topic Breakthrough with Capital One And Now Apple Card, Too in Rebuilding Your Credit

Breakthrough with Capital One And Now Apple Card, Too

crrredit — Sun, 12 Feb 2023 00:55:48 GMT

I entered into a year-long payment plan on a charge off with Capital One last summer. About a month later I got a Capital One Quicksilver secured card. The secured card has been open for six months. And I just paid off the payment plan early. I checked out the Capital One prequal site and I finally got some options that weren't secured cards: Quicksilver for good credit, Savor One and the platinum card. They've been marketing the Savor One to me as a preapproval for months now, but today is the first time the card was also an option on the prequal site.

I'm sitting on the offers for now, but just happy I've made a bit of a breakthrough with Capital One.

For the first time Apple Card popped up on my Credit Karma account. It only listed my chances as fair. But it was recommended. I decided to check it out anyway. For the first time I was approved, although with a $500 CL. I passed for now. I just paid off a Capital One charge off settlement, so I'm waiting for it to report the zero balance and paid off status. I wonder if going through CK made any difference. Previously I've always gone straight to Apple to check pre-approval. I've done it several times, most recently last month.

Re: Breakthrough with Capital One

Epiki71 — Wed, 08 Feb 2023 01:01:19 GMT

OP,

congrats and thanks for the feedback.

how much was the debt and did you get a settlement?

Re: Breakthrough with Capital One

crrredit — Wed, 08 Feb 2023 02:18:49 GMT

@Epiki71 wrote:
OP,

congrats and thanks for the feedback.
how much was the debt and did you get a settlement?

The debt was about 4300 and I settled for 2300. When I called them they offered 2600. I countered with 2000 and we settled in the middle. When I offered 2000 I offered a lump sum. Their counter included terms up to 12 months of payments.

Re: Breakthrough with Capital One

Shooting-For-800 — Wed, 08 Feb 2023 02:55:24 GMT

Cap One can be very forgiving and very generous.

Congrats!

Re: Breakthrough with Capital One

OmarGB9 — Wed, 08 Feb 2023 13:39:10 GMT

@crrredit wrote:
I entered into a year-long payment plan on a charge off with Capital One last summer. About a month later I got a Capital One Quicksilver secured card. The secured card has been open for six months. And I just paid off the payment plan early. I checked out the Capital One prequal site and I finally got some options that weren't secured cards: Quicksilver for good credit, Savor One and the platinum card. They've been marketing the Savor One to me as a preapproval for months now, but today is the first time the card was also an option on the prequal site.

I'm sitting on the offers for now, but just happy I've made a bit of a breakthrough with Capital One.

Congrats on the progress and paying off your debt!