05-04-2008 08:21 PM
05-04-2008 08:49 PM - edited 05-04-2008 08:49 PM
05-04-2008 10:35 PM - edited 05-04-2008 10:37 PM
05-05-2008 04:29 AM
05-05-2008 04:43 AM
05-05-2008 05:19 AM
05-05-2008 05:57 AM
05-05-2008 06:59 AM
05-05-2008 08:35 AM
My experience with Orchard Bank was uneventful. Nothing bad, nothing good. I knew I wasn't getting around the AF, but that was expected. They served their purpose for what they are, a stepping stone. I would recommend them to anyone in need.
Tiffany1971 wrote:Hello,My husband and I are begining the long road of rebuilding our credit. We do not have any cc's currently and are activly paying off old debt that should be taken care of soon. My question is this, should I apply for an Orchard cc? I am concerned about being denied (my score 485) and the hit on the cr. We are planning on refinancing our home through FHA Secure in a few monhs and I am not sure if I should chance it, but if I am approved than the positive credit would be a blessing.I would love to hear other peoples experience and opinions. Thank you for your time!Tiffany
05-05-2008 10:03 AM
Like the others said, the card won’t grow w/you, but that’s true of just about every other subprime cc. I have 2 orchard golds- perfect history w/them for 1+ yrs, no automatic CLIs (though they did offer $100 CLI IF I paid $20 LOL no thanks), nothing really outstanding, BUT the APR is low on my accts. I’m going to combo the 2 ccs into 1 to cut my # of ccs down and hopefully orchard will @ least keep the total CL. @ this pt, they’re sockdrawered w/a 0 balance. Keeping them through @ least early 09, my 2 yr anniv b/c orchard (and first premier) is my oldest + cc tradeline @ this point. I’m definitely firing first premier!
In hindsight, I wish I’d have thought of going for BA’s (or another prime lender) secured cc. you have to put $ upfront for those cards, but they WILL grow w/you. btw, if you can’t put the $ up for BA/another secured cc, consider Capital 1…some of their cards WILL grow w/you and they have fewer fees than first premier etc.
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.