Can I still apply for the secured discover card?

For just about anything you want to get off your chest about credit cards.
7 posts
forrestst
Platinum Member
Platinum Member
 
Posts: 55
Joined: Mon Sep 05, 2016 11:57 am

Can I still apply for the secured discover card?

Postby forrestst » Mon Feb 13, 2017 1:43 pm

So my girlfriend was shopping online using my computer and before I knew what happened, she had several store cards in my name. She claimed this box just opened and approved me without her doing anything. I've always let her have stuff delivered to my place with my name on it (her name isn't on my apartment) and it works better than having stuff delivered to her place. She ordered a pan for around $25 from Overstock.com and opened a line of credit in my name for $250. She went to order from Victoria's Secret but changed her mind and didn't place the order, but I had a card come in the mail with my name on it and a $350 limit. I also get a card from the Buckle with a $300 limit.

I don't think I could prove fraud here because the cards with my name on them were mailed to me and as far as I know, I have them all. The only thing she ordered as far as I know is the $25 pan and I told her she could do that, I just wasn't expecting a new line of credit in my name.

I have an FNBO card that just graduated from secured with a $300 limit. They won't budge on this. I also have a Capital One Platinum card with a $400 limit. Cap 1 said I was still in their steps program and this months statement is #5, so as after I pay it I should get a CLI? I don't get any rewards, but I put a lot of spending on it last month then paid it off so only $10 would report. I tried to get a Quicksilver One, but they said based on an internal review, I had a recent or pending application which I didn't understand. At least they didn't do a hard pull on my credit.

When I applied for the Cap1 card, I killed my AAOA, it went down to 5 months. My credit score dropped from 630 or so down to around 600. It's taken 5 months to get back up to around the 641 range. I don't even want to think what adding 3 new lines of credit is going to do, Victora's Secret is a girl's store and I'm a guy, never went in there, never will. The Buckle is expensive so I've never bought anything there. I don't shop on Overstock.com, don't know why but I never have. The problem I've always had with store cards is I get the card then I can't find anything I really want to need in the store, so I don't buy anything and they close the card.

I had actually considered a secured discover card for the rewards, which would work at any of the above places and is far better than any of the above. I'd go for the Quicksilver One if I could get it and with either card I'd be happy for another year. I have thought about some store cards like, Wal-Mart, Amazon, Menards and Target but it seems kind of pointless to get a Walmart store card when I have a Cap1 card that works at Wal-Mart.

Is it going to be possible to close the store cards that were just opened, save my AAOA and then apply for the card I really want?


Lalalandra
Green Member
Green Member
 
Posts: 7
Joined: Fri Jan 27, 2017 3:12 pm

Re: Can I still apply for the secured discover card?

Postby Lalalandra » Tue Feb 14, 2017 9:24 am

Confused -- wouldn't she need to put in your social security # to get those cards?

Stros05
Platinum Member
Platinum Member
 
Posts: 93
Joined: Thu Sep 01, 2016 4:16 pm

Re: Can I still apply for the secured discover card?

Postby Stros05 » Tue Feb 14, 2017 4:53 pm

I think your first step should be to obtain your credit report. You can get it for free from several places. Do not pay for it or sign-up for credit monitoring.

Then, see if the store cards (VS, etc.) are on your credit report. If so, then I you might want to close them or at least not use them. Havng outstanding balances on those cards will decrease your credit score.

User avatar
Vattené
Centurion Member
Centurion Member
 
Posts: 1219
Joined: Sun Jan 26, 2014 3:55 am
Location: US

Re: Can I still apply for the secured discover card?

Postby Vattené » Thu Feb 16, 2017 4:04 pm

I agree you should get your credit reports. Get them from annualcreditreport.com. You can get one free report per year for each of the three major bureaus (Equifax, Transunion, and Experian). It's good practice to get one from each bureau each year to monitor them, be aware of what is on them, and make sure there is nothing that shouldn't be there. You won't get credit scores for free (and they will try to upsell this to you), but it is important to know what it in your report and ensure that it's accurate.

Assuming all of these accounts have been created in your name, much of the damage is done whether you close them or not. If you're building your credit, I think your best course would be to keep the accounts open. If you close an account, it will still get reported on your profile. It should take 10 years before it drops off of your credit reports. FICO will include closed accounts in your AAoA (some models, such as what you get if you have Credit Karma, don't take closed accounts into consideration, but FICO does and is more widely used by lenders). Keeping them open will improve your utilization, too. With small limits, having more available credit that you don't use helps. Sounds like you're actively managing the utilization that gets reported anyway, but this still gives you more available credit.

So, your AAoA is shot no matter what, but the good news if you are building is when your profile is new this happens even if you open one account you actually want. Unfortunately, these accounts aren't useful at all to you; however, since they are credit lines that are already established you can use them to help you build a solid history, even if you don't use them after these initial charges. Make sure everything gets paid off on time. Let them age and even if you can't use them they will really help out your AAoA down the road.
-Vattené
FICO-8: EX - 827 (5/17) | TU - 824 (5/17)
My Cards: Barclay Arrival+ | Discover it | Amex ED
AU:: Discover Miles | BofA BBR | Barclay Commence (SD'd)

forrestst
Platinum Member
Platinum Member
 
Posts: 55
Joined: Mon Sep 05, 2016 11:57 am

Re: Can I still apply for the secured discover card?

Postby forrestst » Mon Feb 20, 2017 12:37 pm

I had no Idea what AAOA was when I got started and I'm still a bit confused by it. I had thought that I had my FNBO visa card for at least a year, maybe more when I opened my Cap1 card, but my credit score went from 632 to 612. The only thing anyone could figure out was because I killed my AAOA and last report was my AAOA was 9 months according to Credit Karma.

I did find out my mom was behind all this, she gave my girlfriend my information and put her up to it. The object was to keep me from applying for more credit cards, so to block me, they applied for store cards in my name they knew I would never use. I'm not sure if I can even claim fraud or anything because the cards in question were applied for using my own computer and they were sent to my name in my address so I have them in my possession. The only thing I can find is a $24 pan was ordered from overstock and shipped to my address so I have it. I called customer service on all the cards and no other charges have been made.

As of now I received an alert from Credit Karma, Overstock reported opening the card and my credit score dropped 15 points. The Buckle and Victoria's Secret still haven't reported. I might have to wait a month or so for everything to report. It's still showing my AAOA is 9 months so maybe it had no effect on my AAOA? FNBO shows me a FICO 8 score, but it's still showing the score they pulled on 01/09/2017. February still hasn't updated yet. Capital One updates Credit Wise every 7 days but I don't know what score that is, it's always higher, but it's really close to Credit Karma. I think Capital One updates in 2 days.

I keep wondering just how much damage I would do if I applied for something like a Menards card that I would actually use. I guess I'll find out what my AAOA is when Credit Karma updates again.

badger83
Gold Member
Gold Member
 
Posts: 46
Joined: Tue Sep 06, 2016 5:28 pm

Re: Can I still apply for the secured discover card?

Postby badger83 » Mon Feb 20, 2017 2:44 pm

forrestst wrote:I had no Idea what AAOA was when I got started and I'm still a bit confused by it. I had thought that I had my FNBO visa card for at least a year, maybe more when I opened my Cap1 card, but my credit score went from 632 to 612. The only thing anyone could figure out was because I killed my AAOA and last report was my AAOA was 9 months according to Credit Karma.

I did find out my mom was behind all this, she gave my girlfriend my information and put her up to it. The object was to keep me from applying for more credit cards, so to block me, they applied for store cards in my name they knew I would never use. I'm not sure if I can even claim fraud or anything because the cards in question were applied for using my own computer and they were sent to my name in my address so I have them in my possession. The only thing I can find is a $24 pan was ordered from overstock and shipped to my address so I have it. I called customer service on all the cards and no other charges have been made.

As of now I received an alert from Credit Karma, Overstock reported opening the card and my credit score dropped 15 points. The Buckle and Victoria's Secret still haven't reported. I might have to wait a month or so for everything to report. It's still showing my AAOA is 9 months so maybe it had no effect on my AAOA? FNBO shows me a FICO 8 score, but it's still showing the score they pulled on 01/09/2017. February still hasn't updated yet. Capital One updates Credit Wise every 7 days but I don't know what score that is, it's always higher, but it's really close to Credit Karma. I think Capital One updates in 2 days.

I keep wondering just how much damage I would do if I applied for something like a Menards card that I would actually use. I guess I'll find out what my AAOA is when Credit Karma updates again.


Well dump the girlfriend, obviously.

As for "claiming fraud," it is DEFINITELY FRAUD. Doesn't matter if a random thief stole your info and used it to open cards, or if a relative does. Although this situation is a bit different because they opened the cards in your name and not in theirs. Still.

You can dispute the accounts with the credit bureaus, but you may have to file a police report.

I found this example of a somewhat similar situation: http://www.creditcards.com/credit-card- ... spouse.php

Or ... you keep the accounts open, let them age as others have suggested. And perhaps get a credit freeze to prevent this in the future.

User avatar
CarefulBuilder14
Centurion Member
Centurion Member
 
Posts: 4439
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Re: Can I still apply for the secured discover card?

Postby CarefulBuilder14 » Mon Feb 20, 2017 4:34 pm

A credit freeze should be the first step to prevent further fraudulent accounts.

Given all your other problems, lacking a Discover seems trivial at this point.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card



Return to “General Credit Card Talk”

Who is online

Users browsing this forum: No registered users and 3 guests