08-06-2012 04:06 AM
08-06-2012 04:16 AM
Hey guys! How are you all? I must say i love this forum already. Im here basically for my wife. Were in the process of building her credit. She is currently a stay at home mom taking care of our two kids. Her current credit score is 658. We have an auto loan out and just applied and were approved for a capital one and discover cards. Were both 25. I make a base pay of 65k and usually crack 85k with overtime. We also have a 225k mortgage. Should we stick to the two cards? App for another one?
IMO, you guys are right where you need to be. Is she on all of the credit? CCs, mortgage, etc?
If so, just garden. Provided you do not have any baddies, she'll see nice increases quickly.
08-06-2012 04:24 AM
08-06-2012 05:41 AM
She is where she needs to be. You may want to open a card for yourself and possibly AU her, but that's about it. Assuming she has no negatives, keep the CC balances under 5% and she'll be good.
08-06-2012 12:37 PM
08-06-2012 08:20 PM
Mine is in my signature, but I'll post here. I have an auto installment for 4 years at 30% APR. I have four secured CCs: Capital One at 3K limit, PNC at 1300, NFCU at 1K and Coke CU at 2500. I also have a card with Target for 200 (not much I know, but its unsecured credit). No AUs here. The secured cards are my money to the dime :-)
08-06-2012 08:32 PM
I have the following
Discover card-5k limit, 235 balance
Amex 2k limit no balance on it. Havent used it in a few months.
Wife: just applied and received the folowing
Capital one 300 cl.
Discover 1k limit.
Should she app for one more card?
you should add her to your Amex as acm. Lock in her member date and help her credit. 2nd, are you due for 61st day Or 6 month Amex cli? 3rd, you need a nice visa. What's your fico right now? Also, once your wife is acm on Amex, give it 6 months or so and get herYan Amex too.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.