Reply
Regular Contributor
ninjamike81
Posts: 208
Registered: ‎08-16-2012
0

rebuilding credit what card next

hi I have been repairing my credit for 2+ years.  I got approved for capitol one card for 500.00 about 3 months ago.  my second statment was payed yesterday.  im waiting for the card to show up on my reports.  when it does it will show 1-2% util.  its the only card i have.  also on my reports are 4 student loans and TU has 1 delq. student loan  from 9/2006.  my question is whats the next card i should apply for?  or a list to spree would be better. im waiting till the card show on reports than im ordering fico scores on hereto see where i really stand and i thought it would be a higher score because it finally will show revolving credit.  every app i filled out last year said no revolving accts.  now that is showing should i be ok to start applying     thanks for reading


Starting Score: TU 583, EX 683, EQ 653
Current Score: 10/12/14 TU DISCOVER FICO 743 LENDER PULL 9/24/2014 EQ FICO 751 EXPERIAN 757
Goal Score: 750

WALLET: CAP ONE UNSEC $2000, WALMART $3800, CITI SIMPLICITY $2600, DISCOVER IT $2000, BBRZ $2200, AMEX BCE $10,000 KAWASAKI GOOD TIMES CARD $21,000
New Member
CorporalAv
Posts: 16
Registered: ‎08-06-2012
0

Re: rebuilding credit what card next

you have some pretty good scores with the exception of your TU. I would apply for a Chase Freedom card or Discover More or even AMEX Zinc. I have read many people have had much success getting that card. I could be wrong, do you have access to NFCU? 

FAKO Scores: EX 630 | EQ 630 | TU 606

FICO Scores EX ??? | EQ 618 | TU ???
Established Contributor
flowfaster
Posts: 787
Registered: ‎08-30-2011
0

Re: rebuilding credit what card next

Without more info I would say try for some GECRB cards like Walmart or Chevron.  The give great CLI with no-slight usage. Just don't carry a balance except for the walmart 0%.

Amex BCP/BC/Zync - Amex Business GR - Barclays NFL Visa Sig 49ers/Arrival - BoA BBR - Cap 1 Quicksilver - Citi Forward/Preferred - Chase Amazon/Freedom/Ink Plus - Discover IT - Fidelity Amex - GECRB Amazon/Walmart - PenFed PRV - Target - USAA Amex - US Bank CASH+/Club Carlson
Established Contributor
Jlu
Posts: 922
Registered: ‎06-12-2012
0

Re: rebuilding credit what card next

[ Edited ]

I'd say get a GE-backed store card at a place you shop (Amazon, American Eagle, Walmart, JC Penney etc) - you can grow your CL with them unlike your Capital One card. Stay away from First Premier, Matrix, First Centennial, Applied Bank and the like. PS What is up with your TU report?

 

I would try to GW whatever is causing your TU report to dip 100 points - that is the only thing holding me back from telling you to get a Chase Freedom or AMEX Zync.

JP Morgan Select $10k | CSP $10k | Citi TY Premier $15k | BofA 3-2-1 $15k | Chase Freedom $10k | Discover IT $10k | Barclaycard $15k | AMEX SPG $5k | AMEX PRG NPSL | NASA Platinum-Advantage $10k | CapOne Quicksilver $3k | Walmart Card $5k | Amazon Card $10k | Chase Auto 1.49% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
Regular Contributor
ninjamike81
Posts: 208
Registered: ‎08-16-2012
0

Re: rebuilding credit what card next

[ Edited ]

not able to join nfcu.  my dd214 says uncharictorized discharge form 2003.  not tryng to get anymore inq with out approval bc i have 7 on TU  7 on EX and 3 on ex.  just got denied for old navy GECRB last month bc no revolving accts

 

more info showing on report

 

FAKO'S TU 597 pulled by CK  EX 683 pulled by CS  EQ 653 pulled by FRSC

just used usaa 8/17/2012  TU 563    EQ 9002  EX 9002

inquiries TU=7 EQ=3  EX=7      

average age of  credit lines 2y 9m on TU

 

student loan   3400.00  paid as agreed  no lates

student loan   6200.00  paid as agreed  no lates

student loan   2700.00  paid as agreed  no lates

student loan   3800.00  paid as agreed  no lates

 

student loan   3200.00  charged off date of first del.  sept. 2006 falls off 10/2013

 

I was just approved for capitol one unsecured card 500cl it hasn't shown up on any report yet.  cap one live support said yesterday that they inform cra's 30 days after they generate 1st bill.   would be 8/21

 


Starting Score: TU 583, EX 683, EQ 653
Current Score: 10/12/14 TU DISCOVER FICO 743 LENDER PULL 9/24/2014 EQ FICO 751 EXPERIAN 757
Goal Score: 750

WALLET: CAP ONE UNSEC $2000, WALMART $3800, CITI SIMPLICITY $2600, DISCOVER IT $2000, BBRZ $2200, AMEX BCE $10,000 KAWASAKI GOOD TIMES CARD $21,000
Established Contributor
Jlu
Posts: 922
Registered: ‎06-12-2012
0

Re: rebuilding credit what card next

Wait for Cap1 to report and then try again. You really can't go apply for Barclaycard, Freedom, Zync at this point because they like to pull TU which they would see as 'uhh, no'. Plus they like to see a year of revolving history - especially Barclaycard which is the easiest to get (in order: Barclaycard --> Freedom --> Zync). My only other advice would be to throw some cash at a BoA Secured card that you can PC to BoA Secured w/ 1-2-3 Cash Rewards.

JP Morgan Select $10k | CSP $10k | Citi TY Premier $15k | BofA 3-2-1 $15k | Chase Freedom $10k | Discover IT $10k | Barclaycard $15k | AMEX SPG $5k | AMEX PRG NPSL | NASA Platinum-Advantage $10k | CapOne Quicksilver $3k | Walmart Card $5k | Amazon Card $10k | Chase Auto 1.49% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
Valued Contributor
Crashem
Posts: 3,096
Registered: ‎01-26-2012
0

Re: rebuilding credit what card next

Some bad advice given here.  Obviously tu score is crap so stay away from tu pullers.  You need to more cards and that should be sufficient to help you rebuild.  I would try Amex zync.  Maybe alliant fcu as I think they are experian only puller.

               LIMITS IN CARD DESCRIPTIONS
Established Contributor
Jlu
Posts: 922
Registered: ‎06-12-2012
0

Re: rebuilding credit what card next

[ Edited ]

^CorporalAv is the only one telling him to apply for something that he would not be approved for. I believe you telling him to apply for a Zync with 2 months of revolving history, 7 EX inq and a thin file is bad advice.

JP Morgan Select $10k | CSP $10k | Citi TY Premier $15k | BofA 3-2-1 $15k | Chase Freedom $10k | Discover IT $10k | Barclaycard $15k | AMEX SPG $5k | AMEX PRG NPSL | NASA Platinum-Advantage $10k | CapOne Quicksilver $3k | Walmart Card $5k | Amazon Card $10k | Chase Auto 1.49% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
Valued Contributor
Crashem
Posts: 3,096
Registered: ‎01-26-2012
0

Re: rebuilding credit what card next

Maybe.  He has the installment loans and decent aaoa.  Revolving is thin but score is within range.  If he gets rejected from zync it will be because of lack of revolving which means he should app until 6+ months.  By then any inquiry from failed app won't mean that much.

               LIMITS IN CARD DESCRIPTIONS
Regular Contributor
ninjamike81
Posts: 208
Registered: ‎08-16-2012
0

Re: rebuilding credit what card next

i dont belong to anything on there how to join page for alliant fcu.  also im guessing that my actual fico scores are lower than the fakos i have now.  I guess i will just wait till cap one shows and than order my real ficos to see exactly where I am at


Starting Score: TU 583, EX 683, EQ 653
Current Score: 10/12/14 TU DISCOVER FICO 743 LENDER PULL 9/24/2014 EQ FICO 751 EXPERIAN 757
Goal Score: 750

WALLET: CAP ONE UNSEC $2000, WALMART $3800, CITI SIMPLICITY $2600, DISCOVER IT $2000, BBRZ $2200, AMEX BCE $10,000 KAWASAKI GOOD TIMES CARD $21,000

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}