topic Re: Success Story!!! in Credit Cards

Success Story!!!

Anonymous — Thu, 29 May 2008 01:07:40 GMT

When I started on ficoforums back in April of 2007, my score was 579 and I only had one credit card with a $500 limit and could never get a "real" credit card. I did everything I was told to on these boards for the last year. Today I applied for my first credit card in five years, with a credit score of 720. I got a Discover Card with a limit of $14,700.00! I applied online and they just told me that I was approved. When I finally called the lady to find our how much I was approved for, I almost fell out of my chair. Should I ask that the amount on the card be decreased? Also, do you think I should apply for another card too just for diversity's sake or just leave it alone? The only other credit card I have is a webbank (prime card) with the $500 limit. I have no other loans but school loans. Thanks!

Re: Success Story!!!

Anonymous — Thu, 29 May 2008 01:13:01 GMT

That should make Utilization a little easier-

Discover reports before you even get your card- so keep us posted on your score boost-

Congrats!!!!!!!!!!

I would wait until you need additional credit- and DON'T ask them to decrease it!!!!!!!

dooodooo wrote:
When I started on ficoforums back in April of 2007, my score was 579 and I only had one credit card with a $500 limit and could never get a "real" credit card. I did everything I was told to on these boards for the last year. Today I applied for my first credit card in five years, with a credit score of 720. I got a Discover Card with a limit of $14,700.00! I applied online and they just told me that I was approved. When I finally called the lady to find our how much I was approved for, I almost fell out of my chair. Should I ask that the amount on the card be decreased? Also, do you think I should apply for another card too just for diversity's sake or just leave it alone? The only other credit card I have is a webbank (prime card) with the $500 limit. I have no other loans but school loans. Thanks!

Re: Success Story!!!

smallfry — Thu, 29 May 2008 01:13:59 GMT

Never decrease your limits. Congrats on your success. Give it a few months before applying. If you had to ask you have the strength not to apply.

Re: Success Story!!!

Anonymous — Thu, 29 May 2008 01:14:15 GMT

Wow, that is great!! Great scores and CL. No, I would not want to decrease it. It does help you when you apply to other banks. Plus the higher CL's do seem to help your score's. You don't have to use it all of course!

Re: Success Story!!!

Anonymous — Thu, 29 May 2008 01:16:46 GMT

What discover card? and what is your approx. Income? If you don't mind me asking!

Re: Success Story!!!

jaxstraw — Thu, 29 May 2008 01:17:00 GMT

If you don't feel you need another card that's great. Why don't you ask for a CLI on the prime CC you do have. With a score of 720 and a new understanding of credit you could try and probably succeed if you have good history with them.
Congrats.

Jax

Re: Success Story!!!

Anonymous — Thu, 29 May 2008 01:17:50 GMT

Post of the Day !!!!!!!!!!!

dooodooo wrote:
When I started on ficoforums back in April of 2007, my score was 579 and I only had one credit card with a $500 limit and could never get a "real" credit card. I did everything I was told to on these boards for the last year. Today I applied for my first credit card in five years, with a credit score of 720. I got a Discover Card with a limit of $14,700.00! I applied online and they just told me that I was approved. When I finally called the lady to find our how much I was approved for, I almost fell out of my chair. Should I ask that the amount on the card be decreased? Also, do you think I should apply for another card too just for diversity's sake or just leave it alone? The only other credit card I have is a webbank (prime card) with the $500 limit. I have no other loans but school loans. Thanks!

Re: Success Story!!!

Anonymous — Thu, 29 May 2008 01:29:44 GMT

awesome congrats for you..that's great! and wow what a cli i will be there one day!! good job and way to go!1

Re: Success Story!!!

Anonymous — Thu, 29 May 2008 01:32:47 GMT

OMG! That is an amazing cl! Wow! Congrats! I am so proud of you!

Re: Success Story!!!

Anonymous — Thu, 29 May 2008 01:33:50 GMT

Looks like you are making some nice progress yourself!!!!!

bamagirl1 wrote:

awesome congrats for you..that's great! and wow what a cli i will be there one day!! good job and way to go!1

Re: Success Story!!!

Schoolbuskid — Thu, 29 May 2008 02:01:07 GMT

Discover must have been feeling good that day! Congrats keep up the good work!

Re: Success Story!!!

creditreformer — Thu, 29 May 2008 02:01:37 GMT

i love success stories- congrats! btw, what did you do to improve your scores?

Re: Success Story!!!

Anonymous — Thu, 29 May 2008 02:30:25 GMT

A BIG GIANT GRATZ

Re: Success Story!!!

Anonymous — Thu, 29 May 2008 02:59:45 GMT

Someone asked what type of card it was it was a Discover Motiva Card. Someone also asked about my salary - it is $86,000.00. I misquoted the $500 card - it is a SUBprime card - not a prime card. I asked the Subprime card company for a CLI a couple of months ago and they flat out denied me - but I think that is the nature of subprime cards. As far as what I did, I paid down my little $500 credit card. I also disputed and PFD'd about 6 collection agencies including TWO collection accounts from AFNI. I really had to battle AFNI but eventually won by going through the Illinois AG's Office and being very thorough about following up. I really put the pressure on the Illinois AG's Office to sue AFNI because there is a provision in the FCRA which allows them to do this. So, in turn the Illinois AG's office put pressure on AFNI and AFNI agreed to do a 1 for 1 - if I paid off one of the collection accounts, they would delete both accounts and they did - the whole thing took about 8 months though. I have learned SOO much on this board about how to improve your credit score and followed everything to the letter but I still have to say that the FICO scoring system is unfair and really penalizes the poor and people who struggle. I hate playing "the game" but I feel forced too.

Re: Success Story!!!

Anonymous — Thu, 29 May 2008 03:07:09 GMT

And thanks for all the congrats! :-)

Re: Success Story!!!

Anonymous — Thu, 29 May 2008 07:32:26 GMT

Congrats are due to you doooo! I had a little success todat also! I was at work when a ccc called and ask for me by name (Whole name) I pick up line one they ask me to verify my income (which I did) and the lady tell me you will recieve your card in 2-3 days! WOW I love these forums because I would have never applied at the places that I have. BTW do anyone know how much your score goes up for proper use and payment on cc in a month (just a average)?