Got the credit builder loan started today...

somotao · ‎04-02-2014

I did exactly what you did with a local credit union in Atlanta. Gave them $1000 and it was used as a security against the loan I took. Once my 12 months were over the monwy was available for me to use. It really help my rebuilding process

Starting Score: 500s
Current Score: EQ: 708myFICO(7/15/17), TU: 721myFICO(7/15/17), EX: 701myFICO(7/15/17)
Goal Score: 750
Wallet: Discover IT $50300, Capital One Platinum $17000, Barclays Rewards $6700, Walmart $6000, Amazon Store Card $6000 Chase Sapphire Preferred $5000, Chase Sapphire Reserve $10000, Bank of America Cash Rewards $500. BestBuy $10000

NancyLou · ‎04-02-2014

That's what I'm hoping will happen, that it will raise my score more, which it should. I just don't know how much it will make a difference.

3/4/2014 Score: EX: 576, EQ: 614, TU: 572 All from myFICO
12/12/2014 Score: EX - 629 (CreditSesame) EQ-686 (myFICO), TU - 599- 3/28/2014 (CreditKarma)
Goal Score: 700 on all three by end of 2014

Take the myFICO Fitness Challenge

Filed Ch. 13 2/18/2009, converted to Ch. 7 11/19/1013, 341 Meeting Dec. 19, 2013, discharged Mar. 13, 2014

Following the steps in the How to: BK7 to 700 in 24 months or less

Step 1 done, signed up for Score Watch.
Step 2, approved for Credit One Card ($300 limit) on 3/14/2014.

Re: Got the credit builder loan started today...

Re: Got the credit builder loan started today...