marty56 wrote:In this case, the sum of 2 subprimes is still subprime.
Back in my dark credit days, Capitol 1 tried to give me 2 $300 CL cards rather than a single $600 crad. This was (still might be) a common practice designed to generate OTL fees. HSBC was not DMP friendly. Yes it was my fault but at least it makes it easier to avoid both companies.
+1
But hopefully they will start to change their image some here soon!!
LS2982 wrote:
marty56 wrote:In this case, the sum of 2 subprimes is still subprime.
Back in my dark credit days, Capitol 1 tried to give me 2 $300 CL cards rather than a single $600 crad. This was (still might be) a common practice designed to generate OTL fees. HSBC was not DMP friendly. Yes it was my fault but at least it makes it easier to avoid both companies.
+1
But hopefully they will start to change their image some here soon!!
Don't confuse HSBC with Orchard: while HSBC has some of their own subprime offerings, they are very much a prime credit card extender too. It was this second part which Cap One stated their interest in... I'm betting Cap One doesn't even officially consolidate Orchard into it.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
Goal Score: 680 in all three (01/01/14)
Take the FICO Fitness Challenge
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.
>> About myFICO
