Welcome to the forums, 👋
Congratulations on your 2 recent approval!!👍👏👏👏 . You have picked 2 cards that can definitely grow with you throughout your credit journey. While there have been members mentioning they have been bumped up a much higher limit it is not always true for all. A lot of the decision factors will depend on the information contained in your credit reports. Honestly, within the current condition of the economy lenders are tightening their policies and constricting their lending practices. For the first 6 months of most new accounts I personally would not expected any CLIs and would be pleasantly surpised if i were to receive one. 👍
Concerning the amount one's score increases is agian very dependent on the information on the credit reports. 1 key take-away from this forum is that wether a person is:
Establishing cedit
Building credit or
Rebuilding credt
One of the most beneficial ways to proceed is to have at least 3 revolving account (like your Disscover CC, Navy CC + one more) in addition to to also having an open installment loan (maybe you already have this one of these in he form of a student loan).
You could see your score increasing over time from a number of factors derived from having such accounts listed above.
Decent increases could be attributed from anything changing on your reports, E.g.
- Having an open loan helps gain points for credit mix
- Having at least 3 open revolving accounts 👈
- After using/paying off these cards and loan on a monthly basis would equate to payment history
- Removing/addressing negative items listed on the credit reports will aid in score increases👍
Exspend effort over the 6 months concerning those 4 points list and I believe you will attain the score increases to your liking Best wishes and try to find enjoyment in you journey!
This is akin to a marathon, not a sprint so plan for your long term goals and prosperity 🖖
@Anonymous wrote:When I last checked Experian last month I had about a total of about $1000 in collections (medical bills due to unforeseen health problems - most of these being from 3+ years ago).
Sorry for the silly questions, I'm new to this and am still a little unsure of how all of this works!
Congrats on your 2 new cards and welcome to the board 
Medical collections are some of the easiest to get removed from your CRs, here are the steps that you should follow to address them:
1. Call the OC and see if insurance can be billed, (or-rebilled), collections ultimately paid by insurance get removed per new rules that came from CRAs settlement with 22 state AGs. If not then
2. see if you qualify for Charity Care, if not then
3. ask that they recall the collection in exchange for full payment
4. Send the reporting CA a PFD offer
5. Google the HIPAA Process and contact its creator for help, this process cannot be discussed in any forum of myFico.
@gdale6 wrote:
@Anonymous wrote:When I last checked Experian last month I had about a total of about $1000 in collections (medical bills due to unforeseen health problems - most of these being from 3+ years ago).
Sorry for the silly questions, I'm new to this and am still a little unsure of how all of this works!
Congrats on your 2 new cards and welcome to the board
Medical collections are some of the easiest to get removed from your CRs, here are the steps that you should follow to address them:
1. Call the OC and see if insurance can be billed, (or-rebilled), collections ultimately paid by insurance get removed per new rules that came from CRAs settlement with 22 state AGs. If not then
2. see if you qualify for Charity Care, if not then
3. ask that they recall the collection in exchange for full payment
4. Send the reporting CA a PFD offer
5. Google the HIPAA Process and contact its creator for help, this process cannot be discussed in any forum of myFico.
@Anonymous ... ^^^definitely, this abobe will guide you^^^
There are no stupid questions. Keeping up on the auto and your 3 open cards will help. I didn't mention if you actually have any 30Day or 60Day late from your difficulties/falling behind. If you did may be you could try calling your lender, explain you troubles in the climate we are in. Let them know youbare better and request removing the late ... as well as setting up auto pay.
If that does not work in you favor I would give it a try after 6 months or a year of recent on time payments... but definitely do this before you completely pay off the auto.
@Anonymous Congrats indeed and welcome you are in good hands here 
@Credit4Growth wrote:Welcome to the forums, 👋
Congratulations on your 2 recent approval!!👍👏👏👏 . You have picked 2 cards that can definitely grow with you throughout your credit journey. While there have been members mentioning they have been bumped up a much higher limit it is not always true for all. A lot of the decision factors will depend on the information contained in your credit reports. Honestly, within the current condition of the economy lenders are tightening their policies and constricting their lending practices. For the first 6 months of most new accounts I personally would not expected any CLIs and would be pleasantly surpised if i were to receive one. 👍
Concerning the amount one's score increases is agian very dependent on the information on the credit reports. 1 key take-away from this forum is that wether a person is:
Establishing cedit
Building credit or
Rebuilding credt
One of the most beneficial ways to proceed is to have at least 3 revolving account (like your Disscover CC, Navy CC + one more) in addition to to also having an open installment loan (maybe you already have this one of these in he form of a student loan).
You could see your score increasing over time from a number of factors derived from having such accounts listed above.
Decent increases could be attributed from anything changing on your reports, E.g.
- Having an open loan helps gain points for credit mix
- Having at least 3 open revolving accounts 👈
- After using/paying off these cards and loan on a monthly basis would equate to payment history
- Removing/addressing negative items listed on the credit reports will aid in score increases👍
Exspend effort over the 6 months concerning those 4 points list and I believe you will attain the score increases to your liking Best wishes and try to find enjoyment in you journey!
This is akin to a marathon, not a sprint so plan for your long term goals and prosperity 🖖
@Anonymous I was reading another tread you participated in which made me realize I left out an important tid-bit for you(although there are sever more to learn)
Based on that thread... Let me express to you that Vantage scores, CK, Creidtwhopwho... and for forth, their scores are to be taken with a grain of salt (or a pound of salt pressed into a freshly open wound which is then wrapped with a bandage to keep the salt there). Those type of credit monitoring site are good for Monitoring changes to your accounts that report.
Here is an example... 2 weeks ago I ran the balance up on one of my CC to 48.77% - Okay
That is very bad for you FICO scores, the score most lenders, FI, even Insurance companies may use. And what i noticed on CK was that my Transunion went up 3-6 points and my Equifax went down 12 points, meanwhile my Fico 08 score (and not all of them) went down 1 point. All of that is just whacky!
**** Fico score are usually most important to you when applying for something.
Here is the "tid-bit" that directly could apply very well to your credit profile, reports and scores.
You have 3 Cc, so when paying them off each month, try leaving a $12 - $15 balance on 1 CC and completely pay down the other two CCs to a $0 balance.
I did not go into a lot of specifics as to not flood you with information but I am being very specific about the $12 - $15 amounts and the others being at $0, this can vary for others profile and data on reports however, this is specific for you and what you have share with use about yourself.
Then go look at you FICO score with a smile 😃😘 (and any others such as CK as well and you will be again pleased... ie. No more fake score drop of 100 points)
P.s. if all of you CC/Revolving accounts have a $0 balance then your scores get hurt, this fact does not vary nor discriminate. It applies to everyone regardless of what ever else is on there credit reports
Take information from these two threads alone. Reread, practice what you learn and focus on what you practice... Like the specifics above, in bold and or numbered. By You & your actions of doing the above, You will help yourself to internalize and reach deeper understanding the way that you would teach yourself, for your style of learning and how all of this information reallyndoes tie together t accomplish your score increases you are searching for - that's just my humble opinion.
I know wording is a bit jumbled but I never claimed to be a good writer.
Just give it a try...
You tried to become a Member of this forum and you succeeded.
You tried to ask/search for information and you succeeded
Members try to give information and we succeeded
Next up.... try to use the information so that you can succeed!
- there may be a.ot odnspelling errors - it is almost my normal bed time. Please excuse them.
