@Anonymous wrote:
I use scores from several places discover statements,credit karma. I was trying to get into Wells Fargo,Citibank,chase bank a lot with some store credit lines. I keep getting Amex recommendations on credit karma but I feel like that’s a waste of in inquiry
Two things you should understand about Credit Karma. The first one is they provide Vantage Scores, not FICO scores. They can be off as much as 100 points from your true FICOs. The next thing is that CK gets paid when they refer you. It doesn't matter if you are approved or not....they get paid. Naturally they claim you need a ridiculous number of cards for good credit, therefore getting you to apply and keep the money making machine well oiled. Don't listen to the recommendations, don't look at their scores, nothing. It is a good monitoring tool as far as account balances, inquiries, etc.
If you have a BK on your record:
Chase is an auto denial. Forget it. You're out.
Amex is pretty much a minimum 5 years post discharge. If you burned them, you may never get back in. There are people here with 20+ years trying to get back in with no luck.
With Citi, you may get approved for one of the cobranded cards(Home Depot for example) around the 5 year mark and probably 7 years post discharge for one of their main cards.
Wells Fargo claims on their website that if you have a BK on file during the last 10 years then it is unlikely. There have been reports of people getting approved 3 years post discharge but that is the earliest that I have heard.
These are just some of the summaries that I have read that others have shared their experiences. It is possible to be approved outside of these guidelines but the above is just a general guideline. None of the creditors that you have mentioned are BK friendly.
Build positive history with what you have and you don't need to have a whole train of store cards. You can obtain a perfect FICO score with 3 credit cards and an open loan.
