Re: Discover approval

Anonymous · ‎06-25-2021

Hey all

I've been working on my credit for just over a year now, and have learned a lot from you guys! I thought I'd throw my DPs and some background for anyone gathering info.

Did a prequal about a month ago, and was preapproved, but wanted to wait until my utilization updated first before applying. In the meantime I accepted a small line of credit from my bank. Tried the prequal again two weeks later and was denied. Waited for the letter, which stated the new account with my bank as the reason for denial.

Less than a week later, I received an invitation to apply. My EX score had jumped from 684 to 708, so I pulled the trigger without trying a new prequal.

Approved instantly for 4k.

So here are the real DPs:

Pulled EX no surprise, at 708

33% utilization, still carrying a bit on a first year no APR Amex

Income 60k

10 inquiries when applying, 6 from a car loan. No inquiries in last 6 months.

AAoA 1Y3M

No lates or derogs

Sorry for the novel, but I really appreciated getting as much info and background as possible when I was looking into applying, and hopefully someone finds this useful.