topic Re: FICO score jumps! Cap1 Reporting?? in Rebuilding Your Credit

FICO score jumps! Cap1 Reporting??

Anonymous — Mon, 08 Apr 2013 12:00:58 GMT

Hi all! When I first made an effort to become aware of my credit in February I checked my score only to be blown away that I had a sad score of 602 and TWO baddies. Both were medical bills from when I was in college and the bills were being sent to my parents, as they paid all our insurance bills etc. Both were small ($25 & $147) so I paid them both off and requested a deletion from the collection agencies (CAC Corp & Berks) and issued a dispute with the CRA's. I never heard back from then until today when I checked my score - both were gone and my FICO score jumped up to 694! Hey, it's a start!

My other question is, I got approved for my first(!!) small limit ($300) card with Cap1 at the end of February and it hasn't started reporting yet, even though it has been used & paid for. When should I expect this to start reporting? I have never been late on a student loan or car payment and am trying to now build up revolving credit history... when is a good time for me to apply for another card and with who?

Thanks for any feedback you can give me!

Re: FICO score jumps! Cap1 Reporting??

dodfire — Mon, 08 Apr 2013 12:06:42 GMT

Congrats!!!!

~~How long have you had the Cap One~~? Sounds like it should report soon.

Re: FICO score jumps! Cap1 Reporting??

dodfire — Mon, 08 Apr 2013 12:06:08 GMT

@dodfire wrote:
Congrats!!!!
How long have you had the Cap One? Sounds like it should report soon.

Sorry I didnt see the first time...you said the end of Feb...I would think it should have reported by now or any day now.

Re: FICO score jumps! Cap1 Reporting??

lg8302ch — Mon, 08 Apr 2013 12:12:05 GMT

for me Cap1 instantly showed "open" on my report without account number and was not reporting for like 4-6 weeks. looks to me yours should be coming this month. when is the statement cut date? if just about now it will only be a few days...

Re: FICO score jumps! Cap1 Reporting??

Anonymous — Mon, 08 Apr 2013 12:18:11 GMT

My payment due date is a few days from now, but I had paid it off immediately hoping it would report sooner .*sigh* Oh well, it sounds like it will show up soon!

Re: FICO score jumps! Cap1 Reporting??

dodfire — Mon, 08 Apr 2013 12:21:00 GMT

As for your other question about applying for another card.

Do you have any other open lines of credit?

Re: FICO score jumps! Cap1 Reporting??

Anonymous — Mon, 08 Apr 2013 12:26:52 GMT

Nope, Cap1 was my first one, and I'm thankful they approved me so I could get started but I would like to have an idea of where I should go from here. I have my student loans through NelNet and auto loan through PenFed but neither seem to be doing much of boosting my score since they aren't revolving accounts.

Re: FICO score jumps! Cap1 Reporting??

dodfire — Mon, 08 Apr 2013 12:29:12 GMT

Discover

Chase

Both good places to start.

Do you have any way into NFCU? You or any member of your family active duty military or DOD?

Re: FICO score jumps! Cap1 Reporting??

Anonymous — Mon, 08 Apr 2013 12:35:19 GMT

My Grandfather, Greatgrandfather, etc are all military and/or veteran status. My uncle is also Marines, and now works for PenFed. I've had access to PenFed & USAA accounts for awhile, so I'm assuming I could probably qualify for a regular banking account at NFCU.

Re: FICO score jumps! Cap1 Reporting??

dodfire — Mon, 08 Apr 2013 12:38:46 GMT

You might want to look at them....you can do a search here on the forums about NFCU and how great they are.

They proved it to me!!!!

They are good about giving credit to people with limited or low credit. I am sure with your scores you would have no problem.

Re: FICO score jumps! Cap1 Reporting??

Anonymous — Mon, 08 Apr 2013 12:45:12 GMT

USAA is really good for helping those of us with Credit down low. I just got an AMEX with a generous amount of credit to be on the lower side of the FICO scores.

Re: FICO score jumps! Cap1 Reporting??

Anonymous — Mon, 08 Apr 2013 15:43:54 GMT

i got a Cap1 account around the end of Feb - it just started reporting last week