08-04-2007 05:05 AM
08-04-2007 05:52 AM
08-04-2007 03:29 PM
08-05-2007 12:09 PM
Do you have a positive, longstanding relationship with a bank or credit union?
todothis wrote:Hi All,I was just wandering if some of you could give me pointers. I have a score of 712 with a thin credit history. Went for a loan - denied.... not enough use of credit - Applied for a cc - denied....not enough use of credit. OK so what am I suppose to do - When I applied for the loan my bank told me we don't foresee any problems (well you need a co-signer because of thin history) They also suggest to get a cc - well those two denies cost me 12 points on my fico score. Thank you bank...Now I'm scared of applying for anything since it' bringing my score down.Anybody who can help - Fico is saying that I have a great score but on the other hand I feel that I have a bad one.Any suggestions would be appreciated....
08-05-2007 12:11 PM
Just be aware that the CJ account is most useful as a temporary credit-building account. Unless you make a purchase in excess of $500, the initial credit limit of $1500 will be decreased to $500 after 6 months or so. Also, once a purchase is paid off, you need to make a new purchase within 6 months or the account will be closed soon after.
bren39 wrote:Thanks HouseHunter I tried Crown Jewelers and got approved up tp 1500...