topic Re: Should I app for cap 1 unsecured? in Rebuilding Your Credit

Should I app for cap 1 unsecured?

Anonymous — Thu, 26 May 2016 17:30:46 GMT

So it's been 3 months since I've had the cap 1 secured. Curious if I should apply for the unsecured?
I also have the discover secured both $200 limits.
Uti is a little high at 52% I always pay in full sometimes several times a month. My reports and scores are...

TU 572 an unpaid CO reporting and unsatisfied judgment.

EX 582 1 unpaid medical and the CO is reporting as paid

EQ 593 CO reporting as paid. Was 604 but the high Uti dropped my score.

I'm opted out and have fraud alerts on all accounts. (Don't know if it matters?) The prequal site doesn't show any offers.

What do you think should I apply?

Re: Should I app for cap 1 unsecured?

Anonymous — Thu, 26 May 2016 17:48:27 GMT

You should be able to get approved with those scores, hubby's were similar when he got approved. Might only be a 300 limit to start but you never know. I'm not sure but I think being opted out might affect prequals.

Re: Should I app for cap 1 unsecured?

RonM21 — Thu, 26 May 2016 21:39:37 GMT

I think you can be approved. As noted above, the limit will start out low, but it will grow if used correctly and open many doors afterwards.

Re: Should I app for cap 1 unsecured?

Anonymous — Sun, 29 May 2016 22:57:01 GMT

I went ahead and applied and got a 7-10 day message. Does that mean I'm denied?

Re: Should I app for cap 1 unsecured?

Anonymous — Sun, 29 May 2016 23:01:54 GMT

Unfortunately, most likely.

Did it say we need more time to review, or just 7-10 message? Did they HP you?

Re: Should I app for cap 1 unsecured?

Anonymous — Sun, 29 May 2016 23:09:48 GMT

Yes hard pull and need more time to review the application

Re: Should I app for cap 1 unsecured?

Anonymous — Sun, 29 May 2016 23:15:49 GMT

Okay, so not a flat out denial. In that case it's 50/50.

Re: Should I app for cap 1 unsecured?

Anonymous — Sun, 29 May 2016 23:16:43 GMT

Fingers crossed! I need a 3rd card!

Re: Should I app for cap 1 unsecured?

Anonymous — Sun, 29 May 2016 23:17:36 GMT

I would call the recon number and talk to someone.

Re: Should I app for cap 1 unsecured?

Anonymous — Sun, 29 May 2016 23:18:44 GMT

Call 800-903-9177, ask to speak to a rep. This dept is closed on weekends. Try tomorrow or Tuesday. This will help you out.

Re: Should I app for cap 1 unsecured?

Anonymous — Sun, 29 May 2016 23:53:29 GMT

@Anonymous wrote:
Yes hard pull and need more time to review the application

If you had fraud alerts, then you will more than likely get a letter stating that they need verification of your identity.

Re: Should I app for cap 1 unsecured?

Anonymous — Mon, 30 May 2016 01:51:46 GMT

Curious if I verify my identity then get a denial?

Re: Should I app for cap 1 unsecured?

Pway — Mon, 30 May 2016 01:56:30 GMT

I know you pulled the trigger already but I would have personally waited until you got that util down.

Re: Should I app for cap 1 unsecured?

jbsea — Mon, 30 May 2016 02:32:21 GMT

it is more then likely a verification thing... But for the future try to get you utl down under 10% before doing any apps.

Re: Should I app for cap 1 unsecured?

Anonymous — Mon, 30 May 2016 04:21:57 GMT

I thought about that before I applied but foolishly did anyways. Owell I'll call the recon number tom if there open but tue for sure.

Re: Should I app for cap 1 unsecured?

Anonymous — Mon, 30 May 2016 17:34:56 GMT

So I called that number and they need me to verify my identity fax my ID and social security. Do they really want me to verify my identity just to deny me?

Re: Should I app for cap 1 unsecured?

Anonymous — Mon, 30 May 2016 17:41:02 GMT

No guarantees, but most likely you will be approved.

Re: Should I app for cap 1 unsecured?

Anonymous — Mon, 30 May 2016 20:17:15 GMT

My wife apped for this card today, she was instantly denied, her FICO scores are 603 613 and 620. I was very surprised to see this. I have 2 QS1 cards and had lower scores than that when I got them. She has no bankruptcy. Please post your recon outcome when your sure. I am going to advise her to do the same.

Re: Should I app for cap 1 unsecured?

Anonymous — Mon, 06 Jun 2016 20:13:19 GMT

Boom! Was approved for $500! So happy, only took 3 months!

Re: Should I app for cap 1 unsecured?

Anonymous — Mon, 06 Jun 2016 23:24:14 GMT

@Anonymous wrote:
Boom! Was approved for $500! So happy, only took 3 months!

This is a suprised to me because a Cap 1 CSR told me today (I applied last week) when you have a secured card it takes 6 months for that account to clear to let you apply for a unsecured card. They didn't even do a hard pull and just declined and sent a letter with the reason: you already have an account pending.