10-16-2008 03:38 PM
I was "preapproved" for a Orchard Bank Mastercard only to get declined when I went through with the hard pull!
The reason was: "We recently approved you for an HSBC account"
I was NOT aware that one could only have ONE card through HSBC....WHY DIDN'T THEY LET THIS BE KNOWN IN THE PREAPPROVAL????
SO I called them to try and recon or get them to take the hard pull back with no luck!!!!
Have anyone else had this problem???
10-16-2008 04:46 PM
10-16-2008 07:43 PM
10-16-2008 07:46 PM
BOA will do this too.
Actually I found 1 solitary post in here of someone who had a fully secured card. After a few (5-6) months, the poster appd for an unsecured CC and was approved. I was shocked when I read it.
I was approved for two 99/500 offers in the same week for two different BofA CCs. I accepted one, waited for my $99 to clear and went to accept the other only to hear back that I already had sufficient credit with them.
10-17-2008 06:31 AM
I just got my HSBC card about 2 months ago. It does have a $59 AF so I'm assuming that you would have to have it for 18 months before you are elgible for another card through Orchard or HSBC.
I'm not sure though, the rep told me to apply again in 16 months which will make the total time 18 months!....Yea right!...Hopefully by that time I will be on Prime status and will not have to deal with any subprime cards again!!!!
10-17-2008 12:17 PM
10-17-2008 12:20 PM
Oh, that sucks! Boo to Orchard.
Maybe try to the GW them about the pull.
Friendly, Supportive & Respectful
"However gradual may be the growth of confidence, that of credit requires still more time to arrive at maturity” ~ Benjamin Disraeli
10-17-2008 07:53 PM
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.