Discover IT

[MrTom]

I am looking at te Discover IT card.

What would the chances of approval be with a paid charge off?

Current Scores are below.

[Anonymous]

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@MrTom wrote:

I am looking at te Discover IT card.

What would the chances of approval be with a paid charge off?

Current Scores are below.

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How old is the CO? Any other baddies?

[Anonymous]

I got approved (12/2016) with 2 recently paid charge offs (3yrs old), and 3 open charge offs (also 3yrs old), for $6500 SL on Discover IT.

My score at the time was around EQ 665 (FICO08), AAO around 5yrs, Time since most recent baddie 2.3yrs, inquires in past 12months around 5, utilization < 3%

Hope this helps

[MrTom]

The Charge iss if 2 yeas, 3 months old  This is PAID IN FUll

OTher then that, just one 30 day late that I"ve been fighting with the CC company on.  I had my account on auto pay and they didn't take a payment one month.o  I found out on DAY 31.. 

[Creditplz]

Discover is tricky.. they denied my mother in law with a 760, denied me with a 734, and approved my cousin with a 660 and high utilization...

The charge off is kinda old and paid, I'd give it a shot personally.

[MrTom]

I read on an other thread that discover likes thin files.  Is this true or could be why approvals were select in your family.

[Anonymous]

Go for it!  I bet you get in.

[Gunnar419]

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@Anonymous wrote:

Go for it!  I bet you get in.

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Ditto. I think you are very likely to get approved with the profile you've described.

[MrTom]

Does anyone know what kind of scoring model Discover uses for the IT card?

What I mean by model, which kind of score on the 3B report is used.

[Anonymous]

They pulled my FICO8 EQUIFAX for my Discover IT in December of 2016 (I live in NY), and I think that's the most common CR pulled for them..

Once you're in with them, they provide you monthly FICO8 TransUnion scores.