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Currently have one TL, fingerhut, for $180, been in there one month.
Current amount of 2 degeratory accounts is around $1,200.
After the Fingerhut TL ages to 6 months, I wonder what my score will be, since it's 0 do to no old TL's.
I'm wondering if it will be enough to get a decent unsecured CC?
What's your current score?
Equifax is 604.
TU and EX are 0 due to no 6 month+ tradelines.
I have no clue why equifax has a score while the others do not.
@FixMyCredit1992 wrote:Equifax is 604.
TU and EX are 0 due to no 6 month+ tradelines.
I have no clue why equifax has a score while the others do not.
check out CUs. You can probably find one that's willing to issue you a secured card right now.
You can try BofA and CapitalOne as well.
I was approved and am getting a Secured card in a few days.
If my EQ is 604, i wonder how many points the $180 credit line will bump up the score once it ages to 6 months?
sorry should have elaborated further.
What I meant was, you can try getting some secured cards from CUs and/or BofA.
As long as the account remains in good standing for 6-12 months, BofA usually will refund you your deposit and unsecure the card. As for the CUs, it depends on their policies, but they generally are more lenient and personable. It's also a good way to get your foot into the door and start a 'relationship', so if you do end up having to apply for another card then, it'll also be easier on you since they'll can evaluate you based on your internal score as well, not just your CS and CR.
You might try Walmart & Amazon. There are other retail cards too that are unsecured. Have you applied for any others?
I've applied for easy store cards and get turned down, primarily since my CS is 0 with 2 CB's.
A lot will have to do with such a short credit file and inquiries. If you have a lot of inquiries and a short file you look desperate for credit and cc companies look negatively at that. You may have to garden awhile and let them age. Credit is a journey not a race unfortunately.
I am far from an expert, from what I've read here, might want to try walking into a Bank of America branch (I've heard them referred to a lot as being willing to work with ppl) and apply for a small unsecured. If they turn you down, go for the secured. I got the Cap One secured with the minimum too, but with no more than $200, you should be able to get that, and you can increase the limit to $3500 over time by making more deposits, but I've also heard people on here say they paid on-time, made SMALL deposits & Cap One started doing auto CLIs to the max. I think it's worth the 200 to get on your feet faster.