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I applied for a secured capital one card but was denied due to them not finding any credit history or scores. Of course I don't have a score or history because I just turned 18. I also had trouble setting up a credit karma account because I guess they couldn't find any info on me since i'm young. But today I checked credit karma after being denied a capital one card and i was sucessfully able to setup a credit karma account this time and on it I see 1 hard inquiry from capital one. And my credit report also said this......see message below
"If the information in your credit report is too limited to produce a score, you have what's known as a "thin file." This may happen if you're young, new to the country or don't have any open credit accounts. Here are some tips on next steps:"
The steps credit karma suggested I do was to apply for a secured card with Capital one, which I done they other day and was denied. So my question is will I be able to get a secured TD credit card or would I just be denied again? I was told the min is 500 that they'd place on hold in a savings account , and a co signer must sign since i'm under 21 but the co signer will NOT get a hard credit inquiry on their account but I would of course. Will I be denied a secured credit card by TD too? If so i'll have a total of 2 hard inquires on my credit report and NO secured cards.
So what do a 18 year old have to do to get started? And how much do my income need to be?? Please help me find answers because if I continue to get denied then i'll never have any credit.
December 9, 2015 06:54:34 AM
Borrowing & Managing Your Credit
In reply to Lee, Wilmington
Thanks for reaching out to us on TD Helps, Lee.
We'd like to share with you that we have helpful information on part of our website called “Building a Good Credit Score." We invite you to take a look at it by visiting this link http://bit.ly/1nUzsyy. It will provide you with details you might find helpful on how to build your credit. It will also give you tips on how to maintain your good credit once it’s established.
As it sounds like you're already aware, here at TD Bank, we offer secured Credit Cards. A Secured Credit Card is available to anyone who wishes to establish or rebuild their credit history and is secured with funds held in a TD Bank Savings account. You're welcome to take a look here for the Personal Credit Card Agreement for both the TD Easy Rewards Secured and TD Cash Rewards Secured: http://bit.ly/1wtjCwy.
You may apply for a secured credit card at any TD Bank location during lobby hours. For hours and locations near you, take a look here: http://bit.ly/TDStores. If your application is approved, you'll then want to establish the collateral savings account for the card. Once this is complete, the card can be issued. Although applications for these cards can only be made at a TD Store; if you have any questions you're welcome to give our Card Services Specialist a call 24/7 at 888-561-8861.
We hope you find this helpful and enjoy your day.
Sandy D, Mount Laurel
December 9, 2015 06:55:26 AM