Capital One

[deltadog03]

I applied for the secure card and got approved, but 2 days later I tried to apply for the unsecured plat card and got the 7-10 day message I have done a lot of reading on here(thank you btw) and it doesn't really mean approval or denial. So my question is, could it be that I just moved, and used new address on my app and I haven't had anything new reporting after my bk to my new address. So, could that be the reason? They need to verify more info? I fully understand that it could still be denied for my credit reason, but they pulled that last Wednesday night and I figure if my credit was not good enough they more than likely would have denied it right away. So has anyone had this happen to you? If so, how do they verify, or what happens next? I called them today and they said its still pending, and I thought she said something about needing more info. thanks again!
chris.

EX 578
EQ 544
TU 515

[13for60]

99/100 the "7-10 day message" is a "no."

I had good luck with a reasonable interest rate (low LOC - $600) with Orchard Bank. No one else would touch me with a ten foot pole. Orchard has my loyalty now.

--13for60

[Pjmax]

99/100 the "7-10 day message" is a "no."

--13for60

Not necessarily.
I had the 7-10 day msg., rec'd ltr. requesting proof of income, faxed it in, and approved.

[justbroke]

Not necessarily.
I had the 7-10 day msg., rec'd ltr. requesting proof of income, faxed it in, and approved.

Maybe you are the 1 in 100!

[deltadog03]

Thanks guys! I hope it gets approved...I didn't call today to check on it, just going to let it roll and see what happens. I just would hate to have a ding on the CR and take this long and not get approved.....What do you yall think about Merrick Secured>?

[DirkDiggler]

Not necessarily.
I had the 7-10 day msg., rec'd ltr. requesting proof of income, faxed it in, and approved.

Same with me, so I guess thats 2 out of 100 lol

[deltadog03]

btw, how long did it take for the letter to get to yall after applying?

[Pjmax]

It wasn't too long, I think less than a week. I know I wasn't too anxious about it, because I was already in the frame of mind 'patiently waiting for my denial letter.' After I faxed in my info, a few days later I had an email that said my card was on the way.

[soccerguy]

I applied for the secure card and got approved, but 2 days later I tried to apply for the unsecured plat card and got the 7-10 day message I have done a lot of reading on here(thank you btw) and it doesn't really mean approval or denial. So my question is, could it be that I just moved, and used new address on my app and I haven't had anything new reporting after my bk to my new address. So, could that be the reason? They need to verify more info? I fully understand that it could still be denied for my credit reason, but they pulled that last Wednesday night and I figure if my credit was not good enough they more than likely would have denied it right away. So has anyone had this happen to you? If so, how do they verify, or what happens next? I called them today and they said its still pending, and I thought she said something about needing more info. thanks again!
chris.

EX 578
EQ 544
TU 515

your TU is way to low to get approved for an unsecured capital one card

[deltadog03]

Thanks everyone! Soccerguy, your prolly right, but why do the whole 7-10 day decision thing? They already pulled my credit, and if it wasn't good enough, why not just throw the instant denial?

[Pjmax]

Thanks everyone! Soccerguy, your prolly right, but why do the whole 7-10 day decision thing? They already pulled my credit, and if it wasn't good enough, why not just throw the instant denial?

Deltadog, you won't know until you get the letter, and yeah, they didn't deny you flat out, so there is hope. I'm sure your credit numbers are on the rise, so if it doesn't work out this time, try again in a couple of months.

[deltadog03]

Thanks again Pjmax

[deltadog03]

Update:

I called Cap 1 for an update to see if there was any decision on my unsecured plat card, and the lady on the phone told me that my app has been approved, but my account hasn't been setup yet. I wanted to make sure that she didn't mean the secured card (I knew that I was approved for that instantly) and said so my secured and unsecured cards/apps have been approved and she said yes. woohoo! So, not all 7-10 days decisions mean denial. She said I can call back in 4 days to see what the limit and all that stuff is on it. Doesn't matter as I am going to keep it under 9% utl. Anyone else have that stuff happen where there is an approval, but account isn't set up yet?

[iswmle]

That is pretty cool! After my BK Cap1 treated me like I carried the plague... they were not even included in my BK! But they finally let me on... you know their rewards program is pretty good (always PIF, of course) ;)

How much were you approved for?

[deltadog03]

That's weird that they treated you that way. They gave me a $300 limit with steps program.