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Member
Posts: 8
Registered: ‎08-13-2017
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Discover Graduation.

I started rebuilding back in April. I was approved for a $2500.00 secured card. I had 11, 12, and 12 collections on my credit reports. Now I'm down to 1 collection on trans union, and 2 collections on experian and equifax. I used the card a lot but I never had a balance over 100.00. Paid in full 3 or 4 times a month. Do you guys thing these collections will keep my card from graduating next statement.
New Member
Posts: 6
Registered: ‎09-30-2017

Re: Discover Graduation.

Hello there. I doubt it. I had my  secured Discover for 5 months, with just a $200 limit. I have been monitoring my scores carefully and cleaning up baddies. I've just 4 left now. Right at the 5 month mark, graduated  to $2500 limit, unsecured. I'd clean up the baddies as soon as you can, but mostly keep paying your balance in full and keep your util low to get graduated. You'll get there soonSmiley Happy

Established Member
Posts: 59
Registered: ‎04-19-2017
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Re: Discover Graduation.

I had a public collections on my account. I'm at 5 months on my Discover as of October 1st but haven't seen any hint of graduation yet.
FICO8
April 2017 - Experian 601, Equifax 659, Transunion is 568
May 1, 2017 - Experian 601, Equifax 659, Transuion 588
June 1, 2017 Experian 638, Equifax 661, Transunion 582
BK 13 discharged 4/4/17
Judgement - 1 medical judgment

Cards - Cap One QS1 $3k, Discover IT Secured $200, PenFed Promise $1500, Open Sky Secured $300, BOA Secured $300
Valued Contributor
Posts: 2,523
Registered: ‎03-28-2017

Re: Discover Graduation.

Much more common for graduation after 7 statements but a few have gotten it earlier.
FICO8 3/17 550EX, 570TU, 559EQ
FICO8 10/17 710EX, 693TU, 734EQ -- almost 700 club!
Gardening since Aug 7, 17

My 11 Rules to Credit Rebuilding -- read this
Established Member
Posts: 16
Registered: ‎08-26-2012
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Re: Discover Graduation.

Graduation isn't a guaranteed thing, but I would say keep doing what you are doing.  I'm 19 months in with $2,000 on deposit, never late, low util, and have been actively cleaning up baddies from my report but have not seen any movement from Discover to graduate my account.  I'm not in a hurry, either -- the key is to keep all accounts low util or PIF and keep cleaning up.


Current cards: Quicksilver $6,500 | VentureOne” $3,400 | Buypower $500 | “Discover $2,000
Current Scores: TU 626 / EQ 633 / EX 636
New Contributor
Posts: 51
Registered: ‎02-04-2017
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Re: Discover Graduation.

Nope. I am living proof. Got mines graduated last week and got my deposit back in 3 days. I have 6 collections on TU 11 on EQ and 3 on EX and student loans that was defaulted on. Didn't stop me from getting my card graduated. I tried for an increase but they decline me. TU score is 643 btw
New Contributor
Posts: 51
Registered: ‎02-04-2017
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Re: Discover Graduation.

I got my card graduated after 6 months. Wasn't expecting it. I used mines heavily though but always keep the balance low for the most part. My deposit was 1500.
Super Contributor
Posts: 9,599
Registered: ‎04-23-2016
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Re: Discover Graduation.

The Discover dilema. Many times those expecting grad dont get it those who dont expext it do. Discover isnt happy unless it plays with our emotionsSmiley Wink
Valued Contributor
Posts: 1,607
Registered: ‎04-13-2014
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Re: Discover Graduation.


Austrausky wrote:

Graduation isn't a guaranteed thing, but I would say keep doing what you are doing.  I'm 19 months in with $2,000 on deposit, never late, low util, and have been actively cleaning up baddies from my report but have not seen any movement from Discover to graduate my account.  I'm not in a hurry, either -- the key is to keep all accounts low util or PIF and keep cleaning up.


Think somewhere in the 640s for TU is a magic number ..... but as always YMMV

 

-J

 

New Contributor
Posts: 51
Registered: ‎02-04-2017
0 Kudos

Re: Discover Graduation.

You gotta use that card a lot and pay it down to have it graduate.

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