topic Re: Capital One Denial After Pre-Qualification in Credit Card Applications

Capital One Denial After Pre-Qualification

Anonymous — Thu, 20 Dec 2018 13:26:42 GMT

After reading on this forum for a while, I decided to see if I'm pre-qualified for a Capital One Platinum. After try numerous times after my 11/2018 Chapter 7, it finally said I was pre-qualified. I'm thinking this has to do with a new AU card on my CBR and my Fingerhut account finally showing up ($300 revolving). I pulled the trigger and got this message:

Thank you for your interest in a Capital One® credit card. Joseph, unfortunately we were unable to approve your application at this time. We know you’re disappointed. To help you understand why, we’ve explained the reason for this decision in a letter or email that you’ll receive within 10 days.

Woops. Anyone else have this experience? I didn't get the reasons for denial yet.

Re: Capital One Denial After Pre-Qualification

Anonymous — Thu, 20 Dec 2018 13:49:34 GMT

Call them for reconsideration. Hard pull already happened so it cant hurt to try.

Re: Capital One Denial After Pre-Qualification

Priory_Man — Thu, 20 Dec 2018 15:07:35 GMT

I think most on these boards have had that, or very similar messages at one time or another.
Wait for the letter to arrive, see what it says. It maybe that a secured card is the way to go at this time.
If you have any DP's to share that may help others in helping you better understand why you were declined, outside of the CH7 that is.

Re: Capital One Denial After Pre-Qualification

_NERD — Thu, 20 Dec 2018 15:23:00 GMT

@Anonymous wrote:
“After try numerous times after my 11/2018 Chapter 7...”

The best course of action a month after bankruptcy may be to obtain 3 secured cards and a secured credit builder loan. We have a rebuilding section in our community.

Re: Capital One Denial After Pre-Qualification

Anonymous — Thu, 20 Dec 2018 15:43:15 GMT

So far, I have:

$300 Fingerhut 12% util

$300 Kohls (not reporting yet) 12% util

$200 Discover AU 30% util

$200 Capital One AU 30% util

$25/mo Self Lender (not reporting yet)

$12000 Discover AU 3% util
$12000 combined student loans never defaulted Navient 7+ years

I will post the what the letter states, and any further results for reference

Re: Capital One Denial After Pre-Qualification

CramEiko — Thu, 20 Dec 2018 15:52:49 GMT

@Anonymous wrote:
Call them for reconsideration. Hard pull already happened so it cant hurt to try.

Maybe all you need is time? 11/18 was just here. Just a thought.

Re: Capital One Denial After Pre-Qualification

Pikaboo-icu — Thu, 20 Dec 2018 17:16:29 GMT

@Anonymous wrote:
So far, I have:

$300 Fingerhut 12% util
$300 Kohls (not reporting yet) 12% util
$200 Discover AU 30% util
$200 Capital One AU 30% util
$25/mo Self Lender (not reporting yet)
$12000 Discover AU 3% util
$12000 combined student loans never defaulted Navient 7+ years

I will post the what the letter states, and any further results for reference

Sorry about the denial.

Cap One recons are almost never successful.

I think your uti may be an issue as well as one month out of BK.

6-12 months out of BK, should see better results, if I recall correctly.

Re: Capital One Denial After Pre-Qualification

kdm31091 — Thu, 20 Dec 2018 19:24:51 GMT

@Anonymous wrote:
Call them for reconsideration. Hard pull already happened so it cant hurt to try.

True with most banks, not true with Capital One. There is no reconsideration available. Unfortunately all you can really do is try again later.

Re: Capital One Denial After Pre-Qualification

FireMedic1 — Fri, 21 Dec 2018 09:41:13 GMT

Cap1 wont recon. The CSR's are bound to what the computer says 99.999%. The pre-qual page is pretty solid in most cases, but some still get the sorry not now message.

Re: Capital One Denial After Pre-Qualification

FireMedic1 — Fri, 21 Dec 2018 09:42:51 GMT

@Anonymous wrote:
After reading on this forum for a while, I decided to see if I'm pre-qualified for a Capital One Platinum. After try numerous times after my 11/2018 Chapter 7, it finally said I was pre-qualified. I'm thinking this has to do with a new AU card on my CBR and my Fingerhut account finally showing up ($300 revolving). I pulled the trigger and got this message:

Thank you for your interest in a Capital One® credit card. Joseph, unfortunately we were unable to approve your application at this time. We know you’re disappointed. To help you understand why, we’ve explained the reason for this decision in a letter or email that you’ll receive within 10 days.

Woops. Anyone else have this experience? I didn't get the reasons for denial yet.

If they got burnt. One year out usually opens the door.