Newbie to the forums. Started with an app spree

[Anonymous]

Hello all,

   I am very new to the site and wanted to say hello.  I spent some time researching all of the great advice on here and decided to just plunge in. I will give you a bit of background on me.

   My credit was destroyed to medical bills for my daughter that I could not possibley keep up with. Scores fell to 500. Slowly i started to rebuild with two Cap one credit cards at a 500 limit.  This was raised to a whopping 600 limit only 4 years later.  I had two car loans at 20.99% interest.

    Fast forward to last weekend.  I joined the site and started researching.

    I decided to go on a spree and the results are below.

         NFCU - $15000 limit 14.24% approved
         NFCU Jag Loan - 16354.77 6.99% approved
         NFCU Durango Loan - 6.99% approved
         American Express Green Card – no limit.  approved
         American Express Everyday Card – $1000 limit  approved
         Barclays Card – $1000 limit approved
         American Express Delta - pending
         B of A cash rewards - 1000 approved
         Discover It - declined (declined on recon)
         Best Buy - declined (Surprised about that one)

I think the thing I am most happy about was getting two cars refinanced so now the two of them combined costs less than just one did before.

I would like to thank you all for the great advice you have given me, and I think i am jsut going to sit here for a year and build my score back up to go for a house. 

[Saleen099]

Congrats  and Welcome to the forum. 

What was the reason for the decline on the best buys? 

[Anonymous]

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@Anonymous wrote:

Hello all,

   I am very new to the site and wanted to say hello.  I spent some time researching all of the great advice on here and decided to just plunge in. I will give you a bit of background on me.

   My credit was destroyed to medical bills for my daughter that I could not possibley keep up with. Scores fell to 500. Slowly i started to rebuild with two Cap one credit cards at a 500 limit.  This was raised to a whopping 600 limit only 4 years later.  I had two car loans at 20.99% interest.

    Fast forward to last weekend.  I joined the site and started researching.

    I decided to go on a spree and the results are below.

         NFCU - $15000 limit 14.24% approved
         NFCU Jag Loan - 16354.77 6.99% approved
         NFCU Durango Loan - 6.99% approved
         American Express Green Card – no limit.  approved
         American Express Everyday Card – $1000 limit  approved
         Barclays Card – $1000 limit approved
         American Express Delta - pending
         B of A cash rewards - 1000 approved
         Discover It - declined (declined on recon)
         Best Buy - declined (Surprised about that one)

I think the thing I am most happy about was getting two cars refinanced so now the two of them combined costs less than just one did before.

I would like to thank you all for the great advice you have given me, and I think i am jsut going to sit here for a year and build my score back up to go for a house. 

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Congratulations your credit journey!!!!!!!  You are on your way to much greener pastures. 

[Anonymous]

Congrats!!  Nice limit on the NFCU and getting in with Amex and Barclays.  Keep up the good work and I look forward to reading about your higher scores and that new house

[Anonymous]

Those are amazing CL's given the scores in your signature.  Congratulations!  

[Pway]

Congrats on those nice limits and welcome to the forums.

[Anonymous]

CONGRATS!!

[Anonymous]

Thank you all.

   I am not sure of the reason for the decline on the best buy.  I am assuming my score will take a nice from all thesenew accounts and inquiries but I sure hope it was worth it.  All i know is that there is no way i will not be responsible with them and pay them as they should be.  Living a life with terrible credit is horrible and not a good example for my three little girls.  They deserve better.

[Anonymous]

The $15K credit limit should definitely up your score considerably.  Your available credit is a lot higher now, so even with the hard inquiries, your score should jump quite a bit.  

[Anonymous]

i thought you had to have a 700+ score for any american express or close to that