09-23-2012 12:31 AM
Hello everyone! I am brand new to the site! I'm a 21 year old full-time college student with limited credit history, only including 4 student loans, 1 which has already been paid off without missing any payments. I recently decided that it was time for me to start applying for credit cards and start building more credit, seeing as I will be graduating college soon! Before finding this site, I applied for a store credit card (Victoria's Secret,) Capital One Secured, and a Citi Forward Student Card. I was automatically declined for the Capital One Secured. I will be hearing from Victoria's Secret within 7-10 days, and Citi informed me that they would like confirmation of my address before giving me a decision. I e-mailed Citi a bank statement today and looked up my FICO using this site (it is a 689). But, my address listed is an old address - different than the one I was using on my apps!
So do you guys think my incorrect address could have anything to do with me getting so many denials/manual reviews, and could I possibly get a recon if I explain the situation with my address mix up? Can I change my address on my FICO, and does it look bad on the report if I change it? Lastly, if I am not approved for the Citi or Victoria's Secret card, what would you guys suggest I do next? Thanks everyone for all your help!!
09-23-2012 03:09 AM
You can call capital one back and recon application you recon look for tNu number everywhere..........the bad case ask them to see if you can put some deposit money as a secured minimum 200....and more.......
citi bank be honest with them and give them your billing or something prove your address maybe 2 bills ...fax it over.......
victoria you can call them and ask about the process of application.....they might need to verify some Info same thing with city.........
you make a perfect payment on your student loan......so let all the company know about it........also if they all denied then look for some recon department they might approve you.......keep us updated about your situation.........and good luck.....the back door number should be find at the font page sticker on credit card section.....
09-23-2012 06:21 AM
I would definitely call them for a recon, which is short for reconsideration. This is where an analyst can manually review your app and approve a computer generated decline if they feel you have an acceptable credit profile. If you prefer, you can wait until you receive the denial letter. It should explain why they rejected you, and you can discuss those points with the analyst, unless you decide to call now and see exactly what they have to say. Welcome and good luck!!!
09-23-2012 07:47 PM
Thank you so much for the advice everyone! You have been so helpful! I will keep you all updated as to what the letters say when I recieve them and how the recons go!
09-24-2012 10:32 AM
Congrats!!! I thought the minimum with Discover was 1k hehe. Please let us know about Citi
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.