First let me say I have been lurking this forum for the past few months and have been able to clean up so much of my credit! Thank you!
A few nights ago I apped for the Capital One (Classic if I can remember correctly) Platinum card and was automatically denied. I received my electronic letter of reason and it stated the following:
- Based on your credit report from Experian, your credit bureau report had missing information about an account or accounts
- Based on your credit report from Experian, too few or no accounts are rated as satisfactory
- Based on your credit report from Experian, number of delinquent past or present credit obligations
- Based on your credit report from Trans Union, number of delinquent past or present credit obligations
My current Experian score is 640. I have one baddie that I have been working hard on having deleted. It isn't due to fall off until 2016. No revolving accounts. And an auto loan that was last reported in 2008 (paid and no lates). 1 reported inquiry. My Trans Union looks just about the same but without any baddies.
I took my shot at asking for a recon on the app but the representative stated that he didn't have the reasons as to why I was denied and that all they could do is re-app with a HP. I've read so many positive recon testimonies that this really put me in the lowest spirits. Isn't something else supposed to happen on the other end of the line? I explained my ONE credit blemish and he still seemed clueless. I understand that I don't have established credit but is my only way to a higher score with a secured card!? Heck, I have even tried the shopping cart trick the past new nights and nothing has bit.
I'm just a sad kid kicking a can. I'm not sure what else to do other than pay into a secured card. Suggestions? Remarks on the recon or choice of card?
