04-19-2009 09:10 AM
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.
04-19-2009 09:14 AM
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.
04-19-2009 09:24 AM - edited 04-19-2009 09:25 AM
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
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.
04-19-2009 09:40 AM
04-19-2009 10:16 AM
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.
04-19-2009 10:44 AM
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.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.