What happened when your 1st card started reporting.

[Anonymous]

I have a fairly thick file with student loans, a paid car auto, a couple collections, and an open car loan.   I just got a qs1 with a 500 balance and the fico simulator says my score will jump 30-40 points.  My fico 8s are in the sig.  What was your situation and how did your first card affect you?

[Anonymous]

When my 3 cards started reporting I went up almost 100pts but at the time I had zero credit cards.

[Anonymous]

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@Anonymous wrote:

I have a fairly thick file with student loans, a paid car auto, a couple collections, and an open car loan.   I just got a qs1 with a 500 balance and the fico simulator says my score will jump 30-40 points.  My fico 8s are in the sig.  What was your situation and how did your first card affect you?

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Apply for a second Cap One card - the Platinum.

[Anonymous]

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@Anonymous wrote:

I have a fairly thick file with student loans, a paid car auto, a couple collections, and an open car loan.   I just got a qs1 with a 500 balance and the fico simulator says my score will jump 30-40 points.  My fico 8s are in the sig.  What was your situation and how did your first card affect you?

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You can see what happened to me from the scores in my signature. I would apply for a secure Discover, BofA and or another Cap1 card. I have read that three is ideal, however I now have 5 cards, with 4 being bank cards and 1 being a store card. I also have Fingerhut but I am not really wanting to use that acocunt.

Edit to Add: I also have 7 Student loan accounts in good standing and one 6 year old charge off I am paying on.

[Anonymous]

I'm going to wait until this card is 6 months old before I apply for another card. I don't want to get secured cards if I don't have to

[Anonymous]

My credit card started reporting to transunion and experian. My trans Union score increased 29pts and experian increased 16pts. Kinda bummed about experian not going up more but it's a start.