Discover Secured Card - Approval / Denial Data Points Thread

[sjt]

Hi All-

I want to start a thread gathering data points for the Discover Secured Card approval / denial in hopes of gathering enough inforamation for folks who are interested in applying for the card.

For those of you that applied can you fill out the following:

Date of Application
Credit profile at the time of application

Any BK on file, if so how old and was Discover IIB

Any Charge offs paid or unpaid and how old.

Past history with Discover

Approved or denied, if denied what were the reasons and did you recon.

Thanks!

[lindsaydruart]

Application 1

Date of Application = 1/26/16
Credit profile at the time of application = Repossession, collections, charge offs, late payments, scores low 600, high 500s, 20 new accounts, 30 inq

Any BK on file, if so how old and was Discover IIB = No and No

Any Charge offs paid or unpaid and how old. = COs unpaid from 2013

Past history with Discover = Matrix card WAY back when but I'm not sure that counts.

Approved or denied, if denied what were the reasons and did you recon. = Denied, tried to recon by sending a letter to EO, recon denied but....they changed the criteria

Application 2

Date of Application = 2/1/2016

Credit profile at the time of application = Repossession, collections, late payments, charge offs, scores low 600, high 500s, 20 new accounts, 30 inq

Any BK on file, if so how old and was Discover IIB = No and No

Any Charge offs paid or unpaid and how old. = COs unpaid from 2013

Past history with Discover = Matrix card WAY back when but I'm not sure that counts.

Approved or denied, if denied what were the reasons and did you recon. = Approved

Edit: Score on EQ when I received card = 593

[sjt]

Great information. Thanks!

[Anonymous]

Date of Application 2/6/16
Credit profile at the time of application High 500s or low 600s

Any BK on file, if so how old and was Discover IIB No BK

Any Charge offs paid or unpaid and how old. No charge offs, but 1 collection account, not paid. Default in 2012, updated 2014

Past history with Discover None

Approved or denied, if denied what were the reasons and did you recon. Approved

[Anonymous]

May 2015

1 secured Cap 1 card, lots of store cards (EQ 640, TU 660, EX 660)

No BK history

3 paid charge offs at the time (only 1 now)

Burned Discover in 2009 (paid off account)

Denied regular card, approved secured

[Schoolbuskid]

Date of Application: 2/8/16

Credit profile at the time of application: 6 new revolving accounts since Dec '15, 4 collections, 18 inquiries

Any BK on file, if so how old and was Discover IIB: No BK

Any Charge offs paid or unpaid and how old : 5 Chargeoffs, 2 unpaid

Past history with Discover : None

Approved or denied, if denied what were the reasons and did you recon : Approved.

[Anonymous]

Date of Application = 8/4/15

1. Credit profile at the time of application = 1 collections, 1 charge offs, late payment on student loan all from early 2013, scores 680-705 with 8 inquiries

2. Any BK on file, if so how old and was Discover IIB = No also no.

3. Any Charge offs paid or unpaid and how old. = COs paid in full, the charge off was settled for less than full amount everything was in 2013 and the 120 late payment from student loan is reported to be paid and closed.

4. Past history with Discover = never

5. Approved or denied, if denied what were the reasons and did you recon. = Denied for regular it regarding question #1 and requested secured offer through email to the EO again denied.

[sjt]

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@Anonymous wrote:

May 2015

1 secured Cap 1 card, lots of store cards (EQ 640, TU 660, EX 660)

No BK history

3 paid charge offs at the time (only 1 now)

Burned Discover in 2009 (paid off account)

Denied regular card, approved secured

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Did you pay Discover off in full or was it a settlement. When did you pay off the account?

[Anonymous]

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@sjt wrote:

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@Anonymous wrote:

May 2015

1 secured Cap 1 card, lots of store cards (EQ 640, TU 660, EX 660)

No BK history

3 paid charge offs at the time (only 1 now)

Burned Discover in 2009 (paid off account)

Denied regular card, approved secured

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Did you pay Discover off in full or was it a settlement. When did you pay off the account?

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I paid it off in full back in 2010.  DOFD was in I think fall 2008, cause it finally fell off my report last fall. I didn't know anything back then about PFD.   I think that's why with my scores at the time last year they offered me the secured card.  

[Anonymous]

Date of Application: Feb 01, 2016
Credit profile at the time of application: EQ 607 TU 617 EX 571

Any BK on file, if so how old and was Discover IIB: NA

Any Charge offs paid or unpaid and how old. One chargoff/2010

Past history with Discover: NONE

Approved or denied, if denied what were the reasons and did you recon: Approved