Are my credit scores good enough for Green?

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nolareb
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Are my credit scores good enough for Green?

Postby nolareb » Sat Jul 07, 2012 5:10 pm

Do I have a shot of approval with the following. EX score 714, Equifax 655, Trans 651. No current ccards(closed first one years ago), oldest account is seven years old, worst negative is a charge off from 2.5 years ago recently paid in full, nothing in collections. Any advice would be greatly appreciated!


BDBlue
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Postby BDBlue » Sat Jul 07, 2012 9:57 pm

Between the charge-off and no currently open CCs, Green seems like it might be a little bit of a long shot. I think you'd be safer applying for a Zync.

Have you tried requesting a goodwill deletion of the charge off from your credit report? If you haven't, it's certainly worth a try. If you got that removed, your score would likely jump considerably and you'd have a much better shot at the higher-end cards.

If the charge-off is stuck on there, I think the better bet is to try for the Zync now, and 6-12 months down the road, once you've got an established history of using your card responsibly, apply for the Green.

MemberSince99
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Postby MemberSince99 » Sat Jul 07, 2012 11:18 pm

Agree that Zync is probably your best bet. With a 2.5 year old charge off and no current cards even that might be difficult to get. You can apply, but honestly, I'd get something else (hate to say it but for example a Cap One) and use that for 6 months to a year then Zync would be a really good bet, possibly Green as well.

nolareb
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Postby nolareb » Sun Jul 08, 2012 12:44 pm

I haven't tried to have the charge off deleted from my credit report. Would I call the original creditor to have them remove it or the agency I paid? The collections agency said they would only report it as paid in full. As far as Capital One goes, I have considered them because I know they are easier starter cards to get.

After doing some research I read where you can apply for multiple credit cards on the same day and the companies will not know you have applied for multiple cards because there is a one day delay in their reporting. Is there any truth to this? If so, would a good strategy be to apply for the Capital One card and Zinc card on the same day so if AMEX denies me then it won't show up when Capital One pulls my credit report and vice versa?

BDBlue
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Postby BDBlue » Mon Jul 09, 2012 2:35 pm

As for getting the charge-off removed from your credit report: google the name of whoever is reporting the charge-off on your credit report, and "goodwill" or "GW." You'll likely turn up stories on various forums of people requesting (either successfully or unsuccessfully) goodwill deletions of negative information, along with the best way to contact the creditor.

Good luck!

Ratfacedudeguy
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Postby Ratfacedudeguy » Mon Jul 09, 2012 2:47 pm

nolareb wrote:I haven't tried to have the charge off deleted from my credit report. Would I call the original creditor to have them remove it or the agency I paid? The collections agency said they would only report it as paid in full. As far as Capital One goes, I have considered them because I know they are easier starter cards to get.

After doing some research I read where you can apply for multiple credit cards on the same day and the companies will not know you have applied for multiple cards because there is a one day delay in their reporting. Is there any truth to this? If so, would a good strategy be to apply for the Capital One card and Zinc card on the same day so if AMEX denies me then it won't show up when Capital One pulls my credit report and vice versa?


See this thread for my most recent experience with multiple inquiries.
Amex Green - NPSL - 05/12
Amex Zync - NPSL - 06/12
Discover it - $7750 - 11/12
Chase Sapphire Preferred Visa Signature - $5000 - 11/12
SECU Platinum Visa - $5000 - 08/08
Bank of America Cash Rewards Platinum Plus Visa - $3000 - 06/08
Citi Diamond Preferred Mastercard - $3000 - 05/12
GECRB Old Navy Visa - $2500 - 11/12
Chase Amazon Visa - $2000 - 11/12
Chase Freedom Visa - $2000 - 07/12
Citi Thank You Visa - $1000 - 06/12
Amex Blue Cash Everyday - $1000 - 01/13

Crashem
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Postby Crashem » Mon Jul 09, 2012 7:37 pm

BTW, are those FICO scores? Curious as you listed EX score and I don't know where you can get a EX FICO score aside from lender upon rejection.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k

nolareb
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Postby nolareb » Mon Jul 09, 2012 10:31 pm

Yes, those are FICO. Freecreditreport.com gives you your up to date experian report, and you are eligible for all three every 3 months. I was very skeptical when I became a member, but it has been a very helpful tool in getting my credit back in line thus far.

Crashem
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Postby Crashem » Tue Jul 10, 2012 1:07 am

nolareb wrote:Yes, those are FICO. Freecreditreport.com gives you your up to date experian report, and you are eligible for all three every 3 months. I was very skeptical when I became a member, but it has been a very helpful tool in getting my credit back in line thus far.


nolareb, no those are actually FAKO scores. No FICO scores are available via freecreditreport.com. Those are actually Plus scores and if you look at the disclaimers, you will see Plus scores are for educational purposes. IE. No lender uses them. If you want an actual FICO score, buy Equifax score from myfico.com. Do not bother to buy the TU FICO score as it is an old FICO scoring model and might give you incorrect info as well.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k



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