topic VENT POST! in Credit Cards

VENT POST!

Anonymous — Thu, 09 Feb 2012 22:50:46 GMT

I get more pissed by the day. I applied for a secured cc from Orchard Bank back in December 2011. I have STILL to recieve it in the mail! I planned to have this card reporting as I have no cc's on file, no loans showing other than my student loan and I need a mix of credit. Figured it would be showing in time for when I was ready to go for a car loan. That would have been three TL's in good standing and I suspect it would have helped my score tremendously!

Fast forward to present day. I still have no card. I am ready to start looking for a car and now I think Im gonna be stuck with a suck butt APR because my score is so lame. Whenever I call I am told, give it another week...this is WEEK 10 dude, how many weeks does it take OB??!

UGH!

Re: VENT POST!

pipeguy — Thu, 09 Feb 2012 23:56:51 GMT

Have you called them? Have they cashed your check yet?

Re: VENT POST!

Booner72 — Fri, 10 Feb 2012 00:49:28 GMT

I think my walmart card reported before I even got the card....if that helps any.....

Re: VENT POST!

Anonymous — Fri, 10 Feb 2012 03:01:08 GMT

Ive called them every week. Sometimes MULTIPLE times a week, no they havent cashed the check. But Ive checked my report, no CC's are showing (insert VERY sad face)

Re: VENT POST!

JusdoNit — Fri, 10 Feb 2012 03:46:58 GMT

can u call them and cancel the check and go with someone else? a credit union maybe

Re: VENT POST!

Anonymous — Fri, 10 Feb 2012 03:50:42 GMT

That would be my suggestion. If this is how they begin the relationship with you, imagine ow it will be once you receive the card. Get a refund and try someone else!

Re: VENT POST!

bichonmom — Fri, 10 Feb 2012 05:25:02 GMT

I agree with other posts. Do you really need to start with Orchard? It doesn't take 10 weeks to send a cc. 10 days, maybe.

Do you have any baddies on your CR? If not, I'd try for a GECard, like Walmart. GE gave me my first rebuilder cc, with only one year of an installment loan on my CR. Also, like others have said, talk with your local CUs. Orchard would be a last resort to me.

Re: VENT POST!

Anonymous — Fri, 10 Feb 2012 06:09:44 GMT

@Anonymous wrote:
I get more pissed by the day. I applied for a secured cc from Orchard Bank back in December 2011. I have STILL to recieve it in the mail! I planned to have this card reporting as I have no cc's on file, no loans showing other than my student loan and I need a mix of credit. Figured it would be showing in time for when I was ready to go for a car loan. That would have been three TL's in good standing and I suspect it would have helped my score tremendously!

Fast forward to present day. I still have no card. I am ready to start looking for a car and now I think Im gonna be stuck with a suck butt APR because my score is so lame. Whenever I call I am told, give it another week...this is WEEK 10 dude, how many weeks does it take OB??!

UGH!

I will make this simple for you...Forget Orchard and join a local credit union. Get to know the loan officer and they will help you out. It will be the best thing you do from here on.

Re: VENT POST!

Creditaddict — Fri, 10 Feb 2012 06:19:04 GMT

You need to call and cancel, if they have not cashed check, you need to cancel it with your bank.

okay 1. So you have no credit cards but you do have credit and a credit score? what is it and who do you have credit with?

2. Did you do the pre-qual for HSBC and they told you secured was all you could apply for with them?

Have you tried Pre-Qual site for Credit One?

Re: VENT POST!

Anonymous — Fri, 10 Feb 2012 06:31:11 GMT

For whatever reason, I still don't understand it myself, secured credit cards take longer to set up -- that was my experience anyway. We applied for 3 secured cards in September of last year, but, we did not have them all in our possession, and the accounts reporting, until the day before Thanksgiving. Capital One arrived the fastest, then USAA Bank, then US Bank -- but, none were speedy.

The ONLY thing I've seen speedy in dealing with credit is the reporting of the inquiries. Hopefully, by the end of this year, when we are able to apply for real credit cards, the process won't be so slow.

Re: VENT POST!

jeffery581 — Fri, 10 Feb 2012 14:42:56 GMT

I agree with others/ cancel the card and look for someone else who wants your business/ is more capable.Try a local credit union for secure card.

Re: VENT POST!

Anonymous — Fri, 10 Feb 2012 14:52:59 GMT

It took Orchard 4 months to get me my secured card - I had just moved to the US so absolutley no history here whatsoever. Yes they take forever, yes their customer service is terrible, but at the end of the day, this is a rebuilder card and despite the issues it does work well for that purpose. I used mine for 2 months, then got a cap one unsecured with a $300 limit and from then on, by maintaining low util have managed to get better and better offers. My Orchard Bank card is now 2 years old and sock drawered. It's my oldest account, so I eat the AF for now, prob for a couple more years - it's a small price to pay for owning your own home, getting approved for a lease etc etc. Stay the course and you'll be better off in the long run.