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Ashamed- Declined for a Secured Card

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marty56
Super Contributor

Re: Ashamed- Declined for a Secured Card


@Anonymous wrote:

Their is nothing for you to be ashamed of.....hard times and credit challenges happen to many of us.


+1000

 

Don't give up.  Depending on the negative information on your CR, you may be able to get a store card.  I would liook towards a Sams/Walmart card but you would have to do research on their approval rates based on your credit profile.

 

Finnaly don't forget a no now could be a yes 6 months to a year later from someone else.  It takes time but it will happen.

1/25/2021: FICO 850 EQ 848 TU 847 EX
Message 11 of 15
anca21bi
Frequent Contributor

Re: Ashamed- Declined for a Secured Card

Don't feel alone! I too was declined for a Wells Fargo Secured Card and I banked with them! This was about a year ago when I first learned about secured cards from here and started to fix my credit. I left banking with Wells Fargo and switched back to Bank of America. I applied for an orchard bank unsecured card and received a small credit limit of $320. I'm going to open up a secured card with Bank of America within the next month or so to keep rebuilding. I would also try Hooters Mastercardd. They gave me an unsecured card when nobody would.
Message 12 of 15
BungalowMo
Senior Contributor

Re: Ashamed- Declined for a Secured Card

I also totally agree....don't be ashamed at all for being in a bad situation right now.  Especially since you are obviously addressing your issues, trying to clean up what you can & doing all you can to move forward & get some credit back on the positive side.

 

Post what you can about what your reports show & we'll try & help you with any negativeaccts that are reporting.

 

Hang in there....you have a ton of wisdom here on the boards & we ALL want to see you improve!!!

 

I love this place....I'd still be in the FICO toilet without them!!  Smiley Sad

BK 7 discharge 06.24.2020 No Fico score at all. Smiley Sad
Message 13 of 15
Wolf3
Senior Contributor

Re: Ashamed- Declined for a Secured Card

Wells Fargo website says "No liens" to get the secured card.  I assume that means if you have unpaid account, you don't qualify. 

 

Does anyone know exactly what that means?   

 

 

 

Message 14 of 15
kball64
Frequent Contributor

Re: Ashamed- Declined for a Secured Card

National City approved me for a secured card when my scores were in the low 500's.  They don't unsecure but it will give you an opportunity to establish some positive history. 
Message 15 of 15
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