12-03-2012 06:00 AM
Maybe someone on the forum with more experience than I can help. I have worked hard for a few years now to get my credit to where it used to be. I have recently began applying for cards and have gotten approved; however, I don't understand how I can get an approval for one GEMoney credit card and not another (Carpet One vs JCP), same holds true for an approval with Kohl's (Cap One) and not for Best Buy. If anyone can shed some light, I would appreciate it.
12-03-2012 06:25 AM
The game we play is random.
Different companies have different criteria.
12-03-2012 06:48 AM
+1. Also, each time you apply, at least one of your reports takes a hard inquiry and maybe a new trade line. This will usually lower your score, at least temporarily. Then there is your average age of accounts; that can also be lowered which may also cause you to lose a few more points. All of this is factored in, that's usually why many people say to only apply for credit that you need or at least only the cards you will actually use. Good luck. Rebuilding can be frustrating, but the "Reaping the Rewards" stage will last a lot longer than the Rebuilding stage does. ;-)
12-03-2012 09:05 AM
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.