Reply
Frequent Contributor
Posts: 378
Registered: ‎02-02-2010
0

building credit history

Tried app'ing for card with DW last month. Didn't go so well. We tried pulling scores/reports from myfico and other sites and the only one that found anything was credit karma. It gave a miserable score citing a CO in 2006. Apparently was a WF checking account that had been charging overdraft fees on overdraft fees and consquently wasnt paid. Should be falling off this year.

 

How long should we wait before trying again? She is a AU on my discover and amex. She was turned away by walmart but was approved for a $250 unsecured cap1. Still unable to pull up anything on myfico, so we will try again after a month or two of cap1 reporting.

AkAir $50k | Marriott $65k | UsAir $20k | Local CU $8k
TU: 753 / EQ: 722 / EX: 735
Senior Contributor
Posts: 7,333
Registered: ‎01-05-2013
0

Re: building credit history

Wait  at least 6 mos, but 1 yr would be better.  This way the derog info will be gone, and your DW will have some reporting history under her belt.

Community Leader
Senior Contributor
Posts: 26,912
Registered: ‎02-07-2013
0

Re: building credit history


FocusedAndDetermined wrote:

Wait  at least 6 mos, but 1 yr would be better.  This way the derog info will be gone, and your DW will have some reporting history under her belt.


Agreed

+ Chase ink =




Blogger
Posts: 3,360
Registered: ‎10-19-2012
0

Re: building credit history

+1

Help your DW manage her positive tradeline well and let the CO fall off. It'll be worth it in the long run.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.