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Helped family member get Chase Freedom!

TruthHurts87
Regular Contributor

Helped family member get Chase Freedom!

There is a thread I started a few weeks ago in the Applications sub-forum about helping a family member establish credit history. He settled on applying for the Chase Freedom. It took exactly 22 days for approval after going through the verification process with Chase. Chase was unable to match his SSN with his name. It all worked out in the end.

SL: $6,100.00
APR after intro period: 22.99%

Below are his current DP.

Auto loan: Joint; Paid 64% of the original amount
Discover: $5/$5,800
Amex BCE: $0/$18,000
TU FICO 8: 790
EX FICO 8: 776
CK TU: 754
CK EQ: 754
INQ: TU - 0; EQ - 2; EX - 0 (last 12 months)
AoOA: 1 year 10 months (Discover)
AoYA: 1 year 1 month (AMEX BCE)
AAoA: 1 year 7 months
Revolving utilization: less than 1%
Missed payments: 0
Derogs/Collections: 0
5/24 Rule: 2/24 (not including auto loan)
7 REPLIES 7
pinkandgrey
Community Leader
Senior Contributor

Re: Helped family member get Chase Freedom!

Congrats to the family member! Ah, that crazy Chase. 

Discover It: 19.7k
Amex ED: 18k
Citi DC: 7.7k
FNBO Rewards Visa: 3.2k
~~~~~~~~~~~~~~~~~~
Once you go Berner, you never go back.
Message 2 of 8
AverageJoesCredit
Community Leader
Mega Contributor

Re: Helped family member get Chase Freedom!

Wow, somehow someone with a car loan, an 18k Amex and a 6k Discover doesnt seem like they need help with their creditSmiley Wink. CongratsSmiley Happy
Message 3 of 8
VoltronM
Senior Contributor

Re: Helped family member get Chase Freedom!

Congrats on approval !!!!

 

 

8-2019 / Fico 8 EX 8013 , EQ 8016 , TR 810
Amex ED 22k , CSP 17k , Discover iT 12.5k , Fifth Third Bank S2C 12k , BofA Cash Rewards 10k , Avianca Vida 10k , State Farm Good Neighbor Visa 10k , Citi DD 6k , Union Bank Rewards 5k
Message 4 of 8
TruthHurts87
Regular Contributor

Re: Helped family member get Chase Freedom!

Thank you everyone!

@AJC Those accounts all had small beginnings. Discover SL at $1,500 and AMEX at $2,000. I've helped my family members implement all the things I've learned from this forum, such as applying the AZEO method before applying for credit/loan and have at least 1 installment and 3 revolving credit cards to maximize credit score. In this case, I helped him acquire his third revolving credit card to maximize his credit score.
Message 5 of 8
Syrdi
Established Member

Re: Helped family member get Chase Freedom!

🎉🎊🍾🎈Congratulations!!! 🎈🍾🎊🎉
Message 6 of 8
AverageJoesCredit
Community Leader
Mega Contributor

Re: Helped family member get Chase Freedom!

Well youve done a great job. 3 quality cards. Its not always easy getting ones Amex limit to 18k if you dont have sufficient income and even thenSmiley Wink. Hope family member is gratefulSmiley Happy
Message 7 of 8
19eighty5
Senior Contributor

Re: Helped family member get Chase Freedom!

Congratulations!

FICO 8 (Feb 2018):EX- 519, TU- 530, EQ- 545
FICO 8 (Mar 2020):EX- 689, TU- 665, EQ- 670
What's in my wallet:



On the chopping block:

Message 8 of 8
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