Sears CC

[Anonymous]

I am thinking of applying for a Sears CC.  Any idea on possibility of approval

TU - 679

EX - 659 

EQ - ???

Have four CC's now:

Cap1 - 1 1/2 years, no lates, 0%util

CorTrust - 1 1/2 years, no lates, 0%util

Orchard - 2 3/4 years, one late 18 months ago, 0%uitl

US Bank - 1 mo, 50%util

Two car loans

CU - $3600 on original $16,200, one late in last 24 months (13 months ago)

Dealer - $25k on original $29k, 1 year no lates

Home Mortgage

Two months old, no lates

All other negativity is prior Apr 2006 on TU and Aug 2008 on EX.

[oracles]

Hi Flipper

I know the Sears card is back by Citi. I do not have the card but i know Citi usually pulls EX in my neighborhood.

I am located in NYC. I have read that Sears CC is somewhat of a hard card to get.

I think you can also do a search on here for Sears CC.

What is your limit and balance on the usbank card?

What are your prior baddies? Citi is not BK friendly.

Give us some more details so we can help you. 

[Anonymous]

Hi flipper, although u don't seem to have much balances on your cards you do have right now, they may not approve you due to your DTI ratio considering the mortgage and 2 car loans, or your gonna get nothing for a CL. Just a thought though, I'm not positive.

Message Edited by v6coupe on 02-10-2009 01:26 PM

[haulingthescoreup]

The Sears store card is mysteriously tough to get; the MC less so. (Or so it used to be.)

I'd be worried about that very recent late, although they don't usually pull EX, I don't think.

[Anonymous]

No BK.

US is $3k

Other Derog's are 2-3 charge off's that were originally CO but later paid and multiple 30-60's from prior April 2006.

Most recent late is 14 months ago and one prior to that is 20 months ago.

[oracles]

Hi Flipper

Because of the tightening of credit, I really would advise you to pay down the us bank card to 1-9% and try to write goodwill letters for your lates and CO's.

If you have any unpaid CO or collections, I would try to PFD.

I think you should first try to clean up your report as much as you can and then apply for this card.  Try to put yourself in the best possible position. This will also increase your score.

Hope this helps and keep us updated

[Anonymous]

Thanks Oracles! 

US Bank will be paid to under 9% by next week.  Thanks Uncle Sam for giving me my money back!

There are no outstanding CO's or collections and CR's show no collection accounts.

What is a PFD?

How would you recommend handling the GW letters?  Content, etc.

[oracles]

PFD = Pay for Deletion, however you have paid all accounts and can not take advantage of this.  Congrats BTW

I would do a search on here with the search terms GW letters, also go to the rebuilding credit forum and ask if someone has recent examples of GW letters that have been successful.

I just did a search for you, go to this thread and scroll down to examples of GW letters

Frequently Requested Threads

Hope this helps and keep us updated

[Anonymous]

Thank you very much!

[Red1Blue]

If you have no more than 2 inq's on EQ and scores are around 660-670 on EQ you should consider the Nordstrom Card. Excellent support and after 6 months they would upgrade you to Visa. Generous CL's and Great Customer Support.