What should I do?

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naze
 
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What should I do?

Postby naze » Fri Aug 24, 2012 4:22 am

Okay, a couple questions here....

1. I'm 22 and have no credit history. I decided I wanted to start building, so I applied for a credit card. I was approved for an unsecured Capital one card. I was told it shipped to my house, where I waited patiently for it to arrive.

Three weeks later I finally get a letter and email from them saying it was returned, and I needed to call the fraud department. They had it returned because they thought someone had applied in my name. I got it straightened out and was told a new card was being sent.

Cut to the fourth time of me having to call the fraud department and verify myself, only now they either need me to go into a bank (no Capital one locations in my state, my bank won't verify identity) or fax in a copy of my SSN and drivers license. I am very uncomfortable faxing this information out, and I'm not even sure this will resolve the problem. I am worn out dealing with these people and would like to just cancel the card, but would my credit take a hit?

2. I received in the mail today a "pre-approved" application invitation for a Discover card. Should I shred it up or try applying?

3. If I should happen to cancel the Capital one card what would be another card to try and apply for, or is there some amount of time i should wait before applying for a new one. Citi Bank forward for students seems like something I might qualify for.

Anyways thanks for taking the time to read this


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PlatinumAMEX94
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Postby PlatinumAMEX94 » Fri Aug 24, 2012 8:39 pm

Fax them the information they request and wait to hear from them. Do not go applying for new credit now that you have one inquiry on your credit report. You only get 2 inquiries a year to not count against you.
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Crashem
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Postby Crashem » Sat Aug 25, 2012 12:43 am

Fax them the info. Starting a credit file can be a pain. I hate to say it, better to get it right the first time. Also, this hassle might indicate an issue as they may have a previous address listed for you and no way to tie it to you. Identity theft has a price for everyone with these increased fraud protection hassles.
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