@jeffery581 wrote:IMO, I would plead and beg to have the negatives removed. Be Honest and some of them might delete anything negative. Cap 1 deleted a 30 day late for me in 2011. I have also had other creditors delete items years ago. Check out the rebuilding forums. That's What I started doing in 2010 when a loan officer said "your credit is terrible".
2010 fico 500's 2016 756 .
Stick around these boards. Great SMART people on here.
Good will letters.
IMO
I agree - hit the Rebuilding forum and focus on getting those derogs removed. Once they're gone (or they fall off), then look into the cards you actually do want. Your scores are kind of low and with that amount of derogs (even though they're paid -- that will require manual review anyway), approvals might be rough.
Good luck.
Quicksilver $10,000 | Better Balance Rewards $2000 | Sallie Mae $3500 | Freedom $3500
@Anonymous wrote:Yeah, I did. But, I didn't have cards originally with them. I had Orchard, Juniper, etc. I know I screwed, don't need to be reminded
$30K in paid CO's over the last 1 year plus proves my determination. I don't mind trying for a Venture. I just don't want all my eggs in one basket. I travel a ton and get to personally expense my travel. I ran $47K through a $3.3K secured card over the last year. That's not easy to do, lots of payments. I am going to apply for Discover soon. I may have to due secured, if so I will make it a $5K secured so I have a higher balance. However, if I am forced to go secured, I have read it reports as secured not credit. What impact does that have? However, I do hear they graduate. And, if I did it in July, it would be eligible the month I should have either none to 1-2 derogs left.
Having all your eggs in the Capital One basket, with a Venture, is relying on one of the most bullet-proof banks around for Credit Cards.
If you travel, which airline do you use the most? Which hotel chain?
@NRB525 wrote:
@Anonymous wrote:Yeah, I did. But, I didn't have cards originally with them. I had Orchard, Juniper, etc. I know I screwed, don't need to be reminded
Having all your eggs in the Capital One basket, with a Venture, is relying on one of the most bullet-proof banks around for Credit Cards.
If you travel, which airline do you use the most? Which hotel chain?
80% Hilton and SW. I am Diamond and A Preferred. I'm already Diamond for next year...
The reason for the "eggs" comment is because I fear if one of my cards is compromised, they may freeze the 3 I have. I want something from a different bank for safety. I should have mentioned that I excluded the Venture card because I plan on getting it. I'm a loyalist at heart. Cap1 will always be in my wallet, since they were the first in. I do have to admit I'd like to get a HHonors Amex and a SW card. But, I think I am 1.5-2 years away from that. I just have to accept that I am going to have to grind it out. I do plan on starting a GW campaign, I am just not sure who, what (to write) and where to send them. I am waiting for my credit report to update with the reflection of the payments I made to pay off the last of my debt. My CR's state that I am 60% UTI because of 3 accounts (that are now paid, just not updated) that are reporting balances that are greater than limits. I imagine I may see a boost when my UTI drops down below 10%.
If I were in your shoes I wouldn't hesitate to go the Discover secured route. Is a GREAT credit card product, and even in secure format, it offers cash back rewards, which are in a double cash back promotion. Meaning you can essentially get 2% or 10%cash back for a full year. After a year it may graduate to unsecured. As far as it reporting as secured, that in and of itself has no impact at all on your credit score.
@Anonymous wrote:
@NRB525 wrote:
@Anonymous wrote:Yeah, I did. But, I didn't have cards originally with them. I had Orchard, Juniper, etc. I know I screwed, don't need to be reminded
Having all your eggs in the Capital One basket, with a Venture, is relying on one of the most bullet-proof banks around for Credit Cards.
If you travel, which airline do you use the most? Which hotel chain?
80% Hilton and SW. I am Diamond and A Preferred. I'm already Diamond for next year...
The reason for the "eggs" comment is because I fear if one of my cards is compromised, they may freeze the 3 I have. I want something from a different bank for safety. I should have mentioned that I excluded the Venture card because I plan on getting it. I'm a loyalist at heart. Cap1 will always be in my wallet, since they were the first in. I do have to admit I'd like to get a HHonors Amex and a SW card. But, I think I am 1.5-2 years away from that. I just have to accept that I am going to have to grind it out. I do plan on starting a GW campaign, I am just not sure who, what (to write) and where to send them. I am waiting for my credit report to update with the reflection of the payments I made to pay off the last of my debt. My CR's state that I am 60% UTI because of 3 accounts (that are now paid, just not updated) that are reporting balances that are greater than limits. I imagine I may see a boost when my UTI drops down below 10%.
Have you considered the US Bank FlexPerks Travel Rewards cards? Either the AMEX or the VISA version earns 2 points on airfare, if that is a lot of your spend, or groceries or gas (the highest spend of the three gets 2x points that month), then there's cellular, and restaurants on the AMEX. Those FlexPerks points can be 2c each max (it depends on the value of the ticket you buy) so even the base points aren't terrible. At your rate of spend, you'd fill out the 20,000 points for redemption reasonably quickly, and probably earn the bonus points to erase the AF.
You might need to build up a relationship with US Bank, but once in with them, the doors open wide.