topic Re: I'm a bit afraid.... in Credit Cards

I'm a bit afraid....

Shinronn — Thu, 26 Sep 2013 17:46:29 GMT

I want to apply for a credit card but I'm afraid of being declined. Do any of you know if this will be a hard pull report when I apply? For instance I was about to finance tires with good year and they declined. That was about a month ago, my credit standing when I started 10 months ago was pretty horrid I was mid 400's. Not a long credit history and I have 1 or 2 charge offs on my report which I paid for, working on gw's. I'm at (666, 658,671 with exp, equ, tran consecutively). What do I do?

Re: I'm a bit afraid....

09Lexie — Thu, 26 Sep 2013 17:48:29 GMT

In most cases an application of credit will result in a hp. To better assist you, can you detail your credit profile? Baddies? Inq's? Cc's? Income?

Re: I'm a bit afraid....

parakleet — Thu, 26 Sep 2013 17:49:20 GMT

Applying for new credit will typically result in an hard inquiry. I don't know what tradelines you already have or how many inq's are on your report but if you want a CC w/o a HP, you can look into the shopping cart trick for store cards. There are many posts on that here - just do a simple search of the forum and many relevant posts will come up.

Re: I'm a bit afraid....

Burned2manybridgesB4 — Thu, 26 Sep 2013 17:49:20 GMT

@09Lexie wrote:
In most cases an application of credit will result in a hp. To better assist you, can you detail your credit profile? Baddies? Inq's? Cc's? Income?

Getting the magnifying glass, and handcuffs ready for another jumper?

Re: I'm a bit afraid....

Shinronn — Thu, 26 Sep 2013 17:53:15 GMT

Yeah, Below is the information for them. I'm working on a GW with Gecrb also decided I will settle since it is now double what I owed. I only have one credit card, A secured credit card from 53 bank. Also, paying for a car, installment loan that's all plus my student loans.

Fifth Third Bank		10/2012	$58	This is an account in good standing	No	Details
Cap One		1/2008	$0	Account legally paid in full for less than the full balance		Details
Gecrb/Paypal Smart Con		5/2008	$0	Unpaid balance reported as a loss by credit grantor		Details
Fed Loan Serv	5142XXXXXXXXXXXXX	2/2011	$3,472	Current account/was delinquent 120 days past due date	No	Details
Fed Loan Serv	5142XXXXXXXXXXXXX	2/2011	$2,135	Current account/was delinquent 120 days past due date	No	Details
Westlake Financial Svc		10/2012	$11,107	This is an account in good standing	No

Re: I'm a bit afraid....

Shinronn — Thu, 26 Sep 2013 17:59:41 GMT

Also, 6 inquiries within the past year. 5 of which will no longer count after november 5th from what I read? But will stay on for 2 years.

June 24, 2013	Gdyr/Cbna
November 05, 2012	Nowcom/Westlake Financ
October 29, 2012	Credit Acceptance
October 01, 2012	Capital One Auto Fin
October 01, 2012	Nccinc/Coggin Honda Or
September 26, 2012	Carmax

Re: I'm a bit afraid....

09Lexie — Thu, 26 Sep 2013 18:21:55 GMT

I would refrain from app,gin until the GW letters have been exhausted. You could try another secured card. SDFCU has one that does not use a hp -right now, your baddies are aging off and that's good. adding another secured card and managing it well can be beneficial.