topic Re: Should I try CapOne again? in Credit Cards

Should I try CapOne again?

valley_man0505 — Thu, 25 Feb 2010 17:53:31 GMT

I just recently had a CapOne CC that was CO'd reach the CRTP and the SOL (phew). I am into my rebuilding phase and would be interested in CapOne's Credit Steps program. However, do I dare even try to apply for a new card with them? I have heard horror stories that people have opened a new card with them while having a delinquent debt with them on another card and having them immediately add the delinquent balance to the new card. Is this really something they do?

Re: Should I try CapOne again?

Anonymous — Thu, 25 Feb 2010 18:45:42 GMT

I have not heard of that but I would not apply for a card if you do not get an offer through pre-qual on there website and then even then you can still be denied.

Re: Should I try CapOne again?

BungalowMo — Thu, 25 Feb 2010 19:01:12 GMT

While your situation may be different, I have a paid CO with them & have pretty nice scores these days & they gave me a big, fat NO. No hard inq tho, just a denial letter stating past acct as reason.

I shopped elsewhere. There's lots of fish in the sea, even for those with less than stellar reports. I'd go elsewhere.

What do your reports & FICO's look like these days??

Re: Should I try CapOne again?

valley_man0505 — Thu, 25 Feb 2010 19:22:10 GMT

My scores are 589 (TU) and 633 (EQ). I have two medical collections on each report that are from my ex-wife, and they are costing me about 30 points as best I can estimate. I am also being hurt by new accounts--I bought a house and a car in the past year. I also took a personal loan about 6 months ago for a PFD that I negotiated with a CA for a bunch of other med debts from my ex-wife (I thought that was all of them, but 2 more popped up from a different CA after I paid the first batch).

Re: Should I try CapOne again?

laz98 — Thu, 25 Feb 2010 21:00:50 GMT

you might want to wait til all of those accounts are over one year.

Re: Should I try CapOne again?

Anonymous — Thu, 25 Feb 2010 22:19:57 GMT

There's SO many other companies that will work with you. And most of them won't pull your credit on all 3 CRA's.

Re: Should I try CapOne again?

Anonymous — Tue, 02 Mar 2010 20:28:41 GMT

I had a charged off collections with them years ago. I am into rebuildling now and got approved with ~635 scores through them again. Seemed odd that they approved me seeing as I screwed up once before but it happened. Granted it was a long time ago, around 2003-2004 iirc, they do give 2nd chances it would seem.

Orchard was my first rebuilder when my scores were 590ish after I paid everything off. A few good payments on that and I shot up to the 600s and got approved for capone.

Re: Should I try CapOne again?

Anonymous — Wed, 03 Mar 2010 15:52:33 GMT

I can't even remember if I had a c/o with them or not but they recently sent me a pre-qualify letter in the mail so I apped online. I got a letter from them a few days ago asking to send something to them to verify my address and ssn. So maybe that is a yes. We'll see.

Re: Should I try CapOne again?

MrChairman — Wed, 03 Mar 2010 21:51:38 GMT

I had a CO account with CAP 1 back in 06. Paid it in 07. I applied for a card with them in Dec. 08 with no pre qual and got approved through their credit steps program. I am up to 1500 CL with them. NO lates or baddies at all with this account. I tried to apply for a different card about 3 weeks ago and was denied, reason being because of the previous CO account I had. Pretty strange but OK. After all, it is Cap 1 here. Since then I have been approved for both a Discover More and Chase Freedom so I'm not sweating them one bit. After these accounts are a couple yrs old, unless they give me a BIG CLI I will have to give them the boot!