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Helping a friend build history

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newhis
Valued Contributor

Helping a friend build history

A frind has only 8 month credit history with a car loan, 2 INQ on EX and FICO @ 660. No other loan, no revolving credit.

 

Only pre-qual was Cap1 secured card (tried Amex, Cap1, Citi).

 

I told him to apply for Amex and Discover. He got both @ $1,000 limit

 

He will garden for 6-12 months and try SP CLIs.

 

Message 1 of 4
3 REPLIES 3
AverageJoesCredit
Legendary Contributor

Re: Helping a friend build history

Nicely done. What a great way to start ones credit journey by getting in with Amex and Discover early. Good kind of friend to haveSmiley Happy
Message 2 of 4
Anonymous
Not applicable

Re: Helping a friend build history

That's great. Congrats to your friend. From reading these boards, sounds like he has the opportunity to grow those limits with Discover and AmEx. Also, when he is ready to step out of the garden and his scores have increased even more, he will probably be able to get in with the other big guys--Chase, BOA, Citi. That's, of course, if he wanted. 

Message 3 of 4
Anonymous
Not applicable

Re: Helping a friend build history

Great cards !! Congrats !!

Message 4 of 4
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