topic Re: Cannot get credit card in Credit Cards

Cannot get credit card

Anonymous — Mon, 18 Feb 2008 18:29:57 GMT

Very strange to see on here that all these people are getting credit cards with recent BK and judgements and charge offs and I cannot get a 1.00 credit card to save my life. Is everybody just blowing smoke on here.

677, 661.678 and perfect record since Feb 2004 never any 90's past due, Low credit card usage on 1 card, mortgage payments on time and cannot get a card. I think it's kinda strange.

Re: Cannot get credit card

haulingthescoreup — Mon, 18 Feb 2008 18:52:45 GMT

What reason do they give when they finally mail you the letters of explanation? And how many inqs do you have on each report?

Re: Cannot get credit card

fishbjc — Mon, 18 Feb 2008 19:17:36 GMT

Who have you app'd? My scores are lower than yours.

New Credit:

Kays 1.5k

Cap 1 2,

Hooters 1k

Target 300

Macy's 100, upped to 600

CJ 1.5k

Re: Cannot get credit card

Anonymous — Mon, 18 Feb 2008 23:08:39 GMT

zman wrote:

Very strange to see on here that all these people are getting credit cards with recent BK and judgements and charge offs and I cannot get a 1.00 credit card to save my life. Is everybody just blowing smoke on here.

677, 661.678 and perfect record since Feb 2004 never any 90's past due, Low credit card usage on 1 card, mortgage payments on time and cannot get a card. I think it's kinda strange.

With those scores you should have the majority of the banks welcoming you to their accounts. Try the ones everyone here has. Hooters and Delta Amex Skylimes if you defualted on Amex go for Oasis. I sometimes do feel that people here like to put " EXTRA CREAM ON THE TACOS". i remmeber when I had bad credit I never got anything and was going to jum on one of those sub primes terrible rates offers. Old on do that hang in there and one will come.

Re: Cannot get credit card

Anonymous — Mon, 18 Feb 2008 23:09:33 GMT

CHECK OUT WHOGAVEMECREDIT.COM

Re: Cannot get credit card

Anonymous — Mon, 18 Feb 2008 23:14:12 GMT

AWLEGZ wrote:
CHECK OUT WHOGAVEMECREDIT.COM

That thing is not accurate it only reads scores. There is so many other factors involved use it as a refernce but not as a bible.

Re: Cannot get credit card

Anonymous — Tue, 19 Feb 2008 02:09:22 GMT

Your average is exactly the same as mine. Have you tried Hooters are are you shooting to high?

Re: Cannot get credit card

Anonymous — Tue, 19 Feb 2008 09:06:57 GMT

Maybe optIN for cc offers https://www.optoutprescreen.com/opt_form.cgi

Re: Cannot get credit card

llecs — Tue, 19 Feb 2008 10:38:01 GMT

Zman, do you have any cards currently? With a lack of CC history, your chances of getting approved by anyone are slim. If no history, have you tried a secured cc?

And do you have any recent (1yr or less) baddies?

Message Edited by llecs on 02-19-2008 05:38 AM

Re: Cannot get credit card

Anonymous — Tue, 19 Feb 2008 20:45:50 GMT

llecs wrote:
Zman, do you have any cards currently? With a lack of CC history, your chances of getting approved by anyone are slim. If no history, have you tried a secured cc?

And do you have any recent (1yr or less) baddies?

Message Edited by llecs on 02-19-2008 05:38 AM

Thanks for responses nice people.

I have one credit card and not major (Circuit city) 630.00 limit 5.00 balance NO baddies for the past 3 years since Feb 2005.

PERFECT everything, Mortgage, car, NO derogs period for the past 3 years and NO Inquiries for over one (1) year.

Have not tried my credit union yet. I talked to them but they said they report their secured as "secured"

BUT I thought that Secured cards are NO good for building credit. Maybe after I make my 5,000.00 deposit they will look at me differently.

Re: Cannot get credit card

Anonymous — Tue, 19 Feb 2008 20:47:03 GMT

Also I tried M&T who I bank with.

Re: Cannot get credit card

llecs — Tue, 19 Feb 2008 20:53:50 GMT

If I read right, you just have a CC CC (that was cool).

Because you don't have any reporting revolving CCs, it is challenging to get that first one. I'd go for a secured CC at first. A high starting balance could get your foot in the door for a higher limit card later, if that is your goal. A low limit, though, would have the same impact to your scores as a high limit card, if that is your goal.

Reporting "secured" won't impact your scores. I haven't heard any negative impacts of a manual review via this forum. Some cards graduate after a period of time. Ask around.

Re: Cannot get credit card

haulingthescoreup — Tue, 19 Feb 2008 21:02:04 GMT

It's like that classic problem of you can't get a job until you have experience, and you can't get experience until you have a job. The major card companies are often uninterested in taking a chance on an unknown, and that's where a credit union or local bank is so great.

Just make sure that the CU really does report a secured to all three CRA's (I would expect that they would), and that plus the Circuit City card plus your clean history should put you in great shape. I wish I had a history that clean!

Re: Cannot get credit card

llecs — Tue, 19 Feb 2008 21:09:38 GMT

You'll also likely see a bump in scores once you get that revolving card.

Re: Cannot get credit card

Anonymous — Wed, 20 Feb 2008 20:27:00 GMT

haulingthescoreup wrote:
It's like that classic problem of you can't get a job until you have experience, and you can't get experience until you have a job. The major card companies are often uninterested in taking a chance on an unknown, and that's where a credit union or local bank is so great.

Just make sure that the CU really does report a secured to all three CRA's (I would expect that they would), and that plus the Circuit City card plus your clean history should put you in great shape. I wish I had a history that clean!

Still confused, a secured credit card is gonna be useless building a revolving credit.

Yes or No.

And if I am so clean why would M&T not touch me even after rebuttle. Reaching too high?

Re: Cannot get credit card

techgirl — Wed, 20 Feb 2008 20:32:31 GMT

My husband had a BK and scores similar to yours, not as high, and I added him to our Credit Union accounts and then we bought a car together. My credit was stronger than his, but by putting his name on things jointly. We then went for a larger credit union credit card of $10,000. Now I know Washington Mutual wouldn't take him, Wells Farco MC wouldn't take him, but I got an Amex and added him as an Authorized User - not sure what will happen. We also have a mortgage together....

Re: Cannot get credit card

haulingthescoreup — Wed, 20 Feb 2008 20:39:25 GMT

@Anonymous wrote:

@haulingthescoreup wrote:
It's like that classic problem of you can't get a job until you have experience, and you can't get experience until you have a job. The major card companies are often uninterested in taking a chance on an unknown, and that's where a credit union or local bank is so great.

Just make sure that the CU really does report a secured to all three CRA's (I would expect that they would), and that plus the Circuit City card plus your clean history should put you in great shape. I wish I had a history that clean!

Still confused, a secured credit card is gonna be useless building a revolving credit.
Yes or No.

And if I am so clean why would M&T not touch me even after rebuttle. Reaching too high?

No, secured cards are NOT useless. They help build your credit just like unsecured cards.

I don't know what the issue was with your bank, unless it was just that they are too chicken to help people new to credit build a good history.

Re: Cannot get credit card

Anonymous — Thu, 21 Feb 2008 18:00:20 GMT

Zman

Did you try cap1?

Secured cards are great rebuilders just make sure they report to all three cra's.

Also dont forget that myfico has a list of cc's to try and ap for based on your fico.

http://www.myfico.com/LoanCenter/Offers/CreditCards.aspx

Re: Cannot get credit card

Anonymous — Thu, 21 Feb 2008 18:07:22 GMT

I started out with a Capital One card long ago myself, and it definitely served its purpose. I'm sure they will approve you. You can use the preapproval link on their website.

Re: Cannot get credit card

phumanr — Thu, 21 Feb 2008 18:18:04 GMT

Zman,

You may want to try a few secured cards....Orchard, First Premier, and maybe Tribute to get them to report to the CRAs. I would only do this for about six months, and then open up 1-3 better cards, then close these. These secured accounts have horrible fees. I did this because I have a BK and foreclosure on file, and now have very generous credit lines as they helped with my scores.

Phumanr