have a long relationship with them credit card wise, but they've been my bank for almost 10 years. But I don't think Chase takes that into consideration.

Re: Chase Freedom Question

Anonymous — Thu, 01 Nov 2012 17:43:10 GMT

@Anonymous wrote:
I don't have a long relationship with them credit card wise, but they've been my bank for almost 10 years. But I don't think Chase takes that into consideration.

Bring it up. If they pull TU, I believe you have a strong chance.

Re: Chase Freedom Question

distantarray — Thu, 01 Nov 2012 18:05:06 GMT

@Anonymous wrote:
I don't have a long relationship with them credit card wise, but they've been my bank for almost 10 years. But I don't think Chase takes that into consideration.

I know they do, my dad has a business credit card Chase Ink with them for 12 years and got Approved for a Sapphire card with 1 unpaid collections and 2 paid collections on his reports at the time with a Fico of 666 since Sapphires are generally only limited to 720+ customers. I also got approved for a Sapphire and Freedom even though my scores were 754 at the time my AAOA is barely 1.2 years when I apped, they generally don't approve 2 cards at once but I do have $50,000+ in my Chase banking accounts and they even told me that's why they were able to approve me. Chase is a very conservative bank when it comes to credit cards, even more than Amex from what I've been seeing. Especially with the generous sign on bonuses they want to ensure they get a chance at a good return investment on their new clients.

My clients in my list are 5 Chase branch managers and 1 district managers, they all verified that if you have more than $10,000 in banking with them that they take that into consideration as well and improves your chances a lot.

Re: Chase Freedom Question

Anonymous — Thu, 01 Nov 2012 18:10:41 GMT

When reconing do they automatically look this information up since they are only viewing the CR? Or does it pull up in their system I have an account as well?

Re: Chase Freedom Question

distantarray — Thu, 01 Nov 2012 18:12:14 GMT

@Anonymous wrote:
When reconing do they automatically look this information up since they are only viewing the CR? Or does it pull up in their system I have an account as well?

it should pull it up automatically, i know my banker at bank of america when I applied for a secured card last year looked at it and saw i had cards with them in the past while applying.

Re: Chase Freedom Question

p- — Thu, 01 Nov 2012 18:33:59 GMT

I've had great luck with Chase's Credit Analyst department regarding recon's. The number listed for this in the backdoor sticky works great, and I posted about my experience this week.

Not only are they friendly and fair, but were also very forthcoming with the reasons why I was denied or approved. It has really helped me focus my efforts on the items I know make a difference. For example, last year an analyst told me they didn't want to give me Sapphire or a higher limit because I had too much new credit. She pointed out the age of my new accounts, and the number of inquiries and said that she would like to see how I did with the new accounts before they extended more. It was a reasonable and transparent conversation., the likes of which you would love to have with a banker but never do.

This time, with over a year on those accounts and a lot less inquiries, I was good to go to double my total CL.

With Chase, I would ALWAYS recon. Even if you're not successful, you'll find out what they are worried about and know when you can app again successfully.

Re: Chase Freedom Question

Anonymous — Thu, 01 Nov 2012 18:52:28 GMT

YAY! Reconned and GOT APPROVED! $1000 limit! Thank you everyone! I could never have done it without you guys! Gardening time.

Re: Chase Freedom Question

Anonymous — Thu, 01 Nov 2012 19:32:01 GMT

Well done and congratulations!! Enjoy the card!

Re: Chase Freedom Question

Epcot — Thu, 01 Nov 2012 20:33:31 GMT

Congrats on the recon!

Re: Chase Freedom Question

distantarray — Thu, 01 Nov 2012 20:44:51 GMT

@Anonymous wrote:
YAY! Reconned and GOT APPROVED! $1000 limit! Thank you everyone! I could never have done it without you guys! Gardening time.

lol told ya recons work a lot better when you have existing accounts with them. cause the automated systems do not factor in banking accounts, but manual reviews do =)

they know that even if you default on credit cards they'll make some money as you as a client of their bank. this is a very important thing =)

Re: Chase Freedom Question

Anonymous — Thu, 01 Nov 2012 20:46:05 GMT

Hahah! Yeah I think it may have helped. Thank you guys again!

Re: Chase Freedom Question

distantarray — Thu, 01 Nov 2012 20:46:51 GMT

@Anonymous wrote:
Hahah! Yeah I think it may have helped. Thank you guys again!

lol wow you were quick adding the account to your signiture =D

Re: Chase Freedom Question

Anonymous — Thu, 01 Nov 2012 20:48:32 GMT

I know. Hahah! I've been fighting for this card for well over two years now. I applied about 2 years ago, and was denied and have been working my credit to try to get it. Its honestly the only CC I want right now, so I'm really happy about finally being approved.

Re: Chase Freedom Question

distantarray — Thu, 01 Nov 2012 20:50:44 GMT

@Anonymous wrote:
I know. Hahah! I've been fighting for this card for well over two years now. I applied about 2 years ago, and was denied and have been working my credit to try to get it. Its honestly the only CC I want right now, so I'm really happy about finally being approved.

lol congrats, remember to save all the freedom points, and once you get a sapphire transfer them all and collect 20% more for travel lol

I think that should be your next target =)

also what's keeping your scores down? you should have a better score but probably have something from long ago? remember everything can be disputed and removed.... look at the link in my sig

Re: Chase Freedom Question

Anonymous — Thu, 01 Nov 2012 20:56:00 GMT

Yes, I have 1 CO from Capital One that is paid from 2006 I believe that should be falling off next year around April. And WOW! Congrats on your journey! That is def. something to be proud of! I'm slowly climbing my way back after being careless when I was younger. And NOW I have 2 medical collections haunting me on my Equifax that I am doing the HIPAA to get removed since I never did recall receiving a bill for them or anything. I can't wait until I can have a score like that and get approved for the Sapphire!

Re: Chase Freedom Question

Imua — Fri, 02 Nov 2012 05:34:19 GMT

@Anonymous wrote:
I know. Hahah! I've been fighting for this card for well over two years now. I applied about 2 years ago, and was denied and have been working my credit to try to get it. Its honestly the only CC I want right now, so I'm really happy about finally being approved.

congrats!

doesn't it feel awesome to have reached a long held goal?!

Re: Chase Freedom Question

distantarray — Fri, 02 Nov 2012 05:36:48 GMT

@Anonymous wrote:
Yes, I have 1 CO from Capital One that is paid from 2006 I believe that should be falling off next year around April. And WOW! Congrats on your journey! That is def. something to be proud of! I'm slowly climbing my way back after being careless when I was younger. And NOW I have 2 medical collections haunting me on my Equifax that I am doing the HIPAA to get removed since I never did recall receiving a bill for them or anything. I can't wait until I can have a score like that and get approved for the Sapphire!

Ty, and try disputing the 2006 charge off as obsolete around January. Usually CRA's are good about deleting things early while the file is open within a few months earlier.