Chances of approval?? (long please bare with me and help!)

[MovingForward_2012]

You can go through Credit One but their fees are awful! You can try the shopping cart trick as well. Walmart might give you a small unsecured limit.

[cwwatts1202]

We are joining a credit union this week, I was thinking about applying for their CC once we have the cap one for 2-3 months. With cap one, does your secured card become unsecured? Or do you have an unsecured cap one, and a secured? 2 seperate cards?

[MovingForward_2012]

Household is owned by Capital One now.

[tooleman694]

My secured card is still secured, but they up your limit after several months and then they offered me a brand new unsecured card.

[cwwatts1202]

I was thinking about app'ing for walmart, but they're not an easy card to get are they?

[cwwatts1202]

and apping for all these cc's doesn't hurt the score?

[tooleman694]

Oh it is going to hurt you, however it will help grow your score very very fast.

I went from a 550 with no credit cards to the upper 600s in 6 months just by adding 4 credit cards.

[cwwatts1202]

Wow, just solely cause of CC's? Do you just use one at 1-9% and leave the rest at a $0 balance?

[MovingForward_2012]

It does initially but in 6-9 months it will begin to help. A big component of your score is how much credit you actively manage. The more diversified your credit portfolio is, the better your score will be.

[tooleman694]

Yup my credit cards gave me huge huge gains. I do try to keep the balances low but from time to time I let them report and pull my Fico to see what it does.