12-03-2011 02:44 PM
So i finally decided to make a post after reading for some time! I need a little help and advice.
Equifax Fico 694, account age 8 years 6 months, No baddies, no lates,5 inquries
Trans Fico 637, account age 3 years 6 months,1 collection< I was a victim of id theft this should be off my report soon.No Lates 1 inqurie
I have a HSBC secured card , 200 limit <3 years 6 months> Hsbc non secured 300 limit<8 months>, and a key line of credit for 1000<6 Months>
So right now im at 54 % utilization, Im paying all 3 cards off this month,and waiting for the collection to be removed. I think both scores should be close to or above 700. Im looking to get into a good card that will grow . Ill be waiting until march or so to app but wonder what cards i should look into ? I will be using the card for daily purchases and paying off every month. Also should i remove my fruad alert from my file now that i monitor my credit ? I also plan on trying to get a auto loan within the next year and dont know what to do first...Im a newb , Help will be apreciated ..
12-03-2011 03:12 PM
I would apply for Nordstrom Visa. Even if they approve for the store card, after 7 months you can ask them for upgrade to their Visa Card. Best Customer Service and Generous Credit Limits. You can also look into applying with Credit Unions.
12-03-2011 03:22 PM - edited 12-03-2011 03:23 PM
Your EQ report is clean.....focus on banks that will pull EQ for your zipcode or state. You can read around this forum or OP will chime in with infor. Chase, Discover, CITI are a few banks I know will generally pull EQ.
I see that you are getting a car loan down the road, but having 1 inquiry hit your EQ report won't hurt that opportunity. Once you are shopping for a car loan, than you may have multiple inquiries on your CRs cause you are shopping for the best rates, therefore hurting your chance of getting approve for a prime CCs cause banks don't like to see too many inquiries within 6 months of each other.
I would focus on getting a primce CC now, since all you have is a secured card.
Question......have you had any declined for credit on your EQ report in the last 6 months?
EDIT: Sorry, I saw that you have 3 cards.
12-04-2011 09:16 AM
Thanks, ill check Nordstrom out, who do they pull from ? I got Declined on june 19 11 for a walmart cc. At the time i didn't realize that i had those fraud accounts where on my report . Also i have a fraud alert on my account , i think i should have called and explained to them before apping .
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