"Suprised I Was Denied."
Wal-Mart® Discover® Card Review
Written by: kforbes86 on 2010-06-24
Overall Satisfaction
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kforbes86's review: 
Applied and denied for this card. I have trimmed my open cards down to just my GE Money bank Visa, $900 limit, Wells Fargo MasterCard, $750 limit, Merrick bank card, $500 limit, a wfnnb store card, $500. Just paid off a personal loan from my bank too. Only using about 15% of my credit lines, and all my accounts are between 1 and 3 years old. I have one older charged-off account and 2 collections also years old. I have been getting approved for some okay cards, but with low limits, and I cant figure out why. My scores are all in the middle to upper 600's.
Applied and denied for this card. I have trimmed my open cards down to just my GE Money bank Visa, $900 limit, Wells Fargo MasterCard, $750 limit, Merrick bank card, $500 limit, a wfnnb store card, $500. Just paid off a personal loan from my bank too. Only using about 15% of my credit lines, and all my accounts are between 1 and 3 years old. I have one older charged-off account and 2 collections also years old. I have been getting approved for some okay cards, but with low limits, and I cant figure out why. My scores are all in the middle to upper 600's.
3 Comments
Comment 1 by kdb030609
Re: Suprised I Was Denied. 
on 2010-06-24
It could be the old charge offs. I bet once they fall off your CR ! Your scores will start to jump up & CL will probably increase as well. You'll also be able to get even better cards then you have now. You've just got to be patient for a little while with what you've got now !
on 2010-06-24 It could be the old charge offs. I bet once they fall off your CR ! Your scores will start to jump up & CL will probably increase as well. You'll also be able to get even better cards then you have now. You've just got to be patient for a little while with what you've got now !
Comment 2 by cfmdev49
Re: Suprised I Was Denied. on 2010-06-25
These days lates/charge offs etc are the kiss of death...companies are using sophisticated analysis software to help them determine who is a good risk and who isn't... If you start off with negatives... Your done. The best thing for you now is to just wait it out... Over time with consistent on-time payments... Your scores will get better and you'll be able to get the cards you want... Good luck...
on 2010-06-25 These days lates/charge offs etc are the kiss of death...companies are using sophisticated analysis software to help them determine who is a good risk and who isn't... If you start off with negatives... Your done. The best thing for you now is to just wait it out... Over time with consistent on-time payments... Your scores will get better and you'll be able to get the cards you want... Good luck...
Comment 3 by colonative
Re: Suprised I Was Denied. on 2010-06-27
Believe it or not, they did you a favor.
I agree with the other two posters: wait it out and then get a real Discover Card from Discover. You will get a vastly superior product.
on 2010-06-27 Believe it or not, they did you a favor. I agree with the other two posters: wait it out and then get a real Discover Card from Discover. You will get a vastly superior product.
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Disclaimer: This content is not provided by GE Money. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by GE Money. Review content is powered by Finance Globe.
