I am so grateful for this board! I have been lurking since Jan for tips on how to rebuild after, honestly, a very messy credit life. Starting my journey to take responsibility for my credit and stop blaming circumstances (of which I had plenty) has made me painfully aware of the gap between where I am and where I want to be. I have been working on it since January, and took the good advice here to open whatever I could get with Navy Federal ( all I could get was a secured $500), and was blessed enough to have a trusting family member to authorize me on non-navy a card with high limit and low balance that he pays off every month. Folks, today I applied for Navy Federal go rewards with only a little over 4 months with Navy Fed (I use their checking and direct deposit about $6000 a month) and a little over 3 months with my secured rewards card which stays pretty close to the limit but I overpay the balance due every month. Listen when I tell you, I am at the bottom starting over with scores all between 530-545. I have been addressing collections, paying off when I can, disputing the rest, and more importantly have gotten real about holding myself accountable to my open lines which are a furniture account with Conns, my student loans, and my car which has a ridiculous interest rate with GM Financial. I have cried in the floor every time my score has taken a hit for some avoidable reason, frankly because now I care when I previously let circumstances like divorce, single parent allow me to deprioritize my finances. Today, I feel great because Navy Fed has cut me a break and given me a $7000 credit limit on an unsecured goRewards card! This is the most I've ever had on my own and I plan to guard it like Ft Knox!! I'm hoping to soon refinance this horrible car loan with them as well. I'm very hopeful. If you are doubting that all the pain of facing your credit behavior leads anywhere, I am proof today that it does! Join if you can!
Great approval with NFCU! I'm hoping to see some of that love in about two and a half months when I try for my CLI.
Congrats on your $7,000 limit! NFCU is awesome and I am glad to see that some people are using their membership for more than just padding. I love my Cash Rewards card; it is my daily driver for non catagory spend. I will also be looking into NFCU for a mortgage someday.
Keep up the good work!
Congratulations on your approval with NFCU!!