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Established Contributor
Posts: 930
Registered: ‎07-30-2011
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Re: What are the Credit Card guidelines

Look into the sample goodwill letters on the rebuilding sub-forum. With a few modifications, I was able to use a couple of those letters and get a 90 day late and 30 day late on two credit cards removed from my credit reports.  If you are persistent with it, it can really help your rebuilding.


Starting Score: TU: 566
Current Score: TU: 741 (Discover FICO); EQ: 755 (MyFico) EX: 774 (FAKO)
Goal Score: 800

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New Contributor
Posts: 63
Registered: ‎07-21-2012
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Re: What are the Credit Card guidelines

I would suggest cancelling the Matrix Discover because of the extremely high annual fee.

Scores: EQ-798 EX-802 TU-786

CC: |Amex PRG - NPSL| |Citi Simplicity - 22.6K| |CapOne No Hassle Rewards - 20K| |Chase Freedom 17.5K| |CSP 15K| |Discover IT - 7.8K| |Discover More - 6.1K| |GE PC Richard - 4.5K| |Amex Delta Gold - 3.5K| |Citi Goodyear - 2.5K| |CapOne Kohls - 1.5K| |GAP - 1.5K| |Macy's Amex - 1K| |Ann Taylor - 0.5K| |NY&C - 0.5K|
Established Contributor
Posts: 909
Registered: ‎12-25-2010
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Re: What are the Credit Card guidelines

There are obviously some items on your credit report holding your scores down. Until they get removed or fall off, you are really not gonna get cards that are much better than what U already have... With some work, you can make it happen!!!


Starting Score: TU 686 EX 641 EQ 690
Current Score: TU 779 EX 767 EQ 740
Goal Score: 800 Club

BCE $12.5K, 5/3 Sig $10K, Wally Discover 10K, Cash+ $9K Sam's Discover 10K, Freedom $6K, Zales $5.5K, More $5K, Cap one $5K, Barclay 2.5K, Household Plat $1.5K, Household Gold $1.5K, Credit One $1K, First Premier Plat $.675K First Premier Gold $.65K
Established Contributor
Posts: 930
Registered: ‎07-30-2011
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Re: What are the Credit Card guidelines


HiHiHiHiHiHi wrote:

I would suggest cancelling the Matrix Discover because of the extremely high annual fee.


Did Capital One take over the Direct Rewards Discover from HSBC?  If he really wants a Discover, that might be a decent option if it's still available.  It has a $59 AF, but at least it offers a rewards program.


Starting Score: TU: 566
Current Score: TU: 741 (Discover FICO); EQ: 755 (MyFico) EX: 774 (FAKO)
Goal Score: 800

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