topic Re: Help with capital One approval!!! Please!!! in Credit Card Applications

Help with capital One approval!!! Please!!!

Anonymous — Sun, 25 Oct 2015 20:38:25 GMT

Hello Everyone!! I am new to posting, I have been looking around on the forums for about 6 months now everyday, usually around 10 times a day! I have started a new credit journey just in the past few months and have been trying to get as much information as i could before actually applying. I had found 7 medical bills on my report that were incorrect, so i disputed them recently and had a few removed and the others are still pending. A care credit account 3 years ago that was positive and paid off with only one month late. SO i was so afraid to apply because the fear of denial with all these cards. until today, I applied for a capital one platinum card, literally biting my fingernails with my eyes closed while it processed. opened my eyes to a "unfortunatly we are unable to approve you letter with a 7-10 day reply"

I am sure this question has been asked 100,000 times before me, but I have searched the forum and i am still unclear what to do next. I have called two seperate numbers first was csr that went nowhere and then an account specialist that basically told me to reprocess with another hard pull. I have heard of people using the EO for this, but i would like to know if this is a valid reason for using them. I just do not want to call or email and mess up those outlets for other people. Can someone please help me with this??!! I have already had a hard pull and i just do not want it to be a waste. I am hoping I can have the same luck as other people on the forum and have a denial turned into an approval. thanks so much for reading and God bless.

Re: Help with capital One approval!!! Please!!!

Anonymous — Sun, 25 Oct 2015 20:41:30 GMT

I would wait to see what the reasons are before you recon.

Re: Help with capital One approval!!! Please!!!

Anonymous — Sun, 25 Oct 2015 20:51:21 GMT

I recieved an email from them saying it was because of collections on account and not enough accounts. The number of accounts i have disputed and resolved a few so far. and the number of accounts is that I zero as of right now. thats why I picked to apply at capital one.I read thousands of posts that stated how capital one actually gave them a shot and were a good starting company. my fico scores are 580 to 605

Re: Help with capital One approval!!! Please!!!

Countingpennies — Sun, 25 Oct 2015 21:11:32 GMT

If you have no cards now, with your scores and profile, you should look at secured cards.

Re: Help with capital One approval!!! Please!!!

Anonymous — Sun, 25 Oct 2015 21:27:40 GMT

With not much of a credit history, no card and some collections on your report, they may not give you an unsecured card. I know you said that the collections are wrong and you are resolving them, but this might scare them. In their eye's, you basically have no credit history and have already defaulted. Maybe wait until the collections are resolved and reapply. I am not sure about cap1 recon process. Did you check their pre-qual before apping?

Re: Help with capital One approval!!! Please!!!

Anonymous — Sun, 25 Oct 2015 21:43:15 GMT

I did check the pre qualify and it said the cards recommended were platinum and the quicksilver

Re: Help with capital One approval!!! Please!!!

Anonymous — Sun, 25 Oct 2015 21:53:10 GMT

And also Futcrna, This is totally off subject,but I just saw your username and want to congratulate you on your chosen career path.Nurse anesthetists is a wonderful choice and a hard one. so im glad your taking that route. Not many people do and miss out on a great career. I was planning on going that route but chose to continue my studies for MD.

Re: Help with capital One approval!!! Please!!!

Anonymous — Sun, 25 Oct 2015 21:58:38 GMT

1-work on removing collection and pay for deletion if necessary

2-Try Credit One and First Premier

3-Start with small secured card

4-Use a smal amount and pay in full and wait 6 months-1 year

5-Monitor Credit and score when you get above 640 then you can re-apply

Re: Help with capital One approval!!! Please!!!

Anonymous — Sun, 25 Oct 2015 22:07:02 GMT

@Anonymous wrote:
And also Futcrna, This is totally off subject,but I just saw your username and want to congratulate you on your chosen career path.Nurse anesthetists is a wonderful choice and a hard one. so im glad your taking that route. Not many people do and miss out on a great career. I was planning on going that route but chose to continue my studies for MD.

Thanks it is going to be well worth it in the end. I was going to be an anestheologist, but I liked the nursing aspect so much more.

Re: Help with capital One approval!!! Please!!!

Anonymous — Sun, 25 Oct 2015 22:35:19 GMT

your welcome!! it really is a awesome and rewarding medical field... i know some people who have done it and they wouldnt change anything.... pertaining to the first premier card and credit one, ive read horrible reviews are you sure those are worth it, or should i just try higher up EO method for the capital one??

Re: Help with capital One approval!!! Please!!!

Anonymous — Sun, 25 Oct 2015 22:42:18 GMT

I would try to recon since you wasted 3 HP with EO. I would not do those cards. I would try cap one sec, BoA sec or maybe a CU. But don't waste your time with them espically credit one.

@Anonymous wrote:
your welcome!! it really is a awesome and rewarding medical field... i know some people who have done it and they wouldnt change anything.... pertaining to the first premier card and credit one, ive read horrible reviews are you sure those are worth it, or should i just try higher up EO method for the capital one??

Re: Help with capital One approval!!! Please!!!

Anonymous — Sun, 25 Oct 2015 22:43:36 GMT

Are your collections on all your reporst?

Re: Help with capital One approval!!! Please!!!

Anonymous — Sun, 25 Oct 2015 23:24:58 GMT

Most of the collections are on transunion and Equifax, there are a few on experian. I was thinking that a recon would be best considering they did 3 hard pulls as well. Do you know the correct way to do this with capital one? Every post I've read says different ways, do you happen to know the most effective way? I really feel like if I just reach out to them they might reconsider. It's worth a shot at least. 😃

Re: Help with capital One approval!!! Please!!!

fury1995 — Sun, 25 Oct 2015 23:28:03 GMT

Do you have your actual Fico reports for all three bureaus?

Medical Collections are fairly easy to deal with. Do you have any other collections?

You have some history with Synchrony bank that was a good account (CareCredit).. I would try Walmart for a revolving account. Walmart also provides a Fico every month (a real Fico, not a Fako).

I would stay away from CreditOne as they have high fees. If you can afford to secure a card, go for the Bank of America Secured and / or Discover Secured. The BOA card will unsecure in no time with good usage and history and they are a great lender to get in with.

Re: Help with capital One approval!!! Please!!!

fury1995 — Sun, 25 Oct 2015 23:29:16 GMT

@Anonymous wrote:
Most of the collections are on transunion and Equifax, there are a few on experian. I was thinking that a recon would be best considering they did 3 hard pulls as well. Do you know the correct way to do this with capital one? Every post I've read says different ways, do you happen to know the most effective way? I really feel like if I just reach out to them they might reconsider. It's worth a shot at least. 😃

Executive Office via email is your best route. You will get a return call.

Re: Help with capital One approval!!! Please!!!

Anonymous — Sun, 25 Oct 2015 23:44:20 GMT

I do not have any other collection, except for a $35 library book that wasn't returned I just found out about. I am calling to pay that tomorrow. 😊 can you email me the EO correct email address? I googled one and I just want to check to see if it is correct before I send all my personal info out. It was from a consumerist site.

Re: Help with capital One approval!!! Please!!!

Anonymous — Mon, 26 Oct 2015 00:47:28 GMT

ok, i just sent an email to r******.f*******@capitalone.com I hope that was the right one... i really hope that i have as much luck as everyone else seems to have, i cant even explain how happy i would be if i got an approval. i never realized how important credit is until recently, i have always paid cash for everything. i also had no idea how frustrating this all could be either... the anticipation waiting for a call back is going to kill me!!! thanks everyone for the pointers and God bless to you all

Re: Help with capital One approval!!! Please!!!

bodyboy1 — Mon, 26 Oct 2015 04:14:23 GMT

> ok Enough Doctor with niceties & Work.. great field, very rewarding.. good! > Done!.. No! do not do Anything with Credit one or first premmy Anything.

call 1-800-955-1455.. ext 858834 ask to speak to someone in EXECUTIVE OFFICES NOW.. ask to please recon again witha small line for the Holidays, explain those damn! things on your report.. see what they say... be nice, but firm.

Re: Help with capital One approval!!! Please!!!

ddemari — Mon, 26 Oct 2015 19:41:37 GMT

Op cap1 recommends is not a prequal. But plat mc can be obtained by a lot of people with limited profiles. From other posts 7 to 10 day is not always a kiss of death. Maybe wait till u get an email or letter and then escalate the decision if u think your scores and the reasons they gsve for denial are valid

Re: Help with capital One approval!!! Please!!!

sjt — Mon, 26 Oct 2015 21:02:52 GMT

Welcome to the boards!

Like the other posters mentioned that since you already took a 3 pull hit your should contact EO for a recon. Be prepared to answer questions regarding your credit report, specifically the collections.

I also recommend the following:

Look into a secured card. State Department Federal Credit Union has a great secured card that does not pull credit. They have a great APR and virtually no fees. ou may also want to look into credit unions in your area.
I would stay away from First Premier and Credit One.
Focus on getting rid of your collections. This is the best course of action in the long run.

Good luck and keep us posted.