Orchard Bank Secured Credit Card Review
Author: credithelp
Posted: Tue Sep 21, 2004 10:02 am
Post subject: Orchard secured card
I'm trying to help a friend get some kind of credit card. She filled out the form on the orchard site that tells you what card you are probably going to be approved for and it came up with the orchard secured card with a 200 deposit. Has anyone had experience with this card?
She has a car loan that is almost paid off and never been late, but she just paid some collection accounts off about 3 months ago. I think the thing that is killing her chances of getting credit are two judgements that resulted in garnished wages. Both have been paid for two years but still hurt her chances.
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Author: NightStar
Posted: Tue Sep 21, 2004 1:44 pm
Post subject:
If she has not accessed a copy of her credit report, she should do so now, to make sure that all of the collections she paid are updated... as well as the judgments.
That might have resulted in the adverse action if they are not showing paid on the credit report. She is entitled to a free copy of her credit report through the credit reporting agency which Orchard Card pulled from.
All she would have to do is call the three credit reporting agencies and go through the system selecting having been declined or adverse action. (Cause being offered a secured card is surely a adverse action).
Then if she finds something is not updated right, she can dispute with the credit reporting agency, and ask them at the same time to forward updated copy of the credit report to Orchard Bank, so they can reconsider her application. See if she can get better terms offered to her that way.
Author: credithelp
Posted: Tue Sep 21, 2004 2:09 pm
Post subject:
I just checked my email and got them. Thanks for sending them again, i really appreciate it.
She checked them a while back but she definitely needs to check them again to make sure everything is updated.Hopefully she will get something that is unsecured.[/code]
Author: NightStar
Posted: Tue Sep 21, 2004 2:23 pm
Post subject: Orchard Bank Secured Credit Card Review
She should be able to score a free credit report for that inquiry made, it varies depending on where she lives and who the most used credit reporting agency is for her area. Sometimes a creditor will pull credit reports depending on where you live using zip codes.
Sometimes they just like working with one key bureau, my general guess is that a lot of companies pull from TransUnion - 800-916-8800
If not them then Equifax 800-685-1111 & Experian 888-397-3742
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Tue Sep 21, 2004 10:02 am
Post subject: Orchard secured card
I'm trying to help a friend get some kind of credit card. She filled out the form on the orchard site that tells you what card you are probably going to be approved for and it came up with the orchard secured card with a 200 deposit. Has anyone had experience with this card?
She has a car loan that is almost paid off and never been late, but she just paid some collection accounts off about 3 months ago. I think the thing that is killing her chances of getting credit are two judgements that resulted in garnished wages. Both have been paid for two years but still hurt her chances.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: NightStar
Posted: Tue Sep 21, 2004 1:44 pm
Post subject:
If she has not accessed a copy of her credit report, she should do so now, to make sure that all of the collections she paid are updated... as well as the judgments.
That might have resulted in the adverse action if they are not showing paid on the credit report. She is entitled to a free copy of her credit report through the credit reporting agency which Orchard Card pulled from.
All she would have to do is call the three credit reporting agencies and go through the system selecting having been declined or adverse action. (Cause being offered a secured card is surely a adverse action).
Then if she finds something is not updated right, she can dispute with the credit reporting agency, and ask them at the same time to forward updated copy of the credit report to Orchard Bank, so they can reconsider her application. See if she can get better terms offered to her that way.
Author: credithelp
Posted: Tue Sep 21, 2004 2:09 pm
Post subject:
I just checked my email and got them. Thanks for sending them again, i really appreciate it.
She checked them a while back but she definitely needs to check them again to make sure everything is updated.Hopefully she will get something that is unsecured.[/code]
Author: NightStar
Posted: Tue Sep 21, 2004 2:23 pm
Post subject: Orchard Bank Secured Credit Card Review
She should be able to score a free credit report for that inquiry made, it varies depending on where she lives and who the most used credit reporting agency is for her area. Sometimes a creditor will pull credit reports depending on where you live using zip codes.
Sometimes they just like working with one key bureau, my general guess is that a lot of companies pull from TransUnion - 800-916-8800
If not them then Equifax 800-685-1111 & Experian 888-397-3742
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 10:20 PM
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