topic Re: 6mos secured... what next? in Rebuilding Your Credit

6mos secured... what next?

Anonymous — Tue, 31 May 2016 00:41:34 GMT

Hi everyone.
This is unfortunately my second go round of credit repair... This time from a divorce and unemployment. I finally got a good job in Nov and started credit repair in Oct with a cap1 secured card of 1100.00$ I pay many times during the month. Got a credit increase at 6 months to 1401. My uti was high last month due to some car problems but I brought it down to 31% at last statement cut and then to 1% yesterday. Im looking to see what my next step is...
I had 21 baddies but am down to 3.
More info
I have finished student loan rehabilitation program on the 20th but hasnt updated.
Oldest reporting is 10 years.
Current cra investigations EQ and Tu
Steller recovary 220
Unique 91.00
Not disputed yet on EX
Sequoia financial 608
Scores form ex credit reporting service
Ex 619 Updated UtI
EQ 591 not updated
TU 537 not updated
After my reports updated Id like to apply to an unsecured cc. Which one do you think has the best chances for my approval?? Also baddies are from e years ago should I PFD?
Any help would be awesome. TIA

Re: 6mos secured... what next?

RonM21 — Tue, 31 May 2016 02:19:14 GMT

You can try to PFD. If you can get the baddies off, that will help. You could possibly get another secured, but I wouldn't take a chance just yet on trying to get an unsecured until you see what the updated scores are. They are shakey with the range they are in now. The last thing you need is an inquiry with nothing to show for it

Re: 6mos secured... what next?

Anonymous — Tue, 31 May 2016 02:41:35 GMT

Ok... I really dont want another secured card because of CLI are lame so I will wait. Ill try disputing the student loan to see if that can hurry the process once my current investigation ends on the 3rd. Hopefully my cli and uti will give me a substantial increase. I only have 2 inquiries so far so Id like to keep it low. Should I just stick to cap1?

Re: 6mos secured... what next?

Anonymous — Tue, 31 May 2016 04:51:25 GMT

With those scores you can probably get approved for a Cap1 QS1. Hubby's scores were in the high 500's when he got approved.

Re: 6mos secured... what next?

Anonymous — Tue, 31 May 2016 06:17:51 GMT

Thank you... My exp was 477 when I got my secured card and I've improved so much. I think qs1 will defiantly be my first try after update... It cant hurt try while doing pfd on the last three.

Re: 6mos secured... what next?

Anonymous — Tue, 31 May 2016 06:30:40 GMT

@Anonymous wrote:
Thank you... My exp was 477 when I got my secured card and I've improved so much. I think qs1 will defiantly be my first try after update... It cant hurt try while doing pfd on the last three.

Apply for a platinum and if approved get a qs1 too. U might get both since u have a secured card with them

Re: 6mos secured... what next?

Anonymous — Tue, 31 May 2016 14:35:18 GMT

Thank you... I thought I read cap1 had a two card limit?

Re: 6mos secured... what next?

Anonymous — Tue, 31 May 2016 15:08:28 GMT

Usually hey do bur sometimes you can get a QS1 and Platinum even if you have a secured card. Choose which of the 2 you'd prefer and apply for that first then try the second one

Re: 6mos secured... what next?

Anonymous — Tue, 31 May 2016 15:29:52 GMT

@Anonymous wrote:
Thank you... I thought I read cap1 had a two card limit?

THe Platinum and The QS1 do indeed have a two card limit. You may need to close the secured card before getting approved for the second unsecured card - but try for both before closing, sometimes it does work.

Re: 6mos secured... what next?

Anonymous — Wed, 01 Jun 2016 01:47:24 GMT

Thank you! What about the discovery secured. I see it turns after 1 year into unsecured. I have a 1.5k bonus coming up and was wondering if it would be a good way to establish with a good card. Then when I apply to platinum ill have maybe a better chance at getting a higher cl?

Re: 6mos secured... what next?

Anonymous — Thu, 02 Jun 2016 16:18:44 GMT

Got a +100 point score increase with TU droping all my baddies so decided to try my luck.. Now 711
QS platinum approved 1K
QS 1 denied
barclays 7 to 10 day
Now the search for PC search on how to pc card... I think I would have gotten qs1 had I not had 2 card limit.
Thanks everyone!

Re: 6mos secured... what next?

Anonymous — Fri, 03 Jun 2016 01:15:22 GMT

Which CB they pulled for the QS

Re: 6mos secured... what next?

Anonymous — Fri, 03 Jun 2016 17:32:52 GMT

I would consider the BOA secured. Usually unsecures around a year and then grows. I started mine at 2k, unsecure doubled it to 4k and then I asked for cli at 6mos and I'm up to 7.5k now. Ohh and its a reward card so i get 1% cash back on purchases

Re: 6mos secured... what next?

Anonymous — Fri, 03 Jun 2016 18:40:18 GMT

@Kent -Cap1 pills all 3 CRAs.

Re: 6mos secured... what next?

Aduke1122 — Fri, 03 Jun 2016 22:04:01 GMT

Hi I am currently in the same situation that you were in , I am almost done with my student loan rehab and that's the biggest thing holding me back, I have two secured cards and a fingerhut card, uti us 18 percent , on time payment , but I still have 3 baddies that I'm am having issues getting anywhere with them. What I was wondering is how did your student loan rehab thing work out for you? How long did it take to update once you were done with final payment and how much of an incase did you see after that ?

Re: 6mos secured... what next?

Aduke1122 — Fri, 03 Jun 2016 22:05:06 GMT

I left you a comment but wasn't sure if it got directed toward you.

Re: 6mos secured... what next?

Jesedmotherof5 — Fri, 03 Jun 2016 22:16:38 GMT

It hasnt yet... I heard it could take 45 days.. Ill keep you posted.

Re: 6mos secured... what next?

Anonymous — Fri, 03 Jun 2016 23:16:58 GMT

I would go with Capital One. They are really good with working with you freshly off a BK or having charge offs. I was approved for an unsecured card about 6 months after I discharged my BK.

Re: 6mos secured... what next?

surferchris — Mon, 06 Jun 2016 14:43:07 GMT

@Anonymous wrote:
Got a +100 point score increase with TU droping all my baddies so decided to try my luck.. Now 711
QS platinum approved 1K
QS 1 denied
barclays 7 to 10 day
Now the search for PC search on how to pc card... I think I would have gotten qs1 had I not had 2 card limit.
Thanks everyone!

Congrats on that.

Re: 6mos secured... what next?

Anonymous — Mon, 06 Jun 2016 20:46:21 GMT

QS with a 1k starting limit?? That's the lowest I've heard. I thought they don't start lower than 3k