I keep reading that it's necessary to have a good variety of types of credit-ie, installment loans, revolving credit, etc. I have a very recent auto loan, and an open Badcock Furniture account, both in good standing. I do not have any type of credit cards. I tried for a CapitalOne Secured card and was denied. I also tried for a WM card...again denied. This was back in Oct. 12. Can someone help me understand why I'm having such a problem even getting a secured card, please? (The info in my siggy is current.)
Starting Score: 02/2013 606(TU-myFICO); 647(EQ-CreditExpert); 578(EX-CreditExpert) 
Hello Brownbee.
I moved your post over here to the Credit Card threads to let these gurus have a crack at you. 
Good Luck!
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.
Thanks, Shogun! I realized as soon as I hit post that I should have been over here. 
What kind of baddies do you have? Sometimes unpaid collections and very recent derogatory remarks hold people back. Also, others who have been reportedly denied for secured cards have found out that they had derogatory marks on their Chexsystems reports.
Either way, lenders are required to tell you the reasons you were denied for credit, so the letters you received telling you that they denied your application would be a logical start. if you still have those we can try to help recommend next steps.
