topic Re: Credit One Denial in Bankruptcy

Credit One Denial

Anonymous — Wed, 10 Jun 2020 20:04:26 GMT

My dc took place the end of January and I'm still trying to get the 3 cards that's been recommended that you have to start rebuiling. I have one unsecured credit card through my credit union and was sent a preapproval offer through Credit One, yet when I went to apply I was denied. The interesting thing is it listed my credit score at a 712. Any suggestions on what I should do next or should I just try to build with the one card that I have?

Re: Credit One Denial

Anonymous — Wed, 10 Jun 2020 20:09:27 GMT

Try Capital one preapproval webpage, I was approved for a platinum card before my discharge.

Re: Credit One Denial

Anonymous — Wed, 10 Jun 2020 20:15:39 GMT

I've tried them. I burned a lot of major credit companies in my bk and they were one of them.

Re: Credit One Denial

Anonymous — Wed, 10 Jun 2020 20:21:35 GMT

Gotcha, I was lucky I burned every prime lender but never had a CapitalOne card. If you keep waiting they should eventually let you back in from what I read.

Re: Credit One Denial

Anonymous — Wed, 10 Jun 2020 21:49:40 GMT

Try first premier as bad as it sounds for unsecured. If you have funds to put toward a secured card, open sky is option along with SDFCU (state department federal credit union). That would give you the 3 cards (for optimal scoring purposes) which would get you going and then check out self. Self, offers a credit rebuilding loan that after 3 payments will give you a credit card to help in your rebuilding efforts. Good luck!

Re: Credit One Denial

Navigator1 — Wed, 10 Jun 2020 22:15:47 GMT

If you can get a Navy fed membership their secured card it the ideal rebuild tool. You can start with as little as $200 and after 6 statements they will graduate your card to $2,000 (That is the amount I have seen from all the secured account holders that have posted on here). I started with $300 last month and I use the card a lot and will wait to see.

Re: Credit One Denial

Anonymous — Fri, 12 Jun 2020 17:32:53 GMT

Unfortunately, Navy Federal was one that I also burned in my BK I still have a 'membership' with them though but I've read that it's hard to get back in with them once they've been burned.

Re: Credit One Denial

Azuieldrago — Sat, 13 Jun 2020 04:22:00 GMT

With Navy, if you repay them what you owed, they have been quite known to lend again. Takes a yr for normal things. Alot of people have gotten the secured card the same day they paid and ensured the system updated first.

Re: Credit One Denial

Anonymous — Sat, 13 Jun 2020 15:59:21 GMT

@Anonymous wrote:
My dc took place the end of January and I'm still trying to get the 3 cards that's been recommended that you have to start rebuiling. I have one unsecured credit card through my credit union and was sent a preapproval offer through Credit One, yet when I went to apply I was denied. The interesting thing is it listed my credit score at a 712. Any suggestions on what I should do next or should I just try to build with the one card that I have?

My first cards out of BK7 were

- Discover secured (which graduated like clockwork 7 statements later with a huge CLI)

- indigo MC which stays a low SL and will not CLI, but helps with AZEO- unsecured

- Blaze MC which started low and did an auto CLI a few months later -unsecured

you could try to prequal for mission lane and Merrick bank. Both unsecured. Merrick recently doubled my CL at 7th statement.

good luck!

Re: Credit One Denial

Anonymous — Sat, 13 Jun 2020 19:24:08 GMT

Sorry to hear about that.

I am curious now too about where Credit One gets their credit score when they attempt to pre-qualify a person. I'm about 45 days from discharge and so obviously not looking for credit or expecting I would be approved for credit but after I read your post I just now tried for a pre-qualify on their website and they not surprisingly denied me but they said my credit score was 637. Meanwhile my FICO8 score that Experian is reporting on Experian's website is 554. So who even knows.... just curious now.

Re: Credit One Denial

FireMedic1 — Sat, 13 Jun 2020 23:45:21 GMT

@Anonymous wrote:
Sorry to hear about that.
I am curious now too about where Credit One gets their credit score when they attempt to pre-qualify a person. I'm about 45 days from discharge and so obviously not looking for credit or expecting I would be approved for credit but after I read your post I just now tried for a pre-qualify on their website and they not surprisingly denied me but they said my credit score was 637. Meanwhile my FICO8 score that Experian is reporting on Experian's website is 554. So who even knows.... just curious now.

Once your DC hits and allaccounts reflect IIB and $0 balance. You will see a score bump. Nothing to get all pumped up about. But it does happen. Then hit up Merrick and so forth. Let us know when and we'll be glad to help.

Re: Credit One Denial

onstar — Fri, 19 Jun 2020 08:29:50 GMT

18 months post DC, I still couldn't get a Credit One card. I already had the Ollo with $3500 and had just been approved to Capital One Plat for $3000.

I burned Capital One in BK for like $30k. Never had Credit One. Weird, right?

Re: Credit One Denial

angelofmusic86 — Mon, 22 Jun 2020 02:08:00 GMT

@onstar wrote:
18 months post DC, I still couldn't get a Credit One card. I already had the Ollo with $3500 and had just been approved to Capital One Plat for $3000.

I burned Capital One in BK for like $30k. Never had Credit One. Weird, right?

That was my ex, he got his CH7 discharged in August 2019 and got two Capital One cards since. I'm hoping that me burning them for only 3k will let me get a Capital One after I'm discharged in August.

Re: Credit One Denial

Anonymous — Tue, 30 Jun 2020 03:49:54 GMT

Did you prequalify for Ollo through a partner site or received a mailer? I guess I'm basically asking how did you apply...