Chances of being approved for BarClay

[carpartsdepot]

Hey Everybody! I've got my eyes on a Barclay card and Im determined but I cant waste another inquiry on them until i think my chances are pretty good, so I need some feedback. I was denied last November with a horrible report and a TU fico of around 560, but i see where people are being approved with low scores on creditpulls and my uncle got one with 26 negative TL's so I know it cant be that hard, but unfortunately TU is my worst report, but heres what it reads.

 

My TU-VT is 720, not sure about FICO but last month my Fico8 bankcard score was 648.

 

I have 14 negative TL's most of which fall off within the next year, 7 open CC paid never late, all opened within the last 8 months.

Capital One $1000 opened 10/13

First Premier $300 opened 10/13

Open Sky $200 (secured) opened 12/13

Fingerhut $800 opened 3/14

Merrick Bank $300 (secured) opened 3/14

US Bank $500 opened 3/14

Marathon $500 opened 5/14

 

I also have 8 morgages paid off, never late about 6-8 SL's paid never late and 5-10 CC's closed paid never late, all old accounts and closed.

 

my current util is 1% and I have 3 Inquiries, barclay 11/13 and 2 from 3/14

 

my negs are:

Chase CO $0 - drops off 11/14

LVNV CA drops off 1/15

LVNV CA drops off 1/15

HSBC CO $0 drops off 2/15

Nelnel SL 120+ lates drops off 3/15

nelnet SL 120+ ;ates drops off 3/15

applied bank $1798 drops off 5/15

Credit One CO $0 drops off 7/15

HSBC CO $0 drops off 7/15

LVNV CA drops off 7/15

Chevron CO $0 drops off 9/15

ECMC SL CA $24k drops off 12/15

ECMC SL CA $14 drops off 12/15

Brandsmart CO $0 drops off 5/16

 

off course im disputing everything as obsolete 6 months early, hopefully i wont have to wait until next jan until all the 7/15's drop off but what do you think about my chances?

 

[bmfmustang]

I just apped at 629 denied instant and after recon. Said six months on new lines and would get approved.

 

I'd say a decent chance based on that experience, but everyone is different.

[carpartsdepot]

you mean reapply in 6 months and youd get approved?

[carpartsdepot]

or 6 months on your current new lines and youd get approved? meaning that all your new lines have to be atleast 6 months old?

[Navistar]

From my experience and others on another forum I frequent, Barclay is very shy of people with a high number of frequent inquiries. Its possible your uncle had poor credit when he applied (I did too, but mine was mainly high Util%) but maybe he didn't have as many inquiries as you? I think you need to sit in the garden at least 6 more months and let those cards age.

 

Not to mention how many people you owe money. You are a HUGE liability. Just sit tight for awhile.

[carpartsdepot]

yeah thats what i figured atleast 6 more months maybe 7 or 8 even, and no i dont think my uncle had any inquiries when he applied but i only have 3, i dont think that thats alot or you mean because all 3 are within the last 6 months?

[bmfmustang]

Also keep in mind most barclays products are manually reviewed as opposed to auto UW. So the above would make sense.

[shifter]

you can't go from FP, Fingerhut, Merrick, etc to Barclays.

 

sit tight with what you have for a year until you can get your report clean and to let your accounts age.

 

then you can move forward with anything you want.

[nysbadmk8]

The OP also has no income. That's a big road block to any approval.

 

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[mendelssohn]

The OP also has no income. That's a big road block to any approval.

 

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I've seen this posted in other threads. If he has no income, I can only guess that any CC approvals will be treated as income and eventually charged off.

 

OP, I've read your story and I know you want credit, but you should focus on income before applying for anything. Creditors do have some sneaky ways of confirming income, and if you do slip through the cracks, what are you planning on doing once you max out these cards?

[carpartsdepot]

im not maxing out anything, my util is 1%, and like i said before i dont charge anything that i wouldnt pay for cash with, so everything i spend gets put on credit i.e. stuff i sell on ebay when i ship it out for instance, the shipping is already paid for, gas, cigarettes etc etc im not going out buying lavish furniture and stuff i cant afford to pay back.

[mendelssohn]

If you want to claim income, you need to make what you do on eBay a real business and file taxes.

[carpartsdepot]

no because i cant make too much money or i will have to start paying back my SL's, i just reconsolodated on a ibr, plus native americans are NOT required (by law) to file any taxes.

[lilyflower]

That's a LOT of negatives.

 

Barclays approved me recently but with only 3 negs which are COs with the OCs and all are able to be disputed off as obsolete this fall. Also, I have a pretty high income so that helped my case.

I don't understand how you can get approved for a CC if you put down that you have no income.

[nysbadmk8]

That's a LOT of negatives.

 

Barclays approved me recently but with only 3 negs which are COs with the OCs and all are able to be disputed off as obsolete this fall. Also, I have a pretty high income so that helped my case.

I don't understand how you can get approved for a CC if you put down that you have no income.

 

 

Thats the issue at hand.. http://creditboards.com/forums/index.php?showtopic=528846&p=5032694

[lilyflower]

 

That's a LOT of negatives.

 

Barclays approved me recently but with only 3 negs which are COs with the OCs and all are able to be disputed off as obsolete this fall. Also, I have a pretty high income so that helped my case.

I don't understand how you can get approved for a CC if you put down that you have no income.

 

 

Thats the issue at hand.. http://creditboards.com/forums/index.php?showtopic=528846&p=5032694

 

 

Oh, yes, THAT poster...

[carpartsdepot]

yeah you dont mind lying to your wife, but you wont lie to sum dishonest scum baiter at a bank, thats whats wrond with this country, your priorities are all backwards and then you want to accuse me of being a liar, isnt that the pot calling the kettle black? and i never said that i had no problem lying to a bank, i said i had no problem lying to a liar, atleast if youre going to quote me, get it right.

[breeze]

[lilyflower]

yeah you dont mind lying to your wife, but you wont lie to sum dishonest scum baiter at a bank, thats whats wrond with this country, your priorities are all backwards and then you want to accuse me of being a liar, isnt that the pot calling the kettle black? and i never said that i had no problem lying to a bank, i said i had no problem lying to a liar, atleast if youre going to quote me, get it right.

 

Not to cause an argument but people committing fraud is also what's wrong with this country....

[nysbadmk8]

yeah you dont mind lying to your wife, but you wont lie to sum dishonest scum baiter at a bank, thats whats wrond with this country, your priorities are all backwards and then you want to accuse me of being a liar, isnt that the pot calling the kettle black? and i never said that i had no problem lying to a bank, i said i had no problem lying to a liar, atleast if youre going to quote me, get it right.

 

 

For a matter of fact I don't lie to my wife, I dont have too, we have it good like that. Heck shes even a member here.

 

Its called sarcasm, Get some kid.. Or life is going to be a long bumpy road for you.

 

Lying is lying, Your reasons for lying are as invalid as some of your views.

 

Committing fraud wont make you a martyr.

 

And I quoted you perfectly, I LINKED your post...

Edited May 22, 2014 by nysbadmk8

[carpartsdepot]

pretty innappropriate if you ask me for an American to accuse a Native American of being dishonest, but thats just my opinion.

[carpartsdepot]

and you cant stop me from bettering my situation, you cant hold me back from getting good credit, i actually already have good credit 663 Fico on EQ so when i log in its says GOOD real big, i guess a 663 is considered as good, but you cant stop me from making it better, you cant stop me from gaining new TL's with better CL's, and its only going to get better as all my baddies age off within the next year and my scores will only rise, i reonsolodated my SL's, i accepte the IBR, so my income will determine my payments, and ill have 2 new installments TL's as paid as agreed, with no monthly payment, for the next 12 months anyway, I thought the purpose this webiste was to HELP people with credit issues not barade and flog them but i guess i was wrong. I guess its the old i have good credit and i dont want anyone else to have good credit mindset.

[breeze]

You must like it, you keep asking for it. So, go right ahead and be victimized again and again. if that is your plan for life, you should be very successful.

[Demonico]

pretty innappropriate if you ask me for an American to accuse a Native American of being dishonest, but thats just my opinion.

You really like to wave that around a lot.

[almostanonymous]

Why do you want credit cards anyways? Aren't they just another example of the white man holding people down?