They will not automatically disqualify (as do most large issuers)- depends on what your credit looks like (length, utilization, income, etc.). -mj
NO, with a bk you can't be the primary cardholder as a rule. You can always ask for a manual review upon denial but don't expect to get a card. but you can be an AU on one even the Quantum card. Odd system.
Very seldom, if you have 5-7 years of re established credit with a Major Prime Credit Card, and no delinquency, it is possible to get apprved for a small line .. You can have a Fico Score of 750, and if you have a BKO, it will be declined if you have not re established your Credit..MBNA does not go by FICO Scores.. >> If your BKO was business related, and not personal, with the right answers, it may be possible to get apprved also
I am living proof that MBNA will NOT issue you a credit card with a bk on file. I applied last summer with a bk-13 on file from 1996. Not only was I denied but received two hard inquires on my Exp. CR. (Pulled on the same day) I did get to speak with a bank rep. who gave me the verbal denial as oppose to reading it on a computer screen. The bank rep. did say MBNA WILL CONSIDER you after 7 years of bk. So do not waste an inquiry.... Best regards, Mirage
What is on your Credit report in regards to Revolving Major Credit Cards, Store Cards,Installment loans, Mortgage , ect.. The Depth of your Credit File in regards to how long you have had Credit.. Your ability to pay, (Income).. Type of work that you do, Preferred Professional, Skilled Labor, Unskilled Labor, Self Employed.. Are there any Gaps in your Credit History , The amount of Revolving Balances that you have in regards to your Income ... The amount of Disposable income that you have left after paying all of your obligations.. What is on your Credit report in regards to Delinquency, ect.. What caused your Delinquency? There are other factors.. Ability, Stability and Willingness to pay are the most important things in regards to getting approved.. I have seen Applications with a Chapter 7 only from a couple of years ago and the Experian and TU Sometimes have a Fico of over 700, But it will be declined because of not having 5-7 years of Re established Credit... It is late , have to go.. sorry that I took so long to apply.. Take Care
Rubyjean, I do not have a bk all my derogs are collections, chargeoffs and Student loans. I believe I can deal with the chargeoff and Collections, however the student loans are an entirely different matter. My objective is to having but pos. tl and the neg as my student loans until they are rehabed a year from now. I was think of matching each derog with a positive tradeline. I have 7 tl of student loans so I am trying to get 7 good accounts to balance it out. I have 2 cards of my own, 1 visa 700 cl, a macys store card 100cl and 2 amex Au. I am trying to get more AU accounts to help. Any comments on my plan. If I could get some other tl of my own i know it would help me in my quest to get into the prime market
