New Member
Posts: 1
Registered: ‎03-18-2013


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
Posts: 746
Registered: ‎10-15-2012

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: EQ04 689 EX04 693 TU08 723
Goal Score: 700+

Amex BCP $12300 | PSECU $10000 | Discover IT $9250 | Barclay Ring $6500 | DCU $5000 | Citi DC $4600 | Chase Freedom $4000 | PayPal Extras MC $3000 | US Airways $2000 | Cap 1 QS One $2000 | Cap 1 Platinum $1700 | Union Plus $1000 | Target $200
Valued Contributor
Posts: 1,966
Registered: ‎04-07-2009

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

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