Recon the Discover-- the only thing you can do is that and work on getting your Capital One with a higher limit & eventually get it unsecured. If denied for Discover, I don't know that many others to try for. I'll leave that to others, but definitely recon the Discover on Monday.
@QVHick wrote:I am currently 24 years old. My TU score is 621 (FICO) and my Experian is 633. I am rebuilding my credit and currently show 2 accounts in collections. They were from 2009 when I was young and dumb, however the date on my reports shows 2012. I disuputed this with the credit agency and they said the charge would drop off in 2016, but the date never updated back to 2009. I only currently have one CC. It's a Capital One Secured Card with a $211 limit. Other than that, I have about $55,000 in student loans (just graduated) and make $70,000 a year currently. What should I do? I applied for a Discover IT card today and was denied. I absolutely need a new(ish) vehicle in the next 4 months, so I'm trying to build my score a bit. Any help is appreciated. Thanks.
Your collections are the cause of your denial(s). Take care of that issue before you apply for any other cards. One suggestion: Increase the amount of your current secured card by whatever amount you choose. MAYBE, apply for another secured card...I've heard SDFCU is a simple process; read here: http://ficoforums.myfico.com/t5/Credit-Cards/SDFCU-Secured-card-best-card-out-there-I-think/td-p/197.... Other than that, work on resolving those collections and let your current and SDFCU secured cc (if you apply) age. Once everything is settled and cleared with collections and ~12mo. of aging, you should be ready to apply for unsecured cc's.
Now, I'm sure someone else will come along with other options so hang tight...
@QVHick wrote:I am currently 24 years old. My TU score is 621 (FICO) and my Experian is 633. I am rebuilding my credit and currently show 2 accounts in collections. They were from 2009 when I was young and dumb, however the date on my reports shows 2012. I disuputed this with the credit agency and they said the charge would drop off in 2016, but the date never updated back to 2009. I only currently have one CC. It's a Capital One Secured Card with a $211 limit. Other than that, I have about $55,000 in student loans (just graduated) and make $70,000 a year currently. What should I do? I applied for a Discover IT card today and was denied. I absolutely need a new(ish) vehicle in the next 4 months, so I'm trying to build my score a bit. Any help is appreciated. Thanks.
Your profile CANNOT be perfected in 4 months,
what you CAN do, to increase your scores, is to make on-time paymenus on your student loans.
apply for a bank credit card (secured or not). As for your Capitol 1 card, add more ca$h to increase your credit line.
