topic Re: First credit cards in years! in Credit Card Approvals

First credit cards in years!

Anonymous — Fri, 23 Feb 2018 18:37:00 GMT

When I was a younger I was extremely irresponsible and let my credit score plummit to a 450 at its lowest. Paying 19% interest on a used car and having to pay someone 2k a month for rent with 2 kids because i can't get a mortgage made me realize enough is enough. Time to man up and fix my poor situation.

Since April of 2017, ive raised my score from a 450 to a 635, and offically now have 3 credit cards for the first time in 7 years!

All of you in theae forums has really helped me to figure this all out. I went from trying to find tricks to get out of my situation, to fully understanding that I alone made this bed for myself so I alone have to fix it the right way. So thank you all, this journey couldn't have started or gotten anywhere without these forums.

So here's to learning the hard way 6 years later, but to those out there who were once like me and blamed the collections, past due accounts etc. On everyone else but yourself, wake up and smell the roses. You got yourself there, time to get up and get out.

Re: First credit cards in years!

Anonymous — Fri, 23 Feb 2018 19:01:49 GMT

Congrats on improving your financial situation and getting your first credit cards in years.

Re: First credit cards in years!

simplynoir — Fri, 23 Feb 2018 19:00:19 GMT

Congratulations on your rebuild success so far. Just shows what one can accomplish when they set their minds to it.

Re: First credit cards in years!

Anonymous — Fri, 23 Feb 2018 19:21:16 GMT

Taking responsibility is a powerful drug...Congrats on your cards and the new beginning...

Re: First credit cards in years!

Anonymous — Fri, 23 Feb 2018 19:27:22 GMT

Congratulations for geting your card! Major hat tipping to you as you have figured it out and instead of wishing all of the bad mojo would go ago, you realized your mistake(s) and more importantly have changed your habits for what seems to to be for the better. I wish you nothing but the best on your re-build.

Re: First credit cards in years!

ShatteredK — Fri, 23 Feb 2018 20:30:19 GMT

Congratulations on your credit rebuilding journey, looks like your doing well!

Re: First credit cards in years!

Anonymous — Fri, 23 Feb 2018 21:00:14 GMT

Congratulations! Kudos to you for taking charge and changing the course of your credit journey for the positive. I think every person has something to learn from your story, whether it be a newbie or experienced forumer. We all can take inspiration from you. So thank you for sharing your story. 6 years is a loooonggg time but I am sure you will catch on real quick. Best of luck on the rest of your rebuild.

Re: First credit cards in years!

Anonymous — Fri, 23 Feb 2018 21:03:09 GMT

Yes...congratulations and well done!

Re: First credit cards in years!

Anonymous — Fri, 23 Feb 2018 21:21:22 GMT

Thank you all!

I really fell into debt when i was in college. Working 2 pt jobs while renting my own apartment I just lost control.

Years later with a great paying job I was able to do it, just never did until my wife gave me the business during a discussion we had about how we basically kicked ourselves in the rear the past 4 years giving a total of 108,000 in rent to our landlord instead of just investing into our own house. So i have her to thank, but now her credit will be the issue. My how the tables have turned the lazy, wait till the last minute husband now has to put a boot up her butt to get herself in check too lol. Thanks all!

Re: First credit cards in years!

AverageJoesCredit — Sat, 24 Feb 2018 00:34:28 GMT

Hi Op, great job, very inspiring. Wish you continued success.

Ok , now to the nitty gritty, do you feel like sharing what card you got approved for? Any other data points to help others who may be in a similar situation. Thanks

Re: First credit cards in years!

Anonymous — Sat, 24 Feb 2018 00:40:14 GMT

Surely! It's nothing crazy. Capital One Platinum (300), Captal One Quicksilver One (300) and just yesterday I had work done on my car at firestone to the toll of 850 bucks (vomits!!) But I was approved for a $1000 card there so it hurt a little less. Key is to just keep that utilization down, charge and make frequent payments to utilize the AZEO method, and go from there. The firestone card I charged $250 on, that will by my "except one" during the 6 months interest free period.

Re: First credit cards in years!

Anonymous — Sat, 24 Feb 2018 01:25:04 GMT

Congrats.. ignored my mess for years to the point I'm now eligible again for cards because it's been 7+ years so just got my 3 last year as well. lol. Feels great.

Not sure what you're talking about with the 2k rent though... I have no interest in being a home owner and having a mortgage anytime soon but I don't pay 2k in rent.. Maybe um make your 2 kids share a room? Lol

Re: First credit cards in years!

Anonymous — Sat, 24 Feb 2018 01:34:09 GMT

Lol tough out here on long Island. Currently renting a 2 br house (kids share a room already lol) I think renting sucks just because you're giving you're money away. At least when you own, your money goes to your house, your investment etc. Plus, you can do whatever you want to it. Not that I would change anything in the house I've been renting, but it would ve nice to have no "rules" per se. To each his own, congrats on your rebuild as well!

Re: First credit cards in years!

Anonymous — Sat, 24 Feb 2018 04:35:41 GMT

Lol ok Long Island, yeah I've heard that about living there. I think the tolls alone would kill my credit.

Yeah, that's true about renting and rules.. I couldn't deal with being told I can't have another dog or something. I guess buying a house or condo is great if you truly found the place you want to setle in for a while. Some of us are all over the place until we figure it out. Lol.

Re: First credit cards in years!

Anonymous — Sat, 24 Feb 2018 08:06:55 GMT

Congratulations on your encouraging journey.

Re: First credit cards in years!

AverageJoesCredit — Sat, 24 Feb 2018 14:02:37 GMT

Its a start. Lots of people here with Cap One experience so youll get good advice on how to strategize on maximizing your Cap One journey

Re: First credit cards in years!

SomewhereIn505 — Sat, 24 Feb 2018 14:30:46 GMT

Congrats! You definitely want to check out the various Cap One messages including the Cap One Upgrade and the various steps program. Just my 2 cents - use your Platinum and QS1, but PIF before your statement date. Cap One had promised me $250 in steps CLI, but this habit got me double the CLI.

Re: First credit cards in years!

Anonymous — Sat, 24 Feb 2018 14:35:53 GMT

Thanks guys! A little update i was looking around on the forums about CLI outside of the steps program, figured I'd give a request to see what would happen. My first card went up $100 only after 2 bill cycles! From where I was to now, I couldn't be happier. My FICO 8 just updated and I'm officially 200 pts up in 11 months! Got a goodwill letter out to capital one to try to remove a string of 4 late payments 2 years ago, hopefully that comes through too.