02-02-2013 11:39 PM
Just some advice if I could get it. Sorry for all the questions. I discharged my BK 7 in Aug 2012 and already have the Capital One Secured Card.
But as I race to repair my credit, is it better to have 1 secured care or 2? If it's 2, can someone recommend a good 2nd secured card to have?
And then should I just sit on the 2 cards and see what it does to my scores? I'm also going to need an auto loan pretty soon so I guess that will help my scores in the long run as well?
02-03-2013 01:29 AM
02-03-2013 01:32 AM
04-27-2013 04:17 PM
For me, I obtained one secured credit card for $1000. Within about 4-6 months, I received a pre-approved offer from Capital One. Inital credit was around $500 with auto increase to $750 after about 2 months. Eventually the $750 increased to $1750 where it now sits. Good luck. You'll get through it.
04-28-2013 08:24 AM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO