Reply
New Member
PrimusFan
Posts: 1
Registered: ‎03-18-2013
0

Hello!

I just signed up for MyFico, and it's at 706. Here's a bit about me and where I hope to get to. I am 23 years old, and have been at my current job for almost 5 years (make almost 14k a year, before taxes). I own my car. I got my first credit card (Capital One Secured) in May 2012. I sent in $49 to get the $200. I have never been late on a payment and pay it all in full. The most utilization I have ever used was 32% last month (needed clothes for work), and I thought I had it timed to where I could pay off some to drop the percentage before it posted, but the transaction stayed pending till that day -sigh-. After having the card for around 6 months they raised my limit to $300. And just this month I decided to take advantage of being able to raise my limit with deposits. And so far have it up to $500, and just sent another in today. My goal is to raise it to the $3k maximum.

 

Then I'll wait a few months and during that time work on building my Savings to a nice round number. Then I would like to try for a better credit card (one without an annual fee), then let my 2 cards help me as I then start to save up for a house. And I know it may seem weird, but I really don't want tons of credit cards. I'd rather keep it simple.

Currently have a Capital One Secured Card (5/12), with a $1,200 limit.
Current Goal: Send in deposits to get the limit to $3k.
Established Contributor
Simply827
Posts: 742
Registered: ‎10-15-2012
0

Re: Hello!

I think you should try for Chase Freedom once your Cap 1 reaches a year. If you care about having a decent limit, try to put as much money on your Cap 1 as possible before you go for the Freedom.


Starting Score: 515
Current Score: EQ 689 EX 703 TU 707
Goal Score: 700+

PSECU $10000 | Discover IT $9250 | Barclay Ring $6500 | DCU $5000 | Citi DC $4600 | Amex BCP $4100 | Chase Freedom $4000 | PayPal Extras MC $3000 | US Airways $2000 | Cap 1 Platinum $1700 | Cap 1 QS One $1500 | Union Plus $1000 | Target $200
Valued Contributor
AndySoCal
Posts: 1,949
Registered: ‎04-07-2009
0

Re: Hello!

After  a year you might talk to CAP 1 about unsecuring your card and see if you can get  credit limit increase. Something to think about.

Equifax My FICO score 815 5/28/2012, 818 on 7/28/2014 . Average of Accounts 12 years and no Installment accounts. MyFICO TU 810 6/26/2012 809 4/21/2013 MyFICO XPN -805. 2/26/2014 Discover TU FICO 813 App free since 9/2011

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+
}