topic Re: New to board in Rebuilding Your Credit

New to board

Caitt — Wed, 02 Dec 2015 01:09:06 GMT

Hello,
I am new here. I been lurking here for a few days and I decided to make a username. I have quite a few questions. If you got for example Cox to remove an old unpaid balance, do you still owe them when opening a new account? I just got approved for a Discover It CC CL is $500. How long until they give me an cli? Also how much will it increase my scores and when? My Ex is 641, Tr is 647, and Eq is 614. But my Eq should be increasing soon due to 2-3 collections from being removed.

Thanks!

Re: New to board

Caitt — Wed, 02 Dec 2015 02:00:19 GMT

Bump!

Re: New to board

Laxbam7 — Wed, 02 Dec 2015 03:21:18 GMT

I believe you usually want to wait 6 months before asking for a CLI. Use the card and pay it off regularly and you should see a CLI sooner rather then later.

Re: New to board

Anonymous — Wed, 02 Dec 2015 03:27:07 GMT

Welcome

Re: New to board

Caitt — Wed, 02 Dec 2015 03:39:59 GMT

I noticed that it is best to have 3 credit cards. I have a capital one secured card CL $200. Just got approved for a Discover It card CL is $500. And I just applied for a NFCU reward card so I am hoping!!

Re: New to board

FIRECOURAGE — Wed, 02 Dec 2015 03:43:31 GMT

@Caitt wrote:
I noticed that it is best to have 3 credit cards. I have a capital one secured card CL $200. Just got approved for a Discover It card CL is $500. And I just applied for a NFCU reward card so I am hoping!!

Congrats and welcome to the boards!

Re: New to board

Anonymous — Wed, 02 Dec 2015 16:07:34 GMT

I got a discover CLI after the 3rd statement cut.

As for Cox. If they charged off the account - or quit reporting it - if you want to reinstate services with them they will probably make you pay it off. (I had to with an old account - they just link the debt to your soc Sec # - and when you apply they will tell you that you have an old balance.

Good Luck

Re: New to board

Caitt — Wed, 02 Dec 2015 16:40:38 GMT

Lol. Dang!
I was actually denied with NFCU, I sent them a Reconsider secure message. Just waiting.

Re: New to board

Grafton88 — Wed, 02 Dec 2015 19:42:56 GMT

You might want to get a secured card with NFCU or one of their credit rebuilding loans. Do you have any installment loans? It helps with your credit mix.

Re: New to board

Caitt — Wed, 02 Dec 2015 19:47:50 GMT

1 loan that I have 200 left on its due to be paid off in February but it'll be paid by the end of this month. I also have student loans and a car loan that will be paid off at the end of January also due to be paid in February

Re: New to board

Grafton88 — Wed, 02 Dec 2015 21:47:29 GMT

So it looks like you are well covered for installment loans.

Re: New to board

Anonymous — Thu, 03 Dec 2015 00:40:23 GMT

Discover will give you a CLI after 90 days to the day. I just got a $500 increase without them doing a hard pull. Before you agree to an increase see how they will pull your credit. You don't want a hard pull and a denial.

Re: New to board

Caitt — Thu, 03 Dec 2015 00:46:59 GMT

Thanks