@Anonymous wrote:
Have several recent INQ because I wanted to bunch these rebuilding cards together and let them age as a group until my bad stuff drops off. I didn't know if they were reasonable with approving applicants (not sure I said that right) to not waste an INQ.
Anything one may know would be appreciated, even if it's just advice.
Thanks
Complicated process but:
You apply in branch...
then they mail you a letter telling you declined or approved.....
If approved you have so many days to fund the account AND......the letter tells you your maximum limit. So for example if they approve you for 2000, you can deposit anywhere from 500 to 2000 and that is your CL. The card becomes eligble to be unsecured at 7 months and reviewed month to month after. They are basically preapproving you up to the limit they'd be willing to give you an unsecured line later down the road. When you unsecure, they send you a letter. About two weeks later you get your money back and you use the same card it just isn't secured any longer. It's the TD Easy Rewards. If you unsecure before a year you get the prorated amount of the AF credited back to your card.
