topic Re: CapitalOne Pre-qualifier question in Rebuilding Your Credit

CapitalOne Pre-qualifier question

Anonymous — Fri, 24 Apr 2015 18:16:31 GMT

I would like to try to apply with capital one, if possible. I entered my info to see if I prequalify and it said "we couldn't match your records to a card offer. But based on your answers, you make like these cards"..one was a platinum and a few others. And when you click on the cards they all say good for average credit. In my answers I submitted I put a needed one rebuilding. Not sure if that changed anything. Should I apply? Is this considered a "hard pull". I only have a small $300 limit one with Credit One and I need another..or 2, reporting. I had a capital one that was burned in BK. it ha a $500limit and I was current when I filed, after catching up from a couple late pyts. Should I apply? I'm not sure who they pull. Equifax score is 620, Trans is 568 and Experian is 556.

Re: CapitalOne Pre-qualifier question

ezdriver — Fri, 24 Apr 2015 18:28:55 GMT

If you need the card to rebuild, then why are you so concerned about an inquiry? You should have two to four tradelines to have a good base on which to build a robust credit profile ... and rebuilding is a long-term, ongoing activity.

Re: CapitalOne Pre-qualifier question

ojefferyo — Fri, 24 Apr 2015 18:34:04 GMT

@Anonymous wrote:
I would like to try to apply with capital one, if possible. I entered my info to see if I prequalify and it said "we couldn't match your records to a card offer. But based on your answers, you make like these cards"..one was a platinum and a few others. And when you click on the cards they all say good for average credit. In my answers I submitted I put a needed one rebuilding. Not sure if that changed anything. Should I apply? Is this considered a "hard pull". I only have a small $300 limit one with Credit One and I need another..or 2, reporting. I had a capital one that was burned in BK. it ha a $500limit and I was current when I filed, after catching up from a couple late pyts. Should I apply? I'm not sure who they pull. Equifax score is 620, Trans is 568 and Experian is 556.

It just means that they don't have any pre-qualified offers for you at the moment. No HP yet unless you actually applied for one of the cards. Doesn't mean you can't apply. I personally would wait a bit and bring the scores up some to have a better chance at getting in.

Re: CapitalOne Pre-qualifier question

Anonymous — Fri, 24 Apr 2015 18:34:08 GMT

People act like a HP is the death of you. At some point if you're going to have to risk it if you want to establish your credit.

Re: CapitalOne Pre-qualifier question

lindel — Fri, 24 Apr 2015 18:36:52 GMT

When i checked the prequalifying site, it told me the exact thing. i then applied for the Quicksilver One and was approved. Then after i started reading the boards i applied again a few days later and got the Journey. Both small limits of course. But you have to start somewhere

Re: CapitalOne Pre-qualifier question

Calistal — Fri, 24 Apr 2015 18:37:52 GMT

@Anonymous wrote:
I would like to try to apply with capital one, if possible. I entered my info to see if I prequalify and it said "we couldn't match your records to a card offer. But based on your answers, you make like these cards"..one was a platinum and a few others. And when you click on the cards they all say good for average credit. In my answers I submitted I put a needed one rebuilding. Not sure if that changed anything. Should I apply? Is this considered a "hard pull". I only have a small $300 limit one with Credit One and I need another..or 2, reporting. I had a capital one that was burned in BK. it ha a $500limit and I was current when I filed, after catching up from a couple late pyts. Should I apply? I'm not sure who they pull. Equifax score is 620, Trans is 568 and Experian is 556.

Capital One Consistently pulls all three bureaus, from my understanding. I applied around the 570-590 scores across the board and was approved, though I was prequalified. While you don't want too many hard pulls, the definition of too many varies fairly widely. I think its your decision to make, but, for me personally, I'd give it a shot. At the beginning of the rebuilding process, I'm not sure that a HP is really gonna hurt too bad. Good luck if you decide to app!

Re: CapitalOne Pre-qualifier question

Anonymous — Fri, 24 Apr 2015 18:39:29 GMT

@Anonymous wrote:
I would like to try to apply with capital one, if possible. I entered my info to see if I prequalify and it said "we couldn't match your records to a card offer. But based on your answers, you make like these cards"..one was a platinum and a few others. And when you click on the cards they all say good for average credit. In my answers I submitted I put a needed one rebuilding. Not sure if that changed anything. Should I apply? Is this considered a "hard pull". I only have a small $300 limit one with Credit One and I need another..or 2, reporting. I had a capital one that was burned in BK. it ha a $500limit and I was current when I filed, after catching up from a couple late pyts. Should I apply? I'm not sure who they pull. Equifax score is 620, Trans is 568 and Experian is 556.

Apply anyway. Hard pulls are your least concern at this point. If they approve you (even if only for the secured card, take it), wait until it appears on your reports as a new account, then apply for a second Cap One card.

Re: CapitalOne Pre-qualifier question

Anonymous — Fri, 24 Apr 2015 18:41:23 GMT

Just a one of several question. Not too terribly concerned over that, as much as being denied. Just trying to learn how all this works. And since I posted that, I received an alert Transunion score went up 4 points! Now at 572.

Re: CapitalOne Pre-qualifier question

Anonymous — Fri, 24 Apr 2015 18:42:53 GMT

I just want to point out that the way you type your adress matters. I remember when I didn't put TH at the end of my street name, that they couldn't find an offer for me. Double check it on your credit report. Even credit karma tells you the addresses on file. what Captial one card do you have now?

Re: CapitalOne Pre-qualifier question

Anonymous — Fri, 24 Apr 2015 19:44:23 GMT

Thanks so much everyone. I will keep you posted if I apply.

Re: CapitalOne Pre-qualifier question

RobertEG — Fri, 24 Apr 2015 20:13:22 GMT

If denail is your main concern, then perhaps you might turn your attention to the pre-qual letters you may receive in the mail.

If any such unsolicited offer for credit was based on the creditor having obtained your name from a listing provided by the CRA, that offer for credit becomes a :"firm offer" under the FCRA that must be honored if you apply and you are then found to continue to meet the criteria used by the creditor to obtain the listing from the CRA.

That pre-screening done by the CRA can make an offer firm, whereas the web sites and other pre-qual procedures carry no firm offer.

Are you currently opted-in?

Re: CapitalOne Pre-qualifier question

Anonymous — Fri, 24 Apr 2015 23:30:27 GMT

Robert, I have no idea. I guess so if I'm getting them from Credit One and First Premier. ? I almost just applied for the quicksilver Cap One card, but I read in the disclosure that you shouldn't apply if not discharged yet and BK still unresolved. So of course I freaked and just said forget it. I'm about 3 weeks from being discharged. Anyone get a card with them before being discharged?

Re: CapitalOne Pre-qualifier question

Anonymous — Sat, 25 Apr 2015 01:46:50 GMT

WELLLLL, i decided what the hell and applied for quiksilver capital one online anyway and...DENIED! So bummed.

Re: CapitalOne Pre-qualifier question

Anonymous — Sat, 25 Apr 2015 02:16:57 GMT

@Anonymous wrote:
WELLLLL, i decided what the hell and applied for quiksilver capital one online anyway and...DENIED! So bummed.

Sorry to hear that, the feelings that come with being denied really suck. I would wait the 3 weeks until your bankrupcty is discharged and updates on your reports to being discharged and apply for the Capital One Secured Card, unless at that time the prequal on their site offers you something better. A secured card will be just as good for your credit rebuilding as an unsecured would be and it can also get your foot in the door to get a better card from them later. Hang in there, better days are coming.

Re: CapitalOne Pre-qualifier question

ReachingMyGoals — Sat, 25 Apr 2015 16:39:20 GMT

I know that feeling of pulling the credit trigger and being denied. It happens.
In this case is it possible to call for a recon explaining the discharge is forthcoming?

Whatever you decide, it will be well soon.

Re: CapitalOne Pre-qualifier question

Anonymous — Sun, 26 Apr 2015 16:15:06 GMT

Received an email this morning simply saying the denial was b/c I had too many past delinquents with them. Called for a recon this morning, with no luck. Should I just let things sit a little while it should i apply for this First Premier pre approved/pre screened offer I received in the mail last week. Was trying to avoid b/c of the fees..but I don't know if I have a choice.?

Re: CapitalOne Pre-qualifier question

Anonymous — Sun, 26 Apr 2015 16:44:52 GMT

@Anonymous wrote:
Robert, I have no idea. I guess so if I'm getting them from Credit One and First Premier. ? I almost just applied for the quicksilver Cap One card, but I read in the disclosure that you shouldn't apply if not discharged yet and BK still unresolved. So of course I freaked and just said forget it. I'm about 3 weeks from being discharged. Anyone get a card with them before being discharged?

I was under the impression that one was not supposed to get new credit while in the middle of a BK.

Re: CapitalOne Pre-qualifier question

Anonymous — Sun, 26 Apr 2015 22:11:30 GMT

@Anonymous wrote:
Received an email this morning simply saying the denial was b/c I had too many past delinquents with them. Called for a recon this morning, with no luck. Should I just let things sit a little while it should i apply for this First Premier pre approved/pre screened offer I received in the mail last week. Was trying to avoid b/c of the fees..but I don't know if I have a choice.?

Don't get the FP card. Get a couple of secured cards that are known to unsecure after 9-12 months. You can also try to do the SCT to get an unsecured card. I got the Sportsman's Guide Visa with a SP, and the Camping World Visa with an EQ HP.

Re: CapitalOne Pre-qualifier question

Anonymous — Wed, 17 Jun 2015 13:20:21 GMT

@Anonymous wrote:
@Anonymous wrote:
Received an email this morning simply saying the denial was b/c I had too many past delinquents with them. Called for a recon this morning, with no luck. Should I just let things sit a little while it should i apply for this First Premier pre approved/pre screened offer I received in the mail last week. Was trying to avoid b/c of the fees..but I don't know if I have a choice.?
Don't get the FP card. Get a couple of secured cards that are known to unsecure after 9-12 months. You can also try to do the SCT to get an unsecured card. I got the Sportsman's Guide Visa with a SP, and the Camping World Visa with an EQ HP.

On the SCT I was told that they are all SP's.Are they different from company to company? Thanks!

Re: CapitalOne Pre-qualifier question

Anonymous — Wed, 17 Jun 2015 14:39:38 GMT

Wait, did you apply for qs1 or qs?