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Regular Contributor
Posts: 198
Registered: ‎03-02-2012
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Unsecured and Secured to rebuild???

Would it be counterproductive to have an unsecured and secured card reporting while trying to rebuild? I currently have two low limit cards ($300CL each) and just got approved for NFCU nrewards unsecured visa (1000CL). I want to open the secured nrewards to add another card that I could make CL increases to until  the CL is 5000, if that makes any sense. Any suggestions/advice?

Starting EQ Fico: 536 (3/12)
Current EQ Fico: 649 (9/13)-lender pull
TU Fico: 684 (8/13) 711-lender pull 9/13
EX Fico: 646 (8/13) 655-lender pull 9/13
Valued Contributor
Posts: 1,540
Registered: ‎08-30-2012
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Re: Unsecured and Secured to rebuild???

It will be to your advantage.

Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 712|EQ 695|EXP 723 (FICO)
Total credit $185,250; Util 14%
Goal Score: 700 across the board.
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My Journey
Regular Contributor
Posts: 190
Registered: ‎11-27-2011
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Re: Unsecured and Secured to rebuild???

How were you able to get the card from NFCU?


Starting Score:Equifax 543
Current Score:EQ665 TU 663 EXP625 updated 12/6/2014
Goal Score: 650


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Regular Contributor
Posts: 198
Registered: ‎03-02-2012
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Re: Unsecured and Secured to rebuild???

@doc101  My Grandfather is retired Army. I became a member and applied for n-rewards visa same day. They pulled EQ and TU. Got approval text message to my phone this morning. Expected denial because my util is high and I have 5-6 baddies but only 3-4 inquiries and six months paid on time for the two cap1 cards may have helped.

Starting EQ Fico: 536 (3/12)
Current EQ Fico: 649 (9/13)-lender pull
TU Fico: 684 (8/13) 711-lender pull 9/13
EX Fico: 646 (8/13) 655-lender pull 9/13
Regular Contributor
Posts: 190
Registered: ‎11-27-2011
0

Re: Unsecured and Secured to rebuild???

I have 2 uncles retired from the Army, maybe this is my cue to join. Do I need any info from them to join?


Starting Score:Equifax 543
Current Score:EQ665 TU 663 EXP625 updated 12/6/2014
Goal Score: 650


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Regular Contributor
Posts: 198
Registered: ‎03-02-2012
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Re: Unsecured and Secured to rebuild???

I needed no info but what branch my grandfather retired from. not even his name or rank was asked.

Starting EQ Fico: 536 (3/12)
Current EQ Fico: 649 (9/13)-lender pull
TU Fico: 684 (8/13) 711-lender pull 9/13
EX Fico: 646 (8/13) 655-lender pull 9/13
Established Member
Posts: 18
Registered: ‎10-07-2012
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Re: Unsecured and Secured to rebuild???

What is NFCU if you don't mind?

Starting EX : 578 EQ : ??? TU: ???
Current: EX : 630 EQ : 639 TU: 684
Goal: 700 to start
Moderator
Posts: 13,598
Registered: ‎04-15-2011
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Re: Unsecured and Secured to rebuild???

Not a problem at all, you want those positve TLs.



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!
Member
Posts: 5
Registered: ‎07-15-2007
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Re: Unsecured and Secured to rebuild???

Navy Federal Credit Union


Starting Score: EQ 489 TU 513 9/27/12
Current Score: EQ 489 TU 513 9/27/12
Goal Score: 700


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