Cap1 pre-approval w/ unpaid Cap1 charge-off???I'

[grillandwinemaster]

thats amazing!  It seems like theres quite a bit of experiences where theres a capital one C-O, yet they are willing to extend credit. This makes them "seem" like a friendly company. But when it comes to good willing paid baddies, they are stubborn as a mule, and almost as smart!! What gives? Makes no sense at all. 

Anyone else out there with similar cap1 experience?

[Creditwiser]

No surprise here.  I burned them for 3k in BK and they gave me a Plat MC 1k and a QS1 3k.    To say thank you I pump all the money I can thru the QS1 , buy and pay , buy and pay, and with some luck I'll see even more luv with a nice CLI soon.

Honestly ,I feel compelled to pay the the 3k I burned them for .  Every now and then I struggle with that.

[grillandwinemaster]

I dont think they are legally able to take your payment post bk. But if its voluntary, i guess it could work. Or how about you make a donation to your fave charity in cap1's name?  Lol

[Creditwiser]

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@grillandwinemaster wrote:

I dont think they are legally able to take your payment post bk. But if its voluntary, i guess it could work. Or how about you make a donation to your fave charity in cap1's name?  Lol

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You could be correct, Im not sure.  I think I can offer it up voluntarily though and they can accept. However it is written off so probably no point.

[Whitneyy]

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@RobertEG wrote:

I presume the debt was paid?

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Nope, neither of them were. 

[Anonymous]

do a search on here and you will find quite a few stories of people getting a secured card from Cap1 with COs. When I did the preapproval in April they preapproved me for the secured card. I went back this last moth and ran it again. They had nothing preapproved but just recommended the Platinum unsecured so I went for it. Was pleasantly surprised. Not that I want to use it like a CC. I use it like a debit card. I use it and pay it immediately. I pay attention to the reporting date and leave 1-10% and pay that before the due date. Keeps my scores up nad climbing!

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@grillandwinemaster wrote:

thats pretty crazy!  Maybe i will give it a shot and apply. I have nothing to loose. Im still rebuilding, and not planning on using my credit anytime soon. Who can figure out Cap1?  There a tough nut for sure. 

Thanks for your reply!

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[grillandwinemaster]

Im pulling the trigger. With all these positive experiences, im willing to roll the dice and take my chances!  I will report back in a few what happens!

[Whitneyy]

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@grillandwinemaster wrote:

Im pulling the trigger. With all these positive experiences, im willing to roll the dice and take my chances!  I will report back in a few what happens!

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Good luck!

[Creditwiser]

Cool, keep us posted and good luck!

[grillandwinemaster]

Congratulations! You have been approved!!

I think it truly is amazing that they approved me w an unpaid co. Or a lack in judgment.  While i appreciate it, i dont know if i would have approved myself!  Small, $300 limit, but i will take it. 

Thank you everybody for your replies. 

I think i will call cap 1 and ask them to charge the full $300 minus whatever fees, and begin applying it to my CO.  Any thoughts on if this will work?

Please let me know, any advice and/or guidance is greatly appreciated!