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Valued Member
toli77
Posts: 37
Registered: ‎01-20-2013

the master plan

so here is the master plan i've come up with after reading the forum messages.  excellent resource.  

scores: transunion 709, equifax 691 (don't have the experian yet.) 

my report has one collection which i will deal with this week (hopefully, getting it paid or settled will boost score?), then send out letter to amex about 120 day notice that occured in 2008.  (but even if i'm not successful, hopefully it goes off in 7 years?  the account has been paid.)  

 

so, after i clean up that mess (praying that it bumps up my score), recheck score in 2/2013, and then apply for a credit card. 

question is whether i would qualify for unsecured or need a secured card? which would be better?  i wish i could apply without getting it reported but alas, that's a dream world.  

 

once i obtain card, pay diligently and then get up to three cards and then build up score.  

 

any thoughts?  

 

thank you! 

Established Contributor
electra
Posts: 573
Registered: ‎10-21-2012

Re: the master plan

As it stands, your scores are not that bad.  I would think you could get an unsecured card now.   Are you or anyone in your family a member of any branch of the military?  If so, I HIGHLY recommend you apply for an account and CC with Navy Federal Credit Union.   I got a $5k unsecured credit line with them with FAR worse scores and baddies than you have.

 

Good luck!



Starting Score: TU:584 | EQ 584
Current Score: TU FICO: 711 | EQ FICO 713 | EX (USAA FAKO) 779
Goal Score: 780 across the board


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Frequent Contributor
NewbieReed
Posts: 416
Registered: ‎12-05-2012

Re: the master plan


electra wrote:

As it stands, your scores are not that bad.  I would think you could get an unsecured card now.   Are you or anyone in your family a member of any branch of the military?  If so, I HIGHLY recommend you apply for an account and CC with Navy Federal Credit Union.   I got a $5k unsecured credit line with them with FAR worse scores and baddies than you have.

 

Good luck!


 

 

+1 on the NFCU. Got one for $6K 13 months ago with my credit in the toilet ....soooo I'm sure that with scores 680-720, u could certainly secure a great CL from them. Very generous. 

Starting Score: 526 EXP 09/2012 600 FICO 10/2012 608 EX (lenderpull)11/2012
Current Score: 4/2013 TU FICO 697, 02/2013 EQ 698 FICO (lender) 04/2013 674 Credit Sesame
NEW GOAL SCORE FOR 2013Breaking into the 700 club
[OLD GOALS: For now- 680 on all 3 = GOAL REACHED IN 02/2013}
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Valued Member
toli77
Posts: 37
Registered: ‎01-20-2013

Re: the master plan

alas, no one in my family is in the military.  that is way too bad.  

Established Contributor
electra
Posts: 573
Registered: ‎10-21-2012

Re: the master plan

Don't despair though.  Go over to the CC forum and post the question as to which CC's you should app for with your scores.   I'm pretty sure with your scores you'll be able to get unsecured through banks other than NFCU if you don't qualify for them.   :smileyhappy:



Starting Score: TU:584 | EQ 584
Current Score: TU FICO: 711 | EQ FICO 713 | EX (USAA FAKO) 779
Goal Score: 780 across the board


Take the FICO Fitness Challenge
Established Contributor
hoping2rebuild
Posts: 905
Registered: ‎07-25-2008

Re: the master plan


toli77 wrote:

so here is the master plan i've come up with after reading the forum messages.  excellent resource.  

scores: transunion 709, equifax 691 (don't have the experian yet.) 

my report has one collection which i will deal with this week (hopefully, getting it paid or settled will boost score?), then send out letter to amex about 120 day notice that occured in 2008.  (but even if i'm not successful, hopefully it goes off in 7 years?  the account has been paid.)  

 

so, after i clean up that mess (praying that it bumps up my score), recheck score in 2/2013, and then apply for a credit card. 

question is whether i would qualify for unsecured or need a secured card? which would be better?  i wish i could apply without getting it reported but alas, that's a dream world.  

 

once i obtain card, pay diligently and then get up to three cards and then build up score.  

 

any thoughts?  

 

thank you! 


A paid collection score the same as unpaid try and get them to PFD


Starting Score: 377EQ/350EX/400TU As of 11/2011
Current Score: 620EQ/614EX/612TU As of 01/2013
Goal Score: 700+ across the boards

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