11-20-2011 05:22 PM
My secured card started reporting in June of this year, as I mentioned. I knew my history was very limited, which is why I never bothered with FICO scores until it was suggested here.
I would wait about 20 days after your 6th statement on your Cap one card and then try again.
11-20-2011 05:25 PM
11-20-2011 05:29 PM
So I guess the best advice here is just to wait and do nothing else but maintain my payments as I've been doing? I'll report back once I get my FICO score(s) and also when I hear back from Chase, which I'm pretty sure will be a denial, but there's nothing wrong with hoping against it.
Thanks for the help thus far. Much appreciated.
11-20-2011 05:32 PM
12-10-2011 02:01 AM
This is Shizume. There was an issue where I got locked out of my original account and decided to start a new one until I can get things sorted. I purchased my Equifax FICO score today and was shocked when I saw that it was 672. That completely blew my mind because my FAKO Equifax score is only 626! I was expecting my FICO score to be lower but lo and behold, it wasn't. I'm wondering now what I'm paying Equifax monthly for when the scores are so drastically different. That said, I don't know my Transunion FICO, but my FAKO is currently around 660-ish, according to Credit Karma. I'm going by the Vantage Score, not the Transrisk score, since multiple times in the past, the Vantage Score has matched my purchased FAKO Transunion score.
That said, I've officially reached the 6 month history stage. Any suggestions for cards, as all my current cards are rebuilders and have smaller limits. I have a Capital One Secured card with a 400.00 limit, a Capital One Platinum card with a 500.00 limit and an Orchard Platinum card with a 300.00 limit. The last two are unsecured and the last one hasn't even arrived yet. I was wondering if I should get another secured card or just wait until I have a longer credit history? I've been stalking the Dungeon and I've got to say, it always makes a bit app-curious but I know my baby history is going to be an issue and I don't like being declined.
12-10-2011 02:40 AM
12-10-2011 02:48 AM
It's hard to listen to good advice, but I figured that was my best option at the moment. I just wanted to see what others would say, kind of like validating what I already knew.
I'm actually very proud of myself, though I don't like the inquiries. It wasn't until I discovered the forums here that I really understood how horrible inquiries were. Some of them will be falling off soon, but at least I can say that I have under ten inquiries in all. Thanks for the advice, it means a lot and I'm going to find myself some willpower and stick it out.
When I can finally say I have scores that look like yours and a lot of other members here on the board, it'll all have paid off.
12-10-2011 07:35 AM - edited 12-10-2011 07:36 AM
You are at an important part of your credit life. Dont screw it up. Garden those cards and dont get any more. Make every payment and dont be late. 2 years from now youll be asking us whats better, amex or barclays. 4 years down ghe road you may very well be house shopping with a great score and rate offers.
12-10-2011 07:46 AM
As one rebuilder to another.......
GARDEN, GARDEN, GARDEN......
In this last year, I have watched mine grow, with alot of work, time....and basically just taking care of business.
FICO TU 608, FICO EXQUIFAX 542
PULLED THIS AM 12/10/2011
I say this because when I pulled my FICO last January, I actually had a FICO EQUIFAX OF 350'S I was so shocked an appalled, I refused to accept it, unitl I started reading and educating myself from this forum.
I know my scores are still POO, but its a long stride for me in a year.
Good luck, Good luck and GARDEN, GARDEN AND THEN GARDEN SOME MORE.
12-10-2011 08:19 AM
my suggestion would be different from others as I think you need to step up the game a little. "Higher limit begets higher limit" is a general rule in credit game so you should increase CL on cap1 secured to more usable amount like $1000-2000 in order to to get higher limit on later TLs. Amex Zync is somewhat easy to get even with
small collection on report. If CO're old enough( more than 3 years), there's chance you might get approved for zync with limit cap which would be later lifted if your credit improve. And reson I recommend apping for zync now is, if approved, you get "member since 2011" which would be very benificial for AAoA and fico score later on. And you might need to check TU FICO, if it's more than 660, you have good chance with barclay travelocity or apple. You might get declined at first but you could request reconsideration and approval is quite easy. You might need to read through many credit forums and you will see members whose credit on borderline for approval share experiences. Some get approved with recent derogatory, some get declined with even 5-6 years old paid collection. YMMV.
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