topic Re: Need help, rebuilding and CC advice in Rebuilding Your Credit

Need help, rebuilding and CC advice

Anonymous — Wed, 17 Feb 2016 02:35:34 GMT

First, thank you to all contributing members. Information posted here has seemingly opened a whole new world to me.

Since joining My Fico 8 scores have gone like this:

TU = 659 EQ= 693 EXP= 693 December 2015

TU= 680 EQ= 697 EXP= 729 Today

I really started much lower on all three about nine months ago, 620's for all.

Baddies-I have a paid charge off still remaining on TU and EQ, tried every possible option to have removed and only EXP wanted to listen. Initial lates in Oct 2010 that led to closure of BOA credit card in Dec 2010. Made payments until July 2012 when I thought it was paid off and subsequently ignored all mail from BOA. Unfortunately, I still had a $30 balance from interest and charged off later in Dec. 2013. Since I live in NY the CRTP and NY FCRA states any paid charge off must be removed after 5 years. BOA is reporting my DOFD as July 2012 and not Oct. 2010, they are literally the worst people I have ever dealt with on many levels. Currently trying BBB and CFPB route, so just waiting to hear. After several calls to EXP I got someone who understood the law and just removed it. Other two could care less what I say.

Paid Judgement/Tax Lien from April 2013, not good. Hard to dispute this one....

History-

Capital One Platinum from 2008 just got bumped from $1500 CL to $3000. Using and paying off every month.

Authorized user on several accounts:

Cabelas Visa 15k

Brooks Bros MC 15k

Amex Blue 10.1k

Cap One 4.5k

All accounts have zero to little balance. All helping AAOA. Never late on any cards.

Two paid student loans paid. Two car loans paid. One car loan currently $500 per mo after two yrs of payments. Never late.

One installment loan from local bank unsecured with 2k left on balance due to be paid in full at end of year. One 30 day late payment.

I will be applying for a mortgage in about a year, but would like to get a few more CC's. I will be traveling over the next month with around 5k spend planned.

Pre-Approvals-

Cap One Venture 13.24% firm on site

Venture One 12.24%

Quicksilver 13.24%

Citi Diamond Preferred 13.24% from the mail

Chase Freedom 24%

Chase Slate 24%

No CSP offer though

Amex/Discover sites I don't trust, but they have suggestions...

I have also recently become a member of NFCU and that is my only HP in the last two years on TU. Any help anyone could give me would be appreciated. If this should be in CC App section please let me know. Kind of a mixed bag here... thanks.

105k income

Re: Need help, rebuilding and CC advice

AutoBot — Wed, 17 Feb 2016 11:25:30 GMT

I would probably apply for the NFCU credit card.

Re: Need help, rebuilding and CC advice

Anonymous — Wed, 17 Feb 2016 11:50:48 GMT

Go on Cap1 chat and ask if your Platinum can be PC'd into a QS. That'd save you a HP if you are trying to limit those

Re: Need help, rebuilding and CC advice

Anonymous — Wed, 17 Feb 2016 14:21:50 GMT

I'd recommend apping for the Cap One Venture since you will be traveling, and are preappoved. Also do the upgrade on the Platinum as suggested.

Re: Need help, rebuilding and CC advice

Anonymous — Wed, 17 Feb 2016 14:33:59 GMT

Thanks, any advice as to which one I should do first? NFCU or Venture? I asked for upgrade on platinum when my limit was 2500 last week and they said no. However, since they gave me an extra 500 would that be enough for an upgrade? Also, I was thinking of applying for Freedom and Marriott for one pull. Would really love the Marriott because that's where I stay mostly. Or should I hold off on those and go with suggested cards?

If anyone has advice on my charge off or judgement please let me know.

Re: Need help, rebuilding and CC advice

Anonymous — Thu, 18 Feb 2016 03:04:56 GMT

Update.... I received a Southwest 50k bonus miles offer in the mail today with 15.99% stated.

Re: Need help, rebuilding and CC advice

Anonymous — Thu, 18 Feb 2016 03:33:18 GMT

What upgrade were you asking for with the Platinum and how old is it?

Re: Need help, rebuilding and CC advice

Anonymous — Thu, 18 Feb 2016 03:43:50 GMT

I asked for upgrade to quicksilver and the platinum card was opened in 2008. Wondering if they are not recognizing my new CL of 3k, statement cut yesterday though. Offer was to keep my $29 AF and get the 1.5% cash rewards with QS1.

Re: Need help, rebuilding and CC advice

Anonymous — Thu, 18 Feb 2016 03:50:01 GMT

My bad, last week I was denied for upgrade. Today I was ofered QS1

@Anonymous wrote:
I asked for upgrade to quicksilver and the platinum card was opened in 2008. Wondering if they are not recognizing my new CL of 3k, statement cut yesterday though. Offer was to keep my $29 AF and get the 1.5% cash rewards with QS1.

Re: Need help, rebuilding and CC advice

Anonymous — Thu, 18 Feb 2016 05:17:38 GMT

@Anonymous wrote:
My bad, last week I was denied for upgrade. Today I was ofered QS1
@Anonymous wrote:
I asked for upgrade to quicksilver and the platinum card was opened in 2008. Wondering if they are not recognizing my new CL of 3k, statement cut yesterday though. Offer was to keep my $29 AF and get the 1.5% cash rewards with QS1.

Take the offer - its the best you'll get for a platinum with AF. CL doesn't factor in. With decent usage the cash back will more than pay the AF.

Re: Need help, rebuilding and CC advice

Anonymous — Fri, 19 Feb 2016 00:05:20 GMT

Thank you, upgraded today to QS1 with the $29 AF and 15.15% APR. Hoping to upgrade again in 6 months.

Re: Need help, rebuilding and CC advice

Anonymous — Fri, 19 Feb 2016 06:47:47 GMT

@Anonymous wrote:
Thank you, upgraded today to QS1 with the $29 AF and 15.15% APR. Hoping to upgrade again in 6 months.

If they won't upgrade it further, just get another CLI on it and roll it into another Cap One card, then app for a regular QS.