So I joined here just about 6 months ago , when indeciddd to look into my credit and found I was actually able to get the Capital One Platinum MC. I spent hours reading all of your helpful advice and experiences, so thank you!
I was shocked that I got a Capital One CAR’s when I had a 560 credit score, and a charged off account with them for $500. The items on my report were a few student loans in default, & 3 charge offs / collections. Also I had 2 cards that I was an authorized user on since 2008, which I think helped me get approved with Capital One to begin with.
So they started me at $1,000 limit with my measly 560 score. Now, 6 months later, I got an email that I received an automatic credit line increase ! They gave me a $3,000 bump!! So now I have a $4,000 credit card! I have been following your advice , I sometimes charged $300 (30% util) but always paid in full each month! I’m so excited.
So I went from a 560 Experian Fico score, with 0 credit in my own name, to having a 642 score with $4500 in available credit. I also got a prequal for VS after trying many times while shopping. I gave up, and then when I was making a purchase I got a pop up after logging into PayPal offering me a $500 loc. I only took it bc I believed it was a soft pull, but it was a hard pull with only my last 4 of my social. Oh well .. at that point it was 50% of my highest CC so it wasn’t an awful amount.
Just saying I made those improvements without getting anything deleted off of my report yet! That is the next step, to figure out where to see my report with the dates that items will be deleted because Experians website all 3 bureau’s don’t have DoD’s. So thanks everyone & anyone reading this stressing over what they could do, it is possible to make progress. These 6 months flew by and now I’m on my way to getting my car & credit act together
I was shocked that I got a Capital One CAR’s when I had a 560 credit score, and a charged off account with them for $500. The items on my report were a few student loans in default, & 3 charge offs / collections. Also I had 2 cards that I was an authorized user on since 2008, which I think helped me get approved with Capital One to begin with.
So they started me at $1,000 limit with my measly 560 score. Now, 6 months later, I got an email that I received an automatic credit line increase ! They gave me a $3,000 bump!! So now I have a $4,000 credit card! I have been following your advice , I sometimes charged $300 (30% util) but always paid in full each month! I’m so excited.
So I went from a 560 Experian Fico score, with 0 credit in my own name, to having a 642 score with $4500 in available credit. I also got a prequal for VS after trying many times while shopping. I gave up, and then when I was making a purchase I got a pop up after logging into PayPal offering me a $500 loc. I only took it bc I believed it was a soft pull, but it was a hard pull with only my last 4 of my social. Oh well .. at that point it was 50% of my highest CC so it wasn’t an awful amount.
Just saying I made those improvements without getting anything deleted off of my report yet! That is the next step, to figure out where to see my report with the dates that items will be deleted because Experians website all 3 bureau’s don’t have DoD’s. So thanks everyone & anyone reading this stressing over what they could do, it is possible to make progress. These 6 months flew by and now I’m on my way to getting my car & credit act together
Congrats!
Cap One can be very generous and forgiving.
Sometimes you have to open new accounts to get better CLs, but generous never the less.
Keep using, keep paying, keep growing.
GL!
@Anonymous wrote:
So I joined here just about 6 months ago , when indeciddd to look into my credit and found I was actually able to get the Capital One Platinum MC. I spent hours reading all of your helpful advice and experiences, so thank you!
I was shocked that I got a Capital One CAR’s when I had a 560 credit score, and a charged off account with them for $500. The items on my report were a few student loans in default, & 3 charge offs / collections. Also I had 2 cards that I was an authorized user on since 2008, which I think helped me get approved with Capital One to begin with.
So they started me at $1,000 limit with my measly 560 score. Now, 6 months later, I got an email that I received an automatic credit line increase ! They gave me a $3,000 bump!! So now I have a $4,000 credit card! I have been following your advice , I sometimes charged $300 (30% util) but always paid in full each month! I’m so excited.
So I went from a 560 Experian Fico score, with 0 credit in my own name, to having a 642 score with $4500 in available credit. I also got a prequal for VS after trying many times while shopping. I gave up, and then when I was making a purchase I got a pop up after logging into PayPal offering me a $500 loc. I only took it bc I believed it was a soft pull, but it was a hard pull with only my last 4 of my social. Oh well .. at that point it was 50% of my highest CC so it wasn’t an awful amount.
Just saying I made those improvements without getting anything deleted off of my report yet! That is the next step, to figure out where to see my report with the dates that items will be deleted because Experians website all 3 bureau’s don’t have DoD’s. So thanks everyone & anyone reading this stressing over what they could do, it is possible to make progress. These 6 months flew by and now I’m on my way to getting my car & credit act together
Congratulations on the CLI. Cap One tends to be very forgiving and let people back in... Have you actually gotten any FICO scores yet?
Yep you have an Experian FICO score =)
Can get a free one monthly and put you on Discovers radar with no HP..... (creditscorecard) monthly ..... (still might be useful to do this because unless your paying for a service, you could time the pull from Discovers service to be at a different time of the month to watch for changes .... remember the first time you sign up, is when they do the first pull...
https://www.creditscorecard.com/
You really don't want to go get a bunch of store cards... it can backfire... just say NO to SCT =) Esp with that Cap One limit.. you want it to post the updated CL to your reports and that can take a little time... But after that.. You could go for one card.. (thinking Disco if youd like one.. ) and/or sit tight until the end of year with what you have... Still not in a place you want to do multiple apps.. Also will give you some time to try to work on the baddies...
Good luck
-J
