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Approval chances for discover it w/ch7

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Anonymous
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Approval chances for discover it w/ch7

i have been trying for months of getting a prequalified offer on the discover it but have never been able to get anything solid showing a fixed apr as stated on some posts until today. my question is what are my chaces of getting approved after being denied 2 time in the past by discover for bk reporting? my current fico8 are: TU669, EX 661, EQ665. i have over 31k in credit lines, any advice is greatly appreciated, Thanks.

Message 1 of 32
31 REPLIES 31
Anonymous
Not applicable

Re: Approval chances for discover it w/ch7

Welcome to the forum. It is going to be hit or miss in regards to getting approved. I have seen people get approved around 2 years after bk as well as seen people get denied 5-6 years after. There is more to it than just the bk. How long ago was it? Was discover part of the bk? What does your current file look like? Best of luck to you and hope you do finally get the approval you want but it is hard to say. There isn't any rhyme or reason behing how they view bk's.

Message 2 of 32
AverageJoesCredit
Legendary Contributor

Re: Approval chances for discover it w/ch7

100% agree with above poster, no rhyme no reason. Ive seen plenty here post of being approved with bks showing, could be their income wasa more significant factor or could be other.
In my case never had Discover didnt IIB received like 5 mailers in a 2 month period and have 4 wasted hard pulls to show for it on my reports. The last time they even double me and still wouldnt budge. 1st reasons was the bks, now they are down to too many inquiries or my favorite , no savings account. WTH?
Anyhow , each person is different so i cant say no dont apply cuz you just may be the one they likeSmiley Happy Only use caution when doing so. I believe ill get an Amex before i ever see a Discover, and im only nine years in to a possible 20 to life sentence for burning Amex Smiley Happy Smiley Happy
Best of luck OPSmiley Happy
Message 3 of 32
Anonymous
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Re: Approval chances for discover it w/ch7

Thanks for the response, my bk was filed 08/14 and d/c 12/14. Discover was not IIB. I havent been late after the bk my uti is 1% and i have the following inq's: TU 10(1 in last 12months) EQ 8(0 in last 12mos) and EX 11( 1 last 12mos). I have 12 positive TL's highest is Cap Qs $5500, Cap QS $3500, Cap secured $501, Barclaycard rwds $2800, Apple Reeards $2000, Walmar SC $5000, Old navy Sc $4000, Target $2000, Overstock $3000, VS $1850, and Kohls $700 my AAoA is 1yr and 9mos.
Message 4 of 32
Anonymous
Not applicable

Re: Approval chances for discover it w/ch7


@Anonymous wrote:
Thanks for the response, my bk was filed 08/14 and d/c 12/14. Discover was not IIB. I havent been late after the bk my uti is 1% and i have the following inq's: TU 10(1 in last 12months) EQ 8(0 in last 12mos) and EX 11( 1 last 12mos). I have 12 positive TL's highest is Cap Qs $5500, Cap QS $3500, Cap secured $501, Barclaycard rwds $2800, Apple Reeards $2000, Walmar SC $5000, Old navy Sc $4000, Target $2000, Overstock $3000, VS $1850, and Kohls $700 my AAoA is 1yr and 9mos.

OP, seeing as the bk was not discharged until 12/14, if it were me, I would wait until at least 2 years has passed before applying. Don't get me wrong, I am not saying that you won't get approved, I just haven't seen anyone get approved before the 2 year mark. There are others on here that might be able to shed some more light on this subject and even the possibility of another member chimming in that has been in the same boat as you.

Message 5 of 32
Anonymous
Not applicable

Re: Approval chances for discover it w/ch7


@Anonymous wrote:

i have been trying for months of getting a prequalified offer on the discover it but have never been able to get anything solid showing a fixed apr as stated on some posts until today. my question is what are my chaces of getting approved after being denied 2 time in the past by discover for bk reporting? my current fico8 are: TU669, EX 661, EQ665. i have over 31k in credit lines, any advice is greatly appreciated, Thanks.


Try to apply for one of this Discover Cards.Smiley Happy...... http://www.creditcards.com/credit-cards/discover-it-for-students-221810947.php?catid=27 .........OR......... http://www.creditcards.com/credit-cards/discover-it-chrome-for-students-221810946.php?catid=27  ......  ,Even though they say they are for "Students" you don't need to be a Student to get them and they are much easier to be Approved than the Regular Discover iT Cards Smiley Wink

Message 6 of 32
Anonymous
Not applicable

Re: Approval chances for discover it w/ch7


@AverageJoesCredit wrote:
100% agree with above poster, no rhyme no reason. Ive seen plenty here post of being approved with bks showing, could be their income wasa more significant factor or could be other.
In my case never had Discover didnt IIB received like 5 mailers in a 2 month period and have 4 wasted hard pulls to show for it on my reports. The last time they even double me and still wouldnt budge. 1st reasons was the bks, now they are down to too many inquiries or my favorite , no savings account. WTH?
Anyhow , each person is different so i cant say no dont apply cuz you just may be the one they likeSmiley Happy Only use caution when doing so. I believe ill get an Amex before i ever see a Discover, and im only nine years in to a possible 20 to life sentence for burning Amex Smiley Happy Smiley Happy
Best of luck OPSmiley Happy

Did your mailers have the large range apr? Or a small range? 

Message 7 of 32
Anonymous
Not applicable

Re: Approval chances for discover it w/ch7

Thanks for all the replies everyone, Justagirl73 the apr was not a range it is a set apr. its real high but that doesnt bother me since i dont carry a balance usually.
Message 8 of 32
AverageJoesCredit
Legendary Contributor

Re: Approval chances for discover it w/ch7

Agree again with James, 2 years post maybe pushing it but what i see that may help you is that your inquiries on EQ look really good, only 8 and 0 in 12 months, id take that any day of the week to Discover seeing as they always throw that back at me Smiley Happy. So could swing your way...
@justagirl73, if your question was at me , yeah all those mailers had the 3 point range , though for me i believe lowest offer was like 15-18. I must admit on my last app i just got mad and said well, since im gonna garden for next 2 years, ill give it one more try apped on amazon for their discover offer and of course i got hit with 1) too many inqs 2) something about bankcards and 3) too many inqs, Double whammy. I would like to see if when i unfreeze my reports and in 2 years im super clean and doing good if i ever receieve another mailer. If so, probably just go to shredder,only so much heartbreak one can takeSmiley Happy
Message 9 of 32
Anonymous
Not applicable

Re: Approval chances for discover it w/ch7

That is disheartening....I thought the 3 point range was a sure thing Smiley Frustrated

Congrats op for getting the set apr......hopefully that is a sure thing! Keep us posted if you pull the app trigger Smiley Happy

Message 10 of 32
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