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Anyone get approved for a Unsecured credit card ...?

Contributor

Anyone get approved for a Unsecured credit card ...?

Have any of you got approved for an unsecured credit card with Bad credit. My FICO (EQ) is at 560 right now. I am disputing a few things on my credit report. i Have 27 collection accounts 2 of which are paid and 90% of them are medical. I'm working on getting these things paid.


Starting Score: EQ FICO 559
Current Score: EQ FICO 569
Goal Score: 750 All
WF Secured (300)
Message 1 of 18
17 REPLIES
Super Contributor

Re: Anyone get approved for a Unsecured credit card ...?

Your best bet is to have the collection records taken off first. Write letters of goodwills to the collection agencies requesting they take it off for the accounts that have been paid in full.
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Message 2 of 18
Established Contributor

Re: Anyone get approved for a Unsecured credit card ...?


Erika3o3 wrote:

Have any of you got approved for an unsecured credit card with Bad credit. My FICO (EQ) is at 560 right now. I am disputing a few things on my credit report. i Have 27 collection accounts 2 of which are paid and 90% of them are medical. I'm working on getting these things paid.


POSSIBLY Cap1, but more likely only the bottom-feeders like Credit One and First Premier. It is also possible that a local credit union might approve you, but the limit will likely be very small.

 

I'm Spartacus!

hr>Starting Score: EQ 546, EX 547, TU 580
Current Scores (lender): EQ 725 , EX FICO 720, TU 737 FICO scores>
Goal Score: 750
Take the FICO Fitness Challenge
Message 3 of 18
Established Contributor

Re: Anyone get approved for a Unsecured credit card ...?

From what I have seen, most people seem to have luck with capital one.  A lot of others app for First Premier and Credit One but those banks are often compared to loan sharks.  

Message 4 of 18
Contributor

Re: Anyone get approved for a Unsecured credit card ...?

I've had Cap 1 before and closed there card (it has been reported in good standing and paid as agreed) but they closed the account. I lost the card and didnt use it for a LONG time (due ot moving) i applied recently for there classic platinum and got denied.


Starting Score: EQ FICO 559
Current Score: EQ FICO 569
Goal Score: 750 All
WF Secured (300)
Message 5 of 18
Established Contributor

Re: Anyone get approved for a Unsecured credit card ...?


Erika3o3 wrote:

I've had Cap 1 before and closed there card (it has been reported in good standing and paid as agreed) but they closed the account. I lost the card and didnt use it for a LONG time (due ot moving) i applied recently for there classic platinum and got denied.


Is there a local credit union you could speak to?

 

I'm Spartacus!

hr>Starting Score: EQ 546, EX 547, TU 580
Current Scores (lender): EQ 725 , EX FICO 720, TU 737 FICO scores>
Goal Score: 750
Take the FICO Fitness Challenge
Message 6 of 18
Established Contributor

Re: Anyone get approved for a Unsecured credit card ...?


Erika3o3 wrote:

Have any of you got approved for an unsecured credit card with Bad credit. My FICO (EQ) is at 560 right now. I am disputing a few things on my credit report. i Have 27 collection accounts 2 of which are paid and 90% of them are medical. I'm working on getting these things paid.


27 collection accounts is quite a bit. Even though they are mostly medical, they are still viewed as bad accounts from creditors, maybe not as bad as a credit card debt, but bad none the less.

 

Your best bet would be to work hard to get most or all of them either paid, or possibly PFD (Pay for deletion) so they are removed once paid. I think that would be your best place to start before applying for anything that will do a HP on your report. A bunch of wasted inquiries would only do more damage to your score IMO.


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Message 7 of 18
Contributor

Re: Anyone get approved for a Unsecured credit card ...?

tried that, and they just denied me and never said why (but im sure due to my credit score and report) but they never specifically told me why.


Starting Score: EQ FICO 559
Current Score: EQ FICO 569
Goal Score: 750 All
WF Secured (300)
Message 8 of 18
Established Contributor

Re: Anyone get approved for a Unsecured credit card ...?


Erika3o3 wrote:

tried that, and they just denied me and never said why (but im sure due to my credit score and report) but they never specifically told me why.


Honestly, you probably need to cool on the apps for a while and work on those baddies. If Cap1 and CUs aren't approving even low limit cards, your only refuge is to apply in some unsavory places. Once you get that score above 600, your options open up and you can work from there.

 

I'm Spartacus!

hr>Starting Score: EQ 546, EX 547, TU 580
Current Scores (lender): EQ 725 , EX FICO 720, TU 737 FICO scores>
Goal Score: 750
Take the FICO Fitness Challenge
Message 9 of 18
Contributor

Re: Anyone get approved for a Unsecured credit card ...?

All Right thanks for the replies everyone!


Starting Score: EQ FICO 559
Current Score: EQ FICO 569
Goal Score: 750 All
WF Secured (300)
Message 10 of 18