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Valued Member
Cranski
Posts: 94
Registered: ‎07-21-2012

Personal 1st app spree *Updated 8/22

[ Edited ]

Alright so I'm currently a full time older college student, and I only work temp sometimes.

 

It's been difficult with credit as my identity was used by a parent and left in shambles. It has take a long time to wait for things to fall off and companies yearly refusing to give my credit report.

 

First CC ever now 1 year old $600 WF secured.

 

Transunion has my oldest reports, some paid in full SECU loans from long ago, no negatives, 3 Sallie loans, and WF Reporting.  (645) 1HP

Equifax is the second longest at 4 years, has one paid in full utility nearing 2 years, 1 open $70 utility 1 year old (never sent bill, still butting heads with company), 3 Sallie loans, and WF Reporting. (630) 1HP

Experian opened 1 year ago after years of fighting and a freeze, and a complete deletion of my exsistence. 3 Sallie loans, WF Reporting. (710) 0HP

 

Now I know I need to close the collection first, and WF reporting all ontime payments (waiting for mid cycle high balance to update by credit bureaus), so after it updates do I just grab 1-3 more secure cards, or should I take the risk of unsecured student cards like Journey, or Citi?

 

Any thoughts would be appreciated, its been a long uphill walk.

 

Approved Discover More Student 1.5k (TU pull, -14/NC)

Cap One (Don't think I did right one for student, 7-10 day app process)

About to go for Citi Foward Student

Then experience Gardening >_>

CS 701, CK 682, Credit.com 719/ TU FICO 666 (DIS 8/12) EU FICO 658 (8/12)
After spree CS 738, CK 684, TU FICO 666 (Dis 8/5)

WF Secured 600Cl (7/11), Discover More 1.5k (8/12), Walmart 150CL(8/12), Cap1 Platinum w/Credit steps($300) (8/12)
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: 2nd card after lackluster year with Wells Fargo Secured

I would try Cap1 unsecured. You'll take 1 HP for all 3 bureaus but you'll gain good history to offset baddies over the next year.



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Valued Member
Cranski
Posts: 94
Registered: ‎07-21-2012

Re: 2nd card after lackluster year with Wells Fargo Secured


LS2982 wrote:
I would try Cap1 unsecured. You'll take 1 HP for all 3 bureaus but you'll gain good history to offset baddies over the next year.

Yeah the pre-qualified offers the Cap1 Platinum and Cap1 cash, I just hate the high APRs.

CS 701, CK 682, Credit.com 719/ TU FICO 666 (DIS 8/12) EU FICO 658 (8/12)
After spree CS 738, CK 684, TU FICO 666 (Dis 8/5)

WF Secured 600Cl (7/11), Discover More 1.5k (8/12), Walmart 150CL(8/12), Cap1 Platinum w/Credit steps($300) (8/12)
Established Contributor
CruzImperial
Posts: 863
Registered: ‎07-04-2012

Re: 2nd card after lackluster year with Wells Fargo Secured

My dad had an Orchard Bank credit card with $300CL unsecured when noone else would give him credit, the fee was $75 I think.

He stayed with it for 2 years and then closed it. Enough time for him to build credit and make BoA approve him for an unsecure card.

 

I don´t know about lower APR cards but I would suggest maybe a HSBC or Cap1 if you can take the HPs.

Fico Scores: . Walmart TU 748 . App free since Aug 2013 .

Cap One Journey 500 | Discover IT 1k | GE Home Design 5.6k | GE HHGREGG 5k | Amex Zync NPSL | Amex BCE 6k | Citi Forward 4.2k | Citi Dividend 3k | GE BrandsMart 1k | GE Lowes 8.5k | Discover Walmart 6k | Barclays Apple 2.5k | BoA CR 800 | CSP 7.2k
Valued Member
Cranski
Posts: 94
Registered: ‎07-21-2012

Re: 2nd card after lackluster year with Wells Fargo Secured


CruzImperial wrote:

My dad had an Orchard Bank credit card with $300CL unsecured when noone else would give him credit, the fee was $75 I think.

He stayed with it for 2 years and then closed it. Enough time for him to build credit and make BoA approve him for an unsecure card.

 

I don´t know about lower APR cards but I would suggest maybe a HSBC or Cap1 if you can take the HPs.



wow, I was flored when I got to the $75 dollar fee part. Tell your dad I send my sympathes. I have a hard time swallowing WFs $18.

CS 701, CK 682, Credit.com 719/ TU FICO 666 (DIS 8/12) EU FICO 658 (8/12)
After spree CS 738, CK 684, TU FICO 666 (Dis 8/5)

WF Secured 600Cl (7/11), Discover More 1.5k (8/12), Walmart 150CL(8/12), Cap1 Platinum w/Credit steps($300) (8/12)
Established Contributor
CruzImperial
Posts: 863
Registered: ‎07-04-2012

Re: 2nd card after lackluster year with Wells Fargo Secured

I know right lol. anyways good luck with what you choose and I hope you get approved :smileyhappy:

Fico Scores: . Walmart TU 748 . App free since Aug 2013 .

Cap One Journey 500 | Discover IT 1k | GE Home Design 5.6k | GE HHGREGG 5k | Amex Zync NPSL | Amex BCE 6k | Citi Forward 4.2k | Citi Dividend 3k | GE BrandsMart 1k | GE Lowes 8.5k | Discover Walmart 6k | Barclays Apple 2.5k | BoA CR 800 | CSP 7.2k
Valued Member
Cranski
Posts: 94
Registered: ‎07-21-2012

Re: 2nd card after lackluster year with Wells Fargo Secured

Thank you for submitting an application for a Capital One® credit card!

Notification of approval status will be typically sent in 7 to 10 business days; however, in certain circumstances it may take up to 15 days.
.... Of course, da** you wells fargo for being useless.
CS 701, CK 682, Credit.com 719/ TU FICO 666 (DIS 8/12) EU FICO 658 (8/12)
After spree CS 738, CK 684, TU FICO 666 (Dis 8/5)

WF Secured 600Cl (7/11), Discover More 1.5k (8/12), Walmart 150CL(8/12), Cap1 Platinum w/Credit steps($300) (8/12)
New Contributor
mrwheezy117
Posts: 63
Registered: ‎07-26-2012

Re: 2nd card after lackluster year with Wells Fargo Secured

When I came into the country, I had NO credit report what so ever. I tried telling creditors that my parent's reports were flawless (which it was) but that didn't do.

 

So I app'd for Cap1, got rejected. App'd for Citi, got rejected. So I went with a WF secured card. They are horrible. So after two months, I applied for Cap1 Student Card and they approved. They'll automatically give you a CLI later on if you are approved for their increase program.

 

I know a lot of people hate on Cap1 but for rebuilders/builders, they aren't bad at all. Try the student cards since you are student! 

Valued Member
Cranski
Posts: 94
Registered: ‎07-21-2012

Re: 2nd card after lackluster year with Wells Fargo Secured


mrwheezy117 wrote:

I know a lot of people hate on Cap1 but for re-builders/builders, they aren't bad at all. Try the student cards since you are student! 



He he, I was way ahead of that idea, I gave up "the chase" and went and Discovered More Student Card'... yeah i know terrible puns. "1500.00," approval after picking my jaw up from actually getting approved after a 3 minutes call. After a long year it is about time. Thanks for the help guys/gals!

CS 701, CK 682, Credit.com 719/ TU FICO 666 (DIS 8/12) EU FICO 658 (8/12)
After spree CS 738, CK 684, TU FICO 666 (Dis 8/5)

WF Secured 600Cl (7/11), Discover More 1.5k (8/12), Walmart 150CL(8/12), Cap1 Platinum w/Credit steps($300) (8/12)
Valued Member
Cranski
Posts: 94
Registered: ‎07-21-2012

Re: 2nd card after lackluster year with Wells Fargo Secured

Also I was nervous after the denial app'ing more, but I went with student anyway and got approved. Cap1 has yet to inquire CR and I only lost 14 points on the app from 687CK score. Should I go for a third card, student, before I get denied by Cap1?

CS 701, CK 682, Credit.com 719/ TU FICO 666 (DIS 8/12) EU FICO 658 (8/12)
After spree CS 738, CK 684, TU FICO 666 (Dis 8/5)

WF Secured 600Cl (7/11), Discover More 1.5k (8/12), Walmart 150CL(8/12), Cap1 Platinum w/Credit steps($300) (8/12)

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