topic Re: Walmart an Option with BK? in Credit Cards

Walmart an Option with BK?

Anonymous — Sun, 12 May 2013 20:11:22 GMT

I was curious if a Walmart card is a possibility if I have an old BK? I app'd for the Wally card in March and was turned down do to:

LACK OF INSTALLMENT LOAN INFORMATION
ACCOUNTS IN COLLECTION OR 60 DAYS PAST DUE OR ADVERSE PUBLIC RECORDS

I do have a BK back from 2005 and I also have 2 collection accounts from 2008. Other than that I have lots of positive trade lines. And since I was turned down in March, I've had 6 baddies deleted off my CR. Not sure of my new TU Fico since I won't get a updated score until June I really only want the card to get the free Fico. Do you think it's possible?

Re: Walmart an Option with BK?

somotao — Sun, 12 May 2013 23:42:05 GMT

The Walmart card is backed by GE, and they are known to be BK friendly. I was approved in Feb with a 2.5 Year old BK on my credit report. I am sure there are other factors put into considation before approving an individual. This Form is full of lots of success stories with Walmart. How is your current Utilization?

Re: Walmart an Option with BK?

Cali_Credit — Mon, 13 May 2013 00:38:14 GMT

There definitely BK friendly

Re: Walmart an Option with BK?

Guyatthebeach — Mon, 13 May 2013 00:39:13 GMT

My Ch7 BK was discharged in Feb '12 and I burned them for $5k. I was approved last month for Walmart card. So if I can get one, so should you. Call them for a reconn.

Re: Walmart an Option with BK?

specsnow — Wed, 15 May 2013 16:00:26 GMT

I agree. A recon is a good idea.

Re: Walmart an Option with BK?

Anonymous — Wed, 15 May 2013 16:12:41 GMT

As others have said, they are BK friendly to an extent.. Good luck!

Re: Walmart an Option with BK?

myjourney — Wed, 15 May 2013 23:12:14 GMT

@Anonymous wrote:
I was curious if a Walmart card is a possibility if I have an old BK? I app'd for the Wally card in March and was turned down do to:

LACK OF INSTALLMENT LOAN INFORMATION
ACCOUNTS IN COLLECTION OR 60 DAYS PAST DUE OR ADVERSE PUBLIC RECORDS

I do have a BK back from 2005 and I also have 2 collection accounts from 2008. Other than that I have lots of positive trade lines. And since I was turned down in March, I've had 6 baddies deleted off my CR. Not sure of my new TU Fico since I won't get a updated score until June I really only want the card to get the free Fico. Do you think it's possible?

Call for recon if that doesn't work and it should give it a few more months your TU score is borderline so you may want to wait until it's maybe about 15 pts higher.

But call 1st you've taken the HP don't let it go to waste.

Best wishes

Re: Walmart an Option with BK?

scarzy — Wed, 15 May 2013 23:25:28 GMT

I got approved for a store card six months out of bk7. Applied every month since Dec. of

2012, and was denied every single time until last week.

To my knowledge, I think I was approved because my score went up a few points. I

think I was hovering around 620. Also, before my bk7, I was on my wife's Walmart store card as an authorized user

for a year. They closed the account after discharged even though we had a zero balance. GE is very quirky sometimes!

Re: Walmart an Option with BK?

09Lexie — Wed, 15 May 2013 23:45:51 GMT

A BK in 2005 will not stop you from getting a Walmart cc. IMO, it was the 6 baddies that were on your cr at the time of applying. You also mentioned 2 CA from 2008, making that 8 baddies AFTER a BK. I'm sure they can look the other way on a couple of items but not 8 plus a BK.

Also, GE does not recon denials - since it has been more than 30 days since you applied and IF your CR's are updated to reflect the 6 baddies have been deleted- reapply.

Good luck!

Re: Walmart an Option with BK?

LS2982 — Wed, 15 May 2013 23:45:37 GMT

@Anonymous wrote:
I was curious if a Walmart card is a possibility if I have an old BK? I app'd for the Wally card in March and was turned down do to:

LACK OF INSTALLMENT LOAN INFORMATION
ACCOUNTS IN COLLECTION OR 60 DAYS PAST DUE OR ADVERSE PUBLIC RECORDS

I do have a BK back from 2005 and I also have 2 collection accounts from 2008. Other than that I have lots of positive trade lines. And since I was turned down in March, I've had 6 baddies deleted off my CR. Not sure of my new TU Fico since I won't get a updated score until June I really only want the card to get the free Fico. Do you think it's possible?

With baddies coming off I would try them again in 6 months.

Re: Walmart an Option with BK?

indiolatino61 — Thu, 16 May 2013 01:18:06 GMT

@Anonymous wrote:
I was curious if a Walmart card is a possibility if I have an old BK? I app'd for the Wally card in March and was turned down do to:

LACK OF INSTALLMENT LOAN INFORMATION
ACCOUNTS IN COLLECTION OR 60 DAYS PAST DUE OR ADVERSE PUBLIC RECORDS

I do have a BK back from 2005 and I also have 2 collection accounts from 2008. Other than that I have lots of positive trade lines. And since I was turned down in March, I've had 6 baddies deleted off my CR. Not sure of my new TU Fico since I won't get a updated score until June I really only want the card to get the free Fico. Do you think it's possible?

With BKs, it's always a YMMV situation. Some people are surprised to be approved, while others are denied. It is definitely possible, it's just hard to forecast what a specific outcome will be. Good luck in the future.