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What are chances of my Approval??

Discussion in 'Credit Talk' started by ExtremeJDK, Mar 8, 2004.

  1. Mar 8, 2004 #1
    ExtremeJDK

    ExtremeJDK New Member

    I have a credit score of 617, not terrible, but pretty crappy. I can't get any credit cards with my record except my $800 secur4ed card because of a Charge off from Nov. 99. THis was a charge off for $25.. Appearantly there was a membership fee and I had moved and never got the bills, I thought I had the card cancelled.. my fault. So the card was only open for about 4 months.. then CHRAGE-Off. I'm applying for an Unsecured Line of Credit of the minimum $5,000, but with my brother in law co-signing. HE has a 706, no delinquencies, and a pretty solid loan amounts. I have never applied for loans before but I own 2 cars I paid cash for . What are the chances of my approval? I don't care much about the APR as it's only for a very short period of time to pay the remaining $1000 on my motorcycle. Lemme know. THanks.
     
  3. Mar 8, 2004 #2
    sahlegian

    sahlegian Well-Known Member

    I would say they are 50/50. Let us know which way the coin falls.
     
  4. Mar 8, 2004 #3
    thickman66

    thickman66 Well-Known Member

    I would say better then 50/50 with someone co-signing with a strong credit history.
     
  5. Mar 13, 2004 #4
    sal826

    sal826 Well-Known Member

    The reason for that chargeoff is ubsurd. An ANNUAL FEE not being paid because of unusual circumstances (for $25) is not a good enough reason to trash someone's CR. Send a letter to that bank and tell them what happened, if they are even remotely legitimate they would remove that tradeline completely.

    Good Luck,
    Sal
     

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