An odd thing just happened to me.
About 8:00am this morning, I got onto Orchard's site and used their online tool that pick's out a card of theirs that you are pre-qualified for after you type in some basic info. I put in my name, address, SS#, etc. and on the next page, it told me that I qualified for their Secured Card.
I got caught up doing something else and just got back to the comptuer. I went back to their site with the intentions of getting this secured card. However, when I went through the same process, it offered me their Platinum Card. So I put my info in, complete the process and used their link to check on my application. Guess what? I got approved for a $750-limit card from them. If I'd finished the application the first time, I would have had to pay them $200 up front for their secured card.
Odd....
I wonder if its a fluke, or if it somehow the system knows you've been there and entered your info and backed out that it offers you the next better product if you go back.
-
Applied for a Hooters card and I got one in the mail with a $500 credit line. Then I read that it had a $72 annual fee and my interest rate would be 25%!!! So I called them and I closed it right away. I actually already have 2 credit cards that I got after my bk was discharged. I have capital one and orchard bank. My capital one was 0% apr for the first billing cycles, and is 8.90% now, hsbc is 14.90% apr so why the heck does hooters think I would accept there 25% apr cc?Leave a comment:
-
I just filed----orchard bank closed my account just like that, I even had a zero balance with them and paid my $35 annual fee in August.Leave a comment:
-
Originally posted by HB Johnson View Post
ASPIRE Credit Card is offered by CompuCredit. Aspire shut down right after Christmas 2008. Part of the reason they shut down is due to the FTC settlement made by CompuCredit for non disclosure of terms offered in their credit cards. See link below:
ATLANTA, GA -- (Marketwire) -- 12/19/08 -- CompuCredit Corporation (NASDAQ: CCRT) todayannounced that it has reached a settlement with the Federal DepositInsurance Corporation (FDIC) and the Federal Trade Commission (FTC) toresolve their regulatory inquiries regarding the Company's credit cardmarketing practices. The settlement with the agencies relates to marketingpractices from 2005 and prior years, does not require any change toCompuCredit's existing marketing or servicing practices and does not have amaterial impact on CompuCredit's financial condition.
"We are pleased to have reached this settlement with the FDIC and the FTCin order to resolve their concerns regarding the Company's past marketingpractices," said David Hanna, CompuCredit's Chairman and Chief ExecutiveOfficer.
The settlement covers customers throughout the United States and providesfor CompuCredit to credit approximately $114 million to certain customeraccounts that were opened between 2001 and 2005 and subsequently chargedoff or were closed with no purchase activity. This amount involves mostlynon-cash credits -- in effect, reversals of amounts for which payments werenever received. Cash refunds to consumers are estimated to beapproximately $3.7 million, and the Company also agreed to pay $2.4 millionto the U.S. Treasury.
About CompuCredit
CompuCredit is a specialty finance company and marketer of branded creditcards and related financial services. CompuCredit provides these servicesto consumers who are underserved by traditional financial institutions.Through corporate and affinity contributions focused on the underserved andun-banked communities, CompuCredit also uses its financial resources andvolunteer efforts to address the numerous financial challenges affectingits customers. For more information about CompuCredit, visitwww.CompuCredit.com.
Contacts:Media Relations:Tom Donahue770.828.1577Email ContactInvestor Relations:Jay Putnam770.828.2612Email Contact
Leave a comment:
-
Leave a comment:
-
Aspire Visa unsecured.
This is the best card out there. It will help in re establishing credit and positive items on your bureaus. Just keep making the payment.Leave a comment:
-
I was discharged and closed on 12/8/2008, 2 days ago, and this morning I decided to press my luck and see what I could get. So, I went to Orchard Bank and actually got approved for a $500 CC with a $39 annual fee. Then I went to Capital One and got approved for a CC. I don't know what the limit is yet on it, I need to call, but that is a good start. Since all of my CC's were closed during the bk and neither mortgage or cars are reporting, I needed something to help re-establish my credit. I am going to make one small purchase each month on them and probably apply for the Target or Hooters card in 6 months time. WOO HOO!!!Leave a comment:
-
Within about 8 months after filing Ch. 7, I got:
Best Buy MC $500 (HSBC), Orchard MC $750 (HSBC) and WAMU MC ($2500).
I just got an offer from Juniper.com for a 7.99% fixed rate up to $5000 no fee card.
But I won't apply for it because I'm unemployed and would have to lie and say I'm employed (I assume) to get it. So I won't apply. Also, really the credit I have is enough already.Leave a comment:
-
I just applied for a household bank card and was approved for a 8.9% platinum card. I don't know the credit limit yet but my jaw absolutely hit the floor when I saw the approval message.
My credit reports all show that my debts were discharged and all trades show $0 balance. All I know is that my Experian score is 595....don't know the other two. My bk was discharged a month ago (11/5/08) and I applied today. I did not have any household bank debts in the bankruptcy (but my husband did). So I applied in my name only. WOW!
Leave a comment:
-
Not bk friendly
After reading several post I applief for a Wal-Mart, Target and Kay Jewlers card. They all declined and stated the reason was because of the bankruptcy. Macy's and Captial One declined for the same reason as well.Leave a comment:
-
Does this really happen? What credit card companies are known to do this? I included Orchard Bank in my Ch 13, and I currently have another one that they issued me two months ago. It only has a $300 limit, and I know that's not much, but I never use it. I just want something to show on my credit report with on-time payments. If they were gonna add the balance from the card that I included in my plan, do you think they would have done it by now?Originally posted by AMISLANDER View PostLeave a comment:
-
Those pre-approval mailers are never a guaranteed approval. These types of lenders only see that your credit is bad and they don't know you're credit history until you actually apply. Besides, with First Premier, the first $200 of your $300 credit limit is gone before you ever receive the card because of the upfront fees. Continential Finance is the same way.
Don't give up on Orchard just yet. Orchard may need to verify a little information before they approve you. You should call and check with them regarding the status of the application and you may be able to find out if you're approved or declined.
I got the same response ("Will receive a response within 2 weeks") when I applied for my Hooters Card and my Hooters card showed up about 10 days later.Last edited by BassBoy; 12-17-2008, 09:37 AM.Leave a comment:
-
My scores are in the mid 500's to 600 and 1st premiere and declined me? What is so funny is they sent me an offer. WTF... I got declined by Hooters and CapitalOne. Orchard and Target said we will give a response in 2 weeks which to me is declined. I just wanted a card to help raise my score. Guess I will save up to get a secured card =(Leave a comment:
Leave a comment: