topic Re: App spree fail after signing on new home in Credit Cards

App spree fail after signing on new home

rkb84 — Thu, 03 Jan 2013 14:32:36 GMT

Well I worked on my credit for a while, though I got a good but accomplished. Was able to close on my house on the 31st, and decided I should be good to get a few cards now finally to build up. Scores at time of apps

EX: 679

TU:670

EQ:657

First, Walmart.. apped in store and it said I had to call to complete app, I called to verify and they said declined with no reason, I would get a letter in 7-10.

Cap 1 Cash Rewards- 7-10 message, called and they asked some questions and asked I fax a copy of ID and a bill with address.

Then for the hell of it, I went for a Chase Freedom since with all these inquiries it will be over a year until I can get a new card anyways.. Said additional processing needed so I called backdoor #, they said it was declinced due to recent paid collection but I could get another manual review if I removed an Equifax security alert. I did that and called back, they requested the same info as Cap 1 and I faxed that, still wating on something.

I figured I was at the point where I coould at least get the Walmart and Cap 1, curretly I have a Cap 1 secured, am an Joint Cardmember on a Chase Slate, also have good years worth of on time payment on a car loan, and student loan. Kind off disappointed I guess I will need to wait a good bit for all the inquiries to drop first.

Re: App spree fail after signing on new home

jcstarkey8826 — Thu, 03 Jan 2013 14:46:57 GMT

Im also surprised you didnt get the wal mart card. I was at 674 when I got my card and it was an instant approval. I also got my freedom the same day so hopefully that will pull through for you!

Re: App spree fail after signing on new home

rkb84 — Thu, 03 Jan 2013 14:50:03 GMT

I know I am pretty bummed I was waiting all this time to get a few cards to do it right this time, plus I wanted to go get some furniture financed and am afraid it won't go through.

Re: App spree fail after signing on new home

rtw — Thu, 03 Jan 2013 14:53:25 GMT

Hope it works out with Chase.

Re: App spree fail after signing on new home

webhopper — Thu, 03 Jan 2013 14:55:18 GMT

@rkb84 wrote:
Well I worked on my credit for a while, though I got a good but accomplished. Was able to close on my house on the 31st, and decided I should be good to get a few cards now finally to build up. Scores at time of apps

EX: 679
TU:670
EQ:657

First, Walmart.. apped in store and it said I had to call to complete app, I called to verify and they said declined with no reason, I would get a letter in 7-10.

Cap 1 Cash Rewards- 7-10 message, called and they asked some questions and asked I fax a copy of ID and a bill with address.

Then for the hell of it, I went for a Chase Freedom since with all these inquiries it will be over a year until I can get a new card anyways.. Said additional processing needed so I called backdoor #, they said it was declinced due to recent paid collection but I could get another manual review if I removed an Equifax security alert. I did that and called back, they requested the same info as Cap 1 and I faxed that, still wating on something.

I figured I was at the point where I coould at least get the Walmart and Cap 1, curretly I have a Cap 1 secured, am an Joint Cardmember on a Chase Slate, also have good years worth of on time payment on a car loan, and student loan. Kind off disappointed I guess I will need to wait a good bit for all the inquiries to drop first.

Sounds like you were approved for Freedom and for the Cap 1 card...

Congrats! They wouldn't be having you fax stuff in without it being an approval... otherwise why bother right?

I was asked to fax a utility bill and my ID to Chase when I got the Chase Amazon card last year.

Re: App spree fail after signing on new home

rkb84 — Thu, 03 Jan 2013 14:57:20 GMT

Yeah they actually did ask for a utility bill and ID, that's good to hear hopefully you are right! Should I call and follow up and let them know I faxed it?

Re: App spree fail after signing on new home

webhopper — Thu, 03 Jan 2013 14:58:53 GMT

@rkb84 wrote:
Yeah they actually did ask for a utility bill and ID, that's good to hear hopefully you are right! Should I call and follow up and let them know I faxed it?

my advice would be to give it like 3 days... It is very slow for them to get things off the fax machine... After the 3rd day you can call and ask about the status of your application

Re: App spree fail after signing on new home

rkb84 — Thu, 03 Jan 2013 15:01:16 GMT

Thanks for the advice I will try that

Re: App spree fail after signing on new home

Anonymous — Thu, 03 Jan 2013 15:14:57 GMT

A bit of a coin flip with those scores but I think your rational for the timing and your execution is sound. Good luck, time will be on your side.

Re: App spree fail after signing on new home

natashahol — Thu, 03 Jan 2013 15:16:30 GMT

I had just closed on my house when I applied for Chase so my address was not verifiable. Chase asked for either a utility bill or copy of DL. It took forever for them to get it and update it. I'll blame it on the holidays and possibly user error. But once they received it I was approved. The first copy of my DL was not readable. Make sure when you fax the DL that you use a zoom option on your copier to make the license as big as possible so that that the image and words are legible. Also if you have a special option to fax photos use it. I think they got tired of me because I stalked the back door number. It was worth it in the end though Don't be afraid to call, but do give it about three days first.. Good luck!

Re: App spree fail after signing on new home

Anonymous — Thu, 03 Jan 2013 15:39:49 GMT

Chase is slow. Applied for the Freedom on 12/22. Still waiting. Finished giving final verification yesterday. They said call back for the verdict in 7 days. We are closing on a house in 30-45 days. I really want that card so I can charge some furniture on it after closing and then pay in full the next month when my yearly bonus comes in.

Re: App spree fail after signing on new home

creditnocash — Thu, 03 Jan 2013 16:56:20 GMT

personally i would have waited until the loan was funded.

did you use your old or new adress on the apps?

Re: App spree fail after signing on new home

webhopper — Thu, 03 Jan 2013 17:50:23 GMT

@Anonymous wrote:
Chase is slow. Applied for the Freedom on 12/22. Still waiting. Finished giving final verification yesterday. They said call back for the verdict in 7 days. We are closing on a house in 30-45 days. I really want that card so I can charge some furniture on it after closing and then pay in full the next month when my yearly bonus comes in.

Generally speaking, it is not adviseable to apply for a new credit card while you are in the process of trying to get closed on a home. Not a good choice.

Did you call recon line already?

Re: App spree fail after signing on new home

Anonymous — Thu, 03 Jan 2013 21:13:06 GMT

@webhopper wrote:
@Anonymous wrote:
Chase is slow. Applied for the Freedom on 12/22. Still waiting. Finished giving final verification yesterday. They said call back for the verdict in 7 days. We are closing on a house in 30-45 days. I really want that card so I can charge some furniture on it after closing and then pay in full the next month when my yearly bonus comes in.
Generally speaking, it is not adviseable to apply for a new credit card while you are in the process of trying to get closed on a home. Not a good choice.

Did you call recon line already?

Yes, now days the often repull a CR just before closing to see what has been going on. So be prepared to answer questions from the UW about why you applied and what credit line was granted. Not sure that the above reason would be the best (may raise issues about your cash flow) so maybe say something like "to get the 5% bonus categories" etc etc. Or you may not be asked.

Re: App spree fail after signing on new home

rkb84 — Tue, 08 Jan 2013 18:30:12 GMT

Got my response back from Chase on the phone, 8,000 starting limit.. really surprised actually this is great. Wondering if I should try for one more prime card now, which would be the best choice in this level?

Re: App spree fail after signing on new home

Anonymous — Tue, 08 Jan 2013 18:36:15 GMT

Congrats on the approval.

Re: App spree fail after signing on new home

Anonymous — Tue, 08 Jan 2013 18:37:56 GMT

Just curious but did you have any baddies on your CR? Only ask since you mentioned you had a cap 1 secured card.

Re: App spree fail after signing on new home

rkb84 — Tue, 08 Jan 2013 18:44:32 GMT

I have a 5 year old CO for cap1, and a paid off collection (cell phone) for $400 from last year