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Will anyone approve with open unpaid collection on report?

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CreditGuy03
Established Contributor

Will anyone approve with open unpaid collection on report?

Scores around 650 but have 1 two years old single open collection for 19k.

Will anyone approve with that?
Equifax - 628, Experian -627, Transunion- 654 In the garden until 01/01/2019
Message 1 of 13
12 REPLIES 12
K-in-Boston
Credit Mentor

Re: Will anyone approve with open unpaid collection on report?

@CreditGuy03 how much have your individual scores changed since the ones in your signature were pulled?  (I ask because of the "garden until 01/01/2016" line.)  If they're all around 650, you certainly can be approved for a number of cards, although not likely with the best terms.  While you likely can't be too picky, you certainly have options.  What type of card are you looking for?

Message 2 of 13
CreditGuy03
Established Contributor

Re: Will anyone approve with open unpaid collection on report?

I need to update those scores this collection dropped them down from 629-650
Equifax - 628, Experian -627, Transunion- 654 In the garden until 01/01/2019
Message 3 of 13
K-in-Boston
Credit Mentor

Re: Will anyone approve with open unpaid collection on report?

Do you also still have all of the cards in your signature?

Message 4 of 13
CreditGuy03
Established Contributor

Re: Will anyone approve with open unpaid collection on report?

Nope lowes southwest and amex are gone
Equifax - 628, Experian -627, Transunion- 654 In the garden until 01/01/2019
Message 5 of 13
FinStar
Moderator Emeritus

Re: Will anyone approve with open unpaid collection on report?

When you say "gone", were they involuntarily closed due to AA or did you close them yourself? Do you still have the Freedom and the Barclays CC (Commence)?
Message 6 of 13
CreditGuy03
Established Contributor

Re: Will anyone approve with open unpaid collection on report?

I closed them. Yes I still have all the others
Equifax - 628, Experian -627, Transunion- 654 In the garden until 01/01/2019
Message 7 of 13
aircobra
Regular Contributor

Re: Will anyone approve with open unpaid collection on report?

My mom has 2 unpaid collections on her report (both under $2000) and just got approved for AMEX Cash Magnet with $1000 SL. Infact, all her cards (Kohls, Capital One, Care Credit) were approved while she has had these collections.

Currently rebuilding:
1/18 -
7/19 -

Message 8 of 13
FinStar
Moderator Emeritus

Re: Will anyone approve with open unpaid collection on report?

Also, is the unpaid collection associated with a medical bill or something else? What are your combined/total CLs and current utilization?

As @K-in-Boston mentioned upthread, it's possible that you could get approved for *something*, but your SL or APR won't be so pretty.
Message 9 of 13
Anonymous
Not applicable

Re: Will anyone approve with open unpaid collection on report?

Sounds like you're just looking anything that will approve you, why? What's the strategy here? You have more than enough cards to build/rebuild, time to hit the garden while paying down other cards and work on paying off the collection.
Message 10 of 13
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