topic Re: Capital One Approval - WOW in Rebuilding Your Credit

Capital One Approval - WOW

ToofDoc — Tue, 25 May 2021 23:07:36 GMT

Got my first unsecured credit card today from Capital One! 😱 Can't believe it and what a emotional high. Some background.

Chapter 7 discharged on November 1, 2019 so I am 16 months after bankruptcy discharge. Immediately after discharge, here are the things I did to attempt to rebuild my credit:

1) I bought myself a $1,000 secure credit card from OpenSky

2) Opened a credit builder loan with Self (Atlantic Capital) - $530 loan with 1 year repayment

3) Opened another credit builder loan with Credit Strong (Austin Capital) - $2,000 loan with 2 year repayment

4) Got on my wive's 8 credit cards ($50K credit line) as an Authorized User

5) Hired a credit rebuilding agency to clean up my credit report

6) Practiced AZEO

My current FICO 8 scores are

EQX - 701

TRU - 674

EXP - 668

My FICO scores immediately after Ch7 discharge were:

EQX - 594

TRU - 594

EXP - 590

9A42FB48-834D-4436-BB23-04B4CD5DE84C.jpeg

8EE391A4-AE36-4D60-AEB6-DAE9A31C0636.png

I can't believe Capital One let me back in! I burnt them with 3 credit cards total up to $35K in my Chapter 7! I've read that Capital One is the most foregiving out of the bunch and it sure was true!

Let the credit rebuilding journey continue!

Re: Capital One Approval - WOW

Ficoproblems247 — Tue, 25 May 2021 23:14:38 GMT

That is an absolutely fantastic QS approval out of them! Cap1 loves you! Congrats on a fantastic approval!

Re: Capital One Approval - WOW

simplynoir — Tue, 25 May 2021 23:16:28 GMT

Congratulations on the huge approval there! Great progress you've made so far so definitely earned it

Re: Capital One Approval - WOW

Anonymous — Tue, 25 May 2021 23:16:43 GMT

@ToofDoc wrote:
Got my first unsecured credit card today from Capital One! 😱 Can't believe it and what a emotional high. Some background.

Chapter 7 discharged on November 1, 2019 so I am 16 months after bankruptcy discharge. Immediately after discharge, here are the things I did to attempt to rebuild my credit:

1) I bought myself a $1,000 secure credit card from OpenSky
2) Opened a credit builder loan with Self (Atlantic Capital) - $530 loan with 1 year repayment
3) Opened another credit builder loan with Credit Strong (Austin Capital) - $2,000 loan with 2 year repayment
4) Got on my wive's 8 credit cards ($50K credit line) as an Authorized User
5) Hired a credit rebuilding agency to clean up my credit report
6) Practiced AZEO

My current FICO 8 scores are
EQX - 701
TRU - 674
EXP - 668

My FICO scores immediately after Ch7 discharge were:
EQX - 594
TRU - 594
EXP - 590

9A42FB48-834D-4436-BB23-04B4CD5DE84C.jpeg

8EE391A4-AE36-4D60-AEB6-DAE9A31C0636.png

I can't believe Capital One let me back in! I burnt them with 3 credit cards total up to $35K in my Chapter 7! I've read that Capital One is the most foregiving out of the bunch and it sure was true!

Let the credit rebuilding journey continue!

I read this entire post smiling as if I was the one with the approval😂. This is amazing!!

congrats 🍾

Re: Capital One Approval - WOW

ToofDoc — Tue, 25 May 2021 23:40:18 GMT

So F-ing-tastic because I was expecting like a $1,000 approval but never did I expect a $10,000 credit line as a first card back in 😱

Re: Capital One Approval - WOW

ToofDoc — Tue, 25 May 2021 23:50:09 GMT

Oh, I forgot to mention.

About 5 months ago around one year after my Ch7 discharge, I went to CapitalOne.com to see if I was "preapproved" for any of their cards. To be honest, I was hoping that they would offer me their SECURED card as I read that after certain amount of time with good behavior, CapOne would convert their secured card to an unsecured card. Of course as I had expected, I wasn't preapproved for any of their products.

This morning, I just remembered about Capital One preapproval option so I decided to try the preapproval option again. To my surprise, I was "preapproved" for 4 cards

SAVIOR

PLATINUM

SECURED CARD

I selected the QS as it offered a 1.5% cash back, a 15-month zero interests promo, $200 statement credit after $500 spending, AND $0 annual fee!

Still can't believe it that I actually was approved. Even after I got the "preapproval" and I completed the full application, I was saying to myself that no F-ing way that Cap One will let me back in! Wow, just wow!

Re: Capital One Approval - WOW

Anonymous — Wed, 26 May 2021 00:46:58 GMT

@ToofDoc wrote:
Oh, I forgot to mention.

About 5 months ago around one year after my Ch7 discharge, I went to CapitalOne.com to see if I was "preapproved" for any of their cards. To be honest, I was hoping that they would offer me their SECURED card as I read that after certain amount of time with good behavior, CapOne would convert their secured card to an unsecured card. Of course as I had expected, I wasn't preapproved for any of their products.

This morning, I just remembered about Capital One preapproval option so I decided to try the preapproval option again. To my surprise, I was "preapproved" for 4 cards

QS
SAVIOR
PLATINUM
SECURED CARD

I selected the QS as it offered a 1.5% cash back, a 15-month zero interests promo, $200 statement credit after $500 spending, AND $0 annual fee!

Still can't believe it that I actually was approved. Even after I got the "preapproval" and I completed the full application, I was saying to myself that no F-ing way that Cap One will let me back in! Wow, just wow!

Congrats! And lol @ Savior but I didn't realize the pre-qual was offering the Savor card. That's good to know as I believe the minimum SL is $5k (someone correct me if I'm wrong) on that card so a good DP for those checking the site to see what they're being offered.

Re: Capital One Approval - WOW

AllZero — Wed, 26 May 2021 01:13:45 GMT

Congratulations on your approval!

Re: Capital One Approval - WOW

babygirl1256 — Wed, 26 May 2021 02:27:09 GMT

@ToofDoc Congrats on your Capital One approval . . . Great rebuilding -but- you should cancel the credit rebuilding agency as you will get more guidance and information on this forum for FREE at least I did from 2019 to current!!!

Re: Capital One Approval - WOW

SPChaser — Wed, 26 May 2021 09:35:49 GMT

Congrats Cap 1 approval!!! 🥳🥳🥳

Re: Capital One Approval - WOW

gdale6 — Wed, 26 May 2021 14:11:41 GMT

Huge CL considering who the bank is, grats on getting it

Re: Capital One Approval - WOW

GrandBay — Wed, 26 May 2021 17:15:09 GMT

@ToofDoc that's AMAZING news! Great CL as well! Take your DW out to dinner to celebrate but please nothing too pricey - she will understand haha

Re: Capital One Approval - WOW

GrandBay — Wed, 26 May 2021 17:17:16 GMT

@ToofDoc In 60 days with everything reporting correctly try the AMX pre-approval page. Did you burn them?

Re: Capital One Approval - WOW

ToofDoc — Wed, 26 May 2021 20:51:15 GMT

@GrandBay wrote:
@ToofDoc In 60 days with everything reporting correctly try the AMX pre-approval page. Did you burn them?

I burnt them BAD unfortunately! Both business and personal cards around $50K. I will be on the **bleep** list for eternity 😆

Re: Capital One Approval - WOW

Anonymous — Thu, 27 May 2021 01:03:03 GMT

Congrats on your approval