congrats
Thanks everyone. The road to recovery can be very gracious at times
(Formerly known as: Credit is my hobby (2M)/TCL objective)
@Repo-ed,
I started out with USAA in August 2011 with insurance and banking. In /FebMarch 2012 I opened up a secured MasterCard and AMEX. In September 2012 I opened up secured installment loan for $2500 and paid it off after 6 months. In April 2913 I a pplied for auto loan with USAA for $8000, approved. I've been paying 1.5 times my monthly payment on auto loan. In July 2013 USAA gave me an unsecured amex for $7000. I must have applied for am unsecured card with them at least 9 times in 2013. They kept telling me I've reached their maximum credit extended so I decided to close my two secured cards with them ($5000 each). Always pif on my USAA cards and others too. Then a couple days ago I applied for unsecured Visa (wanted world MasterCard) and was approved for $7000 again. The world MasterCard has a minimum credit limit of $5000 and I didn't think I could get that, thus the Visa app. I date not apply for anything else with them it anyone else since I have $49,900 in credit with utilization of 2%. I say all this to let you know there is hope. I never thought I would get to this point with USAA and others. I still have a long way to go, but my progress thus far has been stellar considering my credit profile. Good luck
I started out with USAA in August 2011 with insurance and banking. In /FebMarch 2012 I opened up a secured MasterCard and AMEX. In September 2012 I opened up secured installment loan for $2500 and paid it off after 6 months. In April 2913 I a pplied for auto loan with USAA for $8000, approved. I've been paying 1.5 times my monthly payment on auto loan. In July 2013 USAA gave me an unsecured amex for $7000. I must have applied for am unsecured card with them at least 9 times in 2013. They kept telling me I've reached their maximum credit extended so I decided to close my two secured cards with them ($5000 each). Always pif on my USAA cards and others too. Then a couple days ago I applied for unsecured Visa (wanted world MasterCard) and was approved for $7000 again. The world MasterCard has a minimum credit limit of $5000 and I didn't think I could get that, thus the Visa app. I date not apply for anything else with them it anyone else since I have $49,900 in credit with utilization of 2%. I say all this to let you know there is hope. I never thought I would get to this point with USAA and others. I still have a long way to go, but my progress thus far has been stellar considering my credit profile. Good luck
Do you still owe on the repo? When does it fall off?
Congrats! 
I owed a CU $3500 for a CO credit card. They were willing to open up an installment loan for $3500 on the balance of the CO and allow nee to pay it off that way. They said the CO would remain on my report but it would have zero balance. I opted not to do it because it was set to fall off in 6 months. I eventually set up a payment plan with CU to pay CO anyway due to my job requires a security background check and all credit obligations must be paid or have an agreement in place. You may want to see if CU would be willing to offer similar deal to you, assuming repo is not set to fall off soon
I pay CU $100 a month and they waived all interest and fees. They actually let me set my own monthly amount to pay. Now the statute of limitations have been reset but that wouldn't matter in my case due to required security background investigation
@12njoy wrote:Decided to hit the USAA Visa app button for the first time in 2014. After 7 denials from USAA for a second unsecured credit card, I was approved. $7,000 right out the gate. Recently closed my two secured cards with USAA ($5,000 each). Other than that, there wasn't much change in credit report. I'm doing the happy dance
Congrats on the CC Approval! how long did you have the secured CC for?