topic Re: Capita One and forgivness? in Credit Cards

Capita One and forgivness?

Breakthecycle2 — Sun, 02 Nov 2008 01:38:22 GMT

Is Capital One more willing to give second chances if you have a CO is the past that is paid?

Re: Capita One and forgivness?

Anonymous — Sun, 02 Nov 2008 01:41:05 GMT

I got another Cap1 card after settling the first one approx 7 years prior to apping.

Re: Capita One and forgivness?

Anonymous — Sun, 02 Nov 2008 01:42:58 GMT

I think they do because I had a co in 2003 and they approved me for a blank check for a car a year ago. I didn't use that blank check though as the damb interest rate was out of this world.

Re: Capita One and forgivness?

Breakthecycle2 — Sun, 02 Nov 2008 01:43:03 GMT

May I ask what your scores were and what CR they pulled?

Re: Capita One and forgivness?

Anonymous — Sun, 02 Nov 2008 01:55:02 GMT

Breakthecycle2 wrote:
May I ask what your scores were and what CR they pulled?

If you're asking me, here's a link to the thread where I discussed getting the card in the first place.

Re: Capita One and forgivness?

Breakthecycle2 — Sun, 02 Nov 2008 02:17:11 GMT

Any suggestions as to one I should apply for?

Re: Capita One and forgivness?

Anonymous — Sun, 02 Nov 2008 02:23:04 GMT

i would app for capital one or hsbc

Re: Capita One and forgivness?

Breakthecycle2 — Sun, 02 Nov 2008 02:32:24 GMT

@Anonymous wrote:
i would app for capital one or hsbc

Sorry, I meant which C1 card?

Re: Capita One and forgivness?

Anonymous — Sun, 02 Nov 2008 02:59:57 GMT

They have a card selector that asks you a few questions, or you can try their pre-approval link.

http://www.capitalone.com/creditcards/

Re: Capita One and forgivness?

creditreformer — Sun, 02 Nov 2008 03:07:30 GMT

had 2 unpaid cap1 chargeoffs in the 90s. lived w/o ccs for 7+ yrs. started rebuilding in early 07 w/first premier (now fired) and orchard (to be fired in early 09).

4/08- went to cap 1's preapproval site...preapproval for no hassle rewards came up. decided to app. got it. 300 cl (bah) turned into 1.1k (300 cli @ 3rd stmt; 500 cli b/c of credit steps) in just a few mos.

9/08- went back to cap 1's preapproval site...preapproval for no hassle cash rewards (what i wanted in the 1st place, but was afraid to 'cold app' in 4/08) came up. got it. 300 cl (bah) is now 600 b/c i called the backdoor # after 3 stmts hit. due to credit steps, it will be 1.1k cl (yay) in another mo or 2.

cap 1 keeps sending me 'preapprovals' for their auto loans (which i need), but i've not apped yet.

so yes, cap 1 DOES forgive. however, my chargeoffs were OFF my reports for years before i even bothered apping w/them.

btw, cap 1 pulls ALL 3.

Re: Capita One and forgivness?

Anonymous — Sun, 02 Nov 2008 03:09:31 GMT

scores were horrible, in the 500's and they pulled all 3 which is the reason why I wont apply for one of there cc.. I refuse to use 3 inq for just 1 credit card.

Re: Capita One and forgivness?

Anonymous — Sun, 02 Nov 2008 03:42:36 GMT

i would only try app for a "limited" or "average" card

Re: Capita One and forgivness?

Anonymous — Sun, 02 Nov 2008 05:24:41 GMT

both my parents got capital one cards with unpaid charge offs from capital one on their reports lol. They were about 4 years old at the time.

Re: Capita One and forgivness?

Anonymous — Sun, 02 Nov 2008 12:56:52 GMT

@Anonymous wrote:

If you're asking me, here's a link to the thread where I discussed getting the card in the first place.

WhirledPeasePlease,

Just wondering how things have progressed with your Cap1 card.

Re: Capita One and forgivness?

Anonymous — Sun, 02 Nov 2008 14:23:43 GMT

Changingmantra wrote:
WhirledPeasPlease wrote:

If you're asking me, here's a link to the thread where I discussed getting the card in the first place.
WhirledPeasePlease,

Just wondering how things have progressed with your Cap1 card.

Started at 3k in January.

Called for a CLI on Easter (March?) and went to 3750.

Within two weeks I rec'd the credit steps boost to 4250 where it has sat empty and well, a bit hungry.

I just took advantage of a BT offer for 1.9 w/ a fee capped at $50.

It hasn't had a balance on it since June when the intro rate was near expiration. It is not a rewards card and therefore doesn't get much love, but it's proven itself as an attractive BT option card.

Re: Capita One and forgivness?

GST2008 — Sun, 02 Nov 2008 15:04:45 GMT

Capital One appears to be pretty forgiving as long as you don't mind taking what they give you. It looks like they have cards for all credit profiles, so if you don't mind starting out with a $300.00 limit and an annual fee, go for it, just keeping the worst case scenario in mind. I've also read on here that people with Cap. One cards say that they have caps and don't grow, so in order to get past a certain step, you have to re-apply with another hard pull (i.e., start at 300 build it to 2k and then are stuck there, unless you re-apply for a diff. card that will let you grow till 3k, then re-apply, etc.).

Re: Capita One and forgivness?

Breakthecycle2 — Sun, 02 Nov 2008 19:45:55 GMT

Should I go for it with my scores?

Re: Capita One and forgivness?

Anonymous — Sun, 02 Nov 2008 20:22:04 GMT

DH has a CO from Cap 1 on his reports that won't come off until May. They have sent him numerous pre-approval letter's and he got one with no AF and a decent rate. He responded to the offer and was instantly approved. Limit was $300. (I didn't think they would approve him since the CO is not paid-so I was amazed)

His score's were at 600 EX, 590 EQ 625 TU when he applied.

If you don't mind the hard pulls on all 3, then try it.

Message Edited by stef37 on 11-02-2008 12:22 PM

Re: Capita One and forgivness?

Anonymous — Mon, 03 Nov 2008 03:16:51 GMT

i would apply if a open account or two for 6+ months

Re: Capita One and forgivness?

Breakthecycle2 — Mon, 03 Nov 2008 03:29:00 GMT

What??