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Cap1 PreQual turned into 7-10day

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Valued Member

Cap1 PreQual turned into 7-10day

I filed in Nov 2017, Discharged in March 2018.  I was completely current with all cards including Cap1.  But they got burned for about $3500.

Since my discharge I'd never seen a prequal on their site.  But in the meantime, I got Disco Secured[$600-they still don't like me enough to graduate-they were unburnt] a week out of discharge.  Over the following 3-6 months, LendUp & Ollo stepped up.

 

Tuesday morning, as part of my morning routine I checked Cap1 prequalifier.  I don't do it every morning, but at least once a week.

I was surprised to get the Congrats message, offering both the QS1(w/AF) and the Platinum(no/AF).

I went for it... chose the Platinum.

 

I was greeted with the 'further review' and 7-10 days.

I did attempt to call in yesterday, but the hold times have been killer.  The automated status is still reporting 'reviewing'. I still haven't spoken to anybody, so I have no results yet.

I'll give them the weekend before I call again.

 

It's going to really suck having taken the triple hit when I recall Cap1 being REALLY accurate with their qualifier.

I wonder if the automated status line actually reports denial, or does it keep you in limbo until you receive their letter?

 

Message 1 of 10
9 REPLIES 9
Frequent Contributor

Re: Cap1 PreQual turned into 7-10day

Are your reports frozen by any chance or a fraud alert active?
BK CH7--Filed September 25, 2018--D/C Jan.4, 2019
{FICO8 Feb.12, 2019--TU 580--EX 600--EQ 626}

Credit One Visa ($500 now $700) Nov. 2018
SelfLender (2 year) Nov. 2018
Capital One Platinum MC ($2000) Jan. 2019
Target RedCard ($500) April 2019
Venus Comenity ($500) May 2019 no HP


FICO 8 SCORES: 06-02-2019616 TU613 EX638 EQ
Message 2 of 10
Valued Member

Re: Cap1 PreQual turned into 7-10day


@StartingOver2018 wrote:
Are your reports frozen by any chance or a fraud alert active?

Nope, reports are accessible and clean except for the BK related stuff 

Message 3 of 10
Valued Member

Re: Cap1 PreQual turned into 7-10day

I attempted to call for status a few times in the past two weeks, in case there were questions to be asked.  But I kept running out of time and couldn't outlast the hold times... until yesterday.

I finally called in for status and had plenty of time to wait.  I apped on Jan 8th and still had not heard a peep.  Nothing in the mail, no calls, no emails, and nothing popping up in my account(Cap1 savings leftover from pre-Ch7, that I still haven't touched since filing... I mostly abandoned it)

 

I finally got through and asked the status.  After verification of my info, she tells me that I need to speak with another department.  I'm sitting there thinking 'Finally!'.  There is nothing they can ask me that is different than what I provided in my app.

Sure enough... Fraud department.  As I offered up to the first lady, there were probably verification questions regarding my recent move(10/18), although all reports started showing my new address by 12/18.

 

The fellow on the other end in the fraud department verified basics again, and during the process I told him that I was expecting verification of the recent move from day one.  He told me that they 'recently' sent a letter requesting a call/docs/etc for further information.  But now he told me to just ignore that letter as I had provided enough verification on the phone.  He said he would be passing the application forward and that I would hear soon.  I just wonder how much longer we've got to go from here.  lol, been a while already... and I'm not allowing another triple-pull if the initial ones expire Smiley Happy

 

Anywho... there's an update.  The wait continues.

Message 4 of 10
Valued Member

Re: Cap1 PreQual turned into 7-10day

I just called in to check and got the news that the application was approved!  $2k SL

Message 5 of 10
Regular Contributor

Re: Cap1 PreQual turned into 7-10day

Congratulations...😄
Message 6 of 10
Senior Contributor

Re: Cap1 PreQual turned into 7-10day

Congrats! Exactly how I started. After 3rd staement cuts go online and ask for a SP CLI. Month 4 upgrade to QS for cash back. Then wait for your credit steps to kick in. Your on your way now!





My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC.
Message 7 of 10
Valued Member

Re: Cap1 PreQual turned into 7-10day


@FireMedic1 wrote:

Congrats! Exactly how I started. After 3rd staement cuts go online and ask for a SP CLI. Month 4 upgrade to QS for cash back. Then wait for your credit steps to kick in. Your on your way now!


That was going to be my next question, but I figured I would wait until the card arrived before asking.  I wasn't sure steps would be on this card.

I planned on month #3, depending on whether I put spend on it or not.  Since I've been running everything via the others, and I'll be carrying balances for a few months, I wasn't sure that would work out for me.

But eh, it's a SP... so I probably will.

 

Since the 2 of the 3 others will be carrying a balance, I planned on SD'ing this one(util reasons) until the others come down a tad.

 

Now if I could just get Discover to send me back my deposit. lol, could be a little while with balances on the others.

 

Message 8 of 10
Frequent Contributor

Re: Cap1 PreQual turned into 7-10day

Hooray!!! Great news!Smiley Very Happy


@TonyUFN1 wrote:

I just called in to check and got the news that the application was approved!  $2k SL


 

BK CH7--Filed September 25, 2018--D/C Jan.4, 2019
{FICO8 Feb.12, 2019--TU 580--EX 600--EQ 626}

Credit One Visa ($500 now $700) Nov. 2018
SelfLender (2 year) Nov. 2018
Capital One Platinum MC ($2000) Jan. 2019
Target RedCard ($500) April 2019
Venus Comenity ($500) May 2019 no HP


FICO 8 SCORES: 06-02-2019616 TU613 EX638 EQ
Message 9 of 10
Community Leader
Super Contributor

Re: Cap1 PreQual turned into 7-10day

thats great congrats on the approval!!

Scores held down by umpteen INQ & New accounts
~~~BK7 d/c-08/2013......my rebuild worked for me, but won't necessarily work for you.~~
Message 10 of 10