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New Contributor
TM0312
Posts: 55
Registered: ‎06-14-2012
0

It IS possible...

It has been a year and a half of hard work repairing my credit. After a foreclosure in 2004, I had ALOT of default credit cards and medical bills on my CRA's.

With the help of this board and the wealth of knowledge provided here, I feel for the first time in 10 years, I can finally see a light at the end of the tunnel.

 

After being denied for several SECURED cards a year ago, Capital One gave me a chance. I opened a $500 secured card with them and worked diligently

(weekly) with DV's, PFD's and GW's with all reporting agencies. Last summer I was forced to buy a car when my car of 13 years finally kicked the bucket. Again,

Capital One was the only one who would finance me with a high interest rate of 13.9%. I have made sure to keep my utilization between 10 - 20% which, along with deletions, has consistently raised my credit score.

 

Just recently, I opened an account with my work Credit Union. They were able to refinance my car at 5.9% interest rate. Approved me for an unsecured card ($1000 limit).

I then contacted Capital One Executive Office and asked if my secured card would ever be graduated to an unsecured card. The lady I worked with was extremely helpful, said that is no longer their policy, but she approved me for an unsecured card ($1000 limit). Lastly, I was shopping online this week and using the "shopping card trick" was able to get approved for a Victoria Secret's card (which can also be used at Bath & Body Works) with $1000 limit. I won't use that one very often, I just tend to buy a lot of Christmas gifts at B&B.

 

I'm done, time to sit back and garden! I know it's a long drawn out process, but I just wanted people to know that it IS possible! There IS a light at the end. I do have two remaining items on my CRA's. One is and old HSBC card (Midland) and the other is an old account with Verizon. I am continuing to work on those.

 

Thanks to everyone on this board who offer their advice and share their stories! You truly are a blessing to this community!


Starting Score: EQ 546 EX 560 TU 568
Current Score: EQ 703 EX 718 TU 715
Goal Score: 750


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Established Contributor
awdsmama
Posts: 756
Registered: ‎01-20-2012
0

Re: It IS possible...

Way to go, you have done a great job!!

Fico: 701 (5/22/14) 682 (5/9/2014)
Discover IT $5,200 / CU Visa $1,000 / JC Penny$3,000
App Free since 2/2013
Valued Contributor
Epcot
Posts: 2,789
Registered: ‎10-10-2012
0

Re: It IS possible...

That's great, nice going!

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 816 EX 780 TU 823
App free since 4/11/13
Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
0

Re: It IS possible...

Very nice!


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Regular Contributor
Goal850
Posts: 127
Registered: ‎07-09-2012
0

Re: It IS possible...

Congrats great progress!

Established Member
angeltimes3
Posts: 22
Registered: ‎05-04-2012
0

Re: It IS possible...

:smileyvery-happy:


Starting Score: EQ484TU503EX491 3/23/2012
Current Score: EQ625TU606EX606 Quizzle 651 CrKarma 641 3/5/14
Goal Score: 850


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Established Contributor
ktl72455
Posts: 833
Registered: ‎12-09-2012
0

Re: It IS possible...

Congrats!!  It gives up newbies hope!!  :smileyhappy:

12/4/12 TU 589 MyFico ~EQ 579 MyFico ~EX 577(Fako)
1/15/14 TU 665 | EQ 648 | EX 655 ~Myfico scores
6/8/14 TU08 666 | EQ08 656 |EX08 655 } EQ04
My Wallet: Cap1 3,500K ~FH 950 Credit One 1000~Orchard Bank 2000~ Matrix 400 ~NFCU nRewards 18K~NFCU Cash Rewards signature| 5K
Last Negs to fall off: 2-Cap1 CO's PD (fall off 1/17)~Forclosure (fall off 1/16)
Member
Irongirl
Posts: 20
Registered: ‎01-01-2013
0

Re: It IS possible...

That is great news!  We are just starting as well after a short sale and some medical collections.  Just wondering, what is 'shopping card trick'???

 

Thanks!

 

Tamara

New Contributor
TM0312
Posts: 55
Registered: ‎06-14-2012
0

Re: It IS possible...

Certain stores will pre-approve you with a soft pull on your credit report when you put items in your shopping cart and click purchase. I did research

on what stores and you can find a list here:

Shopping Cart Stores

 

Out of pure curiosity, I tried it and it did work! But be careful!!! From what I understand, it can be extremely addicting and you don't want to end

up with too many! I personally did not choose one that I know I would be too tempted to use alot. I know I'll just use it to purchase random birthday/Christmas gifts.

 

Hope that helps!


Starting Score: EQ 546 EX 560 TU 568
Current Score: EQ 703 EX 718 TU 715
Goal Score: 750


Take the FICO Fitness Challenge


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