CareCredit

[renamariee]

What is the typical score needed to get approved for a CareCredit card with just a $2000 CL? My score is 585 but I have a handful of collections and late payments. (Very recent)

[Vegas4Play]

Do you have any positive accounts? Approval isnt going to be based solely on credit score ( the number ) but what is on the report as well. JMO

[Anonymous]

---

@renamariee wrote:

What is the typical score needed to get approved for a CareCredit card with just a $2000 CL? My score is 585 but I have a handful of collections and late payments. (Very recent)

---

585 likely won't be enough, and if all those collections and late payments are as recent as you say, that would be the kicker.  Get your collections paid off (Pay for Delete if you can help it) and don't miss any more payments and in a year you can try for something reasonable. 

[renamariee]

I have two student loans that are in good standing, a secured loan, and one CC that has late payments but is current as of now.

[Anonymous]

---

@renamariee wrote:

I have two student loans that are in good standing, a secured loan, and one CC that has late payments but is current as of now.

---

"In good standing" just means not in collections or default, I have loans that are in good standing that are also in deferment. Applying for anything with a score that low, and late payments and collections is a waste of an inquiry.  Give it six months to a year, let those accounts age, and let your scores rise, and get some distance between the late payments and your current situation.  Then start applying for cards. 

[pizza1]

mmmmm, Im going to say that your TU FICO score needs to be at a minimum of around 630 to get the card, and even then it might pushing it. Try to do what you can to fix the negs on your reports. If its lates...GW them, give it a bit more time for your score to increase, and you'll have better results.

[UncleB]

---

@pizza1 wrote:
mmmmm, Im going to say that your TU FICO score needs to be at a minimum of around 630 to get the card, and even then it might pushing it. Try to do what you can to fix the negs on your reports. If its lates...GW them, give it a bit more time for your score to increase, and you'll have better results.

---

+1

I'm truly not trying to be negative, but I honestly feel that the odds are so slim you would really be better off to save the inquiry (which when denied would just lower your score further).

Pizza1 is right, most folks on here who tell of their own approvals report having scores a bit higher and baddies a bit further in the past.  Care Credit does allow you to have a joint account, so if that's desirable and you have somebody willing that could be something to explore as well.

[Anonymous]

+1

[renamariee]

Thanks for the honestly guys. I was hoping to get lucky since my insurance runs out next year (I turn 26, and won't be covered under my dad) but I don't see that happening as of now. 

[Countingpennies]

You will still need insurance, whether you have CareCredit or not.