90 day wait

Discussion in 'Credit Talk' started by Vivienne, Feb 15, 2001.

  1. Vivienne

    Vivienne Guest

    I applied for Chase Classic in Dec and I am waiting for the 90 day mark to reapply (obviously I was denied). The reason was charge offs/collections. At the time I had two negative items(one charge off and one collection) on my Trans Union report but now only have one paid collection from 6/98. Do I have to wait 90 days? I have a dispute in right now for that last negative (was received on Feb.13th). Should I wait for the results of that? The 90 day mark is March 5th. Any thoughts would be greatly appreciated.
  2. RichGuy

    RichGuy Guest

    A lot of it would depend on whatever internal policy Chase has. If they simply won't accept a second application within 90 days, then it would do no good to apply. You might call Chase and ask about their policy...

    As far as waiting until you get a reply to your dispute: I don't think it matters. You don't know what the results will be anyway. You could apply as soon as Chase policy permits, and if you get declined with one collection item left, THEN you would know how much difference the collection makes.

    I don't mind getting turned down once in a while, because that supplies me with information. I find out how tolerant certain creditors are of certain credit problems. I find out which credit bureau a creditor is likely to use.

    As for the benefits of waiting 90 days or even longer, remember this: each month you wait makes your collection one month older. Even if it stays on your report, it might make less difference a year from now.

    Good luck with Chase. :)

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