topic Re: I need help understanding? in General Credit Topics

I need help understanding?

Anonymous — Fri, 25 May 2007 15:26:06 GMT

can someone please help me understand what i should do?

I got my first credit card (orchard bank secured) about 5 months ago and Im making all my payments, I also got a macy's card and a few utilities that i pay on time always. I have 1 collection that i paid about 6 months ago for $60 that was a doctor bill.

I tried to apply for the captiol one card for about 20% apr just to get another good line and i got turned down, it doesnt seem to me that my credit is getting any better?? what should i do?

thank you

Re: I need help understanding?

MidnightVoice — Fri, 25 May 2007 16:45:00 GMT

Do you know your FICO scores?

Re: I need help understanding?

Anonymous — Fri, 25 May 2007 18:05:46 GMT

Call Capital One and ask the "credit decision dept" why you can't get their card. Ask them what it will take to get it. Then if no luck, hang up and call back. Lots of lenders are very helpful with this information and this dept. can actually over turn a denial. I just got my last card like that. 3 denials, called and said. What's it going to take? They said, ok and gave it to me. I was a bit pushy. They gave me a low credit line, but I know I can ask for increases in 6 months now that my foot is in the door.

I don't know what's up with my credit. Capital One, Providian, and Wamu have repeatedly denied me over a 10 year period. I've always had other cards. Maybe they don't like seeing competitor cards on our reports. I don't know. If I were you, I'd make a phone call between 9am and 4pm Eastern Time to Capital One and ask! Then if still not having luck send in a letter telling them why you want their card and how hard you are working for it and to make your credit better. I am still after the Wamu card, just because. It has been a thorn to me for many years. Now it's just a challenge! hehe. I always call and ask what can I change to qualify.