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Contributor
Mysticuno
Posts: 86
Registered: ‎07-25-2013

Need Add'l Credit Line to Boost Score

Hello....Does anyone have suggestions of credit cards that I can add with a low credit score to help boost my credit score?  The only current card I have is a NFCU Secured Card with a $500 CL.

 

Thanks!


Starting Score: EFX 545, XPN 561, TU 539
Current Score: 4/3/14: 660 EFX (MyFico), 635 XPN , 680 TU
Closed on my new home 5/5/14!
Moderator
09Lexie
Posts: 24,593
Registered: ‎09-13-2012

Re: Need Add'l Credit Line to Boost Score

What is keeping your score low? It's easier to advise if we know what might be a potential denial based on your credit history.
New Contributor
JKXX
Posts: 68
Registered: ‎10-04-2013

Re: Need Add'l Credit Line to Boost Score

Need a little more info. AAoA, baddies, etc?



Age: 22
Last Inq: 1/4/14. EQ: 770 (10-02-13), TU08: 793 (5-27-14), EX: ??
Chase Freedom $10,000 | Discover IT $10,000 | Amex BCE $9,000 | BOA 123 $7,500 | Wells Fargo Rewards $4,900 | Walmart Discover $3,500 | Chase Amazon $1,000
Contributor
Mysticuno
Posts: 86
Registered: ‎07-25-2013

Re: Need Add'l Credit Line to Boost Score

AAoA is 5yrs. Bankrupcy over 6yrs, have good CL's are car loan, previous repo 4yrs ago trying to negotiate a PFD of 1500., student loans current with some lates over 2yrs, AS Furniture loan current. Paid off past medical bads, tmobile, university of phoenix....mostly small collections with a few agreed upon PFD, one removed and was on my acct in error in the amt of $4800 ...removed.  

 

Any advice is much appreciated. 

 

 


Starting Score: EFX 545, XPN 561, TU 539
Current Score: 4/3/14: 660 EFX (MyFico), 635 XPN , 680 TU
Closed on my new home 5/5/14!
Contributor
Mysticuno
Posts: 86
Registered: ‎07-25-2013

Re: Need Add'l Credit Line to Boost Score

Additionally, after the previous repo collection is paid and a final collection of 309. PFD, I will have paid more than 5k on cleanup but totaling over 10k of negative showing owed on my report. Working to become mortgage ready for 1st Q next year.


Starting Score: EFX 545, XPN 561, TU 539
Current Score: 4/3/14: 660 EFX (MyFico), 635 XPN , 680 TU
Closed on my new home 5/5/14!
Moderator
09Lexie
Posts: 24,593
Registered: ‎09-13-2012

Re: Need Add'l Credit Line to Boost Score

Until you finish taking care of your baddies,your score will be hurt. Baddies after a bk are scored harsher on EX 08. For the paid off collections, write GW letters. For the lates with the SLs, also write GW letters.

Regarding cc's that might approve, check the ore-qual site for Cap1, I'm not positive if BoA secured would work with the recent baddies but I would also add SDFCU Secured.

If you have a relationship with a CU, start there first.
Contributor
Mysticuno
Posts: 86
Registered: ‎07-25-2013

Re: Need Add'l Credit Line to Boost Score

makes sense to write the GW letters. Baddies will be paid by mid Dec. and will have nothing negative on report. I took out a $500 secured loan with Chartway FCU in June to help boost score and PIF last month. Guess it'll be a waiting game to boost score by March. Thanks for the advice. 


Starting Score: EFX 545, XPN 561, TU 539
Current Score: 4/3/14: 660 EFX (MyFico), 635 XPN , 680 TU
Closed on my new home 5/5/14!
Moderator
09Lexie
Posts: 24,593
Registered: ‎09-13-2012

Re: Need Add'l Credit Line to Boost Score

You are welcome. When rebuilding its important to repair and rebuild simultaneously. Getting the baddies off and adding TLs will make a positive change in your overall profile.
Contributor
Mysticuno
Posts: 86
Registered: ‎07-25-2013

Re: Need Add'l Credit Line to Boost Score

Was approved today for both JCrew $250CL and CAP1 Unsecured $300. It's a little start but good news.


Starting Score: EFX 545, XPN 561, TU 539
Current Score: 4/3/14: 660 EFX (MyFico), 635 XPN , 680 TU
Closed on my new home 5/5/14!
Mega Contributor
Creditaddict
Posts: 18,968
Registered: ‎10-23-2007

Re: Need Add'l Credit Line to Boost Score


Mysticuno wrote:

Was approved today for both JCrew $250CL and CAP1 Unsecured $300. It's a little start but good news.


BOOM... congrats, now wait for the rest of the baddies to show paid then it will really help... believe me as soon as I did that I got Navy and 76 Gas!

Fico Scores: EQ 657 Cabelas, TU 653 Barclay, EX 699 Wells (07-27-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Express $300
Over 30 Cards in between :smileytongue:

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