03-28-2009 06:42 PM
03-28-2009 07:09 PM
03-29-2009 02:31 PM
I know a new account normally dings your FICO score, but since this is only my second revolving account, will it help my score also?
When should I expect to see this CC on my CR's? Do I have to wait a month for a statement to cut? I just checked my account at Cap1's website, and no statement date is available yet.
03-29-2009 03:24 PM
03-29-2009 04:49 PM
Thanks HTSU, I hope my scores do get a little bump, even if only a point or two. I'll feel "rebuilt/repaired" once I hit my June 15th goal of 660, so every little bit helps.
And here's some PROOF that FAKO's mean nothing.
I updated my truecredit.com scores on FEB 23, and they were TU 594 EQ 581 EX 536.
30 days later, I had a collection deleted and lowered my util from 56% to 8%, and so it was time for another "update" from EX and EQ since I can update TU every day. TU had gone from 594 to 603 during these 30 days, so I expected a little bit of an increase from the other two....
THEY DIDN'T MOVE A SINGLE POINT!
03-29-2009 05:28 PM
Have you bought shredder already?
Congrats to original poster, and seriously wmarat is right, once you start getting preapprovals you will probably get lots of them so you should have a shredder. Actually you should already have a shredder for bills, bank statements, etc.
Also, when you get a shredder, I recommend you do not get the cheapest one in the store, get a good one. My wife is a medical writer who telecommutes frequently so we've worn out several shredders over the years. A good shredder:
Note: if you are feeding documents to a non-crosscut shredder, then make sure the paper is positioned with the lines of text running perpendicular to the direction the paper moves! If you feed it so the lines of text run parallel to the strips then a strip may contain a complete line of text, whereas the other way a strip will contain parts of many lines of text. But you really should have a crosscut shredder and then it won't matter which orientation the text is in.
03-29-2009 05:30 PM
03-29-2009 05:47 PM
I'm going to alternate every month which card will report a small balance of a few bucks, and pay the other one in full.
If I get a third card, I'll add it to the rotation, and so on with a fourth, fifth, sixth, if I get that many at any point.
03-30-2009 07:36 PM
Congrats. Cap1 has some potential to be a great card.
I've been blacklisted for an old CC back in 2001 from Crap 1. Since I they told me they can't send me anything that they wouldn't start reporting it even though SOL is way over and not on my reports anymore. I let it fly