03-12-2012 04:13 PM - edited 03-12-2012 04:14 PM
Applied for Cap 1 and was accepted...I will update again in a month or so after I see how it affects my score. Thanks again everyone.
Big Congrats!!!! Is this your 1st CC in your rebuild journey?
03-13-2012 08:39 PM
Yes they do remember to stay under 9 % utilzation and find out what date your statement cuts then pay it down to the 9% or less a few days before Good Luck!!
03-18-2012 06:12 PM
Spent a half on hour trying to figure out how to send my security deposit with Cap1 only to find they approved me for an unsecured card instead of the secured one, which is of course, a very pleasant surprise. Thanks again everyone for your counsel.
03-18-2012 06:49 PM
You might want to talk to some local CUs. They are often more flexible and user-friendly than banks. They should be able to give you *some* idea before pulling your credit if you could get a secured card with them.
+1 My CU was VERY supportive of my quest to rebuild my credit. It's best if you have a decent relationship - established checking/savings. I got a quick loan from them, and paid it on time, in full, a few years back. I've been with them for 8 years, and they approved a $500 Visa (unsecured), with no annual fee, and a good interest rate. I didn't think they would give it to me. I would have probably passed on the Orchard Bank unsecured card, if I'd known they were so willing to work with me.
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