topic Re: Done for a while...Good progress today in Rebuilding Your Credit

Done for a while...Good progress today

JustinA — Mon, 10 Jun 2013 00:48:19 GMT

Still working on trying to get charge offs from years ago deleted, but in the mean time I was wanting to add another Secured MC through USAA with just an initial 250 deposit. And a Fingerhut 150 CL. I am going to be content with this for now and continue to grow my secured line up to the 5000 limit as I did with the other one. That will give me 3 solid revolving lines of credit to lay a better foundation. No more inquiries...Just excited and wanted to share

Re: Done for a while...Good progress today

xp2inc3x — Mon, 10 Jun 2013 01:17:58 GMT

does usaa secured cedit card graduate?

Re: Done for a while...Good progress today

JustinA — Mon, 10 Jun 2013 01:26:50 GMT

I know they will review after 12 months for an unsecured card. Then at 2 years when the CD matures you can opt out and pending payment history the rep said I will "more than likely" be viewed favorably. So to answer your question....yes but I am not positive when.

Re: Done for a while...Good progress today

JustinA — Mon, 10 Jun 2013 01:32:38 GMT

Also for what it is worth...my first USAA secured card reported very quickly and I gained quite a bit in the credit score dept. And so I guess I wanted to see what 2 would do.

Re: Done for a while...Good progress today

xp2inc3x — Mon, 10 Jun 2013 01:40:40 GMT

oh ok what are the requirements to become eligible for this card you know? like some some secured card require you just not to have a bk in the past year etc.

Re: Done for a while...Good progress today

JustinA — Mon, 10 Jun 2013 03:22:04 GMT

Well I cant be sure but I can tell you that I have "bad" credit 3 collections and 13 "bad" or "charge off"...and this is my 2nd with them and I am very happy with USAA in all aspects banking, investing, insurance, etc. I say go for it just have the 250 deposit.