Cap One took a chance on me in May 2015 when they sent me a pre-approval letter. My credit scores were mid 500s across the board. I had two medical collections, three state liens (paid and released) two judgments, 4 charged off accounts.
I applied and was given a $300 limit. A day later, I received another pre-approval offer. I applied and was given another $300 limit. Three months later I requested a CLI and was bumped to $800 on both cards. I also asked when my cards would be eligible for upgrades. To my surprise, they were both upgraded to QuicksilveOne. My credit steps increases' kicked in around November and December. I was bumped to $1,300.
Since then I've been approved for Discover IT, Chase Slate (now upgraded to Chase Freedom Unlimited), Chase Freedom, First National Bank of Omaha and a few others. My total credit lines are a little over $11000. Not a lot but I'm getting there. I try to keep my utilization below 19%. My FICO score is 670.
I can't stress this enough, the ore knowledgeable you are about credit and how it works, the better off you'll be. I bougt a book called Credit Repair by Robin Leonard. Between that book and the information I've gotten here I'm in a much better place. Keep in mind, what works for one won't necessarily work for the other. Don't get discouraged never give up. I've gotten the two collections removed, the charged off accounts are gone and I'm working hard to get the public records removed as well.
I will be forever grateful and a loyal customer with CapOne. I'm going to break 700 shortly and I plan to keep it there. My goal in a year is be in a position to get approved for the Quicksilver and Venture.
Set your goals and stick with them. Never give up! Good luck to all.