topic Re: Crown Jewelers? in Rebuilding Your Credit

Crown Jewelers?

Anonymous — Sat, 26 Jul 2008 02:27:32 GMT

I have seen a number of posts reference this company. I was thinking about applying because my score is super low, 400's and I need to start rebuilding my credit. Anything to keep in mind? Any advice or other places like this?

Re: Crown Jewelers?

Anonymous — Sat, 26 Jul 2008 02:36:18 GMT

CJ does not do a credit check as far as I know. Generally, you are approved based on your income. The only draw back is that you have to use it in order for it to show up on your CR.

Most need to pay a down payment for 6 months then it becomes a regular store CC.

I have it but have never used it.

You could try for a CC like Tribute or Cortrustbank Mastercard. They do not give high limits and there are fees attached. Maybe even a secured CC.

Re: Crown Jewelers?

Anonymous — Sun, 27 Jul 2008 08:57:41 GMT

Check out this thread all about Crown Jewelers

http://ficoforums.myfico.com/fico/board/message?board.id=rebuildingcredit&thread.id=2903

Re: Crown Jewelers?

App_Addict — Sun, 27 Jul 2008 18:00:08 GMT

Great for helping your utilization. Also keep in mind that they only report to EX, and TU.

Re: Crown Jewelers?

Anonymous — Tue, 29 Jul 2008 14:50:15 GMT

I was approved for $2500 credit limit. Bought something so it should post soon. Should help my scores out

Re: Crown Jewelers?

Anonymous — Tue, 29 Jul 2008 16:10:14 GMT

In your case...CJ would be great...you can help your UTL...and add a new account...while having no credit pulls....you need to be repairing...before getting any new credit...but CJ is great...most of us have them...

Re: Crown Jewelers?

Anonymous — Tue, 29 Jul 2008 16:11:09 GMT

Since it does not report to Equifax what is everyone doing about that?

Re: Crown Jewelers?

Anonymous — Tue, 29 Jul 2008 16:12:15 GMT

There is nothing we can do...accept that it is reporting to TU & EX...and keep trucking...

Re: Crown Jewelers?

Anonymous — Tue, 29 Jul 2008 16:13:21 GMT

I know about that, is there another account like crown jewelers that reports to equifax? large balance credit card that poor saps like me can get?

Re: Crown Jewelers?

Anonymous — Tue, 29 Jul 2008 16:14:22 GMT

No...unless you get one of those catalog cards...like USA Gold...but all of them don't report to all 3 CRAs either...

Re: Crown Jewelers?

Anonymous — Tue, 29 Jul 2008 16:16:21 GMT

slyhouse08 wrote:
There is nothing we can do...accept that it is reporting to TU & EX...and keep trucking...

Sly! I cant wait for it to post to my TU and EX they are really low. I saw where someone actually had a 40 point bump. All I want is 15 points or so.... LOL

I recieved my over priced jewelry on the 25th and of course the payment was made. Do you think it will report next month?

Re: Crown Jewelers?

Anonymous — Tue, 29 Jul 2008 16:21:12 GMT

CJ usually reports around the 1st of the month...definitely within the 1st week of the month...so I think your GOOD...but you know the CRAs are the slow ones...but your reports should be updated by the 10th...and if your UTL is high...it will definitely help....it helped me...but I don't know how much....since I had a lot of things going on at the same time...GOOD LUCK!!!

Re: Crown Jewelers?

Anonymous — Tue, 29 Jul 2008 16:33:04 GMT

I am in the same boat Miss, I can't stand the wait! Let me know how much it increases!

Re: Crown Jewelers?

Anonymous — Tue, 29 Jul 2008 16:37:26 GMT

osudelt69 wrote:
I am in the same boat Miss, I can't stand the wait! Let me know how much it increases!

An you know this............................

Re: Crown Jewelers?

Anonymous — Tue, 29 Jul 2008 16:40:23 GMT

slyhouse08 wrote:
CJ usually reports around the 1st of the month...definitely within the 1st week of the month...so I think your GOOD...but you know the CRAs are the slow ones...but your reports should be updated by the 10th...and if your UTL is high...it will definitely help....it helped me...but I don't know how much....since I had a lot of things going on at the same time...GOOD LUCK!!!

Would you call this high....

Amex Limit 18,500..... balance 8,600

Amex Limit 18,500 .... balance 10,120

B Of A Limit 10k ....... balance 1,800

Citi Bank Limit 1,300 ..balance 1,200

Citi Bank Limit 8,000.... balance 6,120

Do you think this would drastically change my score with TU 555 and EX 611?

Re: Crown Jewelers?

Anonymous — Tue, 29 Jul 2008 16:56:48 GMT

bump for sly.....

Re: Crown Jewelers?

Anonymous — Tue, 29 Jul 2008 17:00:23 GMT

Yeak thats kinda high....but I can't talk my UTL is about 90% right now...VERY HIGH...but it will be gone but the next reporting period...your at about 50% on half of your cards...and almost maked out on one...and one is good...I read somewhere else that...you get 10-15 pts..for every 10% you lower your UTL...so you can do the math...but I think CJ is not going to help you that much..you have high CLs already...just lower your UTL...in my case...I'm 24...only $500....$375...and $300 CLs...and no looking for any more...but that CJ helped my because it was my highest CL...but you have CLs way over that already...

Re: Crown Jewelers?

Anonymous — Tue, 29 Jul 2008 17:24:00 GMT

slyhouse08 wrote:
Yeak thats kinda high....but I can't talk my UTL is about 90% right now...VERY HIGH...but it will be gone but the next reporting period...your at about 50% on half of your cards...and almost maked out on one...and one is good...I read somewhere else that...you get 10-15 pts..for every 10% you lower your UTL...so you can do the math...but I think CJ is not going to help you that much..you have high CLs already...just lower your UTL...in my case...I'm 24...only $500....$375...and $300 CLs...and no looking for any more...but that CJ helped my because it was my highest CL...but you have CLs way over that already...

Aw snap

Re: Crown Jewelers?

fishbjc — Tue, 29 Jul 2008 17:36:05 GMT

Miss: Looking at your current util..you're about 49%. Adding the CJ @ $2500 will bring you down to 47%. I doubt you'll see an increase there.

Having the CJ report show up...I've seen peoples numbers actually drop a few, then begin to recover.

Re: Crown Jewelers?

Anonymous — Tue, 29 Jul 2008 18:13:49 GMT

fishbjc wrote:
Miss: Looking at your current util..you're about 49%. Adding the CJ @ $2500 will bring you down to 47%. I doubt you'll see an increase there.

Having the CJ report show up...I've seen peoples numbers actually drop a few, then begin to recover.

Thanks Fish.... I guess I better pay down on the high balanaces to help with the utilization....