What do you think my approval odds are?

[Anonymous]

Okay, so I currently have two credit cards, one is a secured credit card with capital one with a limit of $200. Then I also have a capital one platinum with a $300 limit. I was told that i should apply for one or two more but I don't wnat to apply and get a hard inquiry on my reports because I currently have about 18 from when i was applying for student loans. Some will fall of through out the remainder of the year leaving me with about 9-10 and I applied for Discover students about a month or two and got declined but they sent me another offer along with these other companies called credit one. I just want to know the best advice. I maxed out one card a few weeks ago because I blew three tires and my bank account had been compromised because someone in New Jersey got a hold of my info and took out a few hundred dollars at some wal-mart. So I know i may get hit for HIGH utilization for that card, but a week after I was able to get access to my bank and pay it off immediately. I never am late on my payments except for once back in august of last year I was a week late on my car payment. I had one collection on my account because my mom put the cable in my name and didnt pay last bill or return the cable boxes, I paid that off last year in December after I was finally told that it went into collections. I have a car loan through snatander and I have been paying on that its payoff as of right now is at $15,000. I pay my phone bill on time, I pay my student loan repayment from Fed loans on time, and I actually have it all on automated drafting so that it is guaranteed to be paid on time.

My scores are below

Equifax 620

Trans 631

Experian 629

I am in college and I have been building my credit since Feb 2015.

If you need more info or have questions please let me know I just want to know the best thing to do.

[kuku4koco]

If Discover sent you a counter-offer... take it!  Stay away from Credit One... do a search on here about credit one and you'll figure it out.  Goodluck!

[Anonymous]

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@Anonymous wrote:

Okay, so I currently have two credit cards, one is a secured credit card with capital one with a limit of $200. Then I also have a capital one platinum with a $300 limit. I was told that i should apply for one or two more but I don't wnat to apply and get a hard inquiry on my reports because I currently have about 18 from when i was applying for student loans. Some will fall of through out the remainder of the year leaving me with about 9-10 and I applied for Discover students about a month or two and got declined but they sent me another offer along with these other companies called credit one. I just want to know the best advice. I maxed out one card a few weeks ago because I blew three tires and my bank account had been compromised because someone in New Jersey got a hold of my info and took out a few hundred dollars at some wal-mart. So I know i may get hit for HIGH utilization for that card, but a week after I was able to get access to my bank and pay it off immediately. I never am late on my payments except for once back in august of last year I was a week late on my car payment. I had one collection on my account because my mom put the cable in my name and didnt pay last bill or return the cable boxes, I paid that off last year in December after I was finally told that it went into collections. I have a car loan through snatander and I have been paying on that its payoff as of right now is at $15,000. I pay my phone bill on time, I pay my student loan repayment from Fed loans on time, and I actually have it all on automated drafting so that it is guaranteed to be paid on time.

My scores are below

Equifax 620

Trans 631

Experian 629

I am in college and I have been building my credit since Feb 2015.

If you need more info or have questions please let me know I just want to know the best thing to do.

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I would stay away from Credit One and go with the Discover offer. Secondly, go online to capital ones website and under services, select "credit limit increase', I can guarantee you 99.9% you will get an increase on your card. My girlfriend with scores in the ugly low 500s got a $300 Capital One card, within 3 months she was eligible for a credit limit increase. 

It is a soft pull, so you have nothing to worry about as far as an inquiry. Try the increase and report back!

[Anonymous]

Your scores are around what I have and you have a buckle and victoria secret were those hard to get? Cause i would love to get both if possible, and maybe have those help too. And I also her that the capital one journeys and quicksilver is also good would those also possibly be maybe in my approval range?

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@kuku4koco wrote:

If Discover sent you a counter-offer... take it!  Stay away from Credit One... do a search on here about credit one and you'll figure it out.  Goodluck!

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[Anonymous]

Okay, I will definitely go do that! Thank you for the info. And i applied for the discover card a month ago and was denied do you think that will make a difference now? 

Also how did you get to where you are now? I would love any advice possible

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@Anonymous wrote:

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@Anonymous wrote:

Okay, so I currently have two credit cards, one is a secured credit card with capital one with a limit of $200. Then I also have a capital one platinum with a $300 limit. I was told that i should apply for one or two more but I don't wnat to apply and get a hard inquiry on my reports because I currently have about 18 from when i was applying for student loans. Some will fall of through out the remainder of the year leaving me with about 9-10 and I applied for Discover students about a month or two and got declined but they sent me another offer along with these other companies called credit one. I just want to know the best advice. I maxed out one card a few weeks ago because I blew three tires and my bank account had been compromised because someone in New Jersey got a hold of my info and took out a few hundred dollars at some wal-mart. So I know i may get hit for HIGH utilization for that card, but a week after I was able to get access to my bank and pay it off immediately. I never am late on my payments except for once back in august of last year I was a week late on my car payment. I had one collection on my account because my mom put the cable in my name and didnt pay last bill or return the cable boxes, I paid that off last year in December after I was finally told that it went into collections. I have a car loan through snatander and I have been paying on that its payoff as of right now is at $15,000. I pay my phone bill on time, I pay my student loan repayment from Fed loans on time, and I actually have it all on automated drafting so that it is guaranteed to be paid on time.

My scores are below

Equifax 620

Trans 631

Experian 629

I am in college and I have been building my credit since Feb 2015.

If you need more info or have questions please let me know I just want to know the best thing to do.

---

I would stay away from Credit One and go with the Discover offer. Secondly, go online to capital ones website and under services, select "credit limit increase', I can guarantee you 99.9% you will get an increase on your card. My girlfriend with scores in the ugly low 500s got a $300 Capital One card, within 3 months she was eligible for a credit limit increase. 

It is a soft pull, so you have nothing to worry about as far as an inquiry. Try the increase and report back!

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[Anonymous]

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@Anonymous wrote:

Your scores are around what I have and you have a buckle and victoria secret were those hard to get? Cause i would love to get both if possible, and maybe have those help too. And I also her that the capital one journeys and quicksilver is also good would those also possibly be maybe in my approval range?

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@kuku4koco wrote:

If Discover sent you a counter-offer... take it!  Stay away from Credit One... do a search on here about credit one and you'll figure it out.  Goodluck!

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Victoria's Secret and Buckly I believe are store cards that are obtained via shopping cart trick. The advantage of this is is that it is not a hard pull, only a soft inquiry on your report.  You add a few items to your cart ($300-500) range, enter all your billing information as it appears on your credit reports and proceed to the shipping screen. Where it asks for payment, if your credit profile is worthy, you will get a popup similar to this:

QuicksilverOne from Capital One, you would need scores either in the high 500/low 600s for approval. My girlfriend was in the high 500s with multiple baddies and unpaid student loans, she got approved. 

[Anonymous]

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@Anonymous wrote:

Okay, I will definitely go do that! Thank you for the info. And i applied for the discover card a month ago and was denied do you think that will make a difference now? 

Also how did you get to where you are now? I would love any advice possible

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@If you applied for a card a month ago, I would wait til it's been at LEAST 60 days since you last applied. You may get auto declined if they see you've already applied a month ago.How did I get to where I am now? Well, I started off small with a $500 capital one credit card back in October 2014. I had and currently have 3 collections reporting and was able to get approved with scors in the high 500s. Once I had the card for 30 days, I applied for another Capital One card, same thing they gave me $500. 60 days after my 2nd card, I applied for a 3rd capital one card, got another $500. All of these cards today are @ $2000 each. After about 3-4 months of good history and rebuilding, I was approved for a few store cards. Throughout my rebuild, mind you, I was denied for SEVERAL cards which added a lot of INQ on my credit report. I was hungry for new credit and wanted to hurry up and fix my credit, so I went and applied recklessly for cards I probably would have no chance obtaining....don't make that mistake.

This takes time and things will not change overnight..you have to be patient and responsible, charge up on your cards and make multiple payments above the minimum. Show a lot of activity and the cards will reward you with increases. Once you've had several cards reporting at least 6 months, go try for another card. That way some of your accounts have aged and you've shown some history to future lenders...hope this helps

[Anonymous]

Okay, so then it is possible for me to have a chance for the capital one quiksilver one! Should I apply for this one or wait 6 months? I will wait like you said to apply for the discover card. Just like you said, i am too, wanting to improve my credit fast. I started below 580 credit for all of them and now am at what I listed above. I just want to improve my credit so when I go to finance a new car I get a low intesrest rate and approval chances. But i will listen to what you are saying and be patient.

Another question, how do store cards actually work? Are they just linked to your bank accounts?

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@Anonymous wrote:

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@Anonymous wrote:

Your scores are around what I have and you have a buckle and victoria secret were those hard to get? Cause i would love to get both if possible, and maybe have those help too. And I also her that the capital one journeys and quicksilver is also good would those also possibly be maybe in my approval range?

---

@kuku4koco wrote:

If Discover sent you a counter-offer... take it!  Stay away from Credit One... do a search on here about credit one and you'll figure it out.  Goodluck!

---

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Victoria's Secret and Buckly I believe are store cards that are obtained via shopping cart trick. The advantage of this is is that it is not a hard pull, only a soft inquiry on your report.  You add a few items to your cart ($300-500) range, enter all your billing information as it appears on your credit reports and proceed to the shipping screen. Where it asks for payment, if your credit profile is worthy, you will get a popup similar to this:

QuicksilverOne from Capital One, you would need scores either in the high 500/low 600s for approval. My girlfriend was in the high 500s with multiple baddies and unpaid student loans, she got approved. 

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[Anonymous]

Would you suggest me apply for the quicksilverOne? Then i will have a total of three cards

@Anonymous wrote:

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@Anonymous wrote:

Okay, I will definitely go do that! Thank you for the info. And i applied for the discover card a month ago and was denied do you think that will make a difference now? 

Also how did you get to where you are now? I would love any advice possible

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@If you applied for a card a month ago, I would wait til it's been at LEAST 60 days since you last applied. You may get auto declined if they see you've already applied a month ago.How did I get to where I am now? Well, I started off small with a $500 capital one credit card back in October 2014. I had and currently have 3 collections reporting and was able to get approved with scors in the high 500s. Once I had the card for 30 days, I applied for another Capital One card, same thing they gave me $500. 60 days after my 2nd card, I applied for a 3rd capital one card, got another $500. All of these cards today are @ $2000 each. After about 3-4 months of good history and rebuilding, I was approved for a few store cards. Throughout my rebuild, mind you, I was denied for SEVERAL cards which added a lot of INQ on my credit report. I was hungry for new credit and wanted to hurry up and fix my credit, so I went and applied recklessly for cards I probably would have no chance obtaining....don't make that mistake.

This takes time and things will not change overnight..you have to be patient and responsible, charge up on your cards and make multiple payments above the minimum. Show a lot of activity and the cards will reward you with increases. Once you've had several cards reporting at least 6 months, go try for another card. That way some of your accounts have aged and you've shown some history to future lenders...hope this helps

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[OmarGB9]

You would *probably* get approved for a quicksilver, but of course it's not guaranteed. Also, you'd probably only get like a $300-$500 limit at the highest APR possible. So it's your call if you want to pull the trigger now, but I would wait and let your scores improved in order to have better approval odds/starting limits/lower APR.