First Amex ever! Discover IT too!

[Anonymous]

Hi Fico Family, 

I have been in the rebuilding process for a few months now after coming out of a brutal and long divorce. Mainly I have been working on bringing down utilization from upper 60s to below the theshold of 29% (next goal is below 9%). So today I said, what the heck lets check for any pre-qualifications. So I checked Discover first and there were two for the Discover IT card and the Discover Chrome. I applied for the Discover IT and was approved for $1600.00 SL, I then went over to the Amex website and was approved for Gold Delta SkyMiles for 1k SL limit. This was very exciting for me as I have never owned an Amex or Discover. These limits are modest but I am so grateful and I know with stellar and responsible usage they will increase. 

I am not sure what credit reports were pulled as I have yet to see an alert on my FICO and I currently subscribe to the ultimate package that provides monitoring for all three bureaus. 

Current overall utilization - 29%

Fico Scores

Equifax - 632

Transunion - 617

Experian - 645

Baddies  -

3 collections with Equifax, two accounts are the same debt, same CA, just double the amount  (in the process of disputing to correct this reporting, once correct will PFD)

4 collections with Transunion - the same double debt from Accelerated Financial Services. 

1 collection on Experian 

Average Account Age - 3 Yrs  0 Mos

Oldest Open Account - 7 Yrs  10 Mos

Newest Open Account -0 Yrs  2 Mos

No prior relationship with Amex or Discover. 

I applied for these cards because I needed prime accounts in my wallet to have an overall better credit profile. I currently own a capital one quicksilver, capital one secured, amazon prime store card, credit one. So the Amex and Discover will be a nice addition. 

Thank you Fico Forum Family! If it wasn't for all the good info in this community I would be lost on my rebuild journey. 

[Anonymous]

Congratulations!!! A couple of solid cards to help you along the way with your rebuild!

[Anonymous]

Thank you, defintely builds up some confidence to keep going!

[Anonymous]

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@Anonymous wrote:

Hi Fico Family, 

I have been in the rebuilding process for a few months now after coming out of a brutal and long divorce. Mainly I have been working on bringing down utilization from upper 60s to below the theshold of 29% (next goal is below 9%). So today I said, what the heck lets check for any pre-qualifications. So I checked Discover first and there were two for the Discover IT card and the Discover Chrome. I applied for the Discover IT and was approved for $1600.00 SL, I then went over to the Amex website and was approved for Gold Delta SkyMiles for 1k SL limit. This was very exciting for as I have never owned an Amex or Discover. These limits are modest but I am so grateful and I know with stellar and responsible usage they will increase. 

I am not sure what credit reports were pulled as I have yet to see an alert on my FICO and I currently subscribe to the ultimate package that provides monitoring for all three bureaus. 

Current overall utilization - 29%

Fico Scores

Equifax - 632

Transunion - 617

Experian - 645

Baddies  -

3 collections with Equifax, two accounts are the same debt, same CA, just double the amount  (in the process of disputing to correct this reporting, once correct will PFD)

4 collections with Transunion - the same double debt from Accelerated Financial Services. 

1 collection on Experian 

Average Account Age - 3 Yrs  0 Mos

Oldest Open Account - 7 Yrs  10 Mos

Newest Open Account -0 Yrs  2 Mos

No prior relationship with Amex or Discover. 

I applied for these cards because I needed prime accounts in my wallet to have an overall better credit profile. I currently own a capital one quicksilver, capital one secured, amazon prime store card, credit one. So the Amex and Discover will be a nice addition. 

Thank you Fico Forum Family! If it wasn't for all the good info in this community I would be lost on my rebuild journey. 

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Nice job...keep up the hard work.....

[simplynoir]

Congrats on your two new cards!

[Anonymous]

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@Anonymous wrote:
Congratulations!!! A couple of solid cards to help you along the way with your rebuild!

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Absolutely! That's gotta feel good...congratulations! 

[Anonymous]

Congratulations on the AMEX and DISCO.  They give love back!

In 60 days, x3 that AMEX!  

[AverageJoesCredit]

Happy Discamextion

[Anonymous]

Thank you!

[Anonymous]

Thanks!