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New Contributor
NeedinHelp42
Posts: 50
Registered: ‎05-22-2008

Best rebuilding card

Ok, so I burned bridges with rebuilder cards from Orchard about 3 years ago CO-paid off and First Premier about 6 years back-CO and would like to stay away from them now that I am trying to reestablish.  What are your experiences with some of the other comapnies?  Any recommendations?
 
Scores are: Exp: 562, Eq: 550, TU: 567    

Starting Score: 527
Current Score: 678
Goal Score: 800


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Frequent Contributor
maxima1
Posts: 455
Registered: ‎11-27-2007

Re: Best rebuilding card

TRY BOA 99/500 CARD U HAVE TO APPLY FOR THE PLATIUNM PLUS AND GET DENIED FIRST..
GOAL FOR 2010 Paying Down Debt .........653 EQ 685TU EXP???
Regular Contributor
Kartel34
Posts: 157
Registered: ‎05-01-2008

Re: Best rebuilding card

Start with a secured card. Most require a 300 min deposit and after 6 -12 months with good payment history they will change it to an unsecured.
An if your trying to rebuild your credit a 300 CL should be enough. This way to don't get yourself into trouble. (but thats me playing it safe).
 
Good luck  
Established Contributor
fender
Posts: 709
Registered: ‎04-20-2008

Re: Best rebuilding card

You can probably still get an orchard if you wanted, I had a HSBC CC and HSBC BB charge off and they gave me a card again..
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Frequent Contributor
creditreformer
Posts: 395
Registered: ‎04-25-2008

Re: Best rebuilding card

[ Edited ]

Orchard and hsbc will probably still give you ccs even w/chargeoffs.  same w/first premier.  Was able to get 2 orchards w/2 hsbc chargeoffs still on my reports.  However, the hsbc chargeoffs were out of the SOL for collection purposes, so maybe that’s why.  Also, you can only have 4 hsbc (incl. orchard) ccs @ 1x…chargeoffs/old/closed accts STILL on your reports count towards this…so in my case, I’ve maxed out my # of hsbc products.

Also I’ve read that if you’ve burned hsbc in the past, while they may give you ccs again, they will NOT give you CLIs, no matter how long ago your chargeoffs w/hsbc were.  I tend to believe this is true as despite 15 mos. of perfect payments (no lates, overlimits, missed payments, etc.) w/2 orchard ccs, I’ve NOT been given a single CLI.

In hindsight, rather than go the first premier/orchard route, I probably should’ve gone the secured CC route, but @ the time, I didn’t want to put up all that $.  scores have risen nearly 200 pts since obtaining the 1st premiers/orchards in early 07



Message Edited by creditreformer on 05-30-2008 04:52 PM
Established Contributor
fender
Posts: 709
Registered: ‎04-20-2008

Re: Best rebuilding card

I think 18 months is when they are willing to give CLI with chargeoffs.
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Regular Contributor
carlos1102
Posts: 130
Registered: ‎03-25-2008

Re: Best rebuilding card

try credit one bank

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