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My cap1 arrived!

Contributor

Re: My cap1 arrived!

alright yea ill be going in a little bit to find out a little more about it
My Wallet:

Amex Zync - NPSL
Capital one - Secured $600 (soon to be axed)
Discover More - $1000

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Contributor

Re: My cap1 arrived!

The loan they offered you is a CD secured loan. I have one through charter one. It has done wonders for my credit score. I opened it in september of 2010. You get a 12 month cd for $1000 then take a loan against the cd. The loan is a 10 month loan. What I did is got the loan and opened another account were I deposited the loan money. Then I set up my payments to come out of that account automatically every month on a certain day so its never late. 5 moths after and I've gotten approved for a visa with a 3k limit from navy federal credit union and now getting accepted for store cards. I've even been getting card offers in the mail lol. If your serious about fixing your credit its an easy way to do it and a good begining.
NFCU cash rewards 10,000 -Chase Sapphire Preferred 6,900-Chase Slate 6,000- Amazon 10,000 - Walmart 10,000- lowes 12,000 - Kay jewelers 7,500 - Amex Zync NPSL - CarCare One 500
Valued Contributor

Re: My cap1 arrived!

Any updates for us?


Starting Score: 583
Current Score: 3-03-12-EQ-802 TU-806 EX-798 (EQ Beacon 9: 804 Lender Pull 3-08-12) All FICO's
Goal Score: 800+ across all three

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Mega Contributor

Re: My cap1 arrived!

 


ricefed wrote:
The loan they offered you is a CD secured loan. I have one through charter one. It has done wonders for my credit score. I opened it in september of 2010. You get a 12 month cd for $1000 then take a loan against the cd. The loan is a 10 month loan. What I did is got the loan and opened another account were I deposited the loan money. Then I set up my payments to come out of that account automatically every month on a certain day so its never late. 5 moths after and I've gotten approved for a visa with a 3k limit from navy federal credit union and now getting accepted for store cards. I've even been getting card offers in the mail lol. If your serious about fixing your credit its an easy way to do it and a good begining.

Where do you get this?

 




EQ FICO 548 3/3/16
Contributor

Re: My cap1 arrived!

ihave mine through my bank Charter One an RBS Citizens bank. Most banks offer cd secured loans but don't list them on their websites . A lot of credit unions have them too. Some banks you can even do against the money in your account. The just put a hold on the funds in the amount of the loan.
NFCU cash rewards 10,000 -Chase Sapphire Preferred 6,900-Chase Slate 6,000- Amazon 10,000 - Walmart 10,000- lowes 12,000 - Kay jewelers 7,500 - Amex Zync NPSL - CarCare One 500