Card Approval and FICO scores

[daddio530]

Are credit card approvals based on FICO score alone? I am asking because I declared bankruptcy a year ago and don't want to take a hard hit unnecessarily. Bankruptcy was discharged a year ago and student loans have been rehabilitated as of this month but have not been updated on my credit report. Eq.= 620 Exp=601 Trans=564

[Anonymous]

Scores are pretty low. Do you have any current cards? I'd try to get the score up a bit and then maybe apply for a secured card through Capital One. (they may offer unsecured with a very low limit, like $300)

[Anonymous]

heck take the $300 platinum and call it good. also, decisions aren't based off scores alone. also based on history and what's on your profile and all your accounts etc

[daddio530]

I have Kohls charge 3 months old with a $300 limit. Also have a Capital One auto loan I obtained right after bk discharged. I am hoping once student loan rehabilitation is updated on my credit report my score will raise.

[Anonymous]

check capital one's prequal site

[Anonymous]

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@daddio530 wrote:

I have Kohls charge 3 months old with a $300 limit. Also have a Capital One auto loan I obtained right after bk discharged. I am hoping once student loan rehabilitation is updated on my credit report my score will raise.

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If you have a car loan with Capital One and have paid on time for 5-6 months, they will very likely give you a Platinum card.

[daddio530]

Thanks for the advice. I will try capital one.

[juniornj23]

HEY well i was almos same as you 3 years ago  tons of collection late payment and charge off . Today im sit on 700cs and more than 35k on cc plus 3 auto loan, best advice is 

1- open a secure card used as cash pay in full 5 days before due day see when the bill cut and make a smal charge 5 dollars wait until the bill cut and doing again

2- try to get AU  from your mom 

3 wait 6 moths and app for cap 1 

now you have 3 card reporting  wait 6 moths  and app for a credit union like NASA,PENFED  appd for they card and do the same thing use then paying in full  you will see your credit score 

THE BEST THINGS YOU CAN DO TO FIX AND GET TO THE BIG BOYS IS GOING TO THE GARDEN AND UTL LESS THAN 9%