topic Re: For other rebuilders...shocking Cap1 approval. in Credit Cards

For other rebuilders...shocking Cap1 approval.

Anonymous — Thu, 28 Jul 2011 23:08:00 GMT

I have a rebuilder post in the Rebuilding Forum but thought I'd share a recent approval. My current scores are TU 584 and EQ 545 (from this site). I have recent charge off's and collections (last year). I wanted to find out my EX score and saw that Cap1 pulls Ex on another post. With creditors who deny credit supposedly giving out scores now, I app'd thinking for sure I'd be declined. I was approved for their Cash Rewards card and a $500 limit. So, I still don't know what my EX score is.

Guess you shouldn't always assume you'll be declined.

Re: For other rebuilders...shocking Cap1 approval.

Anonymous — Thu, 28 Jul 2011 23:18:09 GMT

No you shouldn't. Kind of a nice backfire in your favor though!

Re: For other rebuilders...shocking Cap1 approval.

LS2982 — Fri, 29 Jul 2011 01:16:23 GMT

@Anonymous wrote:
I have a rebuilder post in the Rebuilding Forum but thought I'd share a recent approval. My current scores are TU 584 and EQ 545 (from this site). I have recent charge off's and collections (last year). I wanted to find out my EX score and saw that Cap1 pulls Ex on another post. With creditors who deny credit supposedly giving out scores now, I app'd thinking for sure I'd be declined. I was approved for their Cash Rewards card and a $500 limit. So, I still don't know what my EX score is.

Guess you shouldn't always assume you'll be declined.

That approval cost you 3 INQ's as Cap1 pulls all 3 CR's. Congrats!

Re: For other rebuilders...shocking Cap1 approval.

Anonymous — Fri, 29 Jul 2011 01:22:33 GMT

Not a big deal unless your hard inquiry happy. Just lay low for the next few months and don't apply for anything else.

Re: For other rebuilders...shocking Cap1 approval.

MagicShot — Fri, 29 Jul 2011 03:26:10 GMT

@Anonymous wrote:
Not a big deal unless your hard inquiry happy. Just lay low for the next few months and don't apply for anything else.

I wonder if there is a record for how many inq's one has within 2 years? lol I think my top is like 35 maybe 40 within 2 years.

Re: For other rebuilders...shocking Cap1 approval.

Anonymous — Fri, 29 Jul 2011 03:27:51 GMT

Why did you have so much?

40 hard pulls? I hope thats not for applying for too many credit cards...and here I thought my 6 inquiries is too much.

Re: For other rebuilders...shocking Cap1 approval.

MagicShot — Fri, 29 Jul 2011 03:41:39 GMT

@Anonymous wrote:
Why did you have so much?

40 hard pulls? I hope thats not for applying for too many credit cards...and here I thought my 6 inquiries is too much.

Prolly at least 10 maybe 15 were for my refinance last year to a lower interest rate. 5 were for utility changes such as phone, internet ect. rest were CC or CLI requests.

Re: For other rebuilders...shocking Cap1 approval.

clocktick — Fri, 29 Jul 2011 15:02:34 GMT

Congrats on the new card! They really helped me out and I'll always carry one of their cards because of the no foreign transaction fees.

Re: For other rebuilders...shocking Cap1 approval.

Anonymous — Fri, 29 Jul 2011 05:01:14 GMT

Congrats but thats lot of inquiries, wait for some time and let your account age

Re: For other rebuilders...shocking Cap1 approval.

Anonymous — Fri, 29 Jul 2011 05:38:26 GMT

I may be wrong, but isn't the OP still entitled to recieve a free score from Cap 1? I thought I read somewhere that you can request the score to explain why you recieved the credit limit you did (argument being that you were denied a high credit limit, so want to know the score that caused this denial).

Re: For other rebuilders...shocking Cap1 approval.

Anonymous — Fri, 29 Jul 2011 11:10:43 GMT

OP will still get their score in the mail. No need to ask. It's the law now.

Re: For other rebuilders...shocking Cap1 approval.

Anonymous — Fri, 29 Jul 2011 14:55:54 GMT

Not one but three credit scores

Re: For other rebuilders...shocking Cap1 approval.

Anonymous — Fri, 29 Jul 2011 21:08:55 GMT

@LS2982 wrote:
@Anonymous wrote:
I have a rebuilder post in the Rebuilding Forum but thought I'd share a recent approval. My current scores are TU 584 and EQ 545 (from this site). I have recent charge off's and collections (last year). I wanted to find out my EX score and saw that Cap1 pulls Ex on another post. With creditors who deny credit supposedly giving out scores now, I app'd thinking for sure I'd be declined. I was approved for their Cash Rewards card and a $500 limit. So, I still don't know what my EX score is.

Guess you shouldn't always assume you'll be declined.

That approval cost you 3 INQ's as Cap1 pulls all 3 CR's. Congrats!

Since I was deployed for the last year and half and I have some inquiries to burn. So it cost 1 Inq on each report.

Re: For other rebuilders...shocking Cap1 approval.

Anonymous — Fri, 29 Jul 2011 21:13:25 GMT

@Anonymous wrote:
Not one but three credit scores

They won't send all three. I'm not sure how they pick, but they had just started secind scores when I got accepted at the end of May. They sent me my EQ score. I dunno if they pick the middle score, highest, or what. But they'll only send 1.

Re: For other rebuilders...shocking Cap1 approval.

trumpet-205 — Fri, 29 Jul 2011 21:46:47 GMT

Technically there should be 4 scores. Remember Capital One also pulls Innovis, 4th CB in US.