Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
chicagodouglas

3 Contributions
2 People Helped
Can I get a credit card with a small paid collection on my account?
I would like to apply for a credit card from Chase or American Express but I'm not sure if I'm ready for it with my current scores and report. I have two accounts, a capital one platinum card with a credit limit of 750 opened in january of 2015 and a capital one quicksilver card with a credit limit of 2000 opened in August of 2015. I have never missed a payment on either card and my utilization is currently at 3%, so I keep low balances. I have a small collection ($50 utility bill) that is paid in full shortly after the account was sent to collections. It has been deleted from transunion but still on the others.
My scores are reporting as 720 with transunion and 695/696 between equifax and experian.

Any advice on weather or not I should proceed?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
62 Contributions
3 People Helped

Go for it. I see people with 650s getting a chase card. Just make sure you haven't had 5 hard inquiries on your report. Chase only allows 4-5 hard inquires for 24 months. If they see more, it will be decline. Before I apply, I would write an letter/email/call the utility company and ask if they could remove the collection. Give them a story like you're trying to buy a house and this is hurting you. Good Luck!

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.