@Anonymous wrote:
@Anonymous wrote:
Au cards help a lot. Of course the higher the limit and older the account along with low balances makes a difference.
He also needs to work on getting the accounts his dad put on his name off the reports.
I wouldn't tie up money on secured cards if you are in a relationship and can help him. Get aggressive and you guys can start clearing his name.
And just why not? They need tradelines of their own and SDFCU is a GREAT place to start with this. Avoid the SCT except for one or two cards he may actually put regular use on.
I've said it before and again. If one can't afford to tie up a measily $500 to $1,000 on a secured card or two then they have much bigger things to worry about than credit cards.
$500 to $1000 is not measly to the vast majority of people nowadays who work at jobs with no raises and have ever increasing expenses.The point of getting au cards is to open the door for more credit than you could ever get for a long time starting from scratch with a starter or secured card.
Of course if there are negatives on the bureaus, a priority must be made to get deleted as many of them as possible, or scores won't rise as high as they need to, and new account access can be restricted, or if granted, limits will be lower.
I am a product of my own speak and so is my wife. If you have a clean file and 3-4 au cards with several years history, low balances under 10%, and larger limits like $3000 and up, that person will be able to get some cards at mainstream retailers and select banks with limits over $1000, some even as high as the au's limits.And those first cards that a person gets in his/her name solely with the benefits of the au history, will lead to other top tier cards in 6 months to 1 year.
But the derogs must be removed, or if 1 or 2 exist, they must be older.
I am not against secured cards per se, but only as a last resort if the bureaus and scores are so low that Capital One won't approve a $300 starter unsecured card.
