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Credit one question

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Credit one question

Hello

I have been discharged about 2 weeks now. I have read the bk to 700 thread and started or trying to start my rebuild. I have a reaffirmed auto loan (needed my car and low payment but credit union required reaffirm) and I have a small student loan I been paying on, but for some reason it switched to in forbearance(I have not missed a payment before,during, or after bankruptcy) so I’m not sure why it switch to forbearance.

Anyways I know I need more open accounts and a credit card. I tried pre-qual for cap one and discover even though I burnt them both. No offers for either so I didn’t even bother applying.

Now here is my question with credit one. I did the pre qual and got a match. I applied and it said approved(pending final verification of information) gave me an application code and showed me they my score for experian? I think. Which was 636 a little higher than what I expected but still bad obviously. Now I have since heard nothing from credit one and when I tried to check under “application status” it says unable to find info. Has anyone had experience with their process? Am I unable to check application status if I’m approved? It Did show me my rates and credit limit and everything there when it said I was approved.
Message 1 of 6
5 REPLIES 5
Senior Contributor

Re: Credit one question

Call customer support and ask whats up. Someone may come along with the same scenario and respond.





My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC. My siggy is not to brag at all. Just to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
Message 2 of 6
New Contributor

Re: Credit one question

If they approved you already, you're probably just encounter some computer issue. The card will eventually arrive. Or if you some serious concern, just call them. CreditOne is kind of predetory card, fees galore, takes up to 7 days to make an online payment (limited to 4 times per month), no grace period, sky high annual fee with high interest rate. I got one after discharge about 5 months ago. I usually pay everything before statement day leaving only $10 balance to report to all three credit bureaus. My scores went up quite a bit because of that.

Message 3 of 6
Established Contributor

Re: Credit one question


@Seeking-Advice wrote:
Hello

I have been discharged about 2 weeks now. I have read the bk to 700 thread and started or trying to start my rebuild. I have a reaffirmed auto loan (needed my car and low payment but credit union required reaffirm) and I have a small student loan I been paying on, but for some reason it switched to in forbearance(I have not missed a payment before,during, or after bankruptcy) so I’m not sure why it switch to forbearance.

Anyways I know I need more open accounts and a credit card. I tried pre-qual for cap one and discover even though I burnt them both. No offers for either so I didn’t even bother applying.

Now here is my question with credit one. I did the pre qual and got a match. I applied and it said approved(pending final verification of information) gave me an application code and showed me they my score for experian? I think. Which was 636 a little higher than what I expected but still bad obviously. Now I have since heard nothing from credit one and when I tried to check under “application status” it says unable to find info. Has anyone had experience with their process? Am I unable to check application status if I’m approved? It Did show me my rates and credit limit and everything there when it said I was approved.

If you wanted to establish more accounts with positive history then the Open Sky secured Visa is pretty much guaranteed and doesn't require a credit check.  Just something to think about.

 FICO 8
Message 4 of 6
Established Member

Re: Credit one question

Same thing happened to me when I got my card. They sent me this verication form in the mail I filled it out back in the beginning of  October (around my 341 Meeting) and it toooook FOREVER!!!! I finally got the card but I didn't get it until almost the end of November.

 

I started out with SL of $400 and my af was $75, right after Christmas the did an auto CLI so I am now at $600. I'm following the "From BK t 700 in 24 months" so I plan on cancelling it on the 11th month.

Message 5 of 6
Frequent Contributor

Re: Credit one question

You're approved. I got mine before D/C and it said the same thing online. I was worried too but that's just how they roll. 

I got $500 SL and it went to $700 after making first payment. 

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 6 of 6
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