Will one secured card be enough?

finallyfixingit · ‎08-09-2014

I just started rebuilding a few weeks ago. I have already been approved for a Cap 1 secured card. Will that be enough?

7/14 Scores: EQ- 576, TU- 589, EX- 567
3/7/15 Scores: EQ- 666, TU- 680, EX- 669

last app 3/11/15

Whitneyy · ‎08-09-2014

Hello, another bank card maybe Bank of America or Wells Fargo and some type of installment line of credit like a fingerhut fresh start program.

GOAL - 700 FICO across the board!

seruby · ‎08-11-2014

That's what I started with. A capital one card with a $200 limit (only had to pay $49) last year. Cap 1 increased it to $300 3 months later, and last month they increased it to $750, no additional deposit required from me. I also got preapproved for a Merrick Bank card with a $700 limit.

I think it's helping increase my score: Just don't make any mistakes while rebuilding.

dursty87 · ‎08-11-2014

I would recommend having 2 cards when rebuilding. If you just applied for a Cap One card I would try to apply/obtain a 2nd card so they age together. That's my opinion.