Hello all,
Been rebuilding the credit file of my DW and I was looking for info on what to app for her for some revolving accounts.
Data Points:
No active revolving accounts, only AU on many of mine. AU util is 4%.
1 Auto lease, I had to cosign one with her because NMAC said no to two leases on me. Perfect history.
2 student loans, being paid never late.
1 utility collection on EX and EQ. Will be removed once they accept PFD or we catch them on something.
1 charge off with comenity bank.
AAoA 8 years.
EX: 641
EQ: 657
TU: 734
We will use my income, 85K shouldn't be an issue. She is currently a student getting her second bachelor's. She was in the 500s. Lol and her mortgage scores are better than mine. She's reaching the point where she will go back to work and needs decent credit. She needs revolving credit and we want to fill in gaps in our spending with target, Walmart, department stores etc.
I'm thinking to app her for Walmart and Target for store cards. Looking at Discover, USAA Visa, and possibly NFCU for her other bank cards. Cap one as backup and maybe even a Barclay apple rewards or Uber even.
Just don't want to waste apps and get her the best cards possible. Aiming for 2 store cards and 2 bank cards.
Thanks in advance!!
Been rebuilding the credit file of my DW and I was looking for info on what to app for her for some revolving accounts.
Data Points:
No active revolving accounts, only AU on many of mine. AU util is 4%.
1 Auto lease, I had to cosign one with her because NMAC said no to two leases on me. Perfect history.
2 student loans, being paid never late.
1 utility collection on EX and EQ. Will be removed once they accept PFD or we catch them on something.
1 charge off with comenity bank.
AAoA 8 years.
EX: 641
EQ: 657
TU: 734
We will use my income, 85K shouldn't be an issue. She is currently a student getting her second bachelor's. She was in the 500s. Lol and her mortgage scores are better than mine. She's reaching the point where she will go back to work and needs decent credit. She needs revolving credit and we want to fill in gaps in our spending with target, Walmart, department stores etc.
I'm thinking to app her for Walmart and Target for store cards. Looking at Discover, USAA Visa, and possibly NFCU for her other bank cards. Cap one as backup and maybe even a Barclay apple rewards or Uber even.
Just don't want to waste apps and get her the best cards possible. Aiming for 2 store cards and 2 bank cards.
Thanks in advance!!
Thank you, the store cards are to fill in cashback gaps. I think she checked prequals but I will double check quick.
Wow, shes prequalified for
AMEX BCE, ED, Green.
CAP ONE Plat
Discover It and Chrome
What the heck!? I could barely get approved for a secure card when I was rebuilding. It wasn't this easy for me but I guess I destroyed 100% of my credit back then. I didn't even think she would be in these systems.
Does Barclay only pull TU? She is kind of an apple fanatic.
Also, how will AMEX and Discover react to the Charge Off and Collection? Cap One will probably be solid and her TU is clean. So if any banks only pull TU, Barclays does I think, that could be a great alternate.
Question does DW mean Da Wife?... and DH Da Husband?...,etc 
Lol duh wife she's actually kinda the boss so she could also be the house six.
In my mind I always read that as "Dear Wife" or "Dear Husband" lol
Best of luck to you in her rebuild.. I'm starting the same for my DH who has awful credit.. I'm a little scared of letting him go without a "leash", he loves to spend... 
CHEERS
I'm in the same place with my DH(don't know why but I always read it as "dearest husband" 
). Managed to PFD his last collection and been doing prequals for him 
Trying to figure out what cards WE would use...he's probably gonna app for Discover it next Jan. when my cashback match ends.
She got approved for an Amex Everyday card at $500
Discover said no to her application for the Discover It preapproval link. Maybe we could try to recon. I still need to get her 2 more cards.