What to look for ?
05-16-2009 08:23 PM
Hello everyone !
well I started building my credit history last October 08, I begun with a fully secured boa card $800 cl, that will insecure by July, and got a macy*s store card just last week with $200 cl.
I have 9 hard queries in my reports( no one wanted to give me credit because I had no credit history at all )
should I try getting another card if so which one to go for ?
will discover consider newbies like me ? Since I m not a college student
or should I just be happy with what a got for now and work on getting higher CLs
what do you guys and gals think
all suggestion are very welcome.
Re: What to look for ?[ Edited ]
05-16-2009 08:32 PM - edited 05-16-2009 08:33 PM
Hello and welcome!
I think you are off to a good start. Both, the BofA card and the Macy's card have the potential to stay with you for the rest of your credit history. You will probably be able to product change the BofA card to something nicer after it unsecures.
Getting a second bank card will probably be best for your history, but I would wait until your BofA card will be one year old. That way, your chance of something nice will be better. I wouldn't try Discover right now. As you won't get a student card, a bit of history and a score of 680+ will help you with that one. At some point, you will probably be offered a Visa from Macy's, and that would be another full tradeline in addition to the store card you already have.
Re: What to look for ?
05-16-2009 09:12 PM
Many CU's pull EQ (TU more often in the northwest.)
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007