Delete, Delete, Delete, now No more Score

[TryingVeryHard]

Message Edited by Timothy on 02-16-2008 10:31 PM

[Anonymous]

Congrats for your friend. Your friend in a good situation! However this will take 6mo to 1yr to get where your friend wants to be. Start off by getting 3 credit cards and 1 installment loan. That is all the seed your friend will need to bloom after 12 months. Score will show up after 6mo, but 12 months is really needed. I would start with 3 secured credit cards and use them each month. Keep balances with in 10% of combined credit lines for the secured cards. Do not apply for anything after these 4 accounts so you will have 0 inquiries at the end of the 12 months. At this time your friend should get a nice mortgage rate.

[Anonymous]

8-14 months and minimum of 4 TLs  ---- 6 months of reporting to be able to 'generate a score' and the rest for aging out and reporting current balances.

[Anonymous]

You might want to edit your original post and take down those account numbers...you never know who is looking at these boards..

[Anonymous]

Sorry can't see OP's post...
When you guys say TL's/credit cards, does the number 3-4 include store cards or do you strictly mean credit cards? I have 4 TLs (visa, 2 store & small loan) is that enough? Score is due in approx a mth. Any suggestions on what prime cards to go for?

[Junejer]

Stylin, all reported credit counts as a TL.