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For other rebuilders...shocking Cap1 approval.

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Regular Contributor

For other rebuilders...shocking Cap1 approval.

I have a rebuilder post in the Rebuilding Forum but thought I'd share a recent approval.  My current scores are TU 584 and EQ 545 (from this site).  I have recent charge off's and collections (last year).  I wanted to find out my EX score and saw that Cap1 pulls Ex on another post.  With creditors who deny credit supposedly giving out scores now, I app'd thinking for sure I'd be declined.  I was approved for their Cash Rewards card and a $500 limit.  So, I still don't know what my EX score is. 

 

Guess you shouldn't always assume you'll be declined. 


Starting Score: 7/12/11 TU 584 EQ 541
Current Score: 05/12 TU 688 TU (WM) 716 EQ 683
Goal Score: 720

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Message 1 of 15
14 REPLIES 14
Regular Contributor

Re: For other rebuilders...shocking Cap1 approval.

No you shouldn't.  Kind of a nice backfire in your favor though!


Starting Score: 547
Current Score: 632 EX, 592 TU, 580 EQ (Lender Pulled 9/8/11)
Goal Score: 620


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Message 2 of 15
Mega Contributor

Re: For other rebuilders...shocking Cap1 approval.


@tjmmp56 wrote:

I have a rebuilder post in the Rebuilding Forum but thought I'd share a recent approval.  My current scores are TU 584 and EQ 545 (from this site).  I have recent charge off's and collections (last year).  I wanted to find out my EX score and saw that Cap1 pulls Ex on another post.  With creditors who deny credit supposedly giving out scores now, I app'd thinking for sure I'd be declined.  I was approved for their Cash Rewards card and a $500 limit.  So, I still don't know what my EX score is. 

 

Guess you shouldn't always assume you'll be declined. 



That approval cost you 3 INQ's as Cap1 pulls all 3 CR's. Congrats!




EQ FICO 548 3/3/16
Message 3 of 15
Regular Contributor

Re: For other rebuilders...shocking Cap1 approval.

Not a big deal unless your hard inquiry happy.  Just lay low for the next few months and don't apply for anything else.


Starting Score: 547
Current Score: 632 EX, 592 TU, 580 EQ (Lender Pulled 9/8/11)
Goal Score: 620


Take the FICO Fitness Challenge

Message 4 of 15
Contributor

Re: For other rebuilders...shocking Cap1 approval.


@rescueman451 wrote:

Not a big deal unless your hard inquiry happy.  Just lay low for the next few months and don't apply for anything else.



I wonder if there is a record for how many inq's one has within 2 years? lol I think my top is like 35 maybe 40 within 2 years.

Message 5 of 15
Established Member

Re: For other rebuilders...shocking Cap1 approval.

Why did you have so much?

 

40 hard pulls? I hope thats not for applying for too many credit cards...and here I thought my 6 inquiries is too much.

Message 6 of 15
Contributor

Re: For other rebuilders...shocking Cap1 approval.


@darklabel wrote:

Why did you have so much?

 

40 hard pulls? I hope thats not for applying for too many credit cards...and here I thought my 6 inquiries is too much.



Prolly at least 10 maybe 15 were for my refinance last year to a lower interest rate. 5 were for utility changes such as phone, internet ect. rest were CC or CLI requests.

Message 7 of 15
Valued Contributor

Re: For other rebuilders...shocking Cap1 approval.

Congrats on the new card!  They really helped me out and I'll always carry one of their cards because of the no foreign transaction fees.

11/30/08 TU 648 EX 672 EQ 656 SEPT 2014 TU 787 EX 789 EQ ???
Amex BCP $24.1K/Clear $8.5- Sallie Mae $27.5 -Cap One QS $7.5 - Chase Freedom $7.5/United $5k/CSP $20k/Ink- Citi DP $9.5/Dividend $13k/HHHx2 $15k/16.4/Reserve $4.5k Best Buy $1940 HD $1701- Discover IT $15k - Elan $8k GEMB Lowes $20k - Macy's $2k - Kohl's $800




Starting Score: 648
Current Score: 736
Goal Score: 765


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Message 8 of 15
Regular Contributor

Re: For other rebuilders...shocking Cap1 approval.

Congrats but thats lot of inquiries, wait for some time and let your account age

Message 9 of 15
Valued Member

Re: For other rebuilders...shocking Cap1 approval.

I may be wrong, but isn't the OP still entitled to recieve a free score from Cap 1? I thought I read somewhere that you can request the score to explain why you recieved the credit limit you did (argument being that you were denied a high credit limit, so want to know the score that caused this denial).

AMEX Zync (NPSL) | AMEX SPG ($5,600) | BoA Cash Rewards ($5,000) | WF Visa ($5,000)
Message 10 of 15
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