V
Why do I keep getting denied by capital one?
- Thread starter LeesburgMKV
- Start date
heftylefty
golfmkv elitist -_-
- Location
- issaquah, WA
well it would be kind of tough to get approved for a car loan with no credit...
mine is under my dads name and i have no problem with that...he gets the credit and i get a low monthly payment.
MagicChic
GolfMKV Madame
- Location
- Quakertown, PA
- Car(s)
- 2006 VW GTI
I already gave my 'real' advice. It's up to Leesburg whether he takes it or not.
It seems to me he's already set on trying to get a credit card through his bank.
It seems to me he's already set on trying to get a credit card through his bank.
LeesburgMKV
gold n' black
- Location
- VA
- Car(s)
- 2008 VW GTI
Way too many posts to read them all. I went to my bank today and got some advice from him. He told me that right now it's going to be nearly impossible for me to get approved. He was a really cool guy who used to own a MKIV Jetta 2.0 with a bored out engine, massive turbo upgrade (HPA), and a 4motion AWD swap. He said he was pushing out over 400awhp. His advice was to go to Target/Macys and get one of their cards and only buy like a pair of socks a month and then pay it off. He said to come back after around 6-7 months and he could almost definitely get me approved.
I chilled with him a little longer and we talked about cars then I made my deposit and left. I'm getting a target "red" card and I'm just gonna charge car wash/wax on it. Then after a while I'll go back to my bank and get approved.
I chilled with him a little longer and we talked about cars then I made my deposit and left. I'm getting a target "red" card and I'm just gonna charge car wash/wax on it. Then after a while I'll go back to my bank and get approved.
So cliff notes
OP trying to get credit card through bank, gets denied, we tell him to go to gas station or dept store to get, no one believes, he goes to bank, teller gives same advice, OP takes it. Cliff notes FTW! :biggrin::lol::bellyroll:
OP trying to get credit card through bank, gets denied, we tell him to go to gas station or dept store to get, no one believes, he goes to bank, teller gives same advice, OP takes it. Cliff notes FTW! :biggrin::lol::bellyroll:
LeesburgMKV
gold n' black
- Location
- VA
- Car(s)
- 2008 VW GTI
I was also told by the guy (he teaches a credit class) to never go over 50% over your balance and if you max out your card it hurts your credit even if you pay it in full. He told me not to only pay off some of it to get my credit up. He said that it's much better to pay in full every billing cycle as long as you don't go over 50%. So if my limit was $1000 then to only spend a max of $500 and to pay it off right away.
Also, every time you apply for a credit card (whether or not your accepted or denied) you lose 1/2 a point on your credit score. So I already lost 1 1/2 points for applying to capital one 2 times and AMEX once.
Like I said I'm just gonna get a target red card and spend like $10-20 a month, pay it off in full and then after 6-7 months check my credit score. I could get a card with one of my parents co-signing but I want to build my credit by myself. Not rely on my parents. I hate relying on other people for things. I don't think that proves responsibility, it sounds a lot better to me to do it yourself and not rely on others. It's your life, not theirs.
Thanks for the advice everybody!
Also, every time you apply for a credit card (whether or not your accepted or denied) you lose 1/2 a point on your credit score. So I already lost 1 1/2 points for applying to capital one 2 times and AMEX once.
Like I said I'm just gonna get a target red card and spend like $10-20 a month, pay it off in full and then after 6-7 months check my credit score. I could get a card with one of my parents co-signing but I want to build my credit by myself. Not rely on my parents. I hate relying on other people for things. I don't think that proves responsibility, it sounds a lot better to me to do it yourself and not rely on others. It's your life, not theirs.
Thanks for the advice everybody!