topic Re: First Premier Bank in General Credit Topics

First Premier Bank

Anonymous — Sun, 08 Jul 2007 21:33:41 GMT

I got a preapproval card for the Platinum First Premeir Bankcard but im not sure if I want to apply for it with all the card fees. I recently opened a secured loan and secured CC with CU about 2 months ago to restablish my bad credit. My goal is to raise my score...

Should I apply for this card or any other offer or do I just hang on with what I have? I have about 17 Derog accounts, Public REcord, 6 Collection Accounts and my Fico Score is 505 TU 591 EQ 615 EX.

Thanks for the info..

Re: First Premier Bank

Anonymous — Sun, 08 Jul 2007 22:20:45 GMT

i wouldnt bother....them thar' cards that charge you 275 in fees and give you a 300 cl are ripoffs.

instead, go to bank of america and apply for a card....they will probably deny you, but might offer you a BOA 99/500 secured card either online or by mail after you are denied. BOA also has decent fully secured cards, so people here say. orchard is also touted as a decent secured card.

you are wasting money that could be used for pfd's or ut by forking over a load of cash to these ripoff cards, like first premier.

Message Edited by dog on 07-08-2007 06:20 PM

Re: First Premier Bank

ah32 — Sun, 08 Jul 2007 22:23:15 GMT

Don't apply. They not only charge crazy fees, but also cost you $7 to pay online.

Re: First Premier Bank

Anonymous — Sun, 08 Jul 2007 23:26:27 GMT

I would love to see if I can get the 99/500 bofa but I have CO with them already for $1000. Last payment was in 11/02 on my...

Do you guys recommend anything else besides FIrst Premier Bank and BofA to restablish my credit/increase my score?

Thanks

Re: First Premier Bank

Anonymous — Sun, 08 Jul 2007 23:33:56 GMT

you should try any secured card.....

i do recommend that you avoid credit one bank (formerly first nat'l bank of marin)....they bill your annual fee across 12 months, so that you always have a balance. yuck!

Re: First Premier Bank

Anonymous — Sun, 08 Jul 2007 23:42:52 GMT

I already have a secured credit card from my local credit union for $400.00. I also applied for a secured loan with the same Credit Union at around $500.00 and was approved. My Scores have increased in about 2 months...but..

You guys think this enough to increase my score as time goes by?

Oh and I also was approved last year for an $18000.00 auto loan with an 18.5% interest rate..

Is this all I need for now or should I even try to apply for more secured/unsecured credit cards/loans?

What would you guys do if you were me?

Thanks for all yas help..

Re: First Premier Bank

Anonymous — Sun, 08 Jul 2007 23:48:25 GMT

if i were you, i would try to get a couple more of them thar' cards, even if secured, and keep them at 1-9% ut. i went hog wild and have a bunch of new accounts, but got them only for ut purposes.

i am of the school of thought that it is worth the initial "new account" and "inquiry" hits that your scores may take to end up with several good-looking tl's. after 6 months or a year, the inquiry and new account factor will start fading away, and you will have good tl's reporting!

Re: First Premier Bank

Anonymous — Sun, 08 Jul 2007 23:51:08 GMT

Let me ask you a simple ? DO YOU READ EVERYTHING ON THE APPROVAL LETTER?I would advice you not to apply for this card it will get you into more trouble sooner or later.Just shred them and dump it in the garbage.Good luck.Orchard bank is a better choice.:smileyhappy:

Re: First Premier Bank

Anonymous — Sun, 08 Jul 2007 23:52:34 GMT

sylva is right on the money!

Re: First Premier Bank

Anonymous — Mon, 09 Jul 2007 01:39:33 GMT

Hey thanks guys for all the advice. Now i have a long road ahead. Ima try orchard bank and mybe the Chevron Card to restablish my credit. WIsh me luck..

Thanks

Re: First Premier Bank

Anonymous — Mon, 09 Jul 2007 01:55:12 GMT

Oh no. I can't apply for a Orchard Bank card because it's HSBC. I have a 4 accounts with them that are delinquent from 2002...

Im running out of choices here..

Re: First Premier Bank

Anonymous — Mon, 09 Jul 2007 01:59:42 GMT

I would stay away from FPB. I have 2 cards now which I've had for years. The fees are outrageous and it is difficult to obtain a CLI.

I am only keeping them because I don't want to close them but am keeping the balances close to $0.

Re: First Premier Bank

Anonymous — Mon, 09 Jul 2007 02:02:59 GMT

step away from the application with you hands in the air....

Re: First Premier Bank

Anonymous — Mon, 09 Jul 2007 02:05:19 GMT

I threw it away already.

Thanks

Re: First Premier Bank

Anonymous — Mon, 09 Jul 2007 15:14:56 GMT

Right now you've got a secured card, and a small loan with your Credit Union. What I would do is just chill for a few months, use your card wisely, pay in full or leave the 1-9% utilization, pay on your loan. and let your card and loan work for you. It's all about patience. You don't want to go on application spree especially if you still have a bad credit score. Just wait a few months and with good on time paying better offers should be right around the corner.

Re: First Premier Bank

Anonymous — Mon, 09 Jul 2007 16:43:32 GMT

Thanks BOSWD. I'll hold off on everything for a while.

Re: First Premier Bank

Anonymous — Mon, 09 Jul 2007 17:21:33 GMT

Yeah, I think that's the best bet. I was in a similar position about a month and a half ago. I started seeing some major improvement on my credit score, got approved for the $99/$500 BoA card and the Ochard Bank unsecured $300 CL . and I wanted to apply for maybe one more but thought better of it since I am way to fresh out of horrible credit and just didn't want anymore dings. Just want the cards to work for me.