topic Re: Got My Card - Using Backdoor Underwriter Conversation in Credit Cards

Got My Card - Using Backdoor Underwriter Conversation

Dream850 — Thu, 17 Jan 2013 17:11:47 GMT

I want to thank each and everyone in this community for the fabulous tips and tricks. I have learned SO much here and am well on my way to re-establishing my credit.

In early 2012 my FICO was 581 and today it is 680. I've changed cities, gotten a new much better paying job, and leased a much needed new vehicle. Today was like icing on the cake though. I had been denied a Cashbuilder card at PNC Bank, even though I've been banking with them just over a year now, have had a $500 Secured Card with them and made sure to keep a nice sum in my savings account. So, rather than taking no for answer when denied the Cashbuilder Card, I asked the CSR what I could do to qualify. My 2 late accounts were from 2007 and I didn't feel it was fair to have to wait 2 more years for those to fall off. They switched me to an Underwriter who personally reviewed my application and when she came back from having me on hold said that she could approve me for $1000. YAY !!

So, in Jan 2012 I had zero credit cards, zero installment loans and that ugly 581.

Today I have...

PNC Secured $500 PIF monthly

MACY's Star Card $600 No charges yet

PayPal Bill Me Later $600 PIF monthly

and now PNC Cashbuilder $1000

Plus my Nissan Lease that began 7/12 paid 5 days early each month.

Now, time to sit back, tend to my garden and watch my credit grow!!

I feel like a new woman!!

Thanks again for all the great advice.

Re: Got My Card - Using Backdoor Underwriter Conversation

MsLadyRover — Thu, 17 Jan 2013 17:19:00 GMT

You've made great improvements in your journey. Congratulations!

Re: Got My Card - Using Backdoor Underwriter Conversation

alessandrom — Thu, 17 Jan 2013 18:08:16 GMT

Great job and congratulations your on the right path to freedom heh by the way bill me later is an awesome website do a lot of shopping through them however they do not report to the credit bureus so need to worry about paying them in full each month it wont reflect on ur credit report. Cheers

Re: Got My Card - Using Backdoor Underwriter Conversation

Anonymous — Thu, 17 Jan 2013 19:23:21 GMT

Congrats

Re: Got My Card - Using Backdoor Underwriter Conversation

Dream850 — Thu, 17 Jan 2013 21:38:35 GMT

Good to know about Bill Me Later! so maybe there's room for one more card, but will wait a bit.

Re: Got My Card - Using Backdoor Underwriter Conversation

GABrown — Fri, 18 Jan 2013 02:50:55 GMT

awesome story and congratulations!!!!

Re: Got My Card - Using Backdoor Underwriter Conversation

aplast — Fri, 18 Jan 2013 03:20:02 GMT

@alessandrom wrote:
Great job and congratulations your on the right path to freedom heh by the way bill me later is an awesome website do a lot of shopping through them however they do not report to the credit bureus so need to worry about paying them in full each month it wont reflect on ur credit report. Cheers

hmm it was to my understanding that bill me later is now a paypal company? Does anyone else know if they report?

Edit: OP congrats on your rebuilding process! It sounds like you have made some good ground! Keep up the good work.

Re: Got My Card - Using Backdoor Underwriter Conversation

tennisfan78 — Fri, 18 Jan 2013 03:23:21 GMT

Congratulations!!!

Re: Got My Card - Using Backdoor Underwriter Conversation

Creditaddict — Fri, 18 Jan 2013 03:26:56 GMT

@Dream850 wrote:
I want to thank each and everyone in this community for the fabulous tips and tricks. I have learned SO much here and am well on my way to re-establishing my credit.

In early 2012 my FICO was 581 and today it is 680. I've changed cities, gotten a new much better paying job, and leased a much needed new vehicle. Today was like icing on the cake though. I had been denied a Cashbuilder card at PNC Bank, even though I've been banking with them just over a year now, have had a $500 Secured Card with them and made sure to keep a nice sum in my savings account. So, rather than taking no for answer when denied the Cashbuilder Card, I asked the CSR what I could do to qualify. My 2 late accounts were from 2007 and I didn't feel it was fair to have to wait 2 more years for those to fall off. They switched me to an Underwriter who personally reviewed my application and when she came back from having me on hold said that she could approve me for $1000. YAY !!

So, in Jan 2012 I had zero credit cards, zero installment loans and that ugly 581.

Today I have...
PNC Secured $500 PIF monthly
MACY's Star Card $600 No charges yet
PayPal Bill Me Later $600 PIF monthly
and now PNC Cashbuilder $1000

Plus my Nissan Lease that began 7/12 paid 5 days early each month.

Now, time to sit back, tend to my garden and watch my credit grow!!

I feel like a new woman!!

Thanks again for all the great advice.

CONGRATS on the cards and the car... and I'm not saying you will do it, obviously most do not want to do it but Nissan/Infiniti do not count late, don't post late, and don't charge late until 20 days AFTER due date. Even then don't think you would even see 30 day late until about 90 days lay, they are very laid back as far as that sort of thing goes

Re: Got My Card - Using Backdoor Underwriter Conversation

alessandrom — Mon, 28 Jan 2013 02:42:57 GMT

Bill me later does not report. I have had it for a while and nowhere to be seen on my credit reports I also called and asked and confirmed what I already knew. Hope that answers your question.

Re: Got My Card - Using Backdoor Underwriter Conversation

Anonymous — Mon, 28 Jan 2013 02:45:55 GMT

Congrats, I know exactly the feeling and it's pretty awesome