"580 Experian Denied"

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Written by: xboarder56 on 2014-08-05

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xboarder56's review: Rebuilding credit and thought this would be a good way to go seeing it said "This card is intended for consumers, or "personal use" with poor or limited credit histories and a FICO of 450."
Current with over 8 months on-time payed history on a capital one secured $300 and $300 Unsecured

Your credit score: 580

Date: 08/05/2014

Scores range from a low of 300 to a high of 850

Key factors that adversely affected your credit score:

•Derogatory public record or collection filed.

•Length of time accounts have been established.

•Too few accounts currently paid as agreed.

•Lack of recent installment loan information


Comment 1 by wanderer
Re: 580 Experian Denied on 2014-08-05

Congrats on growing your credit. Patience is required as our credit file grows.
Comment 2 by finance globe
Re: 580 Experian Denied on 2014-08-06

Yes, the FICO score is a big factor, however other considerations exist as they mentioned. The score is no guarantee, however it is a good starting point when choosing a card.

As Wanderer stated, patience is required. Little steps lead to big ones.

Card details also state: "There are a number of other factors that this issuer may also consider when making decisions for approval."
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