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Valued Member
crystal0920
Posts: 45
Registered: ‎11-29-2013
0

Finally have a score. Should I apply for a real card?

joined USAA credit monitoring service and it shows a fako score of 710 for experian and equifax, Transunion says 9002. I have no idea where that number comes from.

 

 The only thing showing on my reports is Kay Jewlers, $300 limit 0 balance Should I try for a real visa or master card or a good store card since I now have a score or just wait a while? I do also have although not reporting Cap1 $500  Cap 1 Secured $200 Badcocks $1,500. I also applied for before I had anything reporting and been denied walmart. Amazon, FireStone, Macy's, Citi and discover student cards all denied for no credit history

Fico scores 6/1/14 Ex 680 Eq 668 TU 692

Cap 1 Unsecured $750 / Cap 1Secured $200 / Kay's $300 / BOA $500 partial secured / Badcock account $1,200

Denied: Kohls, Discover IT, Barclays, DCU
Valued Contributor
Themanwhocan
Posts: 1,655
Registered: ‎04-04-2013
0

Re: Finally have a score. Should I apply for a real card?

How long have you had the Kays card?


Valued Member
crystal0920
Posts: 45
Registered: ‎11-29-2013
0

Re: Finally have a score. Should I apply for a real card?

Only  2 weeks

Fico scores 6/1/14 Ex 680 Eq 668 TU 692

Cap 1 Unsecured $750 / Cap 1Secured $200 / Kay's $300 / BOA $500 partial secured / Badcock account $1,200

Denied: Kohls, Discover IT, Barclays, DCU
Valued Contributor
bigblue7722
Posts: 1,247
Registered: ‎05-17-2013
0

Re: Finally have a score. Should I apply for a real card?

How old is your oldest account? If it is less than 6 months you dont have a true fico score

TU08 Fico Score (689)-Goal Score-(750)
AMEX PRG NPSL,CSP $6000, AMEX BCE $5000, Chase Marriott $5000,Chase Hyatt $5000, Capital One Quicksliver $3500,Chase Freedom $3200, Discover it $3000,Paypal smart connect $3000, Sallie Mae Mastercard $2900
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Senior Contributor
myjourney
Posts: 26,602
Registered: ‎02-07-2013
0

Re: Finally have a score. Should I apply for a real card?

[ Edited ]

More info needed 

INQ's in the last 12 months 

Baddies

 Fico scores

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Valued Contributor
Themanwhocan
Posts: 1,655
Registered: ‎04-04-2013
0

Re: Finally have a score. Should I apply for a real card?

Right. You can't trust fako scores.

 

Wait a year and you'll be ready to do an app spree and get several good bank cards all at once. But if you are too impatient, well, you have to wait at least 6 months to even have a real fico score... and even then it won't get you a good starting credit limit...

 

And if you do get cards at 6 months, you'll be using more HP's trying to get the credit limits increased, etc, etc. It is really better and easier if you can wait a full 12 months.


Valued Contributor
Themanwhocan
Posts: 1,655
Registered: ‎04-04-2013
0

Re: Finally have a score. Should I apply for a real card?

Oh, and you mentioned being denied for student cards. What is your income?


Valued Member
crystal0920
Posts: 45
Registered: ‎11-29-2013
0

Re: Finally have a score. Should I apply for a real card?

I make about $15,000 year not a whole lot

Fico scores 6/1/14 Ex 680 Eq 668 TU 692

Cap 1 Unsecured $750 / Cap 1Secured $200 / Kay's $300 / BOA $500 partial secured / Badcock account $1,200

Denied: Kohls, Discover IT, Barclays, DCU
Epic Contributor
Creditaddict
Posts: 20,794
Registered: ‎10-23-2007
0

Re: Finally have a score. Should I apply for a real card?

you will get a score from fakos right away but you won't generate a Fico score until you have had an account for 6 months.

Do not apply for anything until you wait 6 months and sign up for the trial of Score Watch here at Myfico and see a real score generated.

Fico Scores: EQ- 682 DCU, TU 696 Walmart, EX 695 NASA(10-6-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
63 Cards and Counting :smileytongue:
Frequent Contributor
LearningMoreAboutCredit
Posts: 471
Registered: ‎11-08-2007
0

Re: Finally have a score. Should I apply for a real card?


crystal0920 wrote:

joined USAA credit monitoring service and it shows a fako score of 710 for experian and equifax, Transunion says 9002. I have no idea where that number comes from.

 

 The only thing showing on my reports is Kay Jewlers, $300 limit 0 balance Should I try for a real visa or master card or a good store card since I now have a score or just wait a while? I do also have although not reporting Cap1 $500  Cap 1 Secured $200 Badcocks $1,500. I also applied for before I had anything reporting and been denied walmart. Amazon, FireStone, Macy's, Citi and discover student cards all denied for no credit history


Definitely let new accounts report, INQ's age, and wait about 6 months before you pull the trigger on another app



Any advice given is always YMMV...

Current FICOs: 730+ across the board | Goal: >760 FICO (1 down, 2 to go) | Total CLs: $58.5k/$60k Goal | Utilization: 11% | Last App: 05/01/2014 | INQ: EX: 10, EQ: 14, TU: 9, All Expire 06/2016; No Collections/Charge Offs/BK's | AAoA: 6yrs.
| All Reports Frozen!!! | No Apps til 12/2015 | Homeowner since: 06/28/13 | White Whales: CSP, Discover IT, Sallie Mae WMC

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