Ugh! Cap One just won't budge

Anonymous · ‎09-15-2015

Hey all, I am at my wit's end with Cap 1. No luck with recon, I've lost count now. Any advice? Or are my scores(in my siggy) just too low for them?

I understand it's not ALL about your score but I've seen others get low-limit approvals with more damaging files than mine. What gives?

I have two USAA secured cards and wanted to add one unsecured card to the mix. I applied for the Navy Fed nRewards but was denied. I really don't want to tie up anymore money in secured cards.

I got approved for and unsecured Credit One, but I've read far too many horror stories about them. I've also read that cards like Credit One, First Premier, etc. will be indications to future UWs that you've had problems in the past. Any advice is greatly appreciated.

Anonymous · ‎09-15-2015

@Anonymous wrote:
Hey all, I am at my wit's end with Cap 1. No luck with recon, I've lost count now. Any advice? Or are my scores(in my siggy) just too low for them?

I understand it's not ALL about your score but I've seen others get low-limit approvals with more damaging files than mine. What gives?

I have two USAA secured cards and wanted to add one unsecured card to the mix. I applied for the Navy Fed nRewards but was denied. I really don't want to tie up anymore money in secured cards.

I got approved for and unsecured Credit One, but I've read far too many horror stories about them. I've also read that cards like Credit One, First Premier, etc. will be indications to future UWs that you've had problems in the past. Any advice is greatly appreciated.

What makes up your current scores? (Negatives) Unfortunately one glance at your scores suggests that unsecured (besides the usual suspects (C1, FP, CF) will be a hard sell. Give it time as credit is a marathon, not a race.

TuffTurkey · ‎09-15-2015

Attack your Negatives effecting your credit score and your report first. Anything right now will just increase inquires for denials and that looks alarming to some lenders. Especially if those are your current scores and have negatives that are holding them down.

CreditCuriosity · ‎09-15-2015

Only advise is attack what is bad on your profile being dispute, PFD or just pay it off so you don't get any judgements against you (assuming you still have CA, CO's) and of course time as stated credit is a very very long marathon.

The rebuilding section of this forum is a very valuable resource you should look into.

Anonymous · ‎09-15-2015

I have begun that process and it has been great thus far. I actually got the advice of a 3rd card from many of the 6000+ plus threads I have read here and an additional 7-8000+ threads I have read elsewhere, I have definitely been doing my homework.

I fully understand that this process takes a lot of time and patience, however, the above scenario is advice that I am following. Thanks for the advice you all

Anonymous · ‎09-15-2015

@TuffTurkey wrote:
Attack your Negatives effecting your credit score and your report first. Anything right now will just increase inquires for denials and that looks alarming to some lenders. Especially if those are your current scores and have negatives that are holding them down.

So far my credit repair journey has been going quite well, a lot has been removed and I am now tackling my medical and PFDs. I was just following advice that I was personally given from those more experienced than me. I am not in a rush, which is why I prefer to recon, rather than app wrecklessly. I'll just have to let my reports update completely before pursuing any new credit. Thanks for the advice

Anonymous · ‎09-15-2015

i cant complain with creditone... yes i paid a 75 AF but after 45 days my limit went up a little from 400 to 550. its reporting to all 3 bureaus and the idea that a uw could see i had credit problems in the past.... i think the discharged bk speaks volumes on that level.

woodsie1 · ‎09-15-2015

Did u ever burn cap one of the old HSBC cards? I've seen others get in with similar scores for an unsecured platinum... Good luck.

Starting scores TU: 537 EQ: 571 Current Scores 8/2015 TU:641 EQ: 641EX: 643

4000

3600

3000

6200 VS: 2450 NY&CO: 2320

Anonymous · ‎09-15-2015

@woodsie1 wrote:
Did u ever burn cap one of the old HSBC cards? I've seen others get in with similar scores for an unsecured platinum... Good luck.

Nope, never had any CCs until now(2 secured). Maybe that's what it is? Idk, this credit thing can be so unpredictable. I'll just chill for now, and try again when my disputes take effect.

Anonymous · ‎09-15-2015

@Anonymous wrote:
@woodsie1 wrote:
Did u ever burn cap one of the old HSBC cards? I've seen others get in with similar scores for an unsecured platinum... Good luck.
Nope, never had any CCs until now(2 secured). Maybe that's what it is? Idk, this credit thing can be so unpredictable. I'll just chill for now, and try again when my disputes take effect.

Correction, I've had 3 secured cards, 2 currently open. All through my banks, never had any of the others.