I'm brand new here, but I've been lurking you guys' forum for a year or so and it has helped me tremendously. In college I took my credit, wrapped it up in a nice hefty bag and threw it in the trash. I had zero understanding of how credit scores worked, and was utterly confused. At 21, I viewed credit cards mostly as a free money ponzi scheme. Borrow $300 from creditor A, spend on partying, pay back with creditor B. Borrow $500 from creditor C, spend it on a car and pay back with creditor D, and so forth. Went full speed into an iceberg and sank like the unsinkable ship I thought I was. I even miscalculated the amount of lifeboats I'd need.
I've grown.
18 months ago my Experian FICO score was 455, today it's 584 with TU at 609 and EQ at 624. I finished grad school in 2016, got a good income and realized I needed a credit score if I didn't want to rely on Craigslist for every purchase.
Thought I'd finally join as I was just approved for my first non-secured, non-subprime cc! It's a Quicksilver One with a $300 cl, but a year ago, I couldn't even get a $300 cl from First Premier lol.
Other cards I have are Discover It secured with a $2400 cl, Capital One secured with a $500 cl. Have some subprimes, First Access, Milestone, First Premier and Credit One, all with $300 cl mainly just for easy budgeting and to keep my utilization low at this point.
Congrats and welcome to QS family.
Thanks!
Congrats!
Welcome to the forum and big congrats🙂
What do your current scores look like. With your QS1 and Disco secured, which should grad eventually, I'd say on your next good pick up, you should evaluate letting some of your other cards go. That's a lot of subprime lenders who if not managed right can cause some headaches. Best of luck on your journey
What do your current scores look like. With your QS1 and Disco secured, which should grad eventually, I'd say on your next good pick up, you should evaluate letting some of your other cards go. That's a lot of subprime lenders who if not managed right can cause some headaches. Best of luck on your journey