@Anonymouswrote:
That is not a pre-qual though, just a recommendation. You may want to hold off a bit and keep checking back.
I recommended cap1 cause their easier to get in with starting off, compared to amex, chase, disc, etc...
Quicksilver gives cash back/w annual fee.
Platinum doesn't give cash back, no annual fee.
I noticed the glitch too, when i clicked on my email it said message isn't here 🤔
We went and re-did the pre-qual link just to see the exact verbiage again since my original post disappeared and I can apparently post images now..
Cap One's response:
.. is this a real, firm offer or what?
The one from capital one should be a firm Prequalified offer. But with no credit nothing is for sure. Even with credit history you can still be denied.
BoA is just marketing. Don’t pay attention to it.
Bert bet is capital one that you posted or wait if not wanting to go secured route
BoA is just marketing. Don’t pay attention to it.
Bert bet is capital one that you posted or wait if not wanting to go secured route
She’s most likely on credit steps so 5 on time monthly payments and they will give her a CLI. Probably $500ish
Some apps allow for household income and some don’t. You need to read the fine print.
I would just use her income. If it’s over 30K it’s normally sufficient for credit lines of 5-10k provided she doesn’t have multiple credit lines with that which she doesn’t at this time.
I think companies are going to be more worried about the lack of history at this point so if she makes over 30k by herself. I wouldn’t worry about including your income
I would just use her income. If it’s over 30K it’s normally sufficient for credit lines of 5-10k provided she doesn’t have multiple credit lines with that which she doesn’t at this time.
I think companies are going to be more worried about the lack of history at this point so if she makes over 30k by herself. I wouldn’t worry about including your income
@Anonymouswrote:Hello friends,
As of December 2017, my wife had NO CREDIT. As in, an empty credit report with score of 0. No history what so ever. (Yes, I married a virgin. lol)
We went to Kay Jewelers. She app'd for credit and was approved for $300, but her account had a special requirement of 20% down on any financed purchase. We purchased a ring and I went ahead and paid for most of it up to an even whole amount and financed the difference below $300 -- a total of $270.49 was placed on the card. The first payment of $30 was due 2/16. I paid $50 on 2/11 bringing the balance to $220.49 (74% util).
Waited for next statement to cut on 2/20 and report to bureaus on 2/21.
App'd for Discover IT - declined. (Still haven't received denial letter!)
Next payment of $30 was due 3/16. I paid $76.30 on 3/10. This brought balance to $150 (50% util). Statement is about to cut again and report by Thursday.
She now has 2 HPs, one of which could be interpreted as a possible new account not reported yet. Should we wait to app for another card or is she safe to go ahead and try again? I've read a lot here trying to help her out and seeking advice for those new to credit.. most say 3 cards to start, even if you're declined for one or two along the way.
I haven't paid the Kay card off because I wanted her to be able to show an "ability to pay" / responsible use (payments over time), and figured I would pay the card down in incremental payments of $50-75. Is this the right route to take?
What are the best cards for her to app for? ..and when should she try again?
1. Pay off the Kay card.
2. No more store cards.
3. Wait until she has a FICO score.
4. Once she has a FICO score we will all be in a better position to advise her on what next card to apply for.
5. If she really wants another card now, my suggestion would be to apply for ONE secured card, preferably with a credit union.
@Anonymouswrote:
@Shadowfactorwrote:
The one from capital one should be a firm Prequalified offer. But with no credit nothing is for sure. Even with credit history you can still be denied.
BoA is just marketing. Don’t pay attention to it.
Bert bet is capital one that you posted or wait if not wanting to go secured route@Anonymous for QS One @ $300 / 24.99%
OK good. Now she should make no new applications for 6 months.