Searching for Information on Pulaski Bank Credit Card
Author: Guest
Posted: Wed Jun 02, 2004 12:36 am
Post subject: Pulaski Bank
Does anyone know or have experience with what kind of credit score Pulaski Bank looks for for their cards? Their online app states "Excellent Credit History" required (I have 705 with Equifax) and just got approved for an AMEX Green card last month. I want their card because of he 4.75% fixed rate they are offering (Citibank charges me 9.99%). I've owned my home for 4 years, have no derogatory information on my CR, and make $160,000 /year.
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Author: NightStar
Forum Moderator
Joined: 07 Nov 2003
Posts: 2193
Location: Illinois
Posted: Wed Jun 02, 2004 7:24 am
I tried a while back, they pulled from TransUnion for me at the time my score was in the 740 range. To apply with this bank you have to forward them by fax a copy of your payment stub, a copy of your drivers license. They will mail you out something first to verify your address, or call you to verify your phone. They have strict underwriting just like a mortgage loan would have, I did not make the cut, I messed up myself, showing joint debt, but they would not count my joint income for individual account. It made me look like my utilization was like 47% instead of 26%. Also I have low income only $20,000 per year, so they would only offer $2,000 (and if you already have existing $2,000 credit limit with anyone else) then they are not going to give you anything! They mean it when they say you are only entitled to $2,000 that takes in account what you already have with other creditors. They also reserve the right to sell any accounts of theirs out to other creditors... only problem is you might be going along happy with that 4.75% interest then boom - you now belong to a creditor charging 18% interest - just for example. This was my unicorn card, kept chasing after this one, until I realized it was too good to be true. Least for me it will remain out of reach no matter how good my credit scores become.
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Author: Board Monitor
BOARD MONITOR-ADMINISTRATOR
Joined: 05 May 2003
Posts: 428
Posted: Wed Jun 02, 2004 8:53 am
Good points Nightstar. Guest, you might have a shot given your high income. Though, your credit score seems borderline. What kind of debt load are you carrying? Don't know exactly what they require (they generally don't share this information), but wouldn't hurt to try if your debt isn't too bad. Let us know how things turn out...
Best Regards,
Curtis Arnold
Board Monitor
U.S. Citizens for Fair Credit Card Terms, Inc.
http://www.cardratings.com
501-663-0314 PH 501-301-8474 FX
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Author: Guest
Posted: Wed Jun 02, 2004 9:44 am
Heres a better idea. Simply get a Bank of America or a MBNA card. Why? Because after 9-12 months of active usage, you can call retention and get a 5.9% fixed rate without worrying about faxing over your life story and very personal information. Plus, Pulaski can and DOES sell off accounts without notice and rarely if ever will you keep that 4.75% rate. The point I am making is that it seems too much hassle versus getting in the good graces of a major issuer who can come close to 4.75% without adhering to their fine tooth comb underwriting criteria which is overly excessive IMHO.
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Author: Guest
Posted: Wed Jun 02, 2004 11:31 am
Thanks everyone for their help. I owe: $19,000 on my wife's car ($500/mo) $25,000 on my car ($500/mo) $150,000 mortgage ($1259/mo) $1180 to Sears (installment, can pay it off completely, but would like to spread it out to help bump up FICO) $0 to AMEX (paid off monthly) $882 to Citibank ($25/mo) And thanks, other Guest, that also sounds like a good idea, but I went ahead and applied for it anyway, and I'm in the midst of faxing over my last paystub and 2003 W-2.
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Author: Guest
Posted: Thu Jun 10, 2004 12:30 pm
One week later, still waiting. Anyone else get a card from them? How long did it take?
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Author: NightStar
Forum Moderator
Joined: 07 Nov 2003
Posts: 2193
Location: Illinois
Posted: Thu Jun 10, 2004 12:59 pm
When I applied, know it took better then 2 weeks to hear back from them, they do move slower then other companies out there. Think they can take 2 to 4 weeks to respond.
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Author: Guest
Posted: Sun Jun 13, 2004 12:31 pm
If anybody is interested, they declined me. They pull TransUnion (my TU score is 670). Apparently, I have a couple of old CC accounts ($0 balance) that still show up on EFX helping my utilization ratio, accounts that are not on my TransUnion report. Oh well. Their loss.
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Author: NightStar
Forum Moderator
Joined: 07 Nov 2003
Posts: 2193
Location: Illinois
Posted: Sun Jun 13, 2004 2:09 pm
Sorry to hear that, they are just a tough on to get, I have only heard of one other person actually having this card over the last year on the board. Like I said it is a Unicorn Card, elusive to get.
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Author: Guest
Posted: Sun Jun 13, 2004 7:53 pm
Post subject: Creditors ONLY pulling Transunion or Equifax ?
Which creditors only either pull Transunion OR Equifax? My Experian has the lowest score out of all of them. Feedback would be GREATLY appreicated. I'm from New Jersey if that matters.
View our latest credit card ratings!
Posted: Wed Jun 02, 2004 12:36 am
Post subject: Pulaski Bank
Does anyone know or have experience with what kind of credit score Pulaski Bank looks for for their cards? Their online app states "Excellent Credit History" required (I have 705 with Equifax) and just got approved for an AMEX Green card last month. I want their card because of he 4.75% fixed rate they are offering (Citibank charges me 9.99%). I've owned my home for 4 years, have no derogatory information on my CR, and make $160,000 /year.
View our latest credit card ratings!
Author: NightStar
Forum Moderator
Joined: 07 Nov 2003
Posts: 2193
Location: Illinois
Posted: Wed Jun 02, 2004 7:24 am
I tried a while back, they pulled from TransUnion for me at the time my score was in the 740 range. To apply with this bank you have to forward them by fax a copy of your payment stub, a copy of your drivers license. They will mail you out something first to verify your address, or call you to verify your phone. They have strict underwriting just like a mortgage loan would have, I did not make the cut, I messed up myself, showing joint debt, but they would not count my joint income for individual account. It made me look like my utilization was like 47% instead of 26%. Also I have low income only $20,000 per year, so they would only offer $2,000 (and if you already have existing $2,000 credit limit with anyone else) then they are not going to give you anything! They mean it when they say you are only entitled to $2,000 that takes in account what you already have with other creditors. They also reserve the right to sell any accounts of theirs out to other creditors... only problem is you might be going along happy with that 4.75% interest then boom - you now belong to a creditor charging 18% interest - just for example. This was my unicorn card, kept chasing after this one, until I realized it was too good to be true. Least for me it will remain out of reach no matter how good my credit scores become.
View our latest credit card ratings!
Author: Board Monitor
BOARD MONITOR-ADMINISTRATOR
Joined: 05 May 2003
Posts: 428
Posted: Wed Jun 02, 2004 8:53 am
Good points Nightstar. Guest, you might have a shot given your high income. Though, your credit score seems borderline. What kind of debt load are you carrying? Don't know exactly what they require (they generally don't share this information), but wouldn't hurt to try if your debt isn't too bad. Let us know how things turn out...
Best Regards,
Curtis Arnold
Board Monitor
U.S. Citizens for Fair Credit Card Terms, Inc.
http://www.cardratings.com
501-663-0314 PH 501-301-8474 FX
View our latest credit card ratings!
Author: Guest
Posted: Wed Jun 02, 2004 9:44 am
Heres a better idea. Simply get a Bank of America or a MBNA card. Why? Because after 9-12 months of active usage, you can call retention and get a 5.9% fixed rate without worrying about faxing over your life story and very personal information. Plus, Pulaski can and DOES sell off accounts without notice and rarely if ever will you keep that 4.75% rate. The point I am making is that it seems too much hassle versus getting in the good graces of a major issuer who can come close to 4.75% without adhering to their fine tooth comb underwriting criteria which is overly excessive IMHO.
View our latest credit card ratings!
Author: Guest
Posted: Wed Jun 02, 2004 11:31 am
Thanks everyone for their help. I owe: $19,000 on my wife's car ($500/mo) $25,000 on my car ($500/mo) $150,000 mortgage ($1259/mo) $1180 to Sears (installment, can pay it off completely, but would like to spread it out to help bump up FICO) $0 to AMEX (paid off monthly) $882 to Citibank ($25/mo) And thanks, other Guest, that also sounds like a good idea, but I went ahead and applied for it anyway, and I'm in the midst of faxing over my last paystub and 2003 W-2.
View our latest credit card ratings!
Author: Guest
Posted: Thu Jun 10, 2004 12:30 pm
One week later, still waiting. Anyone else get a card from them? How long did it take?
View our latest credit card ratings!
Author: NightStar
Forum Moderator
Joined: 07 Nov 2003
Posts: 2193
Location: Illinois
Posted: Thu Jun 10, 2004 12:59 pm
When I applied, know it took better then 2 weeks to hear back from them, they do move slower then other companies out there. Think they can take 2 to 4 weeks to respond.
View our latest credit card ratings!
Author: Guest
Posted: Sun Jun 13, 2004 12:31 pm
If anybody is interested, they declined me. They pull TransUnion (my TU score is 670). Apparently, I have a couple of old CC accounts ($0 balance) that still show up on EFX helping my utilization ratio, accounts that are not on my TransUnion report. Oh well. Their loss.
View our latest credit card ratings!
Author: NightStar
Forum Moderator
Joined: 07 Nov 2003
Posts: 2193
Location: Illinois
Posted: Sun Jun 13, 2004 2:09 pm
Sorry to hear that, they are just a tough on to get, I have only heard of one other person actually having this card over the last year on the board. Like I said it is a Unicorn Card, elusive to get.
View our latest credit card ratings!
Author: Guest
Posted: Sun Jun 13, 2004 7:53 pm
Post subject: Creditors ONLY pulling Transunion or Equifax ?
Which creditors only either pull Transunion OR Equifax? My Experian has the lowest score out of all of them. Feedback would be GREATLY appreicated. I'm from New Jersey if that matters.
View our latest credit card ratings!
posted by CardRatings.com at 10:57 AM
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