@Anonymous wrote:Good for you! I'm 2 years and 2 months out and I can't seem to get more then a $300 CL. I started with the predatory cards (indigo, Avant, and Total credit). All $300 CL, I kept the balance low (under 10%), now I have two Capital one CC, one $400 and the other $300. I stopped using my other cards since having the capital one cards, my scores all range from 640-660, I can't seem to get it to budge about that point. I'm a nurse with an associate degree and currently completing my Bachelors degree, so I havnt had to pay my student loans, but was thinking of making some sort of payments thinking it may help. I also have a $4k genesis Wayfair account that has a $0 balance (I needed that for tough times when I moved). So, I'm not sure what to do to help raise my score. I just want to be in the 700 club.
I don't know if you can swing it, but a higher limit secured card might help you jump start your credit limits with new unsecured cards. Last year a couple of months after my discharge I opened a secured credit card through my local bank with a $5,000 credit limit; roughly six months later I started getting offers for good unsecured cards with high(ish) limits. By the 1-year mark post-discharge I had $14,000 in credit spread across three unsecured cards (my secured card had already graduated), and my credit scores were high 600s and low 700s.
@Anonymous wrote:I will consider that. I have been banking with BOA for 3 years, $12k monthly deposits, a nice savings account and they have declined me 3 times for a CC. So I will have to find a different bank, maybe a credit union or just another CC company. Thanks for the suggestion.
LOL, last year after my Chapter 13 I'd been banking with BofA for years, so I tried to open a secured card with them and they denied me. I immediately closed all of my accounts with them and moved over to TDBank; they were more than happy to give me a secured card with a $5,000 limit. If you live in the eastern United States, TD might be a really good option for you.
