topic Re: Please help...question about reporting times for CC in Credit Cards

Please help...question about reporting times for CC

Anonymous — Mon, 04 May 2009 14:39:24 GMT

Hello all! I would really appreciate any advice you can give me.

I am so very close to getting a 620 and qualifying for a mortgage loan.

I've never used credit cards, don't like the temptation of them and try to only buy what

I can afford within reason. Of course, my credit has suffered so I signed up for a secured card

with a $320 limit. My mortgage lender says that once that card starts reporting, I will see a jump of @25-30

points on my scores (she's run it through a simulator).

I have used the card, paid it down twice and received a statement but nothing yet.

It's been around 45 days and it's driving me nuts waiting. I have to be out of my rental in

40 days or so and I am poised to make an offer...as soon as this freaking card shows up.

**To those with experience with this sort of thing, how long did it take your cards to start reporting?

**Is there anything else I can do other than waiting to speed up this process?

Thanks so much for listening!

-seeker

Re: Please help...question about reporting times for CC

BungalowMo — Mon, 04 May 2009 14:45:53 GMT

If you pay it down before the ccc reports, your credit will alsways show a "0" balance.

Buy something for (for instance) $75. Wait for statement...then pay $40.00 This balance will soon show up on your CR. Then if you wantpay it off. It's good to have some usage showing.

Re: Please help...question about reporting times for CC

Anonymous — Mon, 04 May 2009 15:18:00 GMT

Which CC is it?

Re: Please help...question about reporting times for CC

Anonymous — Mon, 04 May 2009 15:23:16 GMT

Orchard Bank