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Contributor
DMJones03
Posts: 93
Registered: ‎02-21-2009
0

New Credit

Hello,

I am needing to start establishing some new accounts. I currently have nothing except a au capital one account that shows on my transunion and experian accounts. I am considering Bank of Americas secured account but was wondering if anyone knows who is easy to get credit with and who does a soft pull on credit versus the hard pull. I just had 9 inquiries removed from my credit so don't want to defeat the purpose of all my hard work.

I have been looking into target or macy's? any suggestions. I do not want to open a first premier or orchard. I had bad luck with them before and the fees they are charge are ridiculous. thanks.

Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008
0

Re: New Credit

I got a Macy's but they do a hard pull.  I have an Orchard and only had to pay $39 up front.  There are no fees associated with the account. 

 

The only other ones I know of have horrendous fees.

Senior Contributor
BungalowMo
Posts: 4,237
Registered: ‎05-01-2008
0

Re: New Credit

[ Edited ]

I have a credit one card with small fees. (about 6.50/mo)  It was a hard pull, but worth it.  Started with a $350. limit about 10/05 & now have a $750. limit.  I keep the balance very low...the % rate is 24 :smileymad:

 

Great card to establish or slowly fix credit tho & they give you nice steady increases over time, which is good for your util!  I just buy stuff now & then to keep it active & in good standing.

Message Edited by BungalowMo on 04-19-2009 12:25 PM


Starting Score: 07/2011 TU 732 - EQ 717 - EX 702
Current Score: 06/2014 TU 739 - EQ '08 709 - EX 721
Goal Score: 850

Bury me in the garden...last app 06.18.14

Contributor
DMJones03
Posts: 93
Registered: ‎02-21-2009
0

Re: New Credit

do you happen to know which bureau they pull from? also, do you have any baddies on your report and if so approximately how many. thanks. It will help me to determine if I should go ahead and apply or wait awhile for fico to go up more.
Contributor
DMJones03
Posts: 93
Registered: ‎02-21-2009
0

Re: New Credit

that sound like a decent card, unlike some of the scams out there. I will give them a try. What was your score when you orginally applied and how many negatives did you have on your credit? thanks.

 

Valued Contributor
Scamp
Posts: 2,791
Registered: ‎03-18-2007

Re: New Credit

DM, you might want to try BofA's pre-app page on their website - it's a soft pull to see what they offer you, but a hard one if you go ahead and apply; occasionally they pull more than one CR, but they're a prime lender and (IMO) worth the hard inq(s).

 

Even if they don't pre-approve you for any of their unsecured cards, you may well get the counter-offer of their 99/500 partially secured card, which generally will unsecure in about 9 months.

 

If you don't get that counter-offer, their secured cards seem to be well thought of on here, and they're a good way to go for building or rebuilding credit.

 

Good luck!

_____________________________________________________________________________
It's never too late to become the person you might have been. ~George Eliot

02/12/09 EX: 701 / 02/08/10 EQ: 719 / 02/08/10 TU: 723

Backdoor Numbers, Credit Scoring 101, Understanding Your FICO Score PDF
Contributor
DMJones03
Posts: 93
Registered: ‎02-21-2009
0

Re: New Credit

thanks very much.


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