I've just crossed over 700 w/my EXP score, and I'm wondering if it's time to try a prime card like BofA, Chase, Citi, etc. Thinking about what card to apply for, I feel like I'm in a strip bar with a bottle of Viagra and a fistful of dollars. I know I can't count on them pulling EXP, but all of my scores - even the 712 on EXP - have similar derogs: a)Ch7 BK from 2+ years ago (2 years, 4 months) b)2-5 tax liens, all released on reports c)1 or 2 discharges in BK. Am I wasting my time w/these negatives, or should I try BofA and appeal on PFB? My current scores are in my sig. If anyone has any experience where their derogs are close in quantity and timing to mine, let me know if you got turned down or got the card. I should also add I included Citi in my BK and currently have a $10k DMB, $5k Aspire and $1.2k Cap1. Yes, a full porftolio of subprimes and I'd like to upgrade if I can. Thanks in advance!
these Fico or Fako scores? Just for a FYI, my scores don't even get approved for Orchard... they offered me a secured, that is it...
Chase and BofA almost exclusively pull TU everywhere. Citi seems to pull EXP, but if you did include them in the BK, it's possible you coudl be blacklisted.
do the banks pull fico or fako scores? I personally hope that its the fako from each resprective CRA since my scores are higher that way.
We call 'em fakos for a reason - they're not real. No bank sees them. They're just a relative indicator - if your fako's gone up, it's likely your FICO's gone up.
Are Chase and BofA incl in your BK?. If not, give them a try and be ready for PFB to appeal the denial. Chase and BofA are tossing out nice limits these days and Retention is giving real good APR reductions as well. PFB works for both of them
Chase is my "inside" track, I have a car loan with them for six months. Neither BofA or Chase were on my BK.
Spoke w/a CSR supervisor. Forget about BofA for SEVEN YEARS after BK. Secured card? Yeah, sure - FIVE YEARS after BK.
On BofA, That's too bad (I still think you should PFB) Do you think Chase will be the same way? Are you going to try since you have a loan with them?
Yeah, when I get back off the ground I'll try Chase.. "Hello? Yes, I've maintained relationships with two credit card companies THROUGH my BK and have a 16k limit, utilizing $2k of it, no lates or derogs, just this BK from 2.5 years ago and... ohhh, I see. You'll consider a BK after it doesn't show up anymore? Thanks so much.." Yeah, my TU looks pretty good, least liens (2), nothing about any account discharged... so glad I worked so hard on cleaning it up. I did drop a note on PFB, can't hurt. It's like two appeals for the price of one inquiry. And an inquiry on TU won't mean much in two months.. he he...
Nice Analogy! I like it! Like you, I wonder if and when I would be ready for prime time. If I brought the utilization done I could hit 700. When I last checked my scores I was in the mid to high 600's even with 90% utilization. I plan to sell off some stocks here at the end of the year and pay off some debt to see how much that will help. My BK is 8 yrs old, I have 2 derog's, neither of which is for a large amount, one of them I need to work on getting removed as it has been 7 years since DOLA. I sometimes feel like I won't make it to Prime until my BK is off the record. I've had about 6 rejections over the past year or so, and everyone has been because of the BK. You mentioned Chase. From what I've read, they are not BK friendly. From my personal experience they basically told me as long as my CR shows a BK they would not consider me regardless of score. Sure gave me a warm and fuzzy. Like you I thought having a car loan carried some weight with a company. I find out it doesn't. There;s another thread here somewhere where I am moaning about being able to get a $25000 car loan from Household, but they deny me $250 for a best buy card. When I called and asked about the logic of that, I was basically told you can't apply the rules of Car Loans to Credit Cards, because with a car there is collateral. Hope this helps. Keep us posted, as I am also looking for the answer of how to make to the prime side of the fence.
Re: Re: ready for prime time? which The person I talked to was not very polite. I asked how long would you hold a BK against me, and her answer was "as long as it is on your record." It was not a fun conversation, I was trying to see if there was any room for wiggle, and they weren't going to wiggle,
Re: Re: ready for prime time? which Questy, thanks for your perspective on this. I don't regret any of the efforts and expenditures I've made. If you look at my scores in my sig and consider it was all in six months, from my first exposure to this board, it's a great start. I am now at a plateau, and it's time to make a choice. Rest, enjoy the fruits that are available, and let time do its work. I may very well do that, seeking only a mortgage and as we both know, secured loans are far easier to secure (no pun intended I may very well employ the services of a firm like BradleyRoss, because they seem to do it right and while I'm "resting", they're working and worrying. And if after investing a year and $850, I still have BK's, I'll figure out what to do then. But for now, I'll rest. Eight years and you're still cursed. Amazing. According to this woman at BofA, you could "pass" at BofA, FWIW.
Re: Re: ready for prime time? which I don't understand Questy. I would think and according to DanS you should try BofA????
Re: Re: ready for prime time? which CC I spoke to soon. NOW I feel like a guy in a strip bar with a roll of nickels and waiting on an order for Herbal Viagra I placed on the internet. Gobble, gobble, freakin' gobble...
Re: Re: ready for prime time? which Have you tried disputing your bankruptcy? Several years ago there were some folks here who did it successfully. Since I've never had a BK, I don't have any personal experience. But the idea was to look at the listing and see what is wrong. For example, if they show your BK with no liabilities, you dispute something like "I never had a bankruptcy with no liabilities." The idea is to not lie, but just find things that are incorrect and dispute them. I think it was NanaC who did it about two years ago, you might want to try some searches. Make sure the BK can be verified by the courts, too. If you check and they can't find it, then dispute. When it comes back verified, send a procedural request to the CRA. If they send you some rubbish, write back with the letter from the court that there is no record. If they still won't take it off, then it's lawsuit time.
Re: Re: Re: ready for prime time? which I think he's gunshy. I could be wrong, but I have this feeling that when Q applies, they'll tell him he has to have at least 10 years before they'll consider it.
