Congrats! That's a big step in the right direction.
So thankful for everyone on the forum. Because of you guys I have been able to educate myself so much.
I was just approved for a 1000$ nRewards Secured Visa. This is my 2nd secured card with my fiancée. They pulled transunion. Now I just need to get 1 more secured card so we can have the 3 revolving credit card accounts.
Does anyone have any suggestions outside of capital one secured and discover secured? We would like one that will graduate. I don't think we will get approved for the discover secured because of the collections on my account and hers. She was denied when she solo apped for the student discover card because of medical collections. But we're open to suggestions and would both love to be apart of discover but are just worried to app because of her original denial. Thanks everyone
1) Congrats on your progress so far
2) I'm going to assume you guys have an installment account to go along with the revolvers you're looking to establish (if not search my post on why a secured PL should be step1, prior to your next secured CC)
There are a few easy to join CU's with low deposits and the couple banks I like as starters including
|Credit Cards | SDFCU|
|Secured Visa Credit Card: Affinity Fede...|
I'm a no AF, will graduate fan....you've already tied up a $1000 bucks in one account there is NO NEED to tie up a bunch for in others as
the only thing that matters is the % of debt vs the CL ....rotate a little use, between the 3 accounts (keeping your new relationships active)
while allowing 24 on-time payments to report with PRETTY utilization over the next 8 months (8 months x the 3 cards) and you guys will be on your way...
and the string on the recent HPs will have diminshed and any you take right now will be 4 months away from diminishing...in addition all your accounts will
be nearing a year in age ...thus your deposits, will be ready to be returned, in short order.
Best of Luck.
A little more insight for you guys. I am currently in negotiations with capital one to settle my debt with them out of court. I also have 6 collection accounts totalling about 4000$. They are all held by midland funding and portfolio recovery. The OC of those CO is between Synchrony Bank, Capital One, and BOA. So once I finish negotiations with capital one and pay off my collections I'm sure Capital One will give me a prequal on their site.
The other secured credit card I have currently is through my local CU Suncoast Credit Union. Also a 1000$ limit.
My fiancées collections are between EQ and TU. 7 medical collections total. Her experian credit report is completely clean. I will work on the HIPPA process for her medical collections once I'm able to pay off all my debts. Shes had no credit in her life up until this point. So all she has right now is positive history(outside of the medical collections.
We currently have 2 secured cards and 2 secured loans together. Just looking for the 3rd secured card that will graduate. Any suggestions?