topic Re: Changing Plans in Rebuilding Your Credit

Changing Plans

Anonymous — Mon, 16 Nov 2015 22:53:43 GMT

I'm pissed! Seems like Some people file for bankruptcy Monday then get millIons in available credit by FrIday. I tried pre qual for cap one, even credit one. Cap one, secured only. Credit one, denied. So my new plan. .. wait until I get close to 700 I guess to get credit. My mom has basically maxed out her available credit, Has a score of about 640, that's been dropping from 698 due to an increase in use. .... Yet she gets offers in the mail and just got a Victoria secret card. This crap makes me want to say f it.... I'm getting no where. .... Feel like throwing in the towel.

Re: Changing Plans

Anonymous — Mon, 16 Nov 2015 23:15:00 GMT

Everything takes time... Reason ur mom still get card is even cuz she's maxed out her card she still paying it on time.. Beside she maxed out and she got a Victoria card which is a store card. She might not be able to get bank card like visa mc Amex discover. Don't give up credit will get better as long as u pay all the payments on time

Re: Changing Plans

Anonymous — Mon, 16 Nov 2015 23:15:05 GMT

Will not be back on here until mid 600s, there's no point, I apparently can't do anything like the rest of society..... #PeaceOut

Re: Changing Plans

Pway — Mon, 16 Nov 2015 23:27:40 GMT

I am sorry the OP feels this way. Remember this credit game is not a race, it takes time, dedication and effort. It took me some time to get where I am in the credit game after my bk a year ago. I could not get any unsecured cards fresh out of my bk. I had to go the secured route, opened a Express store card, fingerhut, and a Verve MC and then things began to open up. Capital One would not give me a card until after about 4 months out of discharge. Don't give up. Things will begin to open up for you.

Re: Changing Plans

Anonymous — Mon, 16 Nov 2015 23:40:04 GMT

Also instead of being pissed.. Should learn to build up credit again.. Getting pissed throwing attitude not going to help anything.. No one got u in the situation ur in now u got imurself into it.. Again u should stay away with that kind of attitude.. If u don't want help with rebuilding lots of ppl can help.. U got an secured card from cap1 if that car is 3-6 months old and u been using and making on time payment u can try for their unsecured platinum and qs1. If u get u have 3 cards just use it and pay it on time u will see ur score go up slowly but will go up.. U didn't messed up ur credit in a month so don't expect to build to top tier credit in a month.. Especially ur starting from bad credit not no credit..

Re: Changing Plans

Anonymous — Mon, 16 Nov 2015 23:46:16 GMT

I've never filed bankruptcy. Have a revolving fingerhut. Have raised my score almost 100 points in 5 months. ... Still no good. I just feel disappointed because other people, also rebuilding, Often starting from a worse point than myself, seem to have better luck. I just have revised my plans to wait a Lot longer to try and do other things that other people do, Often with lower scores. They get unsecuRed cards at 550.... I'm going to wait until about 690 before I app for anything. Not stopping, just waiting. Delaying plans about a year is all. No point in being here hearing about the success of everyone else I never have.

Re: Changing Plans

dt3813 — Mon, 16 Nov 2015 23:50:18 GMT

OP it can be aggravating, but everyone's profile is different. have you tried calling the backdoor numbers and reconing? the rep may explain what you have to do to prove creditworthiness. Try not to get pissed, try to find out why and fix it. Have you looked up your reports? There is so much to learn here. When your ready try reading more posts. I've been there....barely approvable for everything. Have you tried secured cards? The cards that don't pull credit (I think I've read these exist)?

Chin up. Things will turn around.....

Re: Changing Plans

Anonymous — Mon, 16 Nov 2015 23:53:01 GMT

Did you app Capital One?

Is there anything positive reporting on your credit report? I had to go the secure route. Once i had six payments on cr i apped Cap One.

but if you can get their secure card(if denied), it increases quickly!

Re: Changing Plans

Anonymous — Tue, 17 Nov 2015 00:10:16 GMT

I have a Fingerhut.

Re: Changing Plans

Anonymous — Tue, 17 Nov 2015 00:12:27 GMT

I think you should app cap1 quicksilverONE account and platinum(back to back) and then also apply for their secure card if you get denied. This will get you on a great start and may land you a couple unsecure cards.

ceratinly worth a try.

any reason you are agaist that?

Re: Changing Plans

Anonymous — Tue, 17 Nov 2015 00:24:54 GMT

Coulda woulda...

For a secured card, I would do Bank of America's. It DOES graduate.

Youve got Fingerhut. Do you have a secured Cap1? I can't remember and I'm on my phone. Honestly, I'd get a secured at this point if you don't have one, doesn't matter if it's only $200-300. You'll move to unsecured soon.

If you already do have a secured, you're not gonna like this but just like Citi won't give me a chance, I have to prove myself by waiting. I HATE WAITING. But I am. I want my #^*%+#* Citi card.

You might have to do the same. But not as long as I have to. Think time frame not score. You've kicked major #*%*^ cleaning. Give yourself a late Christmas, New Year's present and app.

i had to get a secured card to get my foot in the door too. THEN those guys started noticing me. Not Citi, I'm working on that Boo.

Re: Changing Plans

Anonymous — Tue, 17 Nov 2015 00:32:39 GMT

Cap one only offers me Secured

Re: Changing Plans

Anonymous — Tue, 17 Nov 2015 00:37:13 GMT

THATS OK.

They have the lowest downpayment for a secured card out there. 1 month after I got their secured card, I prequaled for the QS1 and Platinum.

Re: Changing Plans

Anonymous — Tue, 17 Nov 2015 00:37:35 GMT

Cap one only offers me Secured..... Maybe I'll just go secured. .... that's prob all I'll ever be able to get.... or mAybe just do bankruptcy and by the end of the week I'll have a Credit rags to riches story.

Re: Changing Plans

Anonymous — Tue, 17 Nov 2015 00:41:43 GMT

i didnt prequal on their site. but went for secure and then did sq1 same day

its worth a pull imo. if you are planning on filing bk, what do you have to lose?

Re: Changing Plans

Anonymous — Tue, 17 Nov 2015 00:42:00 GMT

What negative marks do you have

Re: Changing Plans

Anonymous — Tue, 17 Nov 2015 00:55:41 GMT

Most recent was 2 years ago, collection added, actually closer to 3 years now

Re: Changing Plans

Anonymous — Tue, 17 Nov 2015 01:04:03 GMT

@Anonymous wrote:
I've never filed bankruptcy. Have a revolving fingerhut. Have raised my score almost 100 points in 5 months. ... Still no good. I just feel disappointed because other people, also rebuilding, Often starting from a worse point than myself, seem to have better luck. I just have revised my plans to wait a Lot longer to try and do other things that other people do, Often with lower scores. They get unsecuRed cards at 550.... I'm going to wait until about 690 before I app for anything. Not stopping, just waiting. Delaying plans about a year is all. No point in being here hearing about the success of everyone else I never have.

You're looking at things the wrong way. Why is your credit score low? Do you have negative items that present a major risk to creditors? The difference between yourself and those who declared BNK is that they can not file again for seven years. You are showing poor payment patterns and still have the ability to file BNK which is scary to potential banks.

This is the credit game and unfortunately, it takes a lot of patience. I have a dismissed BNK on my file which will sit on my CBR for ten years and I didn't get any benefit from it.

Just hang in there and things will start going your way. This time last year, I doubt Fingerhut would have given me a card. Join a credit union and see if they will give a secured starter loan to help show more positive payment history on your file and good luck to you.

Re: Changing Plans

Anonymous — Tue, 17 Nov 2015 01:11:10 GMT

Meltdown over. ... apped for cap one secured, approved, as expected as always am. .. instead of 200 deposit, 99 deposit. ... Will take offer and open. .... thanks for talking me off the ledge guys. .... #FemaleMonthlyMoment ..... Others talk about refraining from appin while drinking, I need to not think about credit once a month. Sorry for taking my issues out on you all.

Re: Changing Plans

Anonymous — Tue, 17 Nov 2015 01:15:06 GMT

take the secured card. I started 18 months ago with scores in the low 500s. opened 5 secured cards a secured loan. worked on the baddies on my report. Got scores to 740s. Bought a house 13 months after my first ever (I'm 40 years old) positive credit account was opened. 2 of the secured cards (Discover and BOA) have graduated the other 3 have been replaced by cards I honestly never would have dreamed of being able to get. I get preapproved crap in the mail constantly now. Take the secured card, let it report the see what you can get on a prequal. With a file as thin as yours, the score probably matters very little. Lenders are looking for different things, but a file full of on time payments even with maxed out cards is still a file that they can say, "this person pays their bills" where with your only positive account being one check mark per month they don't really have much to go on. Another easy fix is a share secured loan from alliant or another CU. Deposit 500 bucks, set up the loan, then pull 480 or so of the 500 they deposit into your account (your original 500 will be locked up) andmove it back into your account.