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Discover It Secured - Approved

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New Contributor

Discover It Secured - Approved

Hello All, I'm new here and wanted to start off with a decent post. I have been a long time lurker (3 weeks) of the forum. I'm happy I finally decided to join Smiley Happy

 

After an unfortunate event (illness and unemployment) my credit took a massive hit, started to work on repairing my credit this month for the first time ever. This is my first serious attempt as well. Have learned the importance of not applying for credit too much the hard way. 

 

My goal is to buy my first home as soon as possible. Each day I slowly learn more and more about FICO and building good credit. 

 

I'll post more in other sections later on Smiley Very Happy

 

Anywho, I applied for the Discover It Secured card through their free credit score website. There was a constant push to see if I was prequalified. I went through the prompts then boom (^_^)v I was surprised how quickly the process was completed. My only regret is applying before a bank holiday and on the weekend lol. I applied on Feb 9th delayed the trial balances, which went through on Monday Feb 11th, security deposit withdrawn (300) on Wednesday Feb 13th, Then received an email this morning saying my card is on the way in 3-5 days. 

 

I made sure to stay on top of it by constantly contacting customer service during each phase. I was able to get the tracking number today and it is expected to arrive on Feb 22nd woohoo! I am excited about being on step closer to my goal! 

 

Don't know if this info will help, but...

 

2 Derogs (Working on this via FTC and Phone Calls)

98% UTL

2 Open Accounts (New Line of Credit from Aug 2018 and Oldest Line of Credit from June 2014) 

8 Closed (4 are card, closed 2 in a debt management program, closed another to prevent collections, another closed because they refused to work with me)

90% payment history 

FAKO: EX 561 TU 546 
FICO: TU 577 EX 531

 

Edit Update Feb 20: Card is in the mailbox, tracked via a tracking app on my phone, can't wait to get home and activate! 

Starting: 2/2019

Current 8/2019


Current Cards:

Dream Accounts:
21 REPLIES 21
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Senior Contributor

Re: Discover It Secured - Approved

Congratulations on your approval!

FICO 8 (Feb 2018):EX- 519, TU- 530, EQ- 545
FICO 8 (Mar 2020):EX- 689, TU- 665, EQ- 670
What's in my wallet:



On the chopping block:

Message 2 of 22
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New Contributor

Re: Discover It Secured - Approved

Thank you so much! Smiley LOL

Starting: 2/2019

Current 8/2019


Current Cards:

Dream Accounts:
Message 3 of 22
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Valued Contributor

Re: Discover It Secured - Approved

CONGRATS on the Approval and WELCOME to the FORUMS and the Disco Family!!!

 

I seriously started my Rebuild project in April 2018 with a $300 OpenSky credit card that I had been using for over 2 years.

AMEX BCE $8K | AMEX Cash Magnet $15K | Citi DoubleCash WEMC $13.7K | Citi AAdvantage WEMC $14K | Citi Costco VS $12K
Discover IT $19K | OpenSky $300 | BB&T Cash Rewards $4.5K | Synchrony (PayPal Credit $4K, Care Credit $15K, & PayPal 2% MC $10K) |
BBVA Compass Rewards VS $10.5K | NFCU cashRewards $3K | NFCU More Rewards AMEX $33.5K | NFCU Flagship VS $19K
Macy's AMEX $10.5K | Apple Card WEMC $6K | PenFed Power Cash Rewards VS $7.5K

TCL - $204K+ | Rebuilding since April 2018
Message 4 of 22
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Member

Re: Discover It Secured - Approved

CONGRATS! I was also able to do secured and opted for the $200 limit. Still waiting for my card and new responsibilites! Smiley Happy 

(WX) '13START TU500 EQ592 & 19'RESET TU545
(YZ) '13START TU586 -> 621 EQ612 & PAID OFF ALL FOR 19'RESET EXP589
Message 5 of 22
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Member

Re: Discover It Secured - Approved

How do you like open sky? How long before you saw an increase in points in your scores?
Message 6 of 22
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Established Contributor

Re: Discover It Secured - Approved


@mocaqahua wrote:

 

 

My goal is to buy my first home as soon as possible. Each day I slowly learn more and more about FICO and building good credit. 

 

I made sure to stay on top of it by constantly contacting customer service during each phase. I was able to get the tracking number today and it is expected to arrive on Feb 22nd woohoo! I am excited about being on step closer to my goal! 

 

 


Congrats on your new card, and good luck on your home ownership quest!

 











Current

Goal Cards

Message 7 of 22
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Established Contributor

Re: Discover It Secured - Approved

Welcome to the forums, and congratulations on your new card.
Slow and steady wins the credit race, so don't try and rush things.
Good luck on the house purchase.





~~ Former Royal Navy Submariner - Proud to have served ~~
Message 8 of 22
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Moderator

Re: Discover It Secured - Approved

Congratulations on your approval 

Message 9 of 22
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Community Leader
Super Contributor

Re: Discover It Secured - Approved

Congrats on your new card

2020 is like a steak cooked well-done that needs to get out of my face. - @imapharmacygirl
Message 10 of 22
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