12-31-2012 11:33 AM
Wolf Rightcoast is past that stage you need to look at his credit profile. He needs to get into a CU where the underwriting is not as strict
I think you are right about Rightcoast and CU. However, that does not apply to all rebuilders, as you asserted, and some are better off with major banks or a combination. .
12-31-2012 11:36 AM
And perhaps many disagree but I against the whole "relationship" thing.
It makes sense at some stage perhaps, but I do a lot better having checking/savings with a variety of internet banks, get mortgages from internet brokers, using internet discount brokers for shares etc, basically picking and choosing the best (for me) from each supplier. So for example eligible people could join NCFU for their great credit card rules and CDs, but not use their banking. You really aren't tied to one place anymore.
People here do this anyway with credit cards, you don't see "I have a Chase Freedom and I would like a Forward, but I wouldn't get a Citi card because I'm with Chase!"
But the relationship thing is present here with Amex, which again I don't get!
12-31-2012 11:44 AM
I guess I have been off-subject. But anyways, I believe I can join USAA and DCU but just wanted to make sure I wasnt making a bad decision dropping Wells Fargo.
If by dropping you mean (from consideration), that is not a bad decision.
I hope you don't mean closing your WF secured card. You should keep that and let it graduate, even if it takes a long while.
12-31-2012 01:37 PM
12-31-2012 01:38 PM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.