Rebuild Help Requested

Anonymous — Tue, 09 Apr 2019 13:52:58 GMT

Fresh out of BK (DC 3/24/2019). Trying to build up 3 different LOCs before I garden for 6 months.

I have the Capital One Platinum MasterCard $300 CL and a Capital One Auto Navigator Loan $13,500 @ $314/month both within the last 2 weeks.

If I understand what Ive read correctly, its good to have 3 different types of credit to show you can handle them to get your scores up. Can anyone recommend what my 3rd would be? I have been loosely following the BK to 700+ guide here on the forums.

Should I get a credit builder no-credit-pull shared savings loan from my credit union? They do report to all 3 beaurus. Or does this also count as an installment loan with my auto loan? I've read pros and cons of store cards and figured Id stay away. Suggestions most appreciated!

Thanks in advance!

Re: Rebuild Help Requested

gdale6 — Tue, 09 Apr 2019 18:57:00 GMT

@Anonymous wrote:
Fresh out of BK (DC 3/24/2019). Trying to build up 3 different LOCs before I garden for 6 months.

I have the Capital One Platinum MasterCard $300 CL and a Capital One Auto Navigator Loan $13,500 @ $314/month both within the last 2 weeks.

If I understand what Ive read correctly, its good to have 3 different types of credit to show you can handle them to get your scores up. Can anyone recommend what my 3rd would be? I have been loosely following the BK to 700+ guide here on the forums.

Should I get a credit builder no-credit-pull shared savings loan from my credit union? They do report to all 3 beaurus. Or does this also count as an installment loan with my auto loan? I've read pros and cons of store cards and figured Id stay away. Suggestions most appreciated!

Thanks in advance!

Its not 3 different types of credit as there are only revolving and installment as types. It is 3 different revolving credit lines and 1 installment loan to drive your Fico in a rebuild so you need 2 more revolving credit lines. Store cards can be useful like the Lowes card but only get one if you will actually use it.

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Rebuild Help Requested

Re: Rebuild Help Requested