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Capital 1

prettyg31
Established Member

Capital 1

What are my chances of getting approved for a Cap1 card, if I have 2 unsettled cards due to past situations and my score is on the mid 500s?
Message 1 of 11
10 REPLIES 10
simplegirl
Valued Contributor

Re: Capital 1

You could probably get a secured card but I would wait for someone more seasoned to answer.







Starting Score: 494 503 521
Current Score: 503 507 507 2/19
Goal Score: 680


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Message 2 of 11
badicedog
Contributor

Re: Capital 1

I think you have answered your own question.  CAP 1 does have a secured card for credit builders but I beleive your scores have to be in the 600's.  I could be wrong though.  Good LUCK

Message 3 of 11
prettyg31
Established Member

Re: Capital 1

I have a secured card, however, I wanted one that can grow with me.
Message 4 of 11
prettyg31
Established Member

Re: Capital 1

Actually I got approved for a secured with 560 score, I believe
Message 5 of 11
simplegirl
Valued Contributor

Re: Capital 1

I would settle those cards & see about getting them removed because with your scores you would pretty much be able to get mostly secured cards. Secured cards can grow into unsecured. Citi secured card can unsecure in 18 months with on time payments. So unless you want to try the ones that can pre qualify you or take a hard pull which most likely result in a denial for unsecure cards.







Starting Score: 494 503 521
Current Score: 503 507 507 2/19
Goal Score: 680


Take the myFICO Fitness Challenge





Goals:

Get First Home in Summer 2025
Message 6 of 11
prettyg31
Established Member

Re: Capital 1

Thank you
Message 7 of 11
FireMedic1
Super Contributor

Re: Capital 1


@prettyg31 wrote:
What are my chances of getting approved for a Cap1 card, if I have 2 unsettled cards due to past situations and my score is on the mid 500s?

Who are the other cards with? What do you mean by unsettled. Charge off?

Message 8 of 11
prettyg31
Established Member

Re: Capital 1

The secured card is with Cap 1. They are charged off but not reported on my credit as a collection.
Message 9 of 11
cali_alli
Frequent Contributor

Re: Capital 1

I got approved for an unsecured capital one card with my current scores (in signature) AND three unpaid CO with capital one at exactly the one year mark from my delinquency. They are very lenient and forgiving.
March 2018 - EX: 419 EQ: 456 TU: 423
February 2019 - EX: 537 EQ: 547 TU: 509
March 2019 - EX: 625 EQ: 555 TU: 579
April 2019 - EX: 640 EQ: 637 TU: 642

May 2020 - EX: 690 EQ: 688 TU: 700
Message 10 of 11
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