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Established Member
Posts: 17
Registered: ‎08-12-2012
0

Subprime Monkey

I've been trying so hard for so long (just the last year or so :smileyhappy:)  to get this subprime monkey off of my back, but I just can't shake it!!! I went from two years ago not having any line of credit what-so-ever, to finally biting the bullet and getting a few subprime cards because I couldn't get a secured card. Then I was FINALLY able to obtain a Capital One Secured card and the subprime offers kept coming. I decided to take the chance so that I can have some type of credit to build on, then I was approved for a $25k car loan on a 2012 last year, have received a few increases on my cards, but still no luck from a prime card yet :smileysad: . The only thing that has happened was in the past few weeks as I was shoppping here or there whether in store or on-line, I was offered a card through pre-approval. My question is how long do you guys think I have to wait before I can 86 the subprime life and step into a card with lower interest and great rewards??? What can I do??

July, 02 EQ-615 TU-624 EX-??

Cap 1 Secured, Cap 1 (ex. Orchard), 4 subprime, 8 store, 3 catalog cards and 1 gas

AAoA 3yrs 2mths
Valued Contributor
Posts: 1,115
Registered: ‎10-31-2011
0

Re: Subprime Monkey


Scorpiion wrote:

I've been trying so hard for so long (just the last year or so :smileyhappy:)  to get this subprime monkey off of my back, but I just can't shake it!!! I went from two years ago not having any line of credit what-so-ever, to finally biting the bullet and getting a few subprime cards because I couldn't get a secured card. Then I was FINALLY able to obtain a Capital One Secured card and the subprime offers kept coming. I decided to take the chance so that I can have some type of credit to build on, then I was approved for a $25k car loan on a 2012 last year, have received a few increases on my cards, but still no luck from a prime card yet :smileysad: . The only thing that has happened was in the past few weeks as I was shoppping here or there whether in store or on-line, I was offered a card through pre-approval. My question is how long do you guys think I have to wait before I can 86 the subprime life and step into a card with lower interest and great rewards??? What can I do??


LOL I manage restaurants and know oh too well about 86'ing....Welcome to the forums!!! It can depend on a lot of things... do you have any baddies (derogs)???how many INQ in the past year???what is your current UTIL??

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Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Subprime Monkey


Scorpiion wrote:

I've been trying so hard for so long (just the last year or so :smileyhappy:)  to get this subprime monkey off of my back, but I just can't shake it!!! I went from two years ago not having any line of credit what-so-ever, to finally biting the bullet and getting a few subprime cards because I couldn't get a secured card. Then I was FINALLY able to obtain a Capital One Secured card and the subprime offers kept coming. I decided to take the chance so that I can have some type of credit to build on, then I was approved for a $25k car loan on a 2012 last year, have received a few increases on my cards, but still no luck from a prime card yet :smileysad: . The only thing that has happened was in the past few weeks as I was shoppping here or there whether in store or on-line, I was offered a card through pre-approval. My question is how long do you guys think I have to wait before I can 86 the subprime life and step into a card with lower interest and great rewards??? What can I do??


Sounds like a year of gardening will get that monkey off of your shoulder!!! :smileyhappy:




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
Established Member
Posts: 17
Registered: ‎08-12-2012
0

Re: Subprime Monkey

this year just one inquiry, I'm still waiting on like 13 to fall off :smileysurprised: ...yeah I know thats alot but I didn't know about it until last year in August from being on here, thats when I stopped. The derogs and baddies are from like 7++ years ago which I pay something off of my report every month and the utilization is at 32%, it has come down a long way from 50% around the holidays.

July, 02 EQ-615 TU-624 EX-??

Cap 1 Secured, Cap 1 (ex. Orchard), 4 subprime, 8 store, 3 catalog cards and 1 gas

AAoA 3yrs 2mths
Valued Contributor
Posts: 1,115
Registered: ‎10-31-2011
0

Re: Subprime Monkey


Scorpiion wrote:

this year just one inquiry, I'm still waiting on like 13 to fall off :smileysurprised: ...yeah I know thats alot but I didn't know about it until last year in August from being on here, thats when I stopped. The derogs and baddies are from like 7++ years ago which I pay something off of my report every month and the utilization is at 32%, it has come down a long way from 50% around the holidays.


I agree with LS but to also add if your baddies are 7+ years old you should be able to make them go away pretty easily.. 

 

Best of luck!!!!

 

Beb

ccpics2.jpg
Established Member
Posts: 17
Registered: ‎08-12-2012
0

Re: Subprime Monkey

Thanks guys...I never had a green thumb!! Guess I'll give it a try
July, 02 EQ-615 TU-624 EX-??

Cap 1 Secured, Cap 1 (ex. Orchard), 4 subprime, 8 store, 3 catalog cards and 1 gas

AAoA 3yrs 2mths
Valued Contributor
Posts: 1,568
Registered: ‎11-10-2012
0

Re: Subprime Monkey


Scorpiion wrote:

I've been trying so hard for so long (just the last year or so :smileyhappy:)  to get this subprime monkey off of my back, but I just can't shake it!!! I went from two years ago not having any line of credit what-so-ever, to finally biting the bullet and getting a few subprime cards because I couldn't get a secured card. Then I was FINALLY able to obtain a Capital One Secured card and the subprime offers kept coming. I decided to take the chance so that I can have some type of credit to build on, then I was approved for a $25k car loan on a 2012 last year, have received a few increases on my cards, but still no luck from a prime card yet :smileysad: . The only thing that has happened was in the past few weeks as I was shoppping here or there whether in store or on-line, I was offered a card through pre-approval. My question is how long do you guys think I have to wait before I can 86 the subprime life and step into a card with lower interest and great rewards??? What can I do??


Welcome to myFICO. Give it some time, things will only get better as long as you continue to do the right things. Good luck!

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