07-10-2013 08:18 AM
I began my credit rebuilding journey back in February of this year (2013) - all baddies on my credit files and NO open credit accounts.
Thanks to these forums I'm well on my way!! I got a ton of new accounts back in late February, early March 2013. Used and paid those faithfully - had to fight to get each new account based on my thin history. Got the baddies wiped off my credit files...
...and yesterday I finally felt like a real person!!! No recon, no nail biting, INSTANT APPROVALS for a new Abercrombie & Fitch store card and a Target card!! I'm thrilled and so thankful to these forums because it FELT SO GOOD TO GET AN INSTANT APPROVAL so early on into my credit rebuilding journey!!!
Yeah, on a side note, the one card I REALLY WANTED - the elusive Walmart store card (elusive for me) was DENIED. Recon on that and they wouldn't approve me. That makes it THREE TIMES I applied for this card (1 time in February, 1 time in March and now 1 time July).
Back in the garden and happy cuz 2 out of 3 ain't bad! Thanks again to all the people around here who stick around and give advice and make it possible for people like me to learn a few new tricks and better themselves!!
07-10-2013 08:26 AM
Did you do something to GEMB in a former life?
07-10-2013 08:33 AM
Congrats! When I look at your signature then I am surprised you still get accepted for any cards ..did not count but looks like a very high number of new accounts to me?! I cannot even get a CLI with Discover due to toooooo many new accounts
07-10-2013 08:44 AM
Congrats on your 2 new cards!
07-10-2013 08:46 AM
Not only am I running to the garden, I'm sprinting there!!
And I don't think I did anything to GECRB in a former life LOL ...many of my new cards are with them. That might be why GE didn't extend me the Walmart card - but they did give a few CLIs this month on other cards.
Except for two of the cards approved in March, I literally applied for most of my cards on the same day back in March. So they were all "approved" together and growing together. I don't know if this made a difference, but what I ended up doing almost immediately is USING THEM TO DEATH and PAYING THEM IN FULL EACH TIME. That was before statement cuts. I figured if there was a manual review, they'd see all the "new cards" but they would also see that they were being used heavily and PAID ON heavily.
I figured that would take "possible fraud" out of the equation and I figured using and paying on the cards often would take the question of whether or not I had the income to pay them off, etc.
So far it's worked and all the new accounts have remained and many of the new accounts have received automatic credit line increases (I NEVER use the "luv buttons"...NEVER).
...and yes, I'm surprised I was approved for the 2 new cards too! But pleasantly surprised!!
Next (and probably last) app spree: April 2014 - this is where I'll dump the sub-prime cards and replace them with cards I really want.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† 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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.