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Discover IT Pre-approval

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Valued Contributor

Re: Discover IT Pre-approval

I would aim for his FICO scores..... Disco will provide TU for cardholders and Experian for Scorecard users.  Only way to get EQ is here or Experian.com for $1 trial where you get all 3 on the same page.

 

Not knowing what cards he presently has and the actual FICO numbers makes any recomendation hard.

500K+ TCL / 800+ FCOs
Message 11 of 18
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Regular Contributor

Re: Discover IT Pre-approval


@Jnbmom wrote:
Best buy is Citi, they tend to be more selective than discover.

And it's hard to base the approval odds with CK scores.

Wow! I thought Discover was a hard one to get. I actually got a Best Buy Visa a few years ago, but never could get a Discover.

Dad's Info: FICO 8 Experian: 627, Credit Karma-Transunion 651; Equifax 656
Capital One QS: $376/$500
Discover IT: $111/$1,250
HSN: $509/$2,000
US Bank: $386/$500
Message 12 of 18
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Regular Contributor

Re: Discover IT Pre-approval

I just entered his info in my info page, so it is listed now.


@Obscure-Expert wrote:

I would aim for his FICO scores..... Disco will provide TU for cardholders and Experian for Scorecard users.  Only way to get EQ is here or Experian.com for $1 trial where you get all 3 on the same page.

 

Not knowing what cards he presently has and the actual FICO numbers makes any recomendation hard.


 

Dad's Info: FICO 8 Experian: 627, Credit Karma-Transunion 651; Equifax 656
Capital One QS: $376/$500
Discover IT: $111/$1,250
HSN: $509/$2,000
US Bank: $386/$500
Message 13 of 18
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Valued Contributor

Re: Discover IT Pre-approval


@TimeLBK wrote:

I just entered his info in my info page, so it is listed now.

Dad's Info: Credit Karma-Transunion 651; Equifax 656
Capital One QS: $376/$500
Discover IT: $111/$1,250
HSN: $509/$2,000
US Bank: $386/$500

 


Once again we need FICO info.  CK info is good for monitoring but not much else as the scores can vary up to 100 points from a FICO.

 

First thing I would do to optimize thnigs is get the balances down to $0 except on Cap1 or Disco.  Let a $5 balance report each month for maximum effect.

 

Depending on how recent the accounts were opened determines the next course of action for an approval.  Typically thin files benefit from at least a year between apps so things age and look better.

 

He's getting points taken off for having a balance on all 4 cards.  There's a threshold for # of cards w/ a balance for scoring.  50% less tham optimal, 25% being a little better, and 1 card is always the best.  Keeping the UTIL down is a big factor as well and Cap1 is in the worst catefory at 70%+ right now.  

 

As to getting a BB card.... I wouldn't recomend it in the next 12 months and for sure not with the current balances.

500K+ TCL / 800+ FCOs
Message 14 of 18
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Regular Contributor

Re: Discover IT Pre-approval


@Obscure-Expert wrote:

@TimeLBK wrote:

I just entered his info in my info page, so it is listed now.

Dad's Info: Credit Karma-Transunion 651; Equifax 656
Capital One QS: $376/$500
Discover IT: $111/$1,250
HSN: $509/$2,000
US Bank: $386/$500

 


Once again we need FICO info.  CK info is good for monitoring but not much else as the scores can vary up to 100 points from a FICO.

 

First thing I would do to optimize thnigs is get the balances down to $0 except on Cap1 or Disco.  Let a $5 balance report each month for maximum effect.

 

Depending on how recent the accounts were opened determines the next course of action for an approval.  Typically thin files benefit from at least a year between apps so things age and look better.

 

He's getting points taken off for having a balance on all 4 cards.  There's a threshold for # of cards w/ a balance for scoring.  50% less tham optimal, 25% being a little better, and 1 card is always the best.  Keeping the UTIL down is a big factor as well and Cap1 is in the worst catefory at 70%+ right now.  

 

As to getting a BB card.... I wouldn't recomend it in the next 12 months and for sure not with the current balances.


Still awaiting for FICO with Discover..not showing yet.

Dad's Info: FICO 8 Experian: 627, Credit Karma-Transunion 651; Equifax 656
Capital One QS: $376/$500
Discover IT: $111/$1,250
HSN: $509/$2,000
US Bank: $386/$500
Message 15 of 18
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Valued Contributor

Re: Discover IT Pre-approval

 go to www.eperian.com and you can sign up for a free account that gives you an EX FICO for free.

 

you can also pay $1 for a trial that gets you all 3 Fico scores and full reports.

500K+ TCL / 800+ FCOs
Message 16 of 18
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Established Contributor

Re: Discover IT Pre-approval

Great way to start your dad's build/rebuild. 











Current

Goal Cards

Message 17 of 18
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Regular Contributor

Re: Discover IT Pre-approval

I got his FICO 8 Experian. It is 627. Updated in my info.

Dad's Info: FICO 8 Experian: 627, Credit Karma-Transunion 651; Equifax 656
Capital One QS: $376/$500
Discover IT: $111/$1,250
HSN: $509/$2,000
US Bank: $386/$500
Message 18 of 18
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