Jewelery Store - recommendation?

[Anonymous]

I had posted over in rebuilding your credit as that is what I am trying to do.  I was given the wonderful suggestion to post here for recommendation & tips that may help me find the best match for my current situation based on my profile.  So here it goes..

I was thinking of applying for a Jewlery Store CC as an additional tradeline.  

My scores are listed below in my signature & here is what my profile currently looks like:

12 Baddies totaling $8,998 (includes some zombies).

4 baddies -medical  $1,049 

1 CO - auto 10k

1 tax lien - 5k

4 accounts positive including:

1 settled cc (2007)

1 auto loan 2004-2006

1 CA account - 2008 - it doesnt show balance info

and most importantly - my new revolving Wells Fargo cc Limit $500, Balance $301 (which I just paid the entire statement balance and will pay the balance to zero before the next reporting date). 

I am opening an account with NFCU and will apply for their secured card too. I am curious to know if, in addition to working on all these baddies, if I should wait longer or if I can get approved now with a Jeweler to get another tradeline reporting sooner than later.  And with my ugly profile, can I even get approved?

I think right now it's between Jared, Kay or Crown Jewelers.  

I know its ugly but most of the baddies are zombies, including one for $1,100 for a bank card that I don't ever remember opening and its been assigned to CA's twice. The OC reports it as opened in 1999.  So, it's ugly but at closer look not as ugly. 

Thanks!

[LS2982]

IMO you should work on resolving your baddies 1st. I think it would be a wasted INQ right now.

[jsickz32]

i applied for kay either in december or january. i was buying a promise ring and the lady that works there said that if i was actually applying to buy something i had better chances of being approved by applying at the store so i did and got approved for 5.2k but i was buying a 1.5k ring...maybe try that and if it works and they approve you, you can always return whatever you "bought" since you have 90 days to return.

[Anonymous]

if your close to a daniels jewelers then  go in there and they will almost always approve you for credit but i think you have to buy something? and your limit is set buy how much the item costs? i say go in there get something and then return it? just a thought cause they will approve everybody.

[Anonymous]

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@LS2982 wrote:
IMO you should work on resolving your baddies 1st. I think it would be a wasted INQ right now.

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Thanks.  I sent out letters this week for the baddies.   

[Anonymous]

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@Anonymous wrote:

if your close to a daniels jewelers then  go in there and they will almost always approve you for credit but i think you have to buy something? and your limit is set buy how much the item costs? i say go in there get something and then return it? just a thought cause they will approve everybody.

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I am somewhat close.  I'll check them out.  Do they report consistenly to CRA's?  I would want to actually purchase & keep it.  A Win/Win. 

Do you know what kind of limit they give up?

[Anonymous]

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@jsickz32 wrote:

i applied for kay either in december or january. i was buying a promise ring and the lady that works there said that if i was actually applying to buy something i had better chances of being approved by applying at the store so i did and got approved for 5.2k but i was buying a 1.5k ring...maybe try that and if it works and they approve you, you can always return whatever you "bought" since you have 90 days to return.

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Do you know what your score was to get the 5.2k? When I approach them should I be honest and tell them I want to apply then see what they give to purchase something or pick something & tell them I am interested in financing it? 

I would want to keep what I purchase ..that's why I was figuring on a jewelery store.. 

Thanks for the tip. I'll definitely do it in store. 

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

if your close to a daniels jewelers then  go in there and they will almost always approve you for credit but i think you have to buy something? and your limit is set buy how much the item costs? i say go in there get something and then return it? just a thought cause they will approve everybody.

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I am somewhat close.  I'll check them out.  Do they report consistenly to CRA's?  I would want to actually purchase & keep it.  A Win/Win. 

Do you know what kind of limit they give up?

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my reports right after the payment due date. its almost like an installment loan but its a credit card. pretty cool cause they will approve everybody. although i never use so its of no use to me except helps my uti

[jsickz32]

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@Anonymous wrote:

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@jsickz32 wrote:

i applied for kay either in december or january. i was buying a promise ring and the lady that works there said that if i was actually applying to buy something i had better chances of being approved by applying at the store so i did and got approved for 5.2k but i was buying a 1.5k ring...maybe try that and if it works and they approve you, you can always return whatever you "bought" since you have 90 days to return.

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Do you know what your score was to get the 5.2k? When I approach them should I be honest and tell them I want to apply then see what they give to purchase something or pick something & tell them I am interested in financing it? 

I would want to keep what I purchase ..that's why I was figuring on a jewelery store.. 

Thanks for the tip. I'll definitely do it in store. 

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no idea because i never really thought about my score. i wasnt looking to apply and when she offered i kinda didnt wanna apply cuz i thought there was no way i would be accept it and i told her that. thats when she told me that i if apply at the store while actually trying to buy something i had better chances. i was very surprised because at that time my highest limit was 2k on my bofa student plat plus.

[Anonymous]

Thank you tylaw13 and jsickz32!