@heatherbee wrote:
When I was 18, I had a student BoA card and a walmart card. BoA had a $700 limit, and walmart had a teeny tiny limit (100). Because I was young and stupid, I goofed on paying the bills. Now that I am older and those cards have been closed, I would like to re establish myself as a worthy customer with GEMB and bank of america. My scores are now in the 650s, I know not great, but not as bad as it used to be. If I were to apply for a card with GEMB or BoA now, would I automatically be declined because I messed up 4 years ago, or would I might get a chance? I don't want to waste an inquiry. Thanks!
IMO, you would be declined for BoA for sure. GEMB probably declined as well.
Depending on where you are (state), 4 years may not even be yet beyond the SOL. And 4 years means they are still on your CR.
If you haven't settled (paid) these accounts and they are still on your CR, I highly doubt either will find you "worthy" for new accounts.
If you want them to consider you, I would suggest paying the old accounts before asking for new. They are not large CL's and I'm sure you can negotiate it to the principle owed or maybe less (though settling for less than principle balance won't make you look as good).
IMO, always make good on your debts whenever possible. This is what makes a worthy or favorable customer, even when they "goof up."
Personally, I like the golden rule test. Would you make a loan to somebody who goofed an failed to pay you back? Treat others as you want to be treated and life will treat you better. Some call it Karma, some "casting their bread," some the golden rule and some, common sense, and some as being a "straight shooter."
My point: You inferred you want to earn their trust back. I think step 1 is to start where you left off and you will be a lot closer to that goal.
Good Luck.
Message Edited by txjohn on 09-10-2009 07:12 AM
Starting Score: 627 EQ, 621 TU - 11/15/08
