02-22-2013 05:44 AM - edited 02-25-2013 08:09 AM
I applied for and was denied a secured card on Feb 7, I got the letter and called to recon and was told it would be reviewed by yesterday. I call this morning and they tell me they can't review it for another 30 days, the guy on the phone can barely speak yet alone understand english and just keeps giving me the run around.
My score has went up and I have had two collections come off since applying. The reasons they gave me for denying are the reasons someone needs a secured card :\ (length of credit history, lack of recent account information, there are too few or no revolving accounts)
Can someone PM me the exec/president office contact? I just want a straight answer LOL
02-22-2013 05:53 AM
google the email address of the Capital One CEO. it will come up quite easily. Good luck. Keep us updated.
02-22-2013 05:55 AM
I have, the only thing I keep getting is info on the exec no email is coming up for me
02-22-2013 06:07 AM
Whatever department I was speaking with answer was
"We can't pull your credit again for another 30 days" and "You need to have existing good credit to get qualify for the secured card"
Soo there is my answer. I did find the email to the executive, atleast I think its right LOL and I have emailed them. I'll keep you posted with what happens!
02-22-2013 08:14 PM
I just checked my mail and there was a letter from Cap 1 regarding the review of my account trying to get a secured card.
It says that they can't pull my credit again for thirty days and that if I want to be reconsidered right away to fax them a copy of all three of my credit reports. I don't know why they want all three since they pull EQ.
I won't do anything until I hopefully hear back from the executive office.
02-22-2013 09:12 PM
Ahh, that is strange since it says it pulled info from EQ on my letter. Either way I'm not faxing them 30+ pages of info pulled from all three credit reports. That is absolutely absurd!
02-22-2013 09:17 PM
Those letters just state 1 CA
but make no mistake cap1 pulls all 3
I have 2 cards thus 2 pulls each = 6 pulls im stuck with for 2 years
Good Luck I wish you the best
02-25-2013 08:12 AM
I was able to get in contact with the exec office this morning. They told me the same thing the CSR told me which was that you had to have some sort of good credit to get the secured card. I have been denied the BOFA, Cap 1, 2 Credit unions and wells fargo secured cards. FIVE secured cards I've been denied!
I'm going to take a break from trying to repair for now it seems this ONE charge off I have is holding me back from just about anything. I have fingerhut that I was able to get so I'm going to garden that for a while and Aarons that will be reporting in a few months.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO