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Frequent Contributor
shols44
Posts: 394
Registered: ‎11-03-2012

Re: App with Navy or Cap1 first

[ Edited ]

double post


Starting Score: 501
Current Score: 706 EQ,TU 689,EX 686
Goal Score: 720

Frequent Contributor
shols44
Posts: 394
Registered: ‎11-03-2012

Re: App with Navy or Cap1 first

Actually all the comenity cards are soft pull only as long as you use the shopping cart trick. Its an easy way to quickly increase your amount of available credit without burning a single HP.

 

I would suggest, express, buckle, VS, roamans and Jcrew. You might have to try a few times, but all easily gotten.  

 

They help your healing CR but the goal should still be 3 revolvers I'd say over 6 months is a good goal. 

 

My vote is Creditone, Capone at the same time, followed by Navy. Alternatively, two secured CU cards with an app for an unsecured at the 5-6 month mark. 


starry1 wrote:

Any thoughts on one of the Comenity/WFFNB cards?


 


Starting Score: 501
Current Score: 706 EQ,TU 689,EX 686
Goal Score: 720

New Contributor
stormb28
Posts: 104
Registered: ‎12-12-2012

Re: App with Navy or Cap1 first

What are the requirements to get in with Navy?
Valued Contributor
MovingForward_2012
Posts: 3,406
Registered: ‎12-19-2012

Re: App with Navy or Cap1 first

I filed bankruptcy twice (in 2003 & 2005) and I waited until I could qualify for an Orchard Bank card. I dodged First Premier like the plague. CreditOne is awful charging people $19.99 for their CLI. Unbelievable! I waited and paid cash until I could get in with a decent company first. I would try Capital One first.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! :smileyhappy: Last App: 4/5/13 Gardening until July 2014
Valued Contributor
j_casteel
Posts: 1,238
Registered: ‎06-21-2012

Re: App with Navy or Cap1 first


MovingForward_2012 wrote:
I filed bankruptcy twice (in 2003 & 2005) and I waited until I could qualify for an Orchard Bank card. I dodged First Premier like the plague. CreditOne is awful charging people $19.99 for their CLI. Unbelievable! I waited and paid cash until I could get in with a decent company first. I would try Capital One first.

damn....why?

 

 

to the OP...i'd go for Navy and Cap1

| AMEX Zync | Walmart $5k | Amazon $5k | NFCU $12k | NavChek $15k | NFCU $7.5k | Lowe's $15k | BoA WMC $8.1k | Freedom $3k | Discover $4k | CSP $5k |
Starting Score:TU:597 EQ:571 7/5/12 (joined myFICO & SW)
Current Score: EQ:658 (ScoreWatch) EX:688 (Amex app) TU:691 (Walmart)
Goal Score: 700
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: App with Navy or Cap1 first


shols44 wrote:

LS2982 I have to disagree about creditone.

 

They are a horrible blood sucking company, but they have a purpose. In a post-BK rebuild, they serve very very well.  They use a soft-pull preapproval. This means, you won't burn a HP just to find out you are denied after the fact. $75 AF is horrendous but the goal post-Bk is to have three revolvers reporting. Creditone can get you there. I paid, got my three revolvers and scored a 6.5K visa sig 6 months post discharge.

 

As starry knows, we've covered this extensively in the appropriate thread, this card MUST be cancelled in month 11! This is essential.

 

All that being said, its not a good card, and definitely deserves to rot in a sock drawer (exactly were mine is) but it can be used effectively to achieve new credit freedom.  


There are so many other options out there instead of paying their ridiculous fees and interest. Open up a secured account. They should be a last resort if you cant get secured cards.

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Valued Contributor
j_casteel
Posts: 1,238
Registered: ‎06-21-2012

Re: App with Navy or Cap1 first


LS2982 wrote:

shols44 wrote:

LS2982 I have to disagree about creditone.

 

They are a horrible blood sucking company, but they have a purpose. In a post-BK rebuild, they serve very very well.  They use a soft-pull preapproval. This means, you won't burn a HP just to find out you are denied after the fact. $75 AF is horrendous but the goal post-Bk is to have three revolvers reporting. Creditone can get you there. I paid, got my three revolvers and scored a 6.5K visa sig 6 months post discharge.

 

As starry knows, we've covered this extensively in the appropriate thread, this card MUST be cancelled in month 11! This is essential.

 

All that being said, its not a good card, and definitely deserves to rot in a sock drawer (exactly were mine is) but it can be used effectively to achieve new credit freedom.  


There are so many other options out there instead of paying their ridiculous fees and interest. Open up a secured account. They should be a last resort if you cant get secured cards.

 


+1

| AMEX Zync | Walmart $5k | Amazon $5k | NFCU $12k | NavChek $15k | NFCU $7.5k | Lowe's $15k | BoA WMC $8.1k | Freedom $3k | Discover $4k | CSP $5k |
Starting Score:TU:597 EQ:571 7/5/12 (joined myFICO & SW)
Current Score: EQ:658 (ScoreWatch) EX:688 (Amex app) TU:691 (Walmart)
Goal Score: 700
Community Leader
Valued Contributor
starry1
Posts: 1,988
Registered: ‎11-29-2012

Re: App with Navy or Cap1 first

I have a grand ready to plunk down at navy if I have to. I also can get membership at another local cu called Bellco if I need a second secured card. Something inside me balks at the idea of getting secured at cap1, so I'll stick with credit unions if I have to start secured.

Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 2/14/14 TU 624; EQ 629; EX 610
Goal Score:  625 for now– New goal 675

Cap1 sec $700 (SD) / FP $300 (SD) / Fingerhut $800 / nRewards $2.5k / cashRewards $1.5k / NavChek $2.5k
Amazon $1.7k / Walmart $1k / Von Maur $200 /Firestone $1.2k (last app 10/08/13)
Valued Contributor
MovingForward_2012
Posts: 3,406
Registered: ‎12-19-2012

Re: App with Navy or Cap1 first

Oh boy! Complicated story. :smileysad: Lost my mother due to cancer when I was a teenager and put myself through college mostly with scholarships at first but most were only for 2 years. Started racking up student loan debt and there wasn't much left to eat. I worked part time while in school but I only made like $200 bucks every other week. Graduated with monstrous debt that my entry salary was no match for and declared a Chapter 7. Next one was a Chapter 13 which was due to mostly my stupidity. I bought a house with a 2 year ARM that a predatory broker said he would refinance me out of. That never happened and the payment ballooned. So I filed a Chapter 13 to get a stay put on the property and that gave me another year to get through my complicated pregnancy and try to secure financing but I failed...DTI was too high. Broker knew putting that imaginary renter in the basement would screw us over but I was too naive and young to believe it. Early twenties...didn't know much about the mortgage process and it foreclosed. But over 10 years later, I finally am getting prime cards again, closed on a mortgage 2/6/13, and leased a new luxury sedan late last year. I paid cash for a very very long time and mostly let the subprime auto loans pull my score enough out of the abyss so that I could qualify for an unsecured card. I never had a secured card...not knocking them, just never got one but looking back, it probably would have helped.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! :smileyhappy: Last App: 4/5/13 Gardening until July 2014
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: App with Navy or Cap1 first


starry1 wrote:
I have a grand ready to plunk down at navy if I have to. I also can get membership at another local cu called Bellco if I need a second secured card. Something inside me balks at the idea of getting secured at cap1, so I'll stick with credit unions if I have to start secured.

Cap1 really isnt that bad for secured but just make sure you understand that they do NOT graduate to unsecured and you'll have to close it to get deposit back when ready. It's really good if you plan on using it for a year and beefing up the deposit to set yourself up for prime lenders and big CL's.

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014

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