Re: Capital One not so BK friendly anymore?[ Edited ]
02-10-2009 05:32 AM - edited 02-10-2009 05:34 AM
Who in the world can ever figure them out? I had a BK discharged in 1/2003. The only two negative accounts on my report are a CapOne card discharged in that BK (less than $300 balance, and never mind the several other cards I've had with them all paid to the penny as agreed), and a CapOne installment dental loan in which I paid perfectly on all 24 monthly payments except one late in July 2006, which I made up promptly with the next payment. That late is the bane of my existence, it seems, since it's quoted everywhere as a reason for credit denial.
In fact, I have applied for CapOne cards and loans and been denied due to something like, "negative history with Capital One."
UNTIL a few weeks ago when I was approved for a card. I have no idea what their formula is, if any, for forgiving and forgetting (there is no forgetting with Capital One but they might move on and give you another chance.)
Too many accounts; too many debts; lots of open credit, and lots of utilized credit. Scores somewhere in the 600s - I have no earthly idea exactly what number, but not 700 like it was, briefly.