https://ficoforums.myfico.com/t5/Credit-Cards/Can-I-apply-for-a-secured-card-now-or-wait/m-p/6135949#M1745165 <P>I'm 24 now but made bad choices as a teen and had lots of accounts closed, some because of default and others because they saw the defaults and closed my accounts to play it safe. I lost accounts from Citi, Barclays, HSBC, Chase, AMEX, Discover, and Synchrony. &nbsp;I know, it's bad. I lost so many accounts because of anxiety and bad decisions. For what it's worth, I didn't have a balance with AMEX, Discover, or Synchrony — they only closed my accounts because my credit score was tanking from the other accounts. I also had a student loan balance of $2k that I paid off in full, but only after it went to collections.</P><P>&nbsp;</P><P>I still have a Capital One Venture because thank the lord they haven't closed my account for some reason. I have a $6.5K CL that they even increased despite my credit score collapse, and I spend about $800/mo on it and PIF each month. I also work with a firm that I'm using to pay each month and negotiate my debts with the other creditors. They recently got settlements with Citi and Chase so I'm making progress.</P><P>&nbsp;</P><P>My Venture card I rely on as an emergency card in case something happens. But since my credit score has tanked to the 500s I don't feel I can rely on that alone; they could close it at any time. I was thinking maybe I could get a US Bank secured card as a backup. Do you guys think they'd accept me even though I'm still paying off cards that went went to collections and that I negotiated?&nbsp;</P> Tue, 15 Sep 2020 04:56:30 GMT Anonymous 2020-09-15T04:56:30Z https://ficoforums.myfico.com/t5/Credit-Cards/Can-I-apply-for-a-secured-card-now-or-wait/m-p/6135949#M1745165 <P>I'm 24 now but made bad choices as a teen and had lots of accounts closed, some because of default and others because they saw the defaults and closed my accounts to play it safe. I lost accounts from Citi, Barclays, HSBC, Chase, AMEX, Discover, and Synchrony. &nbsp;I know, it's bad. I lost so many accounts because of anxiety and bad decisions. For what it's worth, I didn't have a balance with AMEX, Discover, or Synchrony — they only closed my accounts because my credit score was tanking from the other accounts. I also had a student loan balance of $2k that I paid off in full, but only after it went to collections.</P><P>&nbsp;</P><P>I still have a Capital One Venture because thank the lord they haven't closed my account for some reason. I have a $6.5K CL that they even increased despite my credit score collapse, and I spend about $800/mo on it and PIF each month. I also work with a firm that I'm using to pay each month and negotiate my debts with the other creditors. They recently got settlements with Citi and Chase so I'm making progress.</P><P>&nbsp;</P><P>My Venture card I rely on as an emergency card in case something happens. But since my credit score has tanked to the 500s I don't feel I can rely on that alone; they could close it at any time. I was thinking maybe I could get a US Bank secured card as a backup. Do you guys think they'd accept me even though I'm still paying off cards that went went to collections and that I negotiated?&nbsp;</P> Tue, 15 Sep 2020 04:56:30 GMT https://ficoforums.myfico.com/t5/Credit-Cards/Can-I-apply-for-a-secured-card-now-or-wait/m-p/6135949#M1745165 Anonymous 2020-09-15T04:56:30Z https://ficoforums.myfico.com/t5/Credit-Cards/Can-I-apply-for-a-secured-card-now-or-wait/m-p/6136007#M1745176 <P>If you have a checking with US BANK your chances of approval should be higher but its hard to say with a credit profile having 'baddies. I was approved for the secured card after my 3rd try haha and I've been banking with them since 2012. The first 2 times I applied I had a clean credit profile but after opening 3 accounts/letting them age 6 months I got an credit card offer from US BANK.. Im not looking for more credit so I never went through with the pre-approval.</P><P>&nbsp;</P><P>Maybe try self lender... No hard pull after making on time payments.</P> Tue, 15 Sep 2020 07:22:53 GMT https://ficoforums.myfico.com/t5/Credit-Cards/Can-I-apply-for-a-secured-card-now-or-wait/m-p/6136007#M1745176 Anonymous 2020-09-15T07:22:53Z