topic Re: Good & Bad in Credit Cards

Good & Bad

Anonymous — Fri, 23 May 2008 20:09:37 GMT

After I was denied my home loan..and was told to wait two months...I decided to apply for some CC's...here's what I have already:

Continental $375 CL
BofA Secured Visa $500 CL
Crown Jewelers $1500 CL

I applied for:

Hooters again- got the 7-10 day message
Juniper Carnival Sea Miles- got a 30 day message (probably denied)
Discover More - DENIED but was offer HSBC Direct Rewards Platinum only $300 CL
BofA Visa Platinum - I knew I was getting denied..I wanted the 99/500 card...

I wanted to try WaMu...but it just won't let me..no card offer comes up...then when I bypass that...it keeps bringing up a sign in page...saying their CC's are only available to registered online users..I registered already...My scores are:

TU-661
EX-609
EQ 590

Re: Good & Bad

Anonymous — Fri, 23 May 2008 20:13:44 GMT

I don't have a clue about hooters, but I think with your TU score Juni looks promising to me and B of A should give you something if your payment history is good on your secured card.

Re: Good & Bad

Anonymous — Fri, 23 May 2008 20:16:58 GMT

I only had my BofA secured for 2 months...I knew they weren't going to take that into consideration...and I tried to get a CLI from Continental..but they give them every 6 months....only $75...and they charge you $25 for them...they won't budge....I was trying to do all TU pullers...since that is my highest score...but I'm done...FOR NOW!!

Re: Good & Bad

Anonymous — Fri, 23 May 2008 20:24:00 GMT

slyhouse08 wrote:
After I was denied my home loan..and was told to wait two months...I decided to apply for some CC's...here's what I have already:

Sorry to Hear this.

Sometimes i wish i would have waited to get my house after the prices went down, but i was thinking i might not be able to get a house now with my FICO scores. I got my House on 4/2007

Hang in there. Im pulling for you!

Re: Good & Bad

Anonymous — Fri, 23 May 2008 20:34:09 GMT

Yeah...I was denied based on TL....basically my good credit history is not 12 months old yet....I have a 18 month old car loan...GREAT, NEVER LATE....and a 7 month CC...and a 2 month CC...that's it..so in 2 months..if I do a new build...in 4 months...I would have 3 positive TL....

Re: Good & Bad

haulingthescoreup — Fri, 30 May 2008 01:46:23 GMT

What reason did they give you for declining?

No matter how irritating or offensive the reason, I believe in grimly going to work on that. GL

Re: Good & Bad

Anonymous — Fri, 30 May 2008 02:09:20 GMT

You mean my home loan...or the CC's...home loan was because of not having 3 strong TL's..I'm only 23...average history 2 years...as far as the CC's...I don't even read the denial letters...I throw them away...so I don't know SORRY!!!

Re: Good & Bad

Marvintran — Fri, 30 May 2008 02:19:15 GMT

Sorry to hear about your denials, your TU is the highest why dont you

try for banks that are pulling TU like national city or maybe your local CU?

BTW, for wamu you have to create a PW and User name to be able to link to an app site.

Or heres the link for the ESPN also by Wamu and I hear this one gives a higher limits.

http://wamu.atdmt-host.com/espn_q4/espn_lp.html?offer_id=esp04&banner_id=espncomjunc12172007comjun000link2500

Re: Good & Bad

SonorityGenius — Fri, 30 May 2008 02:25:30 GMT

If you were denied on mortgage you should have worked on even more to improve your credit rather further sink it by opening such new accounts and gaining even more inquiries..

American dream still exists! dont give up.

Re: Good & Bad

Anonymous — Fri, 30 May 2008 02:44:01 GMT

Your last comment "I'm done for now" is the right idea. Don't kill your FICO by obtaining further inquiries. By the 6 month mark of no further inquiries and a good payment history on the secured, you'll have some pre-app offers coming in.

I built my entire credit profile on the back of a single (crap-o) $300.00 Aspen card that I used for coffee here-and-there.

Start small, stay patient, and within a year or two, you'll have a tons of high limit cards and you'll be laughing at the tiny secured BoA card.

Re: Good & Bad

Anonymous — Fri, 30 May 2008 03:42:56 GMT

SonorityGenis...like I previously posted...I was not denied because of my scores...it was because of history...and have been learning a lot...and I'm keeping it straight...I tried to apply for only TU pullers...since that was my highest..and I only had a few TU inquiries for the year...I don't plan on applying for anymore..until I get the house...and my scores are a lot better...thanks of the advice though...

Re: Good & Bad

creditreformer — Fri, 30 May 2008 04:17:50 GMT

fyi, ba's told me 2x you can't have their 99/500 card (while in secured status) AND their other secured cc. i recently got some new ccs (3- target red, cap 1, ba 99/500) after just over a yr w/o any apps. now sitting back and letting them age. sign me up for the app abstinence class haha

Re: Good & Bad

Anonymous — Fri, 30 May 2008 16:32:18 GMT

Yeah....I found that out afterwards...