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New Member
Posts: 1
Registered: ‎04-03-2013
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Improving Credit Score

Filed chapter 7 that was discharged in September of 2011, and after three and a half years of unemployment, finally got mostly full time consulting work in April of 2012.  Still working as a structural engineering consultant.  Signed up in January of this year  for a program to improve our credit scores through creditrepair.com, but have seen very little change in the scores over the past three months,  For the money, it's just not worth it to us. 

 

My income has increased and we have not been late on any bills since the bankruptcy.  Tried to apply for a couple of small credit cards to test the market, but was denied both dimes, so I gave up on that for the time being.

 

Does anyone have any ideas to restablish some limited amount of credit, of which we currently have none, just enough to get the door cracked open?  I did see the section on credit cards in this forum and will check that out further.

M & D
Member
Posts: 9
Registered: ‎10-24-2007
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Re: Improving Credit Score

I personally would stop the credit repair service and use that money to apply for a secured credit card. That will do more for your credit than just about anything. I liked Capital One myself but there are several good companies out there.Before you do anything I would come here and research first. There is a ton of info from lots of people who are either in the same situation or have been in the same situation.

Frequent Contributor
Posts: 403
Registered: ‎03-01-2012
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Re: Improving Credit Score

I second that.  I applied for a secured CC from my local credit union.  It was a very worth while investment and I saw almost immediate dividends.  Do NOT use more than 10% of the total credit however, keep it small and pay off all but a dollar or two to have utilization.

Filed BK7: 7/12 (discharge 10/12) 5/12- EQ FICO - 508 / TU FICO - 490
EQ FICO: 689 (08/15)
TU FICO: 650 (08/15)
EX FICO: 681 (08/15)
NFCU cashRewards $18k - NFCU Flagship Visa $18k - First Tech C.U. Cash Rewards $5k - Cap1 Venture - $10k - Barclays Apple Card $2k - Discover $1,000 - JCrew $4650
Blogger
Posts: 3,360
Registered: ‎10-19-2012
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Re: Improving Credit Score

Like others have said, I would suggest a secured credit card. If your bank offers a secured credit card, you should talk to them.

Senior Contributor
Posts: 7,495
Registered: ‎01-05-2013
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Re: Improving Credit Score


911 wrote:

I personally would stop the credit repair service and use that money to apply for a secured credit card. That will do more for your credit than just about anything. I liked Capital One myself but there are several good companies out there.Before you do anything I would come here and research first. There is a ton of info from lots of people who are either in the same situation or have been in the same situation.


I agree - dump the credit repair service, and apply the money towards a secured card or try a local CU.  You can get good adivce from this forum, and it's all FREE!

Highlighted
Regular Contributor
Posts: 198
Registered: ‎03-02-2012
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Re: Improving Credit Score

I started last year with Capital One after going almost eight years with my credit just sitting dormant. Wished I had started rebuilding earlier. Cap1 has been good for rebuilding.
Starting EQ Fico: 536 (3/12)
Current EQ Fico: 649 (9/13)-lender pull
TU Fico: 684 (8/13) 711-lender pull 9/13
EX Fico: 646 (8/13) 655-lender pull 9/13
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