I started my rebuild about 2 months ago when I finally decided to pull my head out of my 'you know where' and own up to my lack of financial responsibility (Started actually budgeting with YNAB, looked at the 8 collection account showing on my report and started paying them off (down to 4 remaining!) and realized that my Fico being around 560 was sad and I needed to also fix my utilization issue). That being said, Last Feb I signed up for a Discover secured card after getting a "check to see if you are pre-approved" mailer from them. Put $300 as my deposit... run it up to $300... then just paid the minimal until I decided to start fixing things in Nov. Since then I've been paying on it as soon as I see a balance post and running a lot of things through it (I was previously running most of my purchases through my CapOne QS1)
I've read up a lot on their graduations in the past couple months and pretty much wrote it off for another year because of my behavior over the 8 out of the 11 months I've had the card. So You can imagine my suprise when I woke up this morning to the "Good news, FlickeringTaven!
We're returning your security deposit and increasing your credit line.".
Statement 1: Jan 28-Feb 8th
Starting secured line: $300
TU: 561
Collection: 8 (3 previous CCs)
Statement 11: Unsecured 3 days after statement cut.
Unsecured line: $2000
TU: 609 Ex: 610 Eq: 610
Collections: 4 (paid off all charged off CCs)
Side note, I'm going to do a PC after the 12th statement cuts and my cash back doubles. Does anyone know if there would be any issues moving it to the miles card? Figured I'd ask before I call.
