01-08-2012 09:44 PM
01-08-2012 09:47 PM
01-08-2012 10:00 PM
01-08-2012 10:01 PM
01-08-2012 11:05 PM - edited 01-08-2012 11:05 PM
Well bad news. I got denied.
I'm not surprised: cap 1 auto is not nearly as "subprime" as they used to be, and nowhere close to what their cards are. I wouldn't sweat it that much, I don't know anyone that has any interaction with cap 1 and comes away smiling.
If you have a decent downpayment, you can absolutely find someone to give you a loan. Just make sure it reports, and go open another card as well somewhere, secured or otherwise.
01-08-2012 11:19 PM
01-08-2012 11:28 PM - edited 01-08-2012 11:29 PM
This sucks. I already have 8 hard inquiries coz i had no idea that everytime you apply for a cc autoloan etc affects you credit report and score. I just established 3 months and i already have a bad record
Well if you just pulled the auto one on Cap 1, I can pretty much guaruntee you they pulled all three bureaus: so you now have a 13ish day clock starting basically tomorrow morning - go shop for auto loans and it won't impact your score any further as though auto loan inquiries will roll up into one score wise.
Beyond that, you're doing fine, you know far more at your current stage of life than I did at that time. You'll be OK, inquiries don't kill you, and they fade off the scoring faster than anything other thing which actually gets on the report.
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.