I'm not applying for them right now since I applied back in February 2014 but my question is , I see people who have filed bankruptcy and are able to now get discover and other major credit cards and I don't understand how? I have never filed bankruptcy or burn these companies but I am unable to get approved for them whereas others have done this but can re-establish or even start a relationship with these companies. I know my inquires are killing me but can someone explain to me how others have this ability..
On a side note.... I'm not saying if someone has filed bankruptcy they shouldn't have an opportunity to gave a cc with the major banks or credit issuers but I want to understand
thank you
Lol yes! I finally got my boa card to unsecure in February after11 months! I still have capital 1 it's my oldest and I can't close it right now because of the age. I also have a usbank secured that turns 1 year in April but I can't unsecure it because it will be a hard pull.
@Booboo71 wrote:I see people who have filed bankruptcy and are able to now get discover and other major credit cards and I don't understand how? I have never filed bankruptcy or burn these companies but I am unable to get approved for them whereas others have done this but can re-establish or even start a relationship with these companies. I know my inquires are killing me but can someone explain to me how others have this ability..
Income.
Current balances.
Current credit limits.
Payment history.
Number of inquiries.
Age of said inquiries.
Average age of accounts.
Raw credit score.
Size of monthly payments.
Debt to income ratio.
Length of credit history.
Mix of credit types.
...
Need I go on?
It's the whole picture that matters.
@jsucool76 wrote:If you don't mind me asking, what is your income?
It floats somewhere between $16k/yr and $30k/yr, depending on how much work I can pull in between classes and other life commitments.
@jsucool76 wrote:How many inquiries do you have?
TransUnion: 15. 1 aged off completely this month. 5 turn 1 year old next month.
Equifax: 8. 5 turn 1 year next month.
Experian: 6. 1 fell off this month. 2 turn 1 year next month.
@jsucool76 wrote:How old is your oldest account?
4 years.
@jsucool76 wrote:What's your AAoA?
1 year.
@jsucool76 wrote:What do you like to do in your free time?
mod edit~ Lexie
All about 1 thing and that is RISK...
52400
1800
Mine $20k with authorized accounts $ 48k (roughly)
boa123 5k, macys1200, bloomingdales 1200, capital1secured 500, sony 500, gte visa 800, usbank 300 secured, care credit 3k, lowes 5k, tjx300, oldnavy200, gap 200,
smart connect 400, walmart 700, express 250, coldwater creek 700, kohls 300. Authorized on husbands united mileage 17k, amex hilton honors 2.5 and dillards amex 2800
34 inquires on equifax age too many this year bulk in November / dec
rebuilding since November 2012 started at 524 equifax
Now lowered to 1 year was at 2.2 years
Debt/income. Vw credit on audi losing is one year my husband put large payment down for me because my vw jetta was upside down slightly because it was under 1 year and my score was at 580ish at the time.
shall I give my blood type Also??? Lol. J/k
Well... I wasn't planning on applying for anything.
Are you talking to the OP? He's the one getting bockclocked by lenders.
...
Wow, did that really call for a mod edit? 