Applying for a JCPenney card with a medical collection??

[blondie_keen]

Happy belated xmas all!!

I would like to apply for a jcpenney card sometime in the next couple days but I have a medical collection on all three of my credit reports. the good news is that with my xmas money i just paid off the remaining balance.

Will anyone approve me (educated guesses welcome) with this blemish on my report? I believe they pull EQ here in ND and my score as of a few weeks ago was 630.

Or should I not even try to apply and wait until I go through the HIPAA process to have it removed?? I don't NEED this card now but I only have 1 cc so I would like to build my credit back up and this card should help no?

Thanks again!!! 

[haulingthescoreup]

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blondie_keen wrote:

Or should I not even try to apply and wait until I go through the HIPAA process to have it removed?? I don't NEED this card now but I only have 1 cc so I would like to build my credit back up and this card should help no?

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Bingo.

No reason on earth to apply with a dirty report when you can wait a month or two and apply with a clean one! You want the best deal you can get with them, right out of the box, and that means the best credit profile you can present.

[blondie_keen]

So, is this the general consensus? Anyone else have any more input I welcome it.

Thanks again though!

[iamrayl]

The mod's advice makes perfect sense.  Once you get that med collection off in a couple months and your CR is in better shape you should have no problems getting approved for the JCP card or another store backed card for that matter.  HTH  

[Anonymous]

Good advice i would wait as well.Unless you need it now...FYI i was just approved last month for Jc Pennys with a CL of $700. with a score in the high 600 and 1 paid medical collection.