02-09-2009 06:23 PM
An online CSR was evasive when I asked if Cap1 would extend credit to those with a "Public Record" on their credit report.
I didn't get a direct answer, but the jist of it was that those with "existing" accounts who have PRs can get additional Cap1 credit products. This led me to conclude that new applicants with PRs probably WON'T.
Maybe they really are going in a new direction from the past.
02-09-2009 08:16 PM
02-09-2009 08:47 PM
02-09-2009 09:35 PM - edited 02-09-2009 09:36 PM
02-10-2009 04:19 AM
I was approved in December 08 for a $1,000 CL rewards Visa with a BK in 2000 and a 42K tax lien in 2002.
02-10-2009 05:32 AM - edited 02-10-2009 05:34 AM
Who in the world can ever figure them out? I had a BK discharged in 1/2003. The only two negative accounts on my report are a CapOne card discharged in that BK (less than $300 balance, and never mind the several other cards I've had with them all paid to the penny as agreed), and a CapOne installment dental loan in which I paid perfectly on all 24 monthly payments except one late in July 2006, which I made up promptly with the next payment. That late is the bane of my existence, it seems, since it's quoted everywhere as a reason for credit denial.
In fact, I have applied for CapOne cards and loans and been denied due to something like, "negative history with Capital One."
UNTIL a few weeks ago when I was approved for a card. I have no idea what their formula is, if any, for forgiving and forgetting (there is no forgetting with Capital One but they might move on and give you another chance.)
02-10-2009 01:17 PM
I had a BK discharged in 10/2006 that included a cap one card, and in 5/2007 I applied for another cap one card and got it, I also applied again in 10/2007 and got another one. I just combined those cards in 12/2008 and was considering getting another one from them.
It's odd however because in December I checked their preapproval site and was preapproved for a no hassles rewards card with no AF, but I wanted to wait a few months after the combining to get one, I just checked the site again a couple of days ago and I'm not preapproved for anything (scores are in the 680 range). They have been BK friendly in the past, maybe they still are, but they have definitely made some changes recently.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.