DECENT PRIME CREDIT CARD WITH RELEASED/PAID TAX LIENS?

[jules79]

Hi My Fellow FicoLytes:-),

                                            I  was wondering if anyone has some insight,knowledge or experience into getting a new prime credit card with a Paid/Released Tax Lien which i am still fighting(tooth and nail) to get this removed/deleted off my 3 credit reports but until that happens.I am seeking new credit cards ,I am VERY AFRAID to waste a HARD PULL for a petty credit limit or a DENIAL.All accounts is paid in on time.NO lates,just the BADDIES(PAID/RELEASED TAX LIENS as of 12/14/11).Please advise......Cheers!

MY TL as Follows

Chase Auto Loan=$12500-($2626 bal**) opened=02/2008

CAPITAL ONE=$2500 ($0 bal) opened=04/2007.**only authorized user**

CAPITAL ONE = $500($78 bal),opened =05/2011

ORCHARD BANK=$500($27 bal) opened= 05/2011

*********************************************************************************************************************************************************

EX=716 (FAKO) as of 12/27/11 (3 inquries in last 12 mths,last inquiry in 05/2011)

EQ=680 (FICO) AS OF 12/20/11 (3 inquries in last 12 mths,last inquiry in 05/2011)

TU=706 (FICO) AS OF 12/20/11 (1 inquiry in last 12mths,last inquiry in 05/2011)

[Tryon2improve]

You may have a decent shot with Discover. They tend to pull TU first then EQ if they need more info. The backdoor number listed in the the forum works great if you get the 7-10 day message.

[SevenNEW]

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@jules79 wrote:

Hi My Fellow FicoLytes:-),

                                            I  was wondering if anyone has some insight,knowledge or experience into getting a new prime credit card with a Paid/Released Tax Lien which i am still fighting(tooth and nail) to get this removed/deleted off my 3 credit reports but until that happens.I am seeking new credit cards ,I am VERY AFRAID to waste a HARD PULL for a petty credit limit or a DENIAL.All accounts is paid in on time.NO lates,just the BADDIES(PAID/RELEASED TAX LIENS as of 12/14/11).Please advise......Cheers!

MY TL as Follows

Chase Auto Loan=$12500-($2626 bal**) opened=02/2008

CAPITAL ONE=$2500 ($0 bal) opened=04/2007.**only authorized user**

CAPITAL ONE = $500($78 bal),opened =05/2011

ORCHARD BANK=$500($27 bal) opened= 05/2011

*********************************************************************************************************************************************************

EX=716 (FAKO) as of 12/27/11 (3 inquries in last 12 mths,last inquiry in 05/2011)

EQ=680 (FICO) AS OF 12/20/11 (3 inquries in last 12 mths,last inquiry in 05/2011)

TU=706 (FICO) AS OF 12/20/11 (1 inquiry in last 12mths,last inquiry in 05/2011)

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Do you absolutely need more credit? It seems to me that if you let your two accounts age anothre year and get your lien removed you may have a serious shot at pretty much any prime card...

[improvingmycredit]

+1

I always recommend applying only if you NEED the credit.  If you can let the Paid Lien age then you will have a better chance at approval. A Lien, paid or unpaid, weighs heavily on your FICO score unfortunately. (of course a paid lien is better then an unpaid lien)

Just my .02

I wish you the very best of luck!

[Uncle_Money]

This is a tuff one because any major bank is going to shy away from a tax lien, regardless of whether it's reporting as paid or unpaid.

I suggest a Bank of America secured credit card. After just 1 year, they will review the account for unsecured status, refund your deposit and raise your credit limit if you do the right thing with the card.

A few years ago, I was in the rebuilding stage so I started with a BofA $300 secured card. A year later, they unsecured me for about $1,200 (if I remember correctly). Fast forward to today, that same card is one of their best cards (Accelerated Rewards Amex) and my credit limit is nearly $20,000... All from a $300 secured card.

UM

[LS2982]

I would recommend NOT to apply for Discover. That (Paid tax lien) was the sole reason for denial for me.

I would let my accounts age for a year, hopefully you get lucky and r=get the lien removed, then app.

[score_building]

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@LS2982 wrote:

I would recommend NOT to apply for Discover. That (Paid tax lien) was the sole reason for denial for me.

I would let my accounts age for a year, hopefully you get lucky and r=get the lien removed, then app.

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+1 For now the brand new tax lien is a deal breaker for candidacy for just about any prime product.

[crashtck]

I had an unpaid tax lien from 2007 and I was approved this year for a chase sapphire preferred, my experian fico was 663, and my equifax fico was 685 when I applied, it was an instant approval online. I also have 2 small collections about 5 years old, and have several inquiries.

[tinuviel]

Zombie thread! This was from 2 years ago, so I hope that things worked out for the OP. In the meantime, I'm going to pull the covers on this one by closing the thread.