"580 Experian Denied"
Newegg.com Preferred Account Review
Written by: xboarder56 on 2014-08-05
Overall Satisfaction
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Rewards
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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
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
2 Comments
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.
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."
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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Disclaimer: This content is not provided by Comenity Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Comenity Bank. Review content is powered by Finance Globe.
Disclaimer: This content is not provided by Comenity Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Comenity Bank. Review content is powered by Finance Globe.
