Starting Score: TU TransRisk 532| EQ FICO 635|EX Plus 612
Wolf3 wrote:I rebuilt with 3 secured cards, a PSB secured card, HSBC secured card and Capital One card. IMO, It was a bit overkill, 1 or 2 secured cards is enough for most people but larger deposits and credit limts are desirable.
Didn't you post not just the other day that you wanted 3 cards for a max FICO perspective? 
To the OP: anyway, 2-3 cards is fine, one is too few. Don't drag out a building / rebuilding process any longer than it needs to be. Either chase the Orchard card (meh), or personally I like Wolf's suggestion if you have a CU or a national bank you do business with, try them instead. It really doesn't matter who you get a secured card from as long as, and this is important, they report to all three bureaus. Any card which doesn't report to three is extremely suboptimal, and any which doesn't report at all, is a complete waste of time from a building/rebuilding perspective.
Inquiries /shrug. Rebuilding is a multi-year process, and they only count for a year score wise. Don't worry about them now, just get your requisite credit cards open for FICO goodness.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
Goal Score: 680 in all three (01/01/14)
Take the FICO Fitness Challenge
I have both orchard and cap one...started with orchard lousy limit blah blah. Never got a cli until they were almost done being purchased by cap one. Then they gave me a whole 100 dollars! I also got the cap one under the steps now at 500 but 0 interest for a short time. I used the card until the interest kicked in. I still use both for payment history but not more than 20 or 30 a month. Sadly Hooters is gone, went from 500 to 1500 cl in no time 
Amazon is prob my other fav. They bumped me pretty quickly and since I do alot of shopping with them it's all good. Also love their 120 day 0 interest on purchases over 100 I believe it is.
westo12 wrote:
Crashem wrote:
Check out your local credit unions. Call and see if any are new credit friendly. Also, don't pull tu myfico. Use eq myfico as your guide.Can I ask why you say not to pull Myfico TU score? Just curious.
TU here = FICO '98: really not very utilized at all these days... and TU is also the least polled bureau anyway for the majority of Americans.
EQ here = FICO '04: the gold standard for mortgage applications, and still pretty relevant for credit card applications as well.
In general, the EQ score here is worth more than the TU one, and since they cost the same amount of money, if you're just going to pull one, EQ > TU.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
Goal Score: 680 in all three (01/01/14)
Take the FICO Fitness Challenge
MarineVietVet wrote:
Revelate wrote:
westo12 wrote:
Crashem wrote:
Check out your local credit unions. Call and see if any are new credit friendly. Also, don't pull tu myfico. Use eq myfico as your guide.Can I ask why you say not to pull Myfico TU score? Just curious.
TU here = FICO '98: really not very utilized at all these days... and TU is also the least polled bureau anyway for the majority of Americans.
EQ here = FICO '04: the gold standard for mortgage applications, and still pretty relevant for credit card applications as well.
In general, the EQ score here is worth more than the TU one, and since they cost the same amount of money, if you're just going to pull one, EQ > TU.
I respectfully disagree. Although TU98 is being used less and less there are still millions of pulls for TU98 made every year by lenders. But I do agree that it's probably the least pulled score.
You may be right, but the major lenders have all moved on to my knowledge, and I suspect there's perhaps billions of '04 pulls in comparison to possible millions of '98 pulls. I probably certainly overstated the case though even though I do think it's a few orders of magnitude difference. Even discounting the mortgage and auto applications of which I don't think '98 is used at all (certainly not for mortgage) I think '04 and even '08 both are more utilized these days than '98. Could be wrong though, I know you, PD, and a few others I respect swear otherwise, but it just doesn't seem to track anecdotally.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
Goal Score: 680 in all three (01/01/14)
Take the FICO Fitness Challenge
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