topic Re: Options? in Credit Cards

Options?

Anonymous — Mon, 03 Nov 2008 21:04:01 GMT

I'm in the process of rebuilding and have terrible scores. Problem is no open credit cards, waiting on BofA response, mortgage never late, installments all on time now, but have 2 loans that have had some late pay that will be paid off very soon. How else can I build?

Re: Options?

Anonymous — Mon, 03 Nov 2008 21:10:21 GMT

@Anonymous wrote:
I'm in the process of rebuilding and have terrible scores. Problem is no open credit cards, waiting on BofA response, mortgage never late, installments all on time now, but have 2 loans that have had some late pay that will be paid off very soon. How else can I build?

How bad are the scores maybe we can provide some elads on accounts you can open?

Re: Options?

Anonymous — Mon, 03 Nov 2008 21:15:23 GMT

476 with Equifax, waiting on some pre-Hippa activity before pulling other scores. But Fako's were about 500.

Re: Options?

Anonymous — Mon, 03 Nov 2008 21:29:04 GMT

You might try establishing a relationship with your local credit union, and seeing if you qualify for a secured card. It reports as a normal, revolving TL, normally with a "secured" notation in the remarks spot on your CRs. This has no effect on your score aside from the positive boost of an open TL.

Re: Options?

Anonymous — Mon, 03 Nov 2008 22:32:49 GMT

If bofa declines they may offer the secured which i would take if they do. With your scores, i would try national city or hsbc secured becuase they seem to approve almost anyone