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Why oh why did I do it?? (Overstock)

Chickadee1970
Regular Contributor

Why oh why did I do it?? (Overstock)

I decided to try one SCT with Overstock. I was approved for $2500, but it was a HP with Experian Smiley Sad. I didn't want any more HPs. Oh well! It is what it is. LOL
Message 1 of 12
11 REPLIES 11
cincydavid
Frequent Contributor

Re: Why oh why did I do it?? (Overstock)

I feel your pain!  I was actually buying a piece of furniture that I could readily have put on a different card but I fell prey to the "what the heck, why not" mentality and now have a $2500 limit with them.  I guess the 12 month free financing was probably what made it worthwhile, although if I had been paying interest I would have paid it off in 2-3 months anyway and been done with it.  Now I'll be reminded for the next 10 months that I bought the kiddo a couch while I make the remaining payments. 

Message 2 of 12
c00mtg
Valued Contributor

Re: Why oh why did I do it?? (Overstock)


@Chickadee1970 wrote:
I decided to try one SCT with Overstock. I was approved for $2500, but it was a HP with Experian Smiley Sad. I didn't want any more HPs. Oh well! It is what it is. LOL

Well, i least you have more CL.

 

This is why i don't use the SCT, i keep seeing people getting excited for getting over 5 cards with SCT then HPs shows later.  No bueno!!

 

If you will be using it, then i least you have it now Smiley Happy




FICO 8 Scores EQ 704 / Goal 750, EX 706 / Goal 750, TU 724 / Goal 750

FICO 9 Scores EQ 726 / Goal 750, EX 683 / Goal 750, TU 726 / Goal 750
Message 3 of 12
macman806
Frequent Contributor

Re: Why oh why did I do it?? (Overstock)

Sry, been here a little while, but what is SCT?

 

Thanks


FICO 8 09/21/2016 TU 715, EQ 727, EXP 711
FICO 8 12/14/2016 TU 717, EQ 730, EXP 713
FICO 8 03/17/2017 TU 721, EQ 730, EXP 733
FICO 8 12/08/2017 TU 757 EQ 734 EXP 798
FICO 8 03/16/2018 TU 755 EQ 757 EXP 794
Message 4 of 12
Chickadee1970
Regular Contributor

Re: Why oh why did I do it?? (Overstock)

It is the "shopping cart trick" where you go to a website, place items in your cart, and when you go to oay it should offer you a chance to apply fir their store card. Normally they only request the last 4 of your SSN, but Overstock asked for the whole SSN. I gave it as another site les me to believe that it would still probably be a soft pull. Live and learn. 😁
Message 5 of 12
c00mtg
Valued Contributor

Re: Why oh why did I do it?? (Overstock)


@macman806 wrote:

Sry, been here a little while, but what is SCT?

 

Thanks


SCT is shopping cart trick - When an ad comes up at the check out telling you to get their store card, you only enter the last 4 of your SSN and end up getting the card with a SP (soft pull).  A lot of times, those SPs turn into HPs (hard pulls) which affect your credit for 2 rs.

 

What is SCT http://ficoforums.myfico.com/t5/Credit-Card-Applications/What-is-the-trick-to-SCT/m-p/4324328#M94327

MyFico Abbreviations http://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/td-p/88458




FICO 8 Scores EQ 704 / Goal 750, EX 706 / Goal 750, TU 724 / Goal 750

FICO 9 Scores EQ 726 / Goal 750, EX 683 / Goal 750, TU 726 / Goal 750
Message 6 of 12
macman806
Frequent Contributor

Re: Why oh why did I do it?? (Overstock)

Ah ok,thanks very much.


FICO 8 09/21/2016 TU 715, EQ 727, EXP 711
FICO 8 12/14/2016 TU 717, EQ 730, EXP 713
FICO 8 03/17/2017 TU 721, EQ 730, EXP 733
FICO 8 12/08/2017 TU 757 EQ 734 EXP 798
FICO 8 03/16/2018 TU 755 EQ 757 EXP 794
Message 7 of 12
Total80sKid
Established Contributor

Re: Why oh why did I do it?? (Overstock)

Yep.

I got a HP as well going through the SCT

At least they started me with a hefty $350 SL Smiley Surprised
Message 8 of 12
steelers1
Frequent Contributor

Re: Why oh why did I do it?? (Overstock)

The HP hurts a lot less than the new account.

 

A HP here and there doesn't mean much at all.

Message 9 of 12
Caleb87
Valued Member

Re: Why oh why did I do it?? (Overstock)

So i got the pre approval for overstock so now i wonder... Do i have to complete the purchase on order to get the card? If i hit accpt does it automatically complete the purchase?
Message 10 of 12
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