topic Re: Chase Freedom and Friends Issues of Rejection in Credit Cards

Chase Freedom and Friends Issues of Rejection

chaimanmau — Sat, 24 Nov 2012 19:02:01 GMT

Hello,

I just pulled the trigger on the Chase Freedom yesterday (and a couple others) and got the pending approval notice on the screen. I called the backdoor number today, 8882450625 and spoke to a gentleman that was helpful but very blunt. I was declined. I apparently have 2 collections that are currently reporting (CO's from 2005) and 2 that have not been reporting but are still showing (HSBC and CapOne). Aside from that everything seemed to be in order, UTIL at 37% (and he himself said the collections were hurting that score), and goodies on all current accounts. Current FICO through EX is 620.

I am currently on the phone with BofA (8007329194) and it seems as though I have also been declined for the BankAmericard Visa. I tried asking the rep what the reasons were and he declined to engage, I also asked him if he could PC that to a Secured Card and he still said to wait for the letter in the mail. Anyone with recent BofA success?

AMEX was just a shot at the moon. Declined off the bat.

BestBuy RewardZone MC approved me for $500. -- The only success I've had after gardening for 6 months.

My question is should I pursue calling them again and try to get connected to someone else? I am showing some pretty good success stories here, and was hoping I could be one of them! The feelings of rejection are quite great and I loathe.

Looking forward to any kind of insight you would be able to provide.

Re: Chase Freedom and Friends Issues of Rejection

shakalaka — Sat, 24 Nov 2012 19:16:41 GMT

Are the CO´s paid? Can you GW them?

With the CO reporting this will be a tough game. I guess only time can heal that.

Also 37% Util may be a little high. Below 30% would be better, below 10 the best ...

Re: Chase Freedom and Friends Issues of Rejection

RonDawg — Sat, 24 Nov 2012 19:19:23 GMT

@chaimanmau wrote:
Hello,

I just pulled the trigger on the Chase Freedom yesterday (and a couple others) and got the pending approval notice on the screen. I called the backdoor number today, 8882450625 and spoke to a gentleman that was helpful but very blunt. I was declined. I apparently have 2 collections that are currently reporting (CO's from 2005) and 2 that have not been reporting but are still showing (HSBC and CapOne). Aside from that everything seemed to be in order, UTIL at 37% (and he himself said the collections were hurting that score), and goodies on all current accounts. Current FICO through EX is 620.

I am currently on the phone with BofA (8007329194) and it seems as though I have also been declined for the BankAmericard Visa. I tried asking the rep what the reasons were and he declined to engage, I also asked him if he could PC that to a Secured Card and he still said to wait for the letter in the mail. Anyone with recent BofA success?

AMEX was just a shot at the moon. Declined off the bat.

BestBuy RewardZone MC approved me for $500. -- The only success I've had after gardening for 6 months.

My question is should I pursue calling them again and try to get connected to someone else? I am showing some pretty good success stories here, and was hoping I could be one of them! The feelings of rejection are quite great and I loathe.

Looking forward to any kind of insight you would be able to provide.

you say you have 2 accounts reporting CO since 2005? I would pull all my credit reports and dispute the CO's as they should have dropped off by now. CO's should only be on your CRs for 7 years.

Re: Chase Freedom and Friends Issues of Rejection

resilient — Sat, 24 Nov 2012 21:05:44 GMT

Nothing for the group, but OP's signature is awesome!

Re: Chase Freedom and Friends Issues of Rejection

distantarray — Sat, 24 Nov 2012 21:26:18 GMT

@RonDawg wrote:
@chaimanmau wrote:
Hello,

I just pulled the trigger on the Chase Freedom yesterday (and a couple others) and got the pending approval notice on the screen. I called the backdoor number today, 8882450625 and spoke to a gentleman that was helpful but very blunt. I was declined. I apparently have 2 collections that are currently reporting (CO's from 2005) and 2 that have not been reporting but are still showing (HSBC and CapOne). Aside from that everything seemed to be in order, UTIL at 37% (and he himself said the collections were hurting that score), and goodies on all current accounts. Current FICO through EX is 620.

I am currently on the phone with BofA (8007329194) and it seems as though I have also been declined for the BankAmericard Visa. I tried asking the rep what the reasons were and he declined to engage, I also asked him if he could PC that to a Secured Card and he still said to wait for the letter in the mail. Anyone with recent BofA success?

AMEX was just a shot at the moon. Declined off the bat.

BestBuy RewardZone MC approved me for $500. -- The only success I've had after gardening for 6 months.

My question is should I pursue calling them again and try to get connected to someone else? I am showing some pretty good success stories here, and was hoping I could be one of them! The feelings of rejection are quite great and I loathe.

Looking forward to any kind of insight you would be able to provide.
you say you have 2 accounts reporting CO since 2005? I would pull all my credit reports and dispute the CO's as they should have dropped off by now. CO's should only be on your CRs for 7 years.

This..... 2005 charge offs should be removed i would send disputes to all credit reporting agencies that these items are obsolete then try to recon after

Re: Chase Freedom and Friends Issues of Rejection

chaimanmau — Sat, 24 Nov 2012 21:26:51 GMT

The CO's were not paid for and were forwarded to CA's.. which are still showing current. I was thinking of sending them DV's since since I am on the cusp of the CRTP but am reluctant as that might do more harm than good.

DOFD on the OC is in and around mid-late 2006.

Should I wait or send a DV to all of them?

Thanks.

Re: Chase Freedom and Friends Issues of Rejection

distantarray — Sat, 24 Nov 2012 21:32:46 GMT

@chaimanmau wrote:
The CO's were not paid for and were forwarded to CA's.. which are still showing current. I was thinking of sending them DV's since since I am on the cusp of the CRTP but am reluctant as that might do more harm than good.

DOFD on the OC is in and around mid-late 2006.

Should I wait or send a DV to all of them?

Thanks.

just make sure it's out of statues of limitations then if so fire away goodwills and with conunction of DV's. if your in NY you can just file a complaint to get it removed if you settle on the bill for little as possible and dispute it as obsolete under NY FCRA paid collections are deleted in 5 years not 7

Re: Chase Freedom and Friends Issues of Rejection

youngandcreditwrthy — Sat, 24 Nov 2012 21:47:03 GMT

Dispute, dispute, DISPUTE. It is the debt collectors responsibility to provide DV. And in some states, they must provide the debtor (you) with the method of verification. Chances are, if a debt has been passed through several agencies, they barely have any info on you.

Re: Chase Freedom and Friends Issues of Rejection

adavis425 — Sat, 24 Nov 2012 21:50:45 GMT

@resilient wrote:
Nothing for the group, but OP's signature is awesome!

Re: Chase Freedom and Friends Issues of Rejection

chaimanmau — Sat, 24 Nov 2012 21:50:56 GMT

@distantarray wrote:
@chaimanmau wrote:
The CO's were not paid for and were forwarded to CA's.. which are still showing current. I was thinking of sending them DV's since since I am on the cusp of the CRTP but am reluctant as that might do more harm than good.

DOFD on the OC is in and around mid-late 2006.

Should I wait or send a DV to all of them?

Thanks.
just make sure it's out of statues of limitations then if so fire away goodwills and with conunction of DV's. if your in NY you can just file a complaint to get it removed if you settle on the bill for little as possible and dispute it as obsolete under NY FCRA paid collections are deleted in 5 years not 7

Re: Chase Freedom and Friends Issues of Rejection

chaimanmau — Sat, 24 Nov 2012 21:51:39 GMT

@adavis425 wrote:
@resilient wrote:
Nothing for the group, but OP's signature is awesome!
+1

Haha! Right on!

Re: Chase Freedom and Friends Issues of Rejection

chaimanmau — Sat, 24 Nov 2012 21:56:45 GMT

@youngandcreditwrthy wrote:
Dispute, dispute, DISPUTE. It is the debt collectors responsibility to provide DV. And in some states, they must provide the debtor (you) with the method of verification. Chances are, if a debt has been passed through several agencies, they barely have any info on you.

Dispute with each CRA? Like I mentioned, the in my last reply:

I'm in CA. My last Experian report shows these accounts staying current until next May-Nov of next year but are well beyond the SOL ( CA SOL is 4 years, CRTP is 7). Should I wait until the dates listed on the CR to send out DV's/GW letters or can I get the process started now? This is all new to me.. I'm starting to take control of all the mistakes from when I was young and am attempting to rectify them.

Is there like a how-to on all this? I've done a fair share of searching.. hence, I am somewhat versed with the process involved but would appreciate more instruction...

Re: Chase Freedom and Friends Issues of Rejection

RonDawg — Sat, 24 Nov 2012 23:10:57 GMT

@chaimanmau wrote:
The CO's were not paid for and were forwarded to CA's.. which are still showing current. I was thinking of sending them DV's since since I am on the cusp of the CRTP but am reluctant as that might do more harm than good.

DOFD on the OC is in and around mid-late 2006.

Should I wait or send a DV to all of them?

Thanks.

As long as you have not made any payments on these CO's from the time of Charge Off then you can have them removed from your CRs but if you have made any payments at all the Statued of limitations starts over from the time of the last payment. The laws are crazy. But dispute them anyways. Its the best way to have them removed. The CAs are jerks they like to keep reporting as current debt just because if you are not informed then you keep being punished but this is not law and if you dispute it then they need to remove it. If they fight you and refuse to remove it then seek legal advice. Most CA's don't want to fight the law as it could cause them to lose their license.

Re: Chase Freedom and Friends Issues of Rejection

Anonymous — Sun, 25 Nov 2012 00:44:23 GMT

@chaimanmau wrote:
@youngandcreditwrthy wrote:
Dispute, dispute, DISPUTE. It is the debt collectors responsibility to provide DV. And in some states, they must provide the debtor (you) with the method of verification. Chances are, if a debt has been passed through several agencies, they barely have any info on you.
Dispute with each CRA? Like I mentioned, the in my last reply:

I'm in CA. My last Experian report shows these accounts staying current until next May-Nov of next year but are well beyond the SOL ( CA SOL is 4 years, CRTP is 7). Should I wait until the dates listed on the CR to send out DV's/GW letters or can I get the process started now? This is all new to me.. I'm starting to take control of all the mistakes from when I was young and am attempting to rectify them.

Is there like a how-to on all this? I've done a fair share of searching.. hence, I am somewhat versed with the process involved but would appreciate more instruction...

Start a thread in the rebuilding section and we will help you.

Re: Chase Freedom and Friends Issues of Rejection

Anonymous — Sun, 25 Nov 2012 00:44:47 GMT

@chaimanmau wrote:
@adavis425 wrote:
@resilient wrote:
Nothing for the group, but OP's signature is awesome!
+1

Haha! Right on!

+1000

Re: Chase Freedom and Friends Issues of Rejection

chaimanmau — Sun, 25 Nov 2012 02:01:54 GMT

@Anonymous wrote:
@chaimanmau wrote:
@youngandcreditwrthy wrote:
Dispute, dispute, DISPUTE. It is the debt collectors responsibility to provide DV. And in some states, they must provide the debtor (you) with the method of verification. Chances are, if a debt has been passed through several agencies, they barely have any info on you.
Dispute with each CRA? Like I mentioned, the in my last reply:

I'm in CA. My last Experian report shows these accounts staying current until next May-Nov of next year but are well beyond the SOL ( CA SOL is 4 years, CRTP is 7). Should I wait until the dates listed on the CR to send out DV's/GW letters or can I get the process started now? This is all new to me.. I'm starting to take control of all the mistakes from when I was young and am attempting to rectify them.

Is there like a how-to on all this? I've done a fair share of searching.. hence, I am somewhat versed with the process involved but would appreciate more instruction...
Start a thread in the rebuilding section and we will help you.

I just did! Thanks so much!