To apply or not to apply - that is the question

[jk26978]

To apply or not to apply - that is the question

Options

‎08-08-2013 06:04 AM

Okay - long story short, my son needs my help with a few hundred dollars for a purchase.  Discover says that i am preapproved (not pre qualified) for the IT card with 12 mos deferred, which with the amount that would be going on it - would not be a problem to pay it off.  Guess i am just "scared" to apply.  App shy - I have gotten preapprovals from Buckle & Express, cant get for VS, so guess it just makes me wonder.

Guess i am just looking for a boost of confidence, a nudge, or something - really cant afford to take out of savings, all of that money has been ear marked and would take more monthly to get put back b/c need it sooner than 12 mos

So.....what do you all  think?

A little more info below

08-08-2013 06:26 AM - edited ‎08-08-2013 08:03 AM

No other baddies, well, the judgment that went in the same time as the BK 7 - it will be 4 years this month since filing.  I have now 4 cap 1 cards since the transition.  I only have a balance now of 187.35 on the Best Buy card which will be paid off in October, less than 12 mos (had the 18 mos financing), truck loan from April - owe around 5,000 on that now.  Was approved as tier "B" with my credit union.  My score watch alert from 6/21/13 has me at 703, CK has me at like 692, Credit.com has me at around 729 (will receive the monthly update tomorrow on this one), credit sesame has me around 696 as well

Would just make it easier if could get approved - keep in mind, the BK was not an easy decision, had excellent credit, then a job loss, that job was like 35 - 38,000 a year.  So, with no real job for about 3 - 4 years, it was a struggle, but when I finally got a good job (current job) they mailed to say were going to garnish my wages, that - I could not afford, we were just then starting to dig ourselves out of a hole, that had gotten verrrryyy deep by that time of 30 hrs a week at min wage.  Am just now back to an annual take home of 24,000 this year. 

Forgot, account age, per Fico, 16 years

Other than the truck loan, no apps for like 2 - 3 years

So...there ya have it, I know, kinda long, but pretty much it in a nutshell

(Sorry - my copy paste didnt turn out so well with this)

Thanks

K

[jk26978]

Okay - long story short, my son needs my help with a few hundred dollars for a purchase.  Discover says that i am preapproved (not pre qualified) for the IT card with 12 mos deferred, which with the amount that would be going on it - would not be a problem to pay it off.  Guess i am just "scared" to apply.  App shy - I have gotten preapprovals from Buckle & Express, cant get for VS, so guess it just makes me wonder.

Guess i am just looking for a boost of confidence, a nudge, or something - really cant afford to take out of savings, all of that money has been ear marked and would take more monthly to get put back b/c need it sooner than 12 mos

So.....what do you all  think?

A little more info below

08-08-2013 06:26 AM - edited ‎08-08-2013 08:03 AM

No other baddies, well, the judgment that went in the same time as the BK 7 - it will be 4 years this month since filing.  I have now 4 cap 1 cards since the transition.  I only have a balance now of 187.35 on the Best Buy card which will be paid off in October, less than 12 mos (had the 18 mos financing), truck loan from April - owe around 5,000 on that now.  Was approved as tier "B" with my credit union.  My score watch alert from 6/21/13 has me at 703, CK has me at like 692, Credit.com has me at around 729 (will receive the monthly update tomorrow on this one), credit sesame has me around 696 as well

Would just make it easier if could get approved - keep in mind, the BK was not an easy decision, had excellent credit, then a job loss, that job was like 35 - 38,000 a year.  So, with no real job for about 3 - 4 years, it was a struggle, but when I finally got a good job (current job) they mailed to say were going to garnish my wages, that - I could not afford, we were just then starting to dig ourselves out of a hole, that had gotten verrrryyy deep by that time of 30 hrs a week at min wage.  Am just now back to an annual take home of 24,000 this year. 

Forgot, account age, per Fico, 16 years

Other than the truck loan, no apps for like 2 - 3 years

So...there ya have it, I know, kinda long, but pretty much it in a nutshell

(Sorry - my copy paste didnt turn out so well with this)

Thanks

K

[jk26978]

No other baddies, well, the judgment that went in the same time as the BK 7 - it will be 4 years this month since filing.  I have now 4 cap 1 cards since the transition.  I only have a balance now of 187.35 on the Best Buy card which will be paid off in October, less than 12 mos (had the 18 mos financing), truck loan from April - owe around 5,000 on that now.  Was approved as tier "B" with my credit union.  My score watch alert from 6/21/13 has me at 703, CK has me at like 692, Credit.com has me at around 729 (will receive the monthly update tomorrow on this one), credit sesame has me around 696 as well

Would just make it easier if could get approved - keep in mind, the BK was not an easy decision, had excellent credit, then a job loss, that job was like 35 - 38,000 a year.  So, with no real job for about 3 - 4 years, it was a struggle, but when I finally got a good job (current job) they mailed to say were going to garnish my wages, that - I could not afford, we were just then starting to dig ourselves out of a hole, that had gotten verrrryyy deep by that time of 30 hrs a week at min wage.  Am just now back to an annual take home of 24,000 this year. 

Forgot, account age, per Fico, 16 years

Other than the truck loan, no apps for like 2 - 3 years

So...there ya have it, I know, kinda long, but pretty much it in a nutshell

[09Lexie]

Can you share details on your cr? Inq's, accts, re-established since BK?

[jk26978]

Sorry

I was in the process of copy/paste that part as well, i originally had this in the rebuilding section, but thought that i would try here

Thanks much!!

K

[09Lexie]

Lets see, I want to make sure I got it straight before I answer.

1. Judgment -paid ?
2. Bk -discharged in '09
3. 4 Cap 1 - only 1 with a balance of $187.35
4. New truck loan from April
5. AAOA -16 yrs
6. Inq's due to car purchase in April
7. Score EQ 703
8. Income $24k

Did I miss anything?

[jk26978]

1. Judgment -paid ? No
2. Bk -discharged in '09
3. 4 Cap 1 - only 1 with a balance of $187.35
4. New truck loan from April
5. AAOA -16 yrs
6. Inq's due to car purchase in April - Only 1 inq
7. Score EQ 703
8. Income $24k

Did I miss anything? - That pretty much sums it up

Thanks!!!!

[jk26978]

Just wondering if anyone had any insight as to my chances with this card

Any suggestions, thoughts, opinions, are appreciated

Thanks!!

K

[sccredit]

Was the judgment IIB?  Or after BK?

[jk26978]

---

@sccredit wrote:

Was the judgment IIB?  Or after BK?

---

It was included - I apped for the Discover and got the 5-7 business day message.  So....now I have appers remorse, happens every time, may be why I do not app.  Oh well, guess back to just reading everyone elses adventures and goals met.  Which always gives encouragement.

Thanks

K

[sccredit]

---

@jk26978 wrote:

---

@sccredit wrote:

Was the judgment IIB?  Or after BK?

---

It was included - I apped for the Discover and got the 5-7 business day message.  So....now I have appers remorse, happens every time, may be why I do not app.  Oh well, guess back to just reading everyone elses adventures and goals met.

Thanks

K

---

If it was included it should be irrelevant.  Call in and talk to them.  

[jk26978]

---

If it was included it should be irrelevant.  Call in and talk to them.  

---

I may just do that after work today, hopefully will have time, have an obligation right after work...so I may have to wait til Monday.  They did have me upload a current utility statement showing my address and it had me go ahead to set up an online account...but still the 4 - 5 business day - well, I know how that seems to turn out 98.5 % of the time.

Thanks again

K