So, I'm in the middle of my rebuild. I have paid all of my old CO accounts and I only have 2 CA left to pay. Since September 18th 2012, I've been able to raise my score 79 points.
So, this morning, my AU Cap1 account finally report and my utilization is 8% across 2 cards. I am on my 2nd statement with the Cap1 and will be hitting my 1st statement this weekend on my NFCU card.
My question or quandrum is this, how soon do I app for something else?
Starting Score: EQ 511 TU 552 EX 545 8/29/2012
How many cards do you have now? If it's 2+ and the AU, just wait it out till you get to roughly 640 - that opens up a whole wealth of new options for cards which are solid. If you have less than 2 of your own cards, then I'd recommend applying for something else likely in the secured range.
If you need something sooner which has a rewards package, BOFA's secured card is an excellent choice with FICO's still in the 500's as they now offer their reasonable 1-2-3 rewards package on it.
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)
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Revelate wrote:If you need something sooner which has a rewards package, BOFA's secured card is an excellent choice with FICO's still in the 500's as they now offer their reasonable 1-2-3 rewards package on it.
I know someone who's in the same boat as OP. Is this the card you're recommending?
https://www.bankofamerica.com/credit-cards/product
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