Hey Bill Scott,

Credit scores are between 350 and 850.. Going below 650 would make you a higher credit risk..

There are many different items that creditors use to assess credit risk such as:

• Do you rent or own your own home
  
• How long have you lived in your current residence
  
• How many other pieces of credit do you have, and how are you currently administering those.
  

They want to determine how stable a payer you are and what your current financial health is like.

To be sure, simply contact a credit card company and ask them what attributes they're looking for. Just tell them that you're not applying , but that you're just doing some research.

Let's put this in perspective. If you had 1 r9 and 10 r1's and 5 l1's they would probably say that for the most part you've got good credit.

If you have 10 r9's and 1 r1, you've probably got something wrong with your repayment capability.

Monty ,

I only have the 1 r9 on my credit file.........unsure of credit score.....is it a number????

Hey Bill,
I guess I would have to know what your credit score is, and how many R9's left on your credit report.

Capital one is more of a high risk lender. ie... they mentioned to me that they only invite people with lower credit scores for some of the products. These credit cards are by invitation only.

All credit card companies are regulated and must abide by rules.. Capital One seems to do that. I'm not aware of their secured credit card.

You can also apply to HomeTrust Visa secured credit card

BTW... per your question... I'll reply on this board if I get some time to do so.. There are other people reading that can answer these questions as well..

If you want to hire my services, I'll schedule some time right away :)

I have some old student loan debt from 1996 written off as a R9 in 2001. I have restablished credit with wells fargo financial. I have an excellent rating with them. I need to know what my options are as far as credit cards are concerned. I recently filled out an application with capital one for a secured card. Has anyone dealt with them???