topic Re: Get Out Your Crystal Balls in Credit Cards

Get Out Your Crystal Balls

John060675 — Sat, 25 Jan 2014 02:56:39 GMT

Ok, no one knows for sure, this I know. However, do you think it is worth applying for a Discover It CC with a score around 665 (should be when lower utilization reports).

I have 1 unpaid CO from 5 years ago and 1 collection from the same time ago. From my research it seems to be a 50 / 50 proposition but those posts were from a while ago.

I am just on the fence of what to do.

Re: Get Out Your Crystal Balls

gdale6 — Sat, 25 Jan 2014 03:04:44 GMT

Take the shot after everything updates, it will most likely be a TU pull. Good luck

Re: Get Out Your Crystal Balls

indiolatino61 — Sat, 25 Jan 2014 03:05:41 GMT

@John060675 wrote:
Ok, no one knows for sure, this I know. However, do you think it is worth applying for a Discover It CC with a score around 665 (should be when lower utilization reports).

I have 1 unpaid CO from 5 years ago and 1 collection from the same time ago. From my research it seems to be a 50 / 50 proposition but those posts were from a while ago.

I am just on the fence of what to do.

My brother got a $1,000 limit with a score of 668 in November, 2013 so it is definitely possible. The best of luck to you.

Re: Get Out Your Crystal Balls

John060675 — Sat, 25 Jan 2014 03:08:31 GMT

TU? On the site which I cannot name (google search credit pull database) it seems Discover pulls EQ or EX. Man, I hope they do not pull TU.

Re: Get Out Your Crystal Balls

baller4life — Sat, 25 Jan 2014 03:11:53 GMT

I thought Discover was EQ pullers! Good luck OP.

Re: Get Out Your Crystal Balls

gdale6 — Sat, 25 Jan 2014 03:14:20 GMT

For me everything is done on TU, am in ID. Have seen quite a few TU pulls in approval comments around the forums lately.

Re: Get Out Your Crystal Balls

myjourney — Sat, 25 Jan 2014 03:19:32 GMT

I see more info needed

INQ's in the last year?

Other cards and limits and how long you've had?

UTL?

Re: Get Out Your Crystal Balls

Libra85 — Sat, 25 Jan 2014 03:21:45 GMT

Discover pulled Equifax at the beginning of the month 1/2/14 called back for a recon 1/21/14 and they pulled TransUnion, I was approved for the Discover It Secured card.

Re: Get Out Your Crystal Balls

Swapmeet — Sat, 25 Jan 2014 03:22:20 GMT

Discover pulls EQ for the card and TU for cli--from what I've read. They pulled eq for my card...and cli in a few days.

Re: Get Out Your Crystal Balls

Stralem — Sat, 25 Jan 2014 03:23:15 GMT

I was approved with a 654 and a 6 year old unpaid collection on my reports. I don't remember what my util was at the time, but it was high.

Just go ahead an apply.

Re: Get Out Your Crystal Balls

Longroad — Sat, 25 Jan 2014 03:29:48 GMT

I apped last year and they pulled EX. I'm in TX

Edit: pulled EQ

Re: Get Out Your Crystal Balls

John060675 — Sat, 25 Jan 2014 03:33:26 GMT

Inquiries - 2 on each report

Cap 1 Quicksilver $1,200 - 6.5 years

Cap 1 Quicksilver $2,000 - 2 years (yes I have 2)

AMEX Optima $5,000 - 7 years

Barclays Rewards CC $500 - 6.5 years (never a CLI)

WF Rewards $1,500 - 6.5 years

Home Depot $3,000 - brand new, not reporting yet

Utilization is the tricky part. All are $0 balance except AMEX which will report $14, so 1% utilization on open accounts. Having said this, I have a PenFed CO from 2008 for $15,000 that is still showing a balance. This makes my total utilization at 156%.

I have been perfect on payments for the last 5 years.

Re: Get Out Your Crystal Balls

clocktick — Sat, 25 Jan 2014 03:38:43 GMT

They also pulled TU for me every time I applied.

Re: Get Out Your Crystal Balls

CreditMagic7 — Sat, 25 Jan 2014 03:42:57 GMT

@ gdale6

Same here in southern tip Indiana. Lenders of every sort (from bank auto/personal loans) to now credit card lenders assaults TU with a vengeance. If a CC pulls EQ or EX, it's always a green light. But TU is a Red Light.

Was approved in August with a 645 score.

Re: Get Out Your Crystal Balls

CreditMagic7 — Sat, 25 Jan 2014 03:49:26 GMT

Forgot to mention.

US Bank (80% util)
Fingerhut (0%)
Target (0%)

That was it!

Discover approval launched a Prime wide spree all via mailings. Go figure.

Re: Get Out Your Crystal Balls

myjourney — Sat, 25 Jan 2014 04:21:51 GMT

@John060675 wrote:
Inquiries - 2 on each report

Cap 1 Quicksilver $1,200 - 6.5 years
Cap 1 Quicksilver $2,000 - 2 years (yes I have 2)
AMEX Optima $5,000 - 7 years
Barclays Rewards CC $500 - 6.5 years (never a CLI)
WF Rewards $1,500 - 6.5 years
Home Depot $3,000 - brand new, not reporting yet

Utilization is the tricky part. All are $0 balance except AMEX which will report $14, so 1% utilization on open accounts. Having said this, I have a PenFed CO from 2008 for $15,000 that is still showing a balance. This makes my total utilization at 156%.

I have been perfect on payments for the last 5 years.

Ouch

Re: Get Out Your Crystal Balls

chwebb1 — Sat, 25 Jan 2014 05:34:37 GMT

@John060675 wrote:
Ok, no one knows for sure, this I know. However, do you think it is worth applying for a Discover It CC with a score around 665 (should be when lower utilization reports).

I have 1 unpaid CO from 5 years ago and 1 collection from the same time ago. From my research it seems to be a 50 / 50 proposition but those posts were from a while ago.

I am just on the fence of what to do.

FWIW, Discover pulled TU for me when I first applied and when I asked for CLI. I'm in VA.

Re: Get Out Your Crystal Balls

efranklin23 — Sat, 25 Jan 2014 08:07:22 GMT

@chwebb1 wrote:
@John060675 wrote:
Ok, no one knows for sure, this I know. However, do you think it is worth applying for a Discover It CC with a score around 665 (should be when lower utilization reports).

I have 1 unpaid CO from 5 years ago and 1 collection from the same time ago. From my research it seems to be a 50 / 50 proposition but those posts were from a while ago.

I am just on the fence of what to do.

FWIW, Discover pulled TU for me when I first applied and when I asked for CLI. I'm in VA.

Discover pulled both EQ and EX for me and I was approved for 5.5k. EX was 689 and EQ was 660

Re: Get Out Your Crystal Balls

-Wade- — Sat, 25 Jan 2014 08:14:24 GMT

@indiolatino61 wrote:
@John060675 wrote:
Ok, no one knows for sure, this I know. However, do you think it is worth applying for a Discover It CC with a score around 665 (should be when lower utilization reports).

I have 1 unpaid CO from 5 years ago and 1 collection from the same time ago. From my research it seems to be a 50 / 50 proposition but those posts were from a while ago.

I am just on the fence of what to do.

My brother got a $1,000 limit with a score of 668 in November, 2013 so it is definitely possible. The best of luck to you.

They pulled EQ on me! it will be toss up on you getting approved with 2 baddies!!!

Re: Get Out Your Crystal Balls

-Wade- — Sat, 25 Jan 2014 08:17:17 GMT

@myjourney wrote:
@John060675 wrote:
Inquiries - 2 on each report

Cap 1 Quicksilver $1,200 - 6.5 years
Cap 1 Quicksilver $2,000 - 2 years (yes I have 2)
AMEX Optima $5,000 - 7 years
Barclays Rewards CC $500 - 6.5 years (never a CLI)
WF Rewards $1,500 - 6.5 years
Home Depot $3,000 - brand new, not reporting yet

Utilization is the tricky part. All are $0 balance except AMEX which will report $14, so 1% utilization on open accounts. Having said this, I have a PenFed CO from 2008 for $15,000 that is still showing a balance. This makes my total utilization at 156%.

I have been perfect on payments for the last 5 years.

Ouch

Sorry but my ball just said no with what I have just read!!!