pre-approval questions

[Anonymous]

Hi everyone,

I’m new to the boards. After seeing my FICO Scores today they suggest I get a credit card in my name to raise my scores. Currently my FICO Scores sit from 575-622. Where do I start to see what credit cards I’m pre-approved for? I’m totally clueless and have been searching the forum but I’m in information overload at the moment.


Thanks!

[Anonymous]

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@Anonymous wrote:
Hi everyone,

I’m new to the boards. After seeing my FICO Scores today they suggest I get a credit card in my name to raise my scores. Currently my FICO Scores sit from 575-622. Where do I start to see what credit cards I’m pre-approved for? I’m totally clueless and have been searching the forum but I’m in information overload at the moment.


Thanks!

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Welcome to the forum!

You can start with the Discover, Capital One and Amex pre-qualification

pages. They are soft pulls, so no hard inquiries will be generated on your

reports. That should give you a much better idea of your credit card options

that will help get you off the ground. Please check back with us and keep us

posted on your progress. Good luck!

[Anonymous]

Thanks for the response and pardon my ignorance, but do I just go to each individual website and fill out the pre-qualification?

I certainly will keep you posted. So far this month I’ve had 5 delenquincies from a past divorce dropped from my credit report. Too bad my FICO Scores aren’t the same as my credit Scores! LOL.

[Anonymous]

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@Anonymous wrote:
Thanks for the response and pardon my ignorance, but do I just go to each individual website and fill out the pre-qualification?

I certainly will keep you posted. So far this month I’ve had 5 delenquincies from a past divorce dropped from my credit report. Too bad my FICO Scores aren’t the same as my credit Scores! LOL.

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The short answer is Yes. Just go to each company's home page

and locate the pre-qualification link. When the pre-qual page pops up,

just fill out the information and it will let you know what cards if any

you are pre-qualified for. Pre-quals are not the same as approvals.

But like I said, this will give you an idea of which cards you're best

positioned to get right out of the gate.

[Anonymous]

Thanks. Looks like I’m preapproved for a discover secured credit card. It’s a start!

[austingal]

I bet Capital One will approve you for something.

[Anonymous]

I tried them and AMEX and neither could find offers for me.

[Anonymous]

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@Anonymous wrote:
Thanks. Looks like I’m preapproved for a discover secured credit card. It’s a start!

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How right you are. You're off to a great start!

And this might sound redundant, but the key

to a great start is getting started. So please don't

let the fact that Discover pre-qual'd you for a secured

card discourage you in any way. They're giving you a

chance to prove how responsibly you manage credit lines,

so take full advantage of it.

In addition, I recommend that you do a general search in

the forum for the AZEO method to credit card management.

Thanks again for sharing, and please keep us posted on

your progress!

[austingal]

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@Anonymous wrote:
I tried them and AMEX and neither could find offers for me.

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If you qualify for membership I bet Navy Federal Credit Union would approve you for their secured card. That is what I started with and it unsecured after one year and they have given me auto CLIs to where I now have a $3000 limit. I started with a $500 deposit (I think that's their minimum).

To qualify for membership you need to have some sort of military ties (from any branch) such as yourself, a spouse, parent, roommate etc who either is currently in the military or has been at some time in the past. In my case my dad was in the Air Force as a young man. I have heard of someone qualifying because his uncle (or maybe great uncle) had been in the military at some point and he was able to get a copy of his discharge papers by ordering it online.

This card has a low interest rate for a rebuilder card and it's also a rewards card.

[Anonymous]

Good luck, Alaina.