Denied for a Credit One.. ROFL...

[Josh2942]

I think it makes perfect sense. You clearly have a very thin file and not sufficient income to warrant more credit or your spending doesn't warrant more credit based off your report. Even if you have 0 balances each month the creditor reports how much you have paid which shows how much you used for the month. Your score maybe 715 but with no history behind it, it could drop real low at any mistake because there isn't many years behind it of responsible usage.

[Anonymous]

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@juggalo9er wrote:

i  began being denied by credit one 2 years post chapter 7, this should tell you their demographic. i think its good to soft pull through them every month as you do get a free credit score (not sure which model) and a free report.....i really wish they would approve me for their 1% gas card

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I really hope this is sarcasm.

[PCR20]

I was curious because I read here that they will deny you if you have too good of credit. 

It seems that's true:

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Your credit score: 818
Date: 12/26/2014 
Scores range from a low of 300 to a high of 850

Key factors that adversely affected your credit score:

• Excessive amount owed on accounts  (I owe about $1,800 on a +$55K available limit)
• Ratio of loan balances to credit limits too high  (3% is too high?? I think they are high!!)
• Insufficient length of revolving account history (AAoA is 8 Years, oldest is 28 Years)

If you have any questions regarding this letter, you should contact us at:

Credit One Bank
P.O. Box 98878
Las Vegas, NV 89193-8878
1-877-825-3242

Sincerely,

Credit One Bank, N.A.

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[CreditMagic7]

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@Anonymous wrote:

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@juggalo9er wrote:

i  began being denied by credit one 2 years post chapter 7, this should tell you their demographic. i think its good to soft pull through them every month as you do get a free credit score (not sure which model) and a free report.....i really wish they would approve me for their 1% gas card

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I really hope this is sarcasm.

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[Anonymous]

I got approved for their card back in 2008. At that time they were the best option for me. Can't remember if I used it or not. But I wouldn't dare apply for anything with them now only because there are much better options available.

[Imperfectfuture]

As always, I think it's better to get secured card than credit one. They even have better sub prime lenders (first national legacy is one, actual grace period, free cli's, etc).

They want desperate people, since over half their business is collecting bad debt.

[TRC_WA]

The best part of my rebuild that began 19 months ago was I didn't need to use Credit One or First Premier.  I went straight to Capital One and didn't look back.

[juggalo9er]

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@CreditMagic7 wrote:

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@Anonymous wrote:

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@juggalo9er wrote:

i  began being denied by credit one 2 years post chapter 7, this should tell you their demographic. i think its good to soft pull through them every month as you do get a free credit score (not sure which model) and a free report.....i really wish they would approve me for their 1% gas card

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I really hope this is sarcasm.

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its a legitimate cash back card!