I apply for the credit card you tell me to to improve my credit then they get denied

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Elaine Ross

• June 12, 2020 01:59

I am tired of getting turned down left and right when I'm applying for the cards are telling me to

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  Elaine Ross

  • June 12, 2020 02:00

  So far I'm not having any luck at all with the prepaid unsecured credit cards that you are telling me to buy oil for to build my credit I get turn down when I'm supposed to be almost a guarantee from you

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  Elaine Ross

  • June 12, 2020 02:01

  Why are you telling me to do this if I'm just going to be denied

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  Jonathan

  • June 12, 2020 14:44

  So why does my score decrease for applying for a credit card that you guys suggest I apply for? What's the point of that?

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  Monique - Thrive Moderator🌱

  • June 12, 2020 20:00

  Hello Elaine Ross, We do not advise on any type of purchase. As a financial services company, all of our offerings are related to credit cards, loans, and other financial products and services. As we notify you and all of our users when browsing through offers and products we think may suit you well, the approval odds are calculated by comparing your credit profile to other Credit Sesame members who were approved for that product. These approval odds are estimates only and do not guarantee approval. Lenders use a variety of different types of credit scores and criteria to make lending decisions. However, we do want to ensure you are provided with the clarity you need, so please refer to our Help Center for FAQs or submit a direct request to our customer support team here.

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  Monique - Thrive Moderator🌱

  • June 15, 2020 20:47

  Hello Jonathan, We understand how frustrating this might be if you are working on improving your credit. Here’s a few things to keep in mind when you are applying for a credit card. When applying, issuers will pull your credit report because they want to determine your creditworthiness. When they do this, it's called a hard inquiry and this will temporarily lower your credit score a few points and the inquiry can usually stay on your credit report for about 2 years. The number of points the inquiry will have depends on the rest of your credit history and on your recent credit activity. If you would like more information please watch this video on Credit Score Tips: Understanding Credit Inquiries. Let us know if this information was helpful. 

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  Evgeniy Kuznetsov

  • August 13, 2020 09:50

  The approval odds for credit cards can definitely decrease your score when you get an inquiry by the institution on your report and still get denied for it. The more you inquiry and get denied can put your account into a bind, lenders typically don't want to see alot of inquiries on your report because it shows them that you trying to aquire credit with barely any history and that the repayment may not be guaranteed. Best option is to pull your credit report, figure out all the negatives and try to remove those first and when applying for new card try to do research on your own from which ever lender applying for most of time they do have special requirements that you have to meet before opening one. The approval odds or simply there to let you be a aware of possible lenders that will consider in working with you. Their not guarantees for approvals.

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  Dalia Russo

  • March 14, 2023 21:57

  I had a good overall experience with FixMyCredit at WriteMe C0M. They were able to get negative items off my report and really took the reigns in handling everything on my behalf. I have already recommended them to friends and family and if I need their services again, I would definitely use them. My credit score also went up over 300 points within few weeks.

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  Levon715

  • March 21, 2023 10:30

  Dalia, How long did it take them to fix the inaccurate information on your reports?

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