Reply
Contributor
Posts: 86
Registered: ‎07-25-2013
0

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
Posts: 27,205
Registered: ‎09-13-2012
0

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
Posts: 73
Registered: ‎10-04-2013
0

Re: Need Add'l Credit Line to Boost Score

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

Age: 23
Last Inq: 10/24/14. EQ: 770 (10-02-13), TU08: 797 (10-27-14), EX: ??
Chase Ink $18,500 | REI Visa $17,000 | Chase Freedom $10,000 | Discover IT $10,000 | Sallie Mae $10,000 | Amex BCE $9,000 | BOA 123 $7,500 | US Bank Cash+ $7,000 | Wells Fargo Rewards $4,900 | Walmart Discover $6,500 | Chase Amazon $1,000
Contributor
Posts: 86
Registered: ‎07-25-2013
0

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
Posts: 86
Registered: ‎07-25-2013
0

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
Posts: 27,205
Registered: ‎09-13-2012
0

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
Posts: 86
Registered: ‎07-25-2013
0

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
Posts: 27,205
Registered: ‎09-13-2012
0

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
Posts: 86
Registered: ‎07-25-2013
0

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!
Epic Contributor
Posts: 23,730
Registered: ‎10-23-2007
0

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- 662., TU 684 Barclay, EX 700 (3/21/15)

You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
72 Cards and Counting :smileytongue:
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.