topic Re: 2nd card after lackluster year with Wells Fargo Secured in Credit Cards

Personal 1st app spree *Updated 8/22

Anonymous — Wed, 22 Aug 2012 22:35:00 GMT

Alright so I'm currently a full time older college student, and I only work temp sometimes.

It's been difficult with credit as my identity was used by a parent and left in shambles. It has take a long time to wait for things to fall off and companies yearly refusing to give my credit report.

First CC ever now 1 year old $600 WF secured.

Transunion has my oldest reports, some paid in full SECU loans from long ago, no negatives, 3 Sallie loans, and WF Reporting. (645) 1HP

Equifax is the second longest at 4 years, has one paid in full utility nearing 2 years, 1 open $70 utility 1 year old (never sent bill, still butting heads with company), 3 Sallie loans, and WF Reporting. (630) 1HP

Experian opened 1 year ago after years of fighting and a freeze, and a complete deletion of my exsistence. 3 Sallie loans, WF Reporting. (710) 0HP

Now I know I need to close the collection first, and WF reporting all ontime payments (waiting for mid cycle high balance to update by credit bureaus), so after it updates do I just grab 1-3 more secure cards, or should I take the risk of unsecured student cards like Journey, or Citi?

Any thoughts would be appreciated, its been a long uphill walk.

Approved Discover More Student 1.5k (TU pull, -14/NC)

Cap One (Don't think I did right one for student, 7-10 day app process)

About to go for Citi Foward Student

Then experience Gardening >_>

Re: 2nd card after lackluster year with Wells Fargo Secured

LS2982 — Mon, 23 Jul 2012 23:53:47 GMT

I would try Cap1 unsecured. You'll take 1 HP for all 3 bureaus but you'll gain good history to offset baddies over the next year.

Re: 2nd card after lackluster year with Wells Fargo Secured

Anonymous — Tue, 24 Jul 2012 00:35:38 GMT

@LS2982 wrote:
I would try Cap1 unsecured. You'll take 1 HP for all 3 bureaus but you'll gain good history to offset baddies over the next year.

Yeah the pre-qualified offers the Cap1 Platinum and Cap1 cash, I just hate the high APRs.

Re: 2nd card after lackluster year with Wells Fargo Secured

Anonymous — Tue, 24 Jul 2012 02:22:31 GMT

My dad had an Orchard Bank credit card with $300CL unsecured when noone else would give him credit, the fee was $75 I think.

He stayed with it for 2 years and then closed it. Enough time for him to build credit and make BoA approve him for an unsecure card.

I don´t know about lower APR cards but I would suggest maybe a HSBC or Cap1 if you can take the HPs.

Re: 2nd card after lackluster year with Wells Fargo Secured

Anonymous — Tue, 24 Jul 2012 04:05:52 GMT

@Anonymous wrote:
My dad had an Orchard Bank credit card with $300CL unsecured when noone else would give him credit, the fee was $75 I think.
He stayed with it for 2 years and then closed it. Enough time for him to build credit and make BoA approve him for an unsecure card.

I don´t know about lower APR cards but I would suggest maybe a HSBC or Cap1 if you can take the HPs.

wow, I was flored when I got to the $75 dollar fee part. Tell your dad I send my sympathes. I have a hard time swallowing WFs $18.

Re: 2nd card after lackluster year with Wells Fargo Secured

Anonymous — Tue, 24 Jul 2012 05:02:32 GMT

I know right lol. anyways good luck with what you choose and I hope you get approved

Re: 2nd card after lackluster year with Wells Fargo Secured

Anonymous — Tue, 31 Jul 2012 15:47:48 GMT

Thank you for submitting an application for a Capital One® credit card!

Notification of approval status will be typically sent in 7 to 10 business days; however, in certain circumstances it may take up to 15 days.

.... Of course, da** you wells fargo for being useless.

Re: 2nd card after lackluster year with Wells Fargo Secured

Anonymous — Tue, 31 Jul 2012 16:03:07 GMT

When I came into the country, I had NO credit report what so ever. I tried telling creditors that my parent's reports were flawless (which it was) but that didn't do.

So I app'd for Cap1, got rejected. App'd for Citi, got rejected. So I went with a WF secured card. They are horrible. So after two months, I applied for Cap1 Student Card and they approved. They'll automatically give you a CLI later on if you are approved for their increase program.

I know a lot of people hate on Cap1 but for rebuilders/builders, they aren't bad at all. Try the student cards since you are student!

Re: 2nd card after lackluster year with Wells Fargo Secured

Anonymous — Wed, 01 Aug 2012 15:21:44 GMT

@Anonymous wrote:
I know a lot of people hate on Cap1 but for re-builders/builders, they aren't bad at all. Try the student cards since you are student!

He he, I was way ahead of that idea, I gave up "the chase" and went and Discovered More Student Card'... yeah i know terrible puns. "1500.00," approval after picking my jaw up from actually getting approved after a 3 minutes call. After a long year it is about time. Thanks for the help guys/gals!

Re: 2nd card after lackluster year with Wells Fargo Secured

Anonymous — Wed, 01 Aug 2012 16:59:31 GMT

Also I was nervous after the denial app'ing more, but I went with student anyway and got approved. Cap1 has yet to inquire CR and I only lost 14 points on the app from 687CK score. Should I go for a third card, student, before I get denied by Cap1?

Re: 2nd card after lackluster year with Wells Fargo Secured

Anonymous — Wed, 01 Aug 2012 22:58:02 GMT

Another update. I know I shouldn't have perhaps, but I'm impatient (biological >_>)... I noticed Discover only hit TU, and Citi has few TU inquiries reported; especially in NC. I app'd and got the application requires further review. Could be for any reason but it's probably address and school verification, I hope. Even though I updated the address manually myself to all three bureaus, even discover wanted proof.

I wish they would take a lesson from Discover and allow the information to be uploaded during the application process. I'm updating incase anyone comes looking for answers to their tough situation as a student cause it has been a long battle.

Either way I got the Discover 1.5k. That is more then enough to garden with the WF secured. I'd rather qualify for a home in a year but I'm not too much in a rush to not wait 2 years (insert Super Tramp- Take the Long Way Home).

If anyone responds, Can I cancel the Cap one inquiry since they're slow-Mo to avoid the HP on all three bureaus?

Heading to the myfico garden, and get that free trowel and and watering can.

Citi Forward Student- Application Under Review 7 to 10 days, called but got "You will def. be contacted within 7-10 days," I shouldn't have said just calling to see if I can send in student information and address verification.... it is the electronic age Citi... Will post update on 2 pending cards. I'm done app'ing.

Re: 2nd card after lackluster year with Wells Fargo Secured

Anonymous — Fri, 03 Aug 2012 02:56:52 GMT

Ouch denied.

 Why we're writing you
 Thank you for applying for the Citi Forward(R) Visa(R)
 account.  Unfortunately, we are unable to approve your request
 for the account at this time because of the following:

 o   A delinquent credit obligation(s), either paid
 or unpaid, was recorded on your credit bureau report.

 Here's what you should know
 Our credit decision was based, in whole or in part, on
 information obtained in a report from the following consumer
 reporting agency:

 Equifax Credit Information Service
 P.O. Box 740241
 Atlanta, GA  30374-0241
 1-800-685-1111

I feared that would happen. Stupid Utility company. I saw on whogavemecredit that most pulls from my area recently were coming from EX. Oh well maybe in 6 more years Citi.

Re: 2nd card after lackluster year with Wells Fargo Secured

jamie123 — Fri, 03 Aug 2012 03:29:35 GMT

You should try apping for a Walmart card now. With your scores you have a very good chance of approval. The CL might be small but SO WHAT! You are just starting out, you need to build some history and not worry about CL at this time. You need at least 3 cards reporting to maximize your scores. Good luck!

Re: 2nd card after lackluster year with Wells Fargo Secured

Anonymous — Fri, 03 Aug 2012 04:22:57 GMT

I was aiming for +2 more, but I've seen lots of denials for Walmart. I would love the Fico report though. It all comes down to will they pull my dreaded EQ report with 1 paid Utility 2 years old because it was several hundred, and the one $71 I refuse to pay till the budge on pfd because I never got the bill, and was a week after my severe accident and left balance after closing account.

I will go look for the requirements though, and who they pulled from within people of my state. Thanks

Re: 2nd card after lackluster year with Wells Fargo Secured

Anonymous — Fri, 03 Aug 2012 14:34:24 GMT

I lied, I can't bring myself to app. I didnt' find anything useful on whogavemecredit as NC folks don't exactly understand how to feel out the form when angry. Plus I'm a student so that doesn't help. I'd consider a EQ icing but I'll just wait 6 monts and put my 1st unsecured into a picture padlocked frame and use it once in 3 months

Re: 2nd card after lackluster year with Wells Fargo Secured

jamie123 — Fri, 03 Aug 2012 20:29:09 GMT

C'mon....Go for the Walmart card!
You were approved for Discover. Discover and Walmart work closely together. I do beleive that Walmart pulls TU.

And hey...You will get a free TU score every month!

All they can say is no! Don't fear rejection, embrace it! Time to man up! Go for it!

Good luck!

Re: 2nd card after lackluster year with Wells Fargo Secured

Anonymous — Sat, 04 Aug 2012 04:12:52 GMT

The walmart discover or walmart cc, I haven't seen much info about student other then on myfico. I did see they pull TU and EX. It will be the third HP... so Chase will not like it lol.

Re: 2nd card after lackluster year with Wells Fargo Secured

Anonymous — Sat, 04 Aug 2012 05:37:13 GMT

HAHAHAhahahahah....

My first instant approval. For $150.00 limit. Boy oh Boy, I think I will leave that one in the envelope and open it in 4 months. But yay to the free Fico report.

@jamie123 wrote:
C'mon....Go for the Walmart card!
You were approved for Discover. Discover and Walmart work closely together. I do beleive that Walmart pulls TU.

And hey...You will get a free TU score every month!

All they can say is no! Don't fear rejection, embrace it! Time to man up! Go for it!

Good luck!

Re: 2nd card after lackluster year with Wells Fargo Secured

jamie123 — Sat, 04 Aug 2012 07:51:26 GMT

Hurray!!!! (The crowd ROARS and comes to their feet to give Cranski a standing ovation as he enters the Olympic stadium!!!)

Congrats!!!

Job well done!!!

(Much back slapping and handshaking with a few high fives to go around!!!)

Nice wallet now! WF, Discover and Walmart!

Now make sure you do this:

Activate the Walmart, use it every month and make sure you PIF a few days BEFORE the due date. They might give you an auto CLI after 4 months. Walmart is generous with CLIs. Same goes for the Discover.

Call Cap1 on Monday during business hours to do a recon. You still have a good chance to get this card. Follow up! Don't have these be wasted HPs.

If you just received a letter from Citi and didn't talk to a real person, call them on Monday during business hours for a recon. All they can say is no! Just explain the utility bill to them just like you did here. Don't worry they won't bite!

Don't quit now! Keep the faith!

You still have one more GOLD MEDAL event!

Good luck!

Re: 2nd card after lackluster year with Wells Fargo Secured

Anonymous — Sat, 04 Aug 2012 08:06:53 GMT

Lol what enthusiasm, greatly appreciated.

I've not heard from Chase at all but I would assume since they pull 3 bureau reports the baddie will hurt my application. I'll wait till I hear back from them.

Citi I've dug through various information sources and seen no positives on using the backdoor, so I chose an alterior motive. Ive actually contacted the original utility and explained the situation but not pushed as I requested the original bill so if its owed I can pay, when I contact them back I will escelate the call back to the supervisor to request the removal of the derogetory remark. If that doesn't work I will solicit the vp board, nc utility commision, and BBB. Also the inhouse CRA is right down the street so I've considered going in person. I'm still pondering it. I have a little bit of time to respond to Citi I believe. At the least the CRA offered PIF so I could follow that route and do an online dispute to get it remedied faster.

I'm just happy for the first time ever I was approved instantly even if only for 150.00. I will utilize it for gas and I always pif, I don't like to play the UTI game. Perhaps in a few months Wells fargo will graduate as I've heard it's october.

Other then that I'm going to the *garden* for a while. I don't see myself buying a house till I finish my juris doctorate. By the time I finish I'll have a good chance and getting a great refinance offer for student loans and pay them down faster than possible, if not earlier. I'm building up for the Sallie mae rewards card since all loans are with them atm. I also believe there are several other CC that not only reward loan repayment cash but cash for making loan repayments.

As far as I'm concerned that is my main goal then I can worry about a home and *near new used cars.

Thanks to these forums especially for where, why, and how, to get to where I'm going from where I was.

Cheers.