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WHICH WOULD BE BETTER TO BUILD CREDIT FASTER.....

Contributor

Re: WHICH WOULD BE BETTER TO BUILD CREDIT FASTER.....


Mopar_Jones wrote:

2 cards are always better than one.. but a lot of banks look at limits too. So the higher limit you have on any given card, the better your chance for approval for a higher limit when the time comes. I would do $9k on one card and $1k on the other..

 

I know there are a lot of credit unions that will do secured cards up to those amounts.. I think Wells Fargo does too..


I think you will need to have a account before you can have a secured card with Wells Fargo...anyone else heard of this?


Starting Score: 612 EQ 6-1-2013
Current Score: 12-26-13 656 EQ(FICO) 608 TU(FAKO) 632(FICO) EX
Goal Score: 700 FICO on all three by 7/1

"The Struggle is real"
Take the myFICO Fitness Challenge



Moderator Emerita

Re: WHICH WOULD BE BETTER TO BUILD CREDIT FASTER.....

I just learned from Guinness56, that it IS possible to have liens in CA removed if they are paid.


....'once a lien has been levied, you can petition the court to remove it once the debt has been resolved. The easiest way to remove it is to file a motion to expunge in small claims court and show documentation the taxes have been paid in full.'

I'm racing to Small Claims Court!
Super Contributor

Re: WHICH WOULD BE BETTER TO BUILD CREDIT FASTER.....


09Lexie wrote:
I just learned from Guinness56, that it IS possible to have liens in CA removed if they are paid.


....'once a lien has been levied, you can petition the court to remove it once the debt has been resolved. The easiest way to remove it is to file a motion to expunge in small claims court and show documentation the taxes have been paid in full.'

I'm racing to Small Claims Court!

Slow down don't run no one over now Lol

Good news 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Moderator Emerita

Re: WHICH WOULD BE BETTER TO BUILD CREDIT FASTER.....

Even though it would be off in a year- I want it off now!
Contributor

Re: WHICH WOULD BE BETTER TO BUILD CREDIT FASTER.....


09Lexie wrote:
I just learned from Guinness56, that it IS possible to have liens in CA removed if they are paid.


....'once a lien has been levied, you can petition the court to remove it once the debt has been resolved. The easiest way to remove it is to file a motion to expunge in small claims court and show documentation the taxes have been paid in full.'

I'm racing to Small Claims Court!

Wow! if this is true, i will follow up with it!   I just got notification from FICO.com, that, because i am having something investigated on My equifax, my score just dropped 31 pts!! yikes!!! is that temporary?


Starting Score: 612 EQ 6-1-2013
Current Score: 12-26-13 656 EQ(FICO) 608 TU(FAKO) 632(FICO) EX
Goal Score: 700 FICO on all three by 7/1

"The Struggle is real"
Take the myFICO Fitness Challenge



Contributor

Re: WHICH WOULD BE BETTER TO BUILD CREDIT FASTER.....


09Lexie wrote:
Even though it would be off in a year- I want it off now!

I wonder if you can do the same process for a BK?


Starting Score: 612 EQ 6-1-2013
Current Score: 12-26-13 656 EQ(FICO) 608 TU(FAKO) 632(FICO) EX
Goal Score: 700 FICO on all three by 7/1

"The Struggle is real"
Take the myFICO Fitness Challenge



Epic Contributor

Re: WHICH WOULD BE BETTER TO BUILD CREDIT FASTER.....

I would suggest First National Bank of Omaha for secured card.... they will consider you for unsecured after 15 months... you could probably apply sooner and they offer SP CLI every 4-6 months it is for unsecured card holders according to posts on here!

Super Contributor

Re: WHICH WOULD BE BETTER TO BUILD CREDIT FASTER.....


Creditaddict wrote:

I would suggest First National Bank of Omaha for secured card.... they will consider you for unsecured after 15 months... you could probably apply sooner and they offer SP CLI every 4-6 months it is for unsecured card holders according to posts on here!


The CLI policy is for unsecured customers and its every 3-4 months with SP

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Contributor

Re: WHICH WOULD BE BETTER TO BUILD CREDIT FASTER.....


Creditaddict wrote:

I would suggest First National Bank of Omaha for secured card.... they will consider you for unsecured after 15 months... you could probably apply sooner and they offer SP CLI every 4-6 months it is for unsecured card holders according to posts on here!


Do you Have a link for them?  do they require you to have an account with them in order to have a secured card with them?


Starting Score: 612 EQ 6-1-2013
Current Score: 12-26-13 656 EQ(FICO) 608 TU(FAKO) 632(FICO) EX
Goal Score: 700 FICO on all three by 7/1

"The Struggle is real"
Take the myFICO Fitness Challenge



Epic Contributor

Re: WHICH WOULD BE BETTER TO BUILD CREDIT FASTER.....


teamgray wrote:

Creditaddict wrote:

I would suggest First National Bank of Omaha for secured card.... they will consider you for unsecured after 15 months... you could probably apply sooner and they offer SP CLI every 4-6 months it is for unsecured card holders according to posts on here!


Do you Have a link for them?  do they require you to have an account with them in order to have a secured card with them?


https://www.firstnational.com/site/personal/credit-card/visa/visa-secured.fhtml

 

No I just opened one about 2 months ago... takes a little while for it to be approved but so far I have been happy.