cancel
Showing results for 
Search instead for 
Did you mean: 

Rebuilding Credit - Help

tag
Anonymous
Not applicable

Rebuilding Credit - Help

Hello , I just got approved for a C1 credit card with a 300 credit limit and a CAP1 secure card with a 300 credit limit as well. Are they good starter cards to rebuild? any help will be much appriciated . THX

27 REPLIES 27
Anonymous
Not applicable

Re: Rebuilding Credit - Help

Yes they are, treat them well and use them alot if u can and PIF them during the month before your statement date and you will see that grow fast! Also, make sure that before it reports that you have a zero balance or a very small balance reporting

Message 2 of 28
whatamess
Valued Member

Re: Rebuilding Credit - Help

Just keep the balances small, or at least below what they were on your last billing cycle. If you constantly show a zero balance, it will look like you're not using the card to the CRA.

Handle ya bidness, It pays!
Message 3 of 28
Anonymous
Not applicable

Re: Rebuilding Credit - Help

Credit Score Update as of 6/29/2016 -

TU - 581

EQ - 618

EX - 574

 

 

 

Message 4 of 28
RonM21
Valued Contributor

Re: Rebuilding Credit - Help

Welcome! And yes they are good cards to start with. Try to only let one card report below 10% of the balance, and have the other report zero each month.


Total CL: $321.7kUTL: 2%AAoA: 7.0yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | AMEX-42k | DISC-40.6k | PENFED-38.4k | LOWES-35k | ALLIANT-25k | CITI-15.7k | BARCLAYS-15k | CHASE-10k

Message 5 of 28
Anonymous
Not applicable

Re: Rebuilding Credit - Help

Credit update as of 8/4/2016

 

Accounts open 

Cap Secure card CL 300

Credit One Card  CL 450

Co-signer Auto Loan  30,000

Co-signer Auto Loan  28,000

 

EQ 626

TU 639

EX 586

Message 6 of 28
Anonymous
Not applicable

Re: Rebuilding Credit - Help

As of 8/21/2016

 

Accounts open 

Cap Secure card CL 300

Credit One Card  CL 450

Co-signer Auto Loan  30,000

Co-signer Auto Loan  28,000

 

EQ 635

TU 610

EX 592

Message 7 of 28
righthererightnow
Frequent Contributor

Re: Rebuilding Credit - Help

CAP1 is a good company to work with, on rebuilding, and on just having their cards. I love their Quicksilver card, and it's helped me. Maybe switch-over to that after awhile with them.




Message 8 of 28
Anonymous
Not applicable

Re: Rebuilding Credit - Help


@Anonymous wrote:

Hello , I just got approved for a C1 credit card with a 300 credit limit and a CAP1 secure card with a 300 credit limit as well. Are they good starter cards to rebuild? any help will be much appriciated . THX


Capital one, YES.  Credit One, NO.

Message 9 of 28
Anonymous
Not applicable

Re: Rebuilding Credit - Help

Credit update as of 10/3/2016

 

Accounts open 

Cap Secure card CL 300

Citi Bank Credit Card CL 200

Credit One Card  CL 450

Co-signer Auto Loan  30,000

Co-signer Auto Loan  28,000

 

EQ 635

TU 625

EX 580

 

Message 10 of 28
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.