topic Re: Turned down for Secured CC in Credit Cards

Turned down for Secured CC

anca21bi — Sat, 02 Aug 2008 17:11:24 GMT

I applied for a secured CC with $300 opening deposit and I was turned down! I thought you couldn't get turned down with a secured CC application, whats going on?

Re: Turned down for Secured CC

Anonymous — Sat, 02 Aug 2008 17:17:22 GMT

Turned down for a 300 dollar secured card? What did they think you were going to do - run away to Mexico on that? Sheesh!

Re: Turned down for Secured CC

Anonymous — Sat, 02 Aug 2008 18:27:04 GMT

MsQueenB wrote:
Turned down for a 300 dollar secured card? What did they think you were going to do - run away to Mexico on that? Sheesh!

Right what card was it for?

Re: Turned down for Secured CC

App_Addict — Sat, 02 Aug 2008 22:27:40 GMT

BOA did the same thing to me and I have a checking account with them!! Waiting on the letter to see what the problem is.

Re: Turned down for Secured CC

Anonymous — Sat, 02 Aug 2008 22:46:57 GMT

robertkinder wrote:
BOA did the same thing to me and I have a checking account with them!! Waiting on the letter to see what the problem is.

Make sure u let us know the reason after you get your letter.

Re: Turned down for Secured CC

preci0uz — Sat, 02 Aug 2008 23:08:52 GMT

In my opinion Orchard is very easy to get.

Might want to try that one.

Re: Turned down for Secured CC

anca21bi — Sat, 02 Aug 2008 23:30:25 GMT

It was with Wells Fargo and I have a checking account with them too! It's messed up.

Re: Turned down for Secured CC

Tons_of_Debt — Sat, 02 Aug 2008 23:58:56 GMT

I just recently applied for a BofA $300 secured. With a savings of over 3k, I wouldn't think they would turn me down, but I haven't heard anything yet and I applied yesterday. :-(

Re: Turned down for Secured CC

CreditDrama85 — Sun, 03 Aug 2008 01:26:58 GMT

what was the reason they denied you? BK? i got the WF secured card with a 505fico. im anxiously awaiting to see if they upgrade my account to platinum and refund my deposit as promised.

Re: Turned down for Secured CC

anca21bi — Sun, 03 Aug 2008 01:32:16 GMT

I considered BK, but decided to work through all my 23 collection accounts myself. My fico scores are Eq-476-which just went up yesterday 21 points, Tu-554, Ex-529, I don't know why but once I get my letter in the mail I'm goint to contact them.

Re: Turned down for Secured CC

jbh — Sun, 03 Aug 2008 01:36:01 GMT

I was there. Orchard is the best and then there is (gulp) First Premier.

The latter is a pain with all the fees BUT you'd have 2 positive trade lines and if you use them just to keep them active and only use 10%, your score will go up sooner. I cost myself a LOT of points earlier on by using 90+% earlier on. Now I am paying them down and look forward to the boost.

Try Orchard first and see what happens. I know that I was in a mess of a position and they took me. Thanks to them I am building good credit (slowly but surely).

Re: Turned down for Secured CC

Anonymous — Sun, 03 Aug 2008 01:41:53 GMT

anca21bi wrote:
I considered BK, but decided to work through all my 23 collection accounts myself. My fico scores are Eq-476-which just went up yesterday 21 points, Tu-554, Ex-529, I don't know why but once I get my letter in the mail I'm goint to contact them.

If you have 21 collection i'm thinking that's the reason why they wont approve you.

Re: Turned down for Secured CC

llecs — Sun, 03 Aug 2008 01:45:39 GMT

When I started repair, I too appd for a secured card (BofA). Also turned down with scores in upper 500s.

Re: Turned down for Secured CC

jmbfl — Sun, 03 Aug 2008 05:06:42 GMT

You worked them through or are working them through?

Re: Turned down for Secured CC

anca21bi — Sun, 03 Aug 2008 18:50:29 GMT

I have already paid off 4 collections account in July and will pay off another in August; with possbility of another. I will continue to pay off at least 2 negatives a month. On top of that sending out GW and PDF-this site is my only answer and help to give me the motivation.

I had a unsecured orchard bank cc that went into collections after I had my baby, so I don't think I can go secured with them.

Re: Turned down for Secured CC

Anonymous — Sun, 03 Aug 2008 19:17:49 GMT

anca21bi wrote:
I have already paid off 4 collections account in July and will pay off another in August; with possbility of another. I will continue to pay off at least 2 negatives a month. On top of that sending out GW and PDF-this site is my only answer and help to give me the motivation.
I had a unsecured orchard bank cc that went into collections after I had my baby, so I don't think I can go secured with them.

Well keep paying it can only get better good luck on your credit success. Maybe after you pay some stuff down your can try to apply again with BOFA.

Re: Turned down for Secured CC

preci0uz — Sun, 03 Aug 2008 20:50:04 GMT

do you have any accounts with BOFA?

Maybe having a savings account?

Re: Turned down for Secured CC

Anonymous — Sun, 03 Aug 2008 20:54:44 GMT

preci0uz wrote:
do you have any accounts with BOFA?

Maybe having a savings account?

In some cases that don't really work i opened up a Wamu account thinking i would have a better chance at getting a CC they denied me with the quickness so most likely that will not help.

Re: Turned down for Secured CC

jmbfl — Sun, 03 Aug 2008 21:05:14 GMT

anca21bi wrote:
I have already paid off 4 collections account in July and will pay off another in August; with possbility of another. I will continue to pay off at least 2 negatives a month. On top of that sending out GW and PDF-this site is my only answer and help to give me the motivation.
I had a unsecured orchard bank cc that went into collections after I had my baby, so I don't think I can go secured with them.

I think you need to wait until your picture improves before applying for more credit (secured or otherwise). The longer you can hold off the better you will do

Re: Turned down for Secured CC

Anonymous — Sun, 03 Aug 2008 21:07:30 GMT

jmbfl wrote:

anca21bi wrote:
I have already paid off 4 collections account in July and will pay off another in August; with possbility of another. I will continue to pay off at least 2 negatives a month. On top of that sending out GW and PDF-this site is my only answer and help to give me the motivation.
I had a unsecured orchard bank cc that went into collections after I had my baby, so I don't think I can go secured with them.

I think you need to wait until your picture improves before applying for more credit (secured or otherwise). The longer you can hold off the better you will do

I agree.