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Valued Contributor
Posts: 2,350
Registered: ‎09-16-2011
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Re: Garden Club Meeting - November 2012


ihatemyscore wrote:

Ladies/Gentlemen,

 

I have about 20+ inquiries on each report, due to my lack of knowledge before myfico and the ultimate itch of filling out an application hoping for an approval! But I have built up my mental strength and ready to endure 24 months of NO APPING! 

 

My credit profile looks like this for now: BK7 Discharged June 2012,

Orchard(CAP1) : 113/300

Cap1 secured 150/200 

First primier 0/300

auto loan: 5k soon to PIF intrest is way to high!

 

Cap 1 Authorized user: 0/500 

 

All positive tradelines with all negative accounts in IIB status and one charge off from cap1 that will fall off 2016.

 

I know I need to pay down my balances asap and I am! Once my balances are all PIF i will start depositing 100 a month to my secured cap1 card so I can build upto a 3k balance so when I have 0 inquiries in 24 months I will look like I am in alot better shape than I am now. Any recommendations from the vets?

 

I will be canceling first primier when the 1st yr is up to avoid the annual fee and any additional fees and I suspect by then I will have built my cap1 secured to atleast 1000 dollars. I don't see why it should hurt me if I keep orchard open at a 0 balance and build my cap1 secured as well stay as a authorized user on my girlfriends cap1 which never carries a balance if it does it's PIF before statement cuts. I will be gardening my orchard and cap1 secured, I know it's not much but and I probably wont go too far with orchard but its okay because I know in 24 months when my cap1 is at its 3k limit I will be approved for some pretty good cards.. it will be 2 yrs post bankruptcy and 2 yrs of ontime payments on 3 cards.


Sorry to be the bearer of bad news, there really isn't a rush to pay down balances, it won't effect your credit in any meaningful way for now. Bk is a recipe of getting sub-prime cards for the next 5+ years. Sure the CapOne and first premies will give you credit for now, and maybe after a couple years you may be able to get in with GE money bank, if you haven't burned them in the past. You aren't going to see a prime card anytime soon. Best just to increase your limit as finances provide, make all payments, pay over the minimum payments and garden learn new financial habbits that lead to a strong credit future and you seedlings will have strong roots when the bad weeds whitter and die off. 

 

 

Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak/Freeom 4.6k, FNBO DISC 25.1k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 12k Sally Mae5.5k Sams Club MC 10k, Paypal Extras MC 7.5k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5.9k, Walmart 10k, Citi Simplicity 7k, Discover IT 15.5k and a nice stack of store cards.
Last APP/HP 4/22/2015
I should have a nice Ruby but site keeps rejecting the img tag
Member
Posts: 13
Registered: ‎11-29-2012
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Re: Garden Club Meeting - November 2012

Hi everyone. Gardening seems like the thing for me.

 

I'd like to keep up to date on everything that's going on in the credit world, but I don't want to be pushed towards making new cards.

 

I have three new cards in the last twelve months (AMEX Blue Cash Everyday, the 1.5% Capital One Visa Signature, and the Chase Hyatt) and I've managed to get my wife her first two cards this year as well (including a Citi Forward). So I think we are set until a nice 3% on everything card rolls around!

 

I'm app free since October 21, will try participating in the new December gardening thread in a few days.

 

Nice to meet you all Smiley Happy



EQ 772 (5/2013) - CS 794 (6/2013) - CK 774 (7/2013)
Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
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Re: Garden Club Meeting - November 2012


Yoshimune wrote:

Hi everyone. Gardening seems like the thing for me.

 

I'd like to keep up to date on everything that's going on in the credit world, but I don't want to be pushed towards making new cards.

 

I have three new cards in the last twelve months (AMEX Blue Cash Everyday, the 1.5% Capital One Visa Signature, and the Chase Hyatt) and I've managed to get my wife her first two cards this year as well (including a Citi Forward). So I think we are set until a nice 3% on everything card rolls around!

 

I'm app free since October 21, will try participating in the new December gardening thread in a few days.

 

Nice to meet you all Smiley Happy


 

Hello and welcome to the myfico forums! Pull up a chair and roll up your sleeves cause gardening is hard work for those of us who like shiny new things!

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



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Established Contributor
Posts: 578
Registered: ‎11-10-2012
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Re: Garden Club Meeting - November 2012

I just joined the garden club, and my last app was 11/24/12. But according to Credit Karma, I have 2 hard pulls on the 28th from Paypal and TJX. I applied for those a week before gardening. Why are they pulling my credit now? I don't want to start my gardening date over again!!!


Starting Scores: (4/16/12 lender pull) TU 596 | EX 550 | EQ 576
Current Score (9/3/15): Wally TU 639 | Amex EX 628 | DCU EQ 639
Goals: Homeowner as of 9/27/2013. Last app 8/1/15. TU-5; EX-16; EQ-13. Aiming for ZERO inqs.
Frequent Contributor
Posts: 292
Registered: ‎02-05-2012
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Re: Garden Club Meeting - November 2012

James,

 

I don't take it bad news neccessarily because when I filed I knew what I was getting into and I appreciate that you were brief and blunt about my situation. The only creditor I burned was medical debt CA and a car loan company (sub-prime).

 

Even though I won't see any PRIME cards, in the next 5 yrs does anyone have any recommendations on what I should do? I know if I build positive tradelines for 24 months and do the best to get the majority of baddies deleted from my CR some creditors will look into me. 

 

I will take your advice James to heart and I will build up my balance on my Secured card but I think I can possibly get into with my CU in the next 24 months. I don't want to be in rush because in my experience rushing anything gets you into a bigger mess than you if you just take your time..

 

Slow and steady wins the race Smiley Tongue well sometimes.. I will let all those inquiries fall off and my plans are possibily apping for a secured Wells Fargo card maybe after 12 months post bk and  then try and app for a rewards card with my CU.

BK: 7 filed 3/31/12 - Discharged 6/27/12
Made some poor choices and life snowballed
BK: 13 filed 7/29/16 - on a 36th month time out
No CC - No Loans - Student Loans all current.
Valued Contributor
Posts: 1,063
Registered: ‎05-26-2010
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Re: Garden Club Meeting - November 2012

While I don't recommend getting credit you don't need and shouldn't use, I wonder why you believe you won't see prime credits for five years (unless I misunderstand your definition of prime).

 

I have dumped my subprimes, and have more than enough credit on non-subprime cards (NFCU, Walmart Discover, First Tech FCU).  Take it slow, don't rush to apply, and culivate credit unions would be my advice.

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
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Frequent Contributor
Posts: 292
Registered: ‎02-05-2012
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Re: Garden Club Meeting - November 2012

Hi Chasmith,

 

I was accepting the response James has posted about my situation above. I thank you for your advice and my definition of prime is the high end cards from reptuable banks and credit companies. 

 

I am definetly going to take it slow and steady and just build myself up. I know in a yr when a dozen of my inquiries drop I am going to hold that itch to apply and wait until their is absolutely no inquiries on my reports and I have a solid 24 month history of 3 cards. 

 

I am going to cancel first primier in May when the annual fee comes around but garden my secured cap1 and orchard bank. I am also a AU on my girlfriends 500 limit capital one she keeps little to no balance on the card. I think she pays her netflix account and PIF every month so atleast is is active.

 

I am working to get back in with Navy. I settled a credit card with them and I am paying them back in installments and they will re-open an account for me after.

 

I had to work it up to the CEO. Navys modo is "Once a member, always a member" I know I did them wrong but I will pay all my owed debt to them which is very small and switch my direct deposits to Navy and start building a portfolio with them. Maybe theyll offer me something in the future Smiley Very Happy

BK: 7 filed 3/31/12 - Discharged 6/27/12
Made some poor choices and life snowballed
BK: 13 filed 7/29/16 - on a 36th month time out
No CC - No Loans - Student Loans all current.
Valued Contributor
Posts: 2,300
Registered: ‎07-23-2012
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Re: Garden Club Meeting - November 2012

welp another silver spade!

as posted before didnt know if its 90 days or same date. 

last app and pull was 8/30 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000
Established Contributor
Posts: 818
Registered: ‎03-16-2012
0

Re: Garden Club Meeting - November 2012

30 days app free!!!! I think I have enough cards right now... i wanna stay in the garden until 06/2014 but will take it one day at a time.... I know I will be gettin the itch once my new accounts reached 1 yr (05/2013) and my last collection falls off (06/2013)... who knows, maybe I'll finally get in with citi or discover..... and maybe get bce or csp =)


Starting Score: TU: 481 12/30/2015 EQ:561 12/30/2015 EX:532 12/30/2015 (MYFICOS) BK FILED: 09/2015 DISCHARGED 12/2015 -- 08/21/2016 TU:595 EQ: 623 EX: 610
NFCU cashRewards:$500 CreditOne:$300 Merrick:$600 Milestone:$300 Cabelas:$1000 JCrew:$250 Overstock:$250 PaypalCredit:$1050
Valued Contributor
Posts: 2,802
Registered: ‎10-10-2012
0

Re: Garden Club Meeting - November 2012

Congrats kobe2012, nice spade!

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 832 EX 783 TU 816
App free since 9/15/15

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