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Regular Contributor
Posts: 193
Registered: ‎07-17-2012
0

0 - 800+ in 10 Months Cap1 Thanks

Today I closed my CapitalOne Secured Credit card which started me off on my credit rebuilding journey.

 

People give Cap1 a hard time but I had a very good experience with them. The Customer Reps were always really nice and helpful.

I closed my Secured CapitalOne today and they said I would have my secured deposit back within ten days.

 

Ten months ago I had a Zero credit rating I now have 800+ Fico scores.

I did it by getting a secured Cap1 card, PIF every month and kept the reporting usage down below 10%

I would make multiple payments to keep the reporting balance low.

 

After eight months my scores rose to the low 700's

I then applied and was approved for (3) Amex cards.

Amex backdating kicked in from cards three decadeds ago and scores soared to 800+

 

I had a lot of help from this community and thank you all.

 

 

For all who may be just starting out rebuilding your credit ..........you can do it !

Read these boards and ask questions and you will be successful.

 

 

 

 

 

Amex Zync NPSL 9/12, Amex CostcoTrue Earnings $10K 9/12
Amex BCE $3K 9/12 (Amex Back Dated to 1983)
Chase Sapphire Preferred $17K 11/12, Chase Freedom $7K 11/12
Discover More $750 11/12
CapitalOne Platinum Secured Card 2K 2/12 (Closed 12/12)
FICO: EQ = 804 EX = 802(Amex) TU = 801(Discover)
Valued Contributor
Posts: 2,265
Registered: ‎07-23-2012
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Re: 0 - 800+ in 10 Months Cap1 Thanks

the 30 years on backdating on each card didnt hurt. 

if they didnt backdate youd be low 700 =) 

 

but congrats on your journey. 

 

my credit birthday is only on 10/10 so hopefully by 2040 ill have a few amex cards as well. 

Current: Discover Fico 682 1/15 Walmart Fico 684 1/15

Inquiries (24 Months): EQ 4 TU 1 EX 5 | Most Recent: 09/26/2014
Over 12 Months:4


2014 Goals:
Lower Utility
15% right now, but going up soon :smileysad:
Freedom Signature

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Regular Contributor
Posts: 193
Registered: ‎07-17-2012
0

Re: 0 - 800+ in 10 Months Cap1 Thanks

Yes the backdating helped to reach 800 + scores but before I had even applied or the Amex cards I got my scores up to 

760 on just the single CapitalOne Platinum card.

and that only took eight months.

 

Now I was starting with a clean slate.

If you have Negatives on your record you have to clean them up first.

 

I had a disputed unpaid Medical bill removed from my credit records.

Once I did that I was able to start the process.

 

 

 

Amex Zync NPSL 9/12, Amex CostcoTrue Earnings $10K 9/12
Amex BCE $3K 9/12 (Amex Back Dated to 1983)
Chase Sapphire Preferred $17K 11/12, Chase Freedom $7K 11/12
Discover More $750 11/12
CapitalOne Platinum Secured Card 2K 2/12 (Closed 12/12)
FICO: EQ = 804 EX = 802(Amex) TU = 801(Discover)
Valued Contributor
Posts: 2,265
Registered: ‎07-23-2012
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Re: 0 - 800+ in 10 Months Cap1 Thanks

[ Edited ]

yeah i agree.

i have no baddies 

just my first card was opened 10/10 second 12/10 then 1/12 so yeah. 

 

im sure as soon as all my inq fall off 8/14 my score will be in the high 700's with an aaoa of about 3+ years.  9 accounts and hopefully no baddies..

Current: Discover Fico 682 1/15 Walmart Fico 684 1/15

Inquiries (24 Months): EQ 4 TU 1 EX 5 | Most Recent: 09/26/2014
Over 12 Months:4


2014 Goals:
Lower Utility
15% right now, but going up soon :smileysad:
Freedom Signature

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Regular Contributor
Posts: 202
Registered: ‎11-04-2012
0

Re: 0 - 800+ in 10 Months Cap1 Thanks

I haven't even been alive 30 years let alone have 30 years of history haha. Very impressive man, good for you!

Amex Everyday 6k || Chase Sapphire 5k || Buypower Card 5k || USAA Wounded Warrior Mastercard 4k || Citi TYP 4.9k|| Citi Forward 5.5k || Discover It 2k || Chase Freedom 5.5k || Walmart 1k || Chase Amazon 1k
Business: Chase ink cash 5k || AMEX Simply Cash 3.8k
Total CLs: 48.7k
Moderator
Posts: 12,952
Registered: ‎04-15-2011
0

Re: 0 - 800+ in 10 Months Cap1 Thanks

Nice job!


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Regular Contributor
Posts: 193
Registered: ‎07-17-2012
0

Re: 0 - 800+ in 10 Months Cap1 Thanks


creditnocash wrote:

yeah i agree.

i have no baddies 

just my first card was opened 10/10 second 12/10 then 1/12 so yeah. 

 

im sure as soon as all my inq fall off 8/14 my score will be in the high 700's with an aaoa of about 3+ years.  9 accounts and hopefully no baddies..


It doesn't hurt to explain your circumstances to lenders.

They have guidelines and policies to follow but they also have some leeway.

 

After I had been issued my Amex cards Discover was not going to approve my application.

Even with 800+ scores.

I spoke withe the Discover customer rep and the woman was great.

We had a casual conversation and she asked a few questions and after 15 minutes she approved me for a Discover card.

Although it was a low CL she told me in 6 months if all went well I would get a significant raise in my credit limit.

 

The customer reps are just regular folk give them a call and have a conversation with them.

It can't hurt and you never know.

 

Amex Zync NPSL 9/12, Amex CostcoTrue Earnings $10K 9/12
Amex BCE $3K 9/12 (Amex Back Dated to 1983)
Chase Sapphire Preferred $17K 11/12, Chase Freedom $7K 11/12
Discover More $750 11/12
CapitalOne Platinum Secured Card 2K 2/12 (Closed 12/12)
FICO: EQ = 804 EX = 802(Amex) TU = 801(Discover)
Regular Contributor
Posts: 193
Registered: ‎07-17-2012
0

Re: 0 - 800+ in 10 Months Cap1 Thanks


patsfan1453 wrote:

I haven't even been alive 30 years let alone have 30 years of history haha. Very impressive man, good for you!


Yup,

I am old.

So is my car

1966. LOL

 

Amex Zync NPSL 9/12, Amex CostcoTrue Earnings $10K 9/12
Amex BCE $3K 9/12 (Amex Back Dated to 1983)
Chase Sapphire Preferred $17K 11/12, Chase Freedom $7K 11/12
Discover More $750 11/12
CapitalOne Platinum Secured Card 2K 2/12 (Closed 12/12)
FICO: EQ = 804 EX = 802(Amex) TU = 801(Discover)
Established Contributor
Posts: 712
Registered: ‎06-11-2012
0

Re: 0 - 800+ in 10 Months Cap1 Thanks

I'm on my 5th statement with Capital One and I always PIF too. Hopefully I'm close to the 700+ club, once I'm able to get a Fico Score.


DCU Platinum: 4000 - Discover IT: 11000 - Walmart: 5000 - AMEX BCP: 18000 - Chase Freedom VS: 5000
in the garden since 1/24/14 - #GARDENSTRONG
Regular Contributor
Posts: 193
Registered: ‎07-17-2012
0

Re: 0 - 800+ in 10 Months Cap1 Thanks


eviLution wrote:

I'm on my 5th statement with Capital One and I always PIF too. Hopefully I'm close to the 700+ club, once I'm able to get a Fico Score.


After six Months you should have scores from all three Credit Agencies. CapitalOne is good about reporting to all three and relatively quickly.

In fact you will start getting scores before six months. 

 

Amex Zync NPSL 9/12, Amex CostcoTrue Earnings $10K 9/12
Amex BCE $3K 9/12 (Amex Back Dated to 1983)
Chase Sapphire Preferred $17K 11/12, Chase Freedom $7K 11/12
Discover More $750 11/12
CapitalOne Platinum Secured Card 2K 2/12 (Closed 12/12)
FICO: EQ = 804 EX = 802(Amex) TU = 801(Discover)

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