Discover Secured Card - Approval / Denial Data Points Thread

[Anonymous]

Date of Application:  3/29/2016
Credit profile at the time of application:  CS = 567  EXP  In the process of rebuilding.

Any BK on file, if so how old and was Discover IIB:  BK discharged 11/2/2015, No Discover card prior to BK

Any Charge offs paid or unpaid and how old Bk wiped them out

Past history with Discover None

Approved or denied, if denied what were the reasons and did you recon.  Denied due to Bankruptcy, Still to soon, but please reapply anytime since the requirements can change..

Edit:  Previous App:  2/10/2016 X2 Denials, guess I should wait for my 1 year anniversary date of my BK.

[Anonymous]

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@Anonymous wrote:

Date of Application 1/20/16
Credit profile at the time of application 630 fico

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

Any Charge offs paid or unpaid and how old. 7, 1 unpaid 6 years old all

Past history with Discover none

Approved or denied, if denied what were the reasons and did you recon. Denied "recent delinquency on CR"

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I received a letter yesterday inviting me to re-apply after some work trying to figure out what the letter meant I finally just re-applied online and was approved and nothing has changed on my CR.

[Anonymous]

Date of Application:

3/21/16
Credit profile at the time of application:

FAKO in upper 500's-low 600's, 1 CO from 2011 that's actively being paid down, Cap1 Secured with CL of $200 unsecured Cap1 QS1 with $500 CL all opened in Feb 2016.

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

No and No

Any Charge offs paid or unpaid and how old:

1 CO for $3,600 with Cap1 that is in collections being actively paid down.

Past history with Discover:

None

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

Approved for the secured with a $300 CL after denial for unsecured. I asked discover recon after the denial about the secured card and they told me to app online and take another hard pull. I wanted 3 lines of credit to age together while I work on paying down this CO and start sending GW letters to have it either marked as paid or deleted.

Side note, my secured Cap1 just reported yesterday and my CK FAKO went up by 25pts. I'm hoping to see other increases when the QS1 and Discover finally start reporting. Thinking about opening a small secured line of credit at my Credit Union for some variety. I've learned so much from this board over the last 2 months. Thank you Thank you Thank you!

[msbia]

I can't give super accurate data points because it is my DH's app, but when the open Discover Secured went online he applied and was outright denied. 

I was reading the forums last night and came across this thread, and I got his information and reapplied with his permission. The app took me to a screen where I had to fill in his bank account info; did that then had to upload his gas bill and a W-2, did that and got the "we will get back to you screen". Well, they called him today and asked a few verification questions and then APPROVED, yay! 

His Ficos are in the high 500s I think, due to a repo and a couple of collections. I just want to thank everyone who shared their details. Discover has changed a lot since I got my secured in 2014. I started then with $200, unsecured in 11 months and limit now $4k. Love Discover! 

[Anonymous]

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@msbia wrote:

I can't give super accurate data points because it is my DH's app, but when the open Discover Secured went online he applied and was outright denied. 

I was reading the forums last night and came across this thread, and I got his information and reapplied with his permission. The app took me to a screen where I had to fill in his bank account info; did that then had to upload his gas bill and a W-2, did that and got the "we will get back to you screen". Well, they called him today and asked a few verification questions and then APPROVED, yay! 

His Ficos are in the high 500s I think, due to a repo and a couple of collections. I just want to thank everyone who shared their details. Discover has changed a lot since I got my secured in 2014. I started then with $200, unsecured in 11 months and limit now $4k. Love Discover! 

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Congrats! I'm looking forward to the day my Discover unsecures, it's always nice to hear about someone that has hadntheir Discover unsecure. 

[Anonymous]

Date of Application:

3/29/16
Credit profile at the time of application:

EX 625, EQ 631, TU 637. 2 charge offs from 2013-Jan 2014. No active credit lines from Jan 2014 through July 2015. BofA secured visa from July 2015 to present (got unsecured same day as my app to Discover). BofA PIF every month.

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

No and No

Any Charge offs paid or unpaid and how old:

2 CO from 2013-Jan 2014. Settled for less than the full amount.

Past history with Discover:

None

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

Approved for the secured with a $1000 CL. Did not apply to the unsecured because I was scared of the denial.

[Anonymous]

Date of Application 4/12/2016
Credit profile at the time of application: Low/high 600s
Any BK on file, if so how old and was Discover IIB: No BK
Any Charge offs paid or unpaid and how old: 1 collection account unpaid 
Past history with Discover: None
Approved or denied, if denied what were the reasons and did you recon: Approved