I stumbled across this site last week and spent most of the weekend reading posts, some of the sticky threads and gaining a wealth of knowledge I wish I had just a few weeks, months and even years ago.   I paid off all of my debt starting in November and finished up with my last payment to Bank of America last month. I (foolish) applied for a Citi secured Mastercard before pulling an updated report to make sure everything was correct. And yes, I paid these off without doing a PFD – again, foolish, I know.   I just received the denial letter from Citi over the weekend and decided it was time to pull the trigger and pay for a year of score watch. The three accounts are all derogs and at the time that Citi looked I believe it showed the following:   Verizon – closed – $0 due Bank of America – closed – $1159 due Cap One – closed – $569 due   The more recent report shows a $0 balance with BoA and I was promised a letter from NCO stating that I the Cap One account is closed with $0 balance. I have already written GW letters to all 3 companies asking them to remove the late payments but my question is about the Citi application. I faxed them an updated statement from BoA showing $0 due and sent them the letter I received from ALW Sourcing (part of NCO whom Cap One sent me to for collections) stating that if they got a payment of $8xx.xx it would settle the account in full along with a bank statement showing where that exact payment cleared my bank back in November.   Do I have a snowballs chance in getting the card with Citi? I am a member of a credit union but they turned me down a few months back (right before I got serious with tackling my debt) and they advised that I didn’t re-apply until I had at least SOME recent positive credit.

Continue reading about Citi Secured – Denied – is there still a chance?