topic Re: Making Progress!!! in Rebuilding Your Credit

Making Progress!!!

0REDSOX7 — Fri, 04 Jul 2014 00:33:42 GMT

So, after filing BK last October and being discharged in February of this year, the rebuilding stage has been in full force.

My CR has been updated and all is well. All I was able to get was a measly Credit One card with a 300 CL. Everyone said to try Cap One but they wouldn't touch me. Even for secured.

I took a risk today and did the Barclays Bank pre approval site and said I wasn't pre approved but pre selected. I took the chance and got an instant approval of 1750!!!!

No idea what my scores were...but I'll take it. Especially with the BK and limited payment history on my only new card.

Will be making them my daily driver and will garden credit one for sure.

Thank you all. Woot. Woot.

Re: Making Progress!!!

elim — Fri, 04 Jul 2014 00:43:47 GMT

congrats! nice and quick recovery :]

Re: Making Progress!!!

gdale6 — Fri, 04 Jul 2014 00:59:27 GMT

Grats on your new Barclays card and to your continued success, it will come it just takes time

Re: Making Progress!!!

0REDSOX7 — Fri, 04 Jul 2014 11:00:11 GMT

Thanks!

Re: Making Progress!!!

dave36021 — Fri, 04 Jul 2014 11:41:32 GMT

Barclays gave me 1700 with a dismissed BK and two judgements on my CR

Re: Making Progress!!!

dave36021 — Fri, 04 Jul 2014 11:42:43 GMT

After I got the Barclays I used the shopping cart trick for a few store cards

congrats on the new card by the way

Re: Making Progress!!!

MT936 — Fri, 04 Jul 2014 14:50:59 GMT

Awesome Congrats! keep it up

Re: Making Progress!!!

alvon123 — Fri, 04 Jul 2014 15:01:48 GMT

congrats

Re: Making Progress!!!

coldnmn — Fri, 04 Jul 2014 16:24:32 GMT

Congrats! Thanks for sharing.

Re: Making Progress!!!

0REDSOX7 — Sat, 05 Jul 2014 12:35:24 GMT

I'm really excited about it.

Hope they are generous with the CLIs. Would love to make them my daily driver card if they are generous.

Re: Making Progress!!!

New_Beginning — Sat, 05 Jul 2014 13:38:42 GMT

Congratulations!!!

Re: Making Progress!!!

ktl72455 — Sat, 05 Jul 2014 14:31:45 GMT

Who does Barclays Pull ? And has anyone done the pre-approval and got a pre-approved and not just a pre-selected?

I just tried it and got the pre-selected offer. Not taking it just yet, still working on getting my UTL down on others first.

Re: Making Progress!!!

0REDSOX7 — Sat, 05 Jul 2014 14:34:37 GMT

Re: Making Progress!!!

ktl72455 — Sat, 05 Jul 2014 14:38:04 GMT

Thanks!

Re: Making Progress!!!

0REDSOX7 — Sat, 05 Jul 2014 14:38:25 GMT

No problem.

Re: Making Progress!!!

Jasir — Sat, 05 Jul 2014 15:09:48 GMT

Congrats! In my experience Barclays will evaulate your credit history every 6 months and auto-CLI if you prove you are capable of responsible management. I started at $750, auto-CLI to $2050 after the 6th statement and then just in June auto-CLI to $3350 after 12th statement. So, yes, use it often and pay more than miminum (I rarely PIF on Barclay) and around your 6th statement make sure your UTL is below 10%--your CL should grow pretty fast

Re: Making Progress!!!

0REDSOX7 — Sat, 05 Jul 2014 16:50:55 GMT

I'm one to always pay in full on the due date of the statement.

Will they give me more love if I accrue any interest?

Re: Making Progress!!!

Jasir — Sat, 05 Jul 2014 18:11:55 GMT

@0REDSOX7 wrote:

Will they give me more love if I accrue any interest?

No one can answer that with certainty but my guess is: No, they won't reward you a higher CLI if you accrue interest. They will reward you if use it often, illustrate a need for higher CL and pay more than the minimum every month. Minimum payments to a lender = consumer financial difficulty.

Re: Making Progress!!!

Anonymous — Sat, 05 Jul 2014 18:32:30 GMT

'Grats! I hope I can make a "progress" thread soon.

Re: Making Progress!!!

0REDSOX7 — Sat, 05 Jul 2014 18:34:26 GMT

I would rather use it for everything and just pay in full but have read that Barclays doesn't like you to pay in full or make multiple payments in one month...