Secured Card Approval Stats

[Anonymous]

Couldn’t find a thread, so starting one for general stats and approvals. It seems rebuilders are hunting for info.

One day app spree:

CapOne - $500 SL

Citi - $400 SL

First Progress - $500 SL

First Premier - $200 SL

TU & EQ: 500 FAKO

EX: 490 FICO

5 open collections

[spiritcraft1]

Let's keep this thread going!

Discover IT Secured Approved 10-18  $1,000.00

546 FICO  Pulled EX

(3) collections, (8) 4.5 year old CO's

NFCU nRewards Approved 9-16 $1,000.00

480 FICO 09, Pulled EQ

(3) collections, (8) 2.5 year old CO's

[19eighty5]

Congratulations on your approvals!

[biglista88]

Citi secured instant approved on 10/18, 300$SL pulled EX506 FICO. US bank secured apped on 10/06 , pulled TU 494 FICO, given 7-10 day message. Funds withdrawn from account on 10/16. Official approval for US bank skypass secured 300$SL10/22. 4 open collections currently and 2-1/2 years post chapter 7.

[spiritcraft1]

This denial might save someone a hard pull in the future

Denied 9-2018:

Corporate American Family CU Secured Card

579 TU FICO, Hard Pull

Stated that I would need to clear up all derogs first.  I would be in the upper 700s at that point.

This taught me to call first and ask about requirements!  Useless for rebuilders, do not waste a HP.

[calyx]

Opensky Approved $500 6/30/2018

No pull

4 collections
I chose Opensky because I had been straight up declined or not-preapproved for other secureds (Cap1, Disco, etc).

US Bank Approved $500 8/8/2018

583 EQ/586 TU FAKO - Pulled EQ

3 collections

 
Citi App'd 9/6/2018  approved 10/3/2018  $1000

FICO: 610 EX/657 EQ/607 TU, Pulled EQ and EX

2 -120 late; 0 collections

Discover It - 9/28/2018 SL: $1400

FICO: 652 EX/655 EQ/640 TU; Pulled EQ

2 -120 late; 0 collections

Went to apply for secured for my third card but the prequal site gave me unsecured (huzzah!)

Citi was weird - I have a fraud alert on my file (one of the previous collections I had taken off was a fraudulent account), so they called and left a code for me to call them back with to verify my identity.   When I called back to give them the code, they told me I was denied.  My denial letter stated failure to verify my identity.  I called them back to ask what they needed since the code wasn't enough.  They asked for the code again (thank goodness for journaling!) and said I was approved.   Got the email with approval, instructions on funding the secured account and was good to go after that.

[Anonymous]

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@calyx wrote:

US Bank Approved $500 8/8/2018

583 EQ/586 TU FAKO - Pulled EQ

3 collections

 
Citi App'd 9/6/2018  approved 10/3/2018  $1000

FICO: 610 EX/657 EQ/607 TU, Pulled EQ and EX

2 -120 late; 0 collections

Discover It - 9/28/2018 SL: $1400

FICO: 652 EX/655 EQ/640 TU; Pulled EQ

2 -120 late; 0 collections

Went to apply for secured for my third card but the prequal site gave me unsecured (huzzah!)

Citi was weird - I have a fraud alert on my file (one of the previous collections I had taken off was a fraudulent account), so they called and left a code for me to call them back with to verify my identity.   When I called back to give them the code, they told me I was denied.  My denial letter stated failure to verify my identity.  I called them back to ask what they needed since the code wasn't enough.  They asked for the code again (thank goodness for journaling!) and said I was approved.   Got the email with approval, instructions on funding the secured account and was good to go after that.

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Your score jumps are beautiful. Fingers crossed for that kind of magic.

[calyx]

Thanks!  It's a testament to going through your report with a fine toothed comb.    I'm fortunate enough to make enough money to pay cash for things (post divorce my credit took a hit and I just gave up on it), but unfortunate enough to not have realized til now that I really needed to rebuild a credit profile.    Now for the slow march to better scores and cards

[spiritcraft1]

Wife was just approved for a $1,000 FNBO Secured Card.  Applied Friday, and received an email today stating card would arrive in 7-10 days.  Money has not beeen taken as yet.  Six days total for approval.

Data Points

Pulled EX Immediately:  570 FICO 08

3 Collections, one newer two 2.5 years old. ( each 2.5k to 4.5k)

6 charge offs, 4.75 years old.

2 years of on time payments on NFCU Secured Card and new paid down to 8% SSL

[Anonymous]

10/20/18 approved for Credit One unsecured with $300 limit, Fico8 scores at the time were EX 541 / TU 490 / EQ 555.

11/16/18 was approved for Discover secured $200 limit, they pulled EX score 575.

I was discharged from ch 7 bk on 10/12/18.