@Dustink she banks with Wells Fargo, she cant get a college card because she isnt in colege until this summer....
Discover IT $2,600- First Premier MasterCard $1,000- Dillards Store Card $300- Fingerhut Advantage $200
@BearsAndTurtlesRtheBest wrote:@Dustink she banks with Wells Fargo, she cant get a college card because she isnt in college until this summer....
Banks are usually okay with giving out a college product in a situation like hers. She is at the correct age and shows intent to enroll. That is likely enough. That is all US Bank asked of me when they gave me a college product.
@Dustink wrote:
@TrishN wrote:http://ficoforums.myfico.com/t5/Credit-Cards/WOW-Mom-got-a-offer-through-the-mail/td-p/1802814
too lazy to pull all his posted. check 4 of them you guy see something not right !
They could have a thousand posts like this and I would still not see it as cause for concern.
This is the same poster that applied for the fingerhut account with his info but later received the email that his dad got the hard inquiry for the account (I guess him and his dad share an email). I have to agree that some of the posts are very bizarre!!! Not sure about fraudulent, but certainly very confusing!!
100% Ficos: EX 780 , TU 783, EQ 776 inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-1/0/0~ last credit card app 6/24/13- New car loan 3/8/2014- Discover IT $12,500~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $23,300 Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050
Maybe like Dustink mentioned a small installment loan will help her credit even more.
@BearsAndTurtlesRtheBest wrote:Maybe like Dustink mentioned a small installment loan will help her credit even more.
Naw, it doesn't help the score. Maybe in the long run once it is paid off, but it is really no help in the short term. Just another INQ, lower AAoA, and an account with high utilization right off the bat.
Alright well then for now she should let her current accounts age and get bigger CLs after that Maybe a joint in a SMALL auto or personal loan??
@BearsAndTurtlesRtheBest wrote:Alright well then for now she should let her current accounts age and get bigger CLs after that Maybe a joint in a SMALL auto or personal loan??
I see no reason for an installment loan, unless there is a real need for it. If it is going to be joint anyways, then or sure there is no need for it. If somebody is willing to cosign when she wants a car, then she has no reason to build up installment history now.
Okay so then how can she go further from where she stands now?