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Is there a credit card I just recently came back from
vacation and am going on
another in approximately two
weeks, where extra funds would
be nice to have. I am curious
to know if there is a
legitimate (key word) online
credit card application that
doesn't take 30 days to give a
response.
And if there is, what is the
website?
Thank you all for all of your
help. I went with Capital One.
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Try CapitalOne....I just was approved for a 500.00 limit after a discharged bankruptcy in 2/08 and was surprised at my limit, after 5 months good pays, I'll get increased to 750.00 I did the application online at www.capitalone.com and was approved within minutes, got the card about 3 or 4 days later. Good Luck!! |
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Will a credit card application I'm closing on a house
tomorrow. Will my credit card
application that went through
today (rejected, btw) affect
anything tomorrow? Or is it
safe to assume all of the loan
stuff is pretty much done, we
just have to sign the papers?
I have no credit history.
We're signing the papers
tonight, but since it's after
business hours they said it
won't go through until
tomorrow. Does this make any
difference?
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It is not safe to say that everything is done and you very well could have prevented yourself from obtaining a loan. You need to contact your L.O. right away and explain what you have don and that it was declined. This way they can give the information to the under writter to show your good will at being transparent in the loan process. It is always a mistake to apply for any form of credit while you are trying to obtain a home loan. If you really want to have a chance to buy a home do not do anything that will change the parameters given that you obtained your loan pre-approval on. |
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How will I know if my Credit I applied for chase credit
card one month ago and no
response I got. There is some
error in my e-mail id. So
anybody know how will I know
if my Credit Card application
has got approved?
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The company you applied to you will tell you! The way they do this (e-mail and/or post) will vary depending on the company. Invariably, if you apply online, you'll get a response by e-mail or a method to log on to the company's site and securely view the status of your application. If you applied by phone/post - you'll get a letter. Either way, if you suddenly get a credit card in the post, the answer is pretty obvious! |
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What should I do if my credit I just tried submitting an
online application for Capital
One after receiving an offer
in the mail but it was denied
right away. I read somewhere
that your credit score can be
lowered from getting denied
from too many. It's my first
time trying to get one so I'm
not sure what I'm supposed to
do. How am I supposed to know
which ones will deny my
application? What should my
next step for getting a credit
card be?
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I had to star this question as interesting because I deal with this everyday at my job. I have to make decisions to either approve or deny people for credit, so my heart goes out to you. I understand that bad things do happen to good people sometimes and most times I try to give the benefit of the doubt and try to allow the least possible. You are correct that anytime you apply for credit whether you're approved or not, a "hard inquiry" is created which can lower your score 5-10 points each time. So it's important to be real selective about where and how often you apply for credit. So, I can give you some inside advice on what you should do from here on out. You are entitled to a free credit report since you got denied for credit. I would definitely get it by all means. This way, you can see where you stand as far as who and how much you owe. As a matter of fact, you should also check for any inaccuracies as well. I've denied people for mistakes on their report, and later on, approve them, so I know it's possible. If you're really needing a credit card, my suggestion would be to check with your bank to see if secured credit cards are offered. The main difference between regular and secured cards are that a collateral deposit is required for a secured card, which determines the limit. For example, you deposit $300, your credit limit is $300. A secured credit card helps you understand how to discipline yourself when it comes to credit cards, because since you're putting up the deposit, you have something at stake. Also, the deposit is usually linked to a savings account which can gain interest while credit is established, so the deposit isn't just sitting there. Also, another benefit is that the credit line can be increased by adding to the deposit. So you can think of it as establishing credit with your own money by custom building a credit card. A good way to use the card to build credit but not go into debt would be to make very small purchases ($10-20) and pay it off on time every month while adding to the deposit to increase the credit line which can help your credit because it not only shows responsibility with high limits, it creates a cushion between the total debt you have and your available credit. People don't realize that you don't have to go into debt, in order to build credit. You can build credit by just buying little stuff that you normally would every month, and pay the credit card off every month. By keeping the balance paid off on time, usually after a year, the card upgrades to a regular card, and most importantly the deposit isn't needed and it's given back to you, which you could use to start an emergency fund, or repeat the process with another secured card if you like. I'm sorry that I didn't come across your application, chances are I probably would've approved you, who knows? But I provided some information that should help you out, including several links below to some secured card companies. I thank you for reading and good luck! |
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What is the punishment for I'm underage (16) and I got to
thinking about people my age
who have credit cards (and not
with their parents
account/consent). They've lied
about their age on the
application. Is there any
punishment for this? Does
anyone find out? Could a minor
really get into trouble for
this? Can't you just pay off
the card?
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Potentially the card company could take legal action for obtaining money under false pretences. However, I would consider it massively unlikely they would bother bringing a civil action against a minor as long as they got their money back. |
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