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should i try for barclays card?

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should i try for barclays card?

I had bad bad credit 3+ years ago.

I have about 8-9 negative accounts but they are all at least 4+ years old and half will fall of soon. (all were included in my BK except for 2-3 medicals)

15 INQS in last 12 months though

 

I have had my auto loan paid for 13 months straight never late and 1 credit card for 6 months straight.

I just opened another auto loan and a line of credit back in april of this year....

 

i want to try for amex travelocity or apple card because i heard barclay is good with recon...

my credit report and payment history has been great for the last 18 months!

I will apply once I have my util down at 25%, most likely end of next month when my loans report!

 

i went from TU 500 to TU 590

i went from EX 519 to EX 620

 

what do you think?

Starting Score: 460
Current Score: 750
Goal Score: 800


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Message 1 of 9
8 REPLIES 8
Valued Contributor

Re: should i try for barclays card?

I would wait for things to fall so to speak.

 

I have read here that Barclay is kind of picky....

 

Just my thoughts - why waist and INQ???

 

Ray

 

 

Ray

** Every Card has a Job, and Every Card does its Job **
Message 2 of 9
Super Contributor

Re: should i try for barclays card?


@RebelSon wrote:

I had bad bad credit 3+ years ago.

I have about 8-9 negative accounts but they are all at least 4+ years old and half will fall of soon. (all were included in my BK except for 2-3 medicals)

15 INQS in last 12 months though

 

I have had my auto loan paid for 13 months straight never late and 1 credit card for 6 months straight.

I just opened another auto loan and a line of credit back in april of this year....

 

i want to try for amex travelocity or apple card because i heard barclay is good with recon...

my credit report and payment history has been great for the last 18 months!

I will apply once I have my util down at 25%, most likely end of next month when my loans report!

 

i went from TU 500 to TU 590

i went from EX 519 to EX 620

 

what do you think?



1. Wait for the baddies to fall off. That might give you some boost on your scores

2. Wait for your new auto loan to age and show a good 6-12 months on time payments - that should boost your scores

3. Wait for your 'good' history to be at least 24 months

4. Your Scores; I'm assuming they are FICO's not FAKO's need to go up. I assume you got your EX FICO from the auto loan? YOur scores are still very low. I would try and get them at least above 650 or even higher to apply for a card.

5. You have too many inqs. Wait for at least half of them to reach their one year mark. This also might give you some score boost. FRom what I have heard, having too many inqs doesnt look good when applying for any card or loan.

 

That would be my 'logical' step.

 

 




Message 3 of 9
Senior Contributor

Re: should i try for barclays card?

Do you have any open CC now?   

Message 4 of 9
Frequent Contributor

Re: should i try for barclays card?

barclays pulls TU and your TU score is pretty low you might be borderline denied or if you do get approved it will be a very low credit line which wont be enough to finance any big ticket apple products which is the whole point of the card. Do you even plan on purchasing anything from apple using the deferred interest plans they offer? Otherwise the card isnt that great there is no rewards and high apr unless you get the itunes card then you can earn points towards purchases on the itunes store.

amazon
Message 5 of 9
Frequent Contributor

Re: should i try for barclays card?

As someone who has "been there" myself--with a 590 and a 620 (which is probably not even a true FICO score), I don't think you'd be competitive for either of the TLs.  Apple used to be hooked up with GE so in that case you might get a $1200 CL at 29% or something.  AMEX didn't even need half of the thirty seconds they ask for in reaching a decision when I'd apply online.  I swear I saw the word "declined" before I even hit the "submit" button on at least one occasion!

 

A credit union is a good choice at this point.  They are more friendly to people recovering from debt-related problems than banks are (again in my experience.)

Message 6 of 9
Valued Contributor

Re: should i try for barclays card?


@CS800 wrote:

@RebelSon wrote:

I had bad bad credit 3+ years ago.

I have about 8-9 negative accounts but they are all at least 4+ years old and half will fall of soon. (all were included in my BK except for 2-3 medicals)

15 INQS in last 12 months though

 

I have had my auto loan paid for 13 months straight never late and 1 credit card for 6 months straight.

I just opened another auto loan and a line of credit back in april of this year....

 

i want to try for amex travelocity or apple card because i heard barclay is good with recon...

my credit report and payment history has been great for the last 18 months!

I will apply once I have my util down at 25%, most likely end of next month when my loans report!

 

i went from TU 500 to TU 590

i went from EX 519 to EX 620

 

what do you think?



1. Wait for the baddies to fall off. That might give you some boost on your scores

2. Wait for your new auto loan to age and show a good 6-12 months on time payments - that should boost your scores

3. Wait for your 'good' history to be at least 24 months

4. Your Scores; I'm assuming they are FICO's not FAKO's need to go up. I assume you got your EX FICO from the auto loan? YOur scores are still very low. I would try and get them at least above 650 or even higher to apply for a card.

5. You have too many inqs. Wait for at least half of them to reach their one year mark. This also might give you some score boost. FRom what I have heard, having too many inqs doesnt look good when applying for any card or loan.

 

That would be my 'logical' step.

 

 


I agree with CS800 100%.

 

 


Starting Score: 583
Current Score: 3-03-12-EQ-802 TU-806 EX-798 (EQ Beacon 9: 804 Lender Pull 3-08-12) All FICO's
Goal Score: 800+ across all three

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Message 7 of 9
Established Contributor

Re: should i try for barclays card?

+1

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Message 8 of 9
Frequent Contributor

Re: should i try for barclays card?

My score has fluctuated in the low 700's for a year or two now. No baddies, no late payments, no apparent negatives, but trying Barclay one or two times the past few years, I've never gotten my foot in the front door. Though I haven't tried app'ing with them recently, I figure I'll hold off and try them next year if one of their cards seems useful to me. I tried app'ing with them two or so years ago when my scores were right below 700.

 

On a positive note, I just got my first big boy Discover today, Discover More! Smiley Happy


myFICO Starting Scores: TU 643 03.10.09 EX 676 01.09.09 EQ 638 05.24.09
Current Score: (WalMart FICO) TU 792 04.03.13 (Mortgage Lender - HP) EX 745 02.06.13 (Mortgage Lender - HP) EQ 771 02.06.13
Goal Score: 800+


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Message 9 of 9
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