First Anniversary of my Rebuilding - 587 to 668

[srn]

Thanks for this forum. The information on this forum has helped me a lot. I started my rebuilding process in July 2011. My score was 587 which I pulled in FICO Eqi. I paid off all the collection. Next I have taken public savings secured CC for $300, after 2 months I have taken $2000 secured loan from a credit union for 1 year. This secured loan will be paid off next month.

I still have few negatives in my history (charge-offs, which I paid for collection). My credit score now is 668 (Not changed for the past 1 month). Last week I thought that I will apply for one more secured credit card (with more than $1000 limit) which makes 2 credit cards. I went to Wells Fargo bank (based on my reading on this forum) to apply for a secured credit card, and I was surprised to know that I am approved for non secured card (wells Fargo Rewards Card) with $2500 limit.

Any Suggestions on doing better to increase my score further.

[rootpooty]

you prob wont see any greater gains for now while that baddie is reporting. was the 668 score you listed a fico score? also was it with the wells fargo account reporting? I have a similar situation as yours. my scores are 660's been building since oct 2011 with 3 cc's and one baddie left. I dont think its possible to break into the 700's with a derog reporting

[srn]

668 is the FICO score before i was approved for the card. The card was approved yesterday. I am still waiting for my card.

[rootpooty]

your score is gonna take a hit from the inquiry and new account reporting

[rckstrscott]

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@rootpooty wrote:

your score is gonna take a hit from the inquiry and new account reporting

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Agreed -- the INQ and the lowering of you AAoA will lower your score intitially, unless it lowers your util a lot... but it will be good long term for sure

-scott