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Unsecured and Secured to rebuild???

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rm3
Regular Contributor

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?

 
Message 1 of 9
8 REPLIES 8
madmann26
Valued Contributor

Re: Unsecured and Secured to rebuild???

It will be to your advantage.

Current FICO 9 Scores



Message 2 of 9
doc101
Regular Contributor

Re: Unsecured and Secured to rebuild???

How were you able to get the card from NFCU?


Starting Score:Equifax 543
Current Score:EQ659 TU 716 EXP677 updated 7/3/2016
Goal Score: 700


Message 3 of 9
rm3
Regular Contributor

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.

 
Message 4 of 9
doc101
Regular Contributor

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:EQ659 TU 716 EXP677 updated 7/3/2016
Goal Score: 700


Message 5 of 9
rm3
Regular Contributor

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.

 
Message 6 of 9
Anonymous
Not applicable

Re: Unsecured and Secured to rebuild???

What is NFCU if you don't mind?

Message 7 of 9
Shogun
Moderator Emeritus

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+
Take the myFICO Fitness Challenge

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!

June 2017 update: All scores over 820, just pure gardening now.
Message 8 of 9
todo02
Member

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


Take the FICO Fitness Challenge
Message 9 of 9
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