Building credit quick

[Anonymous]

Capitol One: 11-01 to 11/02  CL$100 closed. Chase:05/01 to 12/01 CL $600 closed. HSBC LEVITZ: 06/01 to 10/03 cL $3000 closed. Wahsington Mutual Finance: 09/01 to12/01 closed ... All of these show good standing. I have one judgement that's due to fall off in 2014 for $2133.  I have zero debt and a Fraud Alert on all three. I applied for Citi Forward and was approved for $1200 and Capitol One /approved $500. These are the only cards that I have. I am an umemployed student. How can I get my score into the 800's. Should I apply for more or will build history with these.

Trans Union: 759 Fako

Equifax: 655 Fico

Experian: 732

[Anonymous]

---

@Anonymous wrote:

Capitol One: 11-01 to 11/02  CL$100 closed. Chase:05/01 to 12/01 CL $600 closed. HSBC LEVITZ: 06/01 to 10/03 cL $3000 closed. Wahsington Mutual Finance: 09/01 to12/01 closed ... All of these show good standing. I have one judgement that's due to fall off in 2014 for $2133.  I have zero debt and a Fraud Alert on all three. I applied for Citi Forward and was approved for $1200 and Capitol One /approved $500. These are the only cards that I have. I am an umemployed student. How can I get my score into the 800's. Should I apply for more or will build history with these.

Trans Union: 759 Fako

Equifax: 655 Fico

Experian: 732

---

IMO, 2 major CC is enough but you could add a store card if you are a regular customer.

Why do you want a 800 score?

[Anonymous]

Thank you for replying!

Well, because my grandparents are always saying that YOU BETTER start now perserving your credit or you will be sorry. I don't want to worry or be sorry if I can prevent it. My friends credit suck and I am honestly afraid of that issue. I didn't know my credit was good until I checked earlier this month and now I'm feel compelled to make it right. I have learned so much from this site.... it's addicting (lol sigh)

[bobebob]

---

@Anonymous wrote:

---

@Anonymous wrote:

Capitol One: 11-01 to 11/02  CL$100 closed. Chase:05/01 to 12/01 CL $600 closed. HSBC LEVITZ: 06/01 to 10/03 cL $3000 closed. Wahsington Mutual Finance: 09/01 to12/01 closed ... All of these show good standing. I have one judgement that's due to fall off in 2014 for $2133.  I have zero debt and a Fraud Alert on all three. I applied for Citi Forward and was approved for $1200 and Capitol One /approved $500. These are the only cards that I have. I am an umemployed student. How can I get my score into the 800's. Should I apply for more or will build history with these.

Trans Union: 759 Fako

Equifax: 655 Fico

Experian: 732

---

IMO, 2 major CC is enough but you could add a store card if you are a regular customer.

Why do you want a 800 score?

---

Why do any of us?  It looks cool.

Oh, damn.  My DCU FICO dipped back below!

[nmorton79]

---

@Anonymous wrote:

Capitol One: 11-01 to 11/02  CL$100 closed. Chase:05/01 to 12/01 CL $600 closed. HSBC LEVITZ: 06/01 to 10/03 cL $3000 closed. Wahsington Mutual Finance: 09/01 to12/01 closed ... All of these show good standing. I have one judgement that's due to fall off in 2014 for $2133.  I have zero debt and a Fraud Alert on all three. I applied for Citi Forward and was approved for $1200 and Capitol One /approved $500. These are the only cards that I have. I am an umemployed student. How can I get my score into the 800's. Should I apply for more or will build history with these.

Hello,

    Even tho the closed accounts are currently in good standing, were they charged off? Is the judgement paid? If I were you, I would wait until I had a job before I app'd for any more cards.  #1~too many inq can get you denied, #2~You don't want to potentially get yourself into debt because you don't have a job to pay your cards, and then getting the cards to build your credit would have been done for nothing.  If you can keep up with the payments for the cards that you have now and keep your util at no more than 30%, you will be building a great history.  You will reach 800.  It might not be untill after the judgement falls off, tho, and if I'm not mistaken, a judgement may fall off of your cr, but I don't think it has a statute of limitations so they can come after you at any time.

Patience and time my friend...patience and time.

Good Luck!!

Trans Union: 759 Fako

Equifax: 655 Fico

Experian: 732

---

[Anonymous]

Yes, I closed the account of my own free will. They report in good standing. I closed them because I didn't understand credit at that time and someone told me to close them for a higher score and I did..... little did I know then

[Anonymous]

Dsummerfield,

You're showing an EQ FICO.  Did you pull it from this site?  If so, it has a simulator that will give you a good idea of how to grow your scores.  A third card, store or otherwise, is not likely to increase your FICO, but it probably won't do a lot of damage, either - as you're a rebuilder.  If you were more established, you would probably see more FICO damage with a third card, but new rebuilders seem to see less damage with new accounts. 

Right now, time is your best tool.  Let your accounts age.  And, of course, when the judgement ages off it will have a significant score impact.

[Anonymous]

Ok, so let say store card as in JCPenny's?  I have ways to pay for my bills just not documented work as lenders require ( favors and bartering goes a long way) in my family! By the way I got my EQ from Equifax.com. This is so confusing and scary but my parents/grandparents are on my case night and day...but funny thing, no advice from them as to how...smh

[CreditAble]

---

@Anonymous wrote:

1   YOU BETTER start now preserving your credit or you will be sorry.

2   I don't want to worry or be sorry if I can prevent it.

3   My friends credit suck and I am honestly afraid of that issue.

4   I didn't know my credit was good until I checked earlier this month

5   and now I'm feel compelled to make it right.

6  I have learned so much from this site.... it's addicting (lol sigh)

---

1   You obviously have already started "preserving your credit". You are seeking guidance for your endeavor by joining this forum.

2   There is no need to worry since you won't be sorry if you make sound credit practices a habit. You have already found the road map to your destination here. All you have to do is follow the map and enjoy the trip.

3   You don't need to be afraid since you are being proactive about credit protection/building. You might suggest that your friend check out these forums. 

4    Good credit is a better surprise then discovering bad credit that must be overcome and rebuilt.

5    Compulsion is not a bad thing around here. If you are compelled to make a high FICO score a high priority, you will make the proper game plan and pay attention to details. You will succeed over time. You have a fairly good credit history so there is nothing to "make right". Do not regret closing accounts since you now know better for the future. That is part of the learning process.

6    Addiction to this site is one of the easiest ways to achieve an 800 FICO. It allows you to profit from mistakes made by others so that you won't make the same mistakes. You already understand that since you wouldn't have closed positive tradelines had you been a member of this forum.

      Basically all that you need to do is what you are already doing by posting here. You will get updated details added to your road map over time. You will eventually arrive at your destination. I would like to point out that you have already achieved a goal that others are still trying to achieve. Others are yearning for the day that they have a credit file like yours with only one baddie left to drop off.

     Over time some will suggest that you don't have to obsess about your credit score since many have achieved an 800 FICO by simply using credit responsibly. That point of view is also valid. It will however, (in my opinion) be easier and probably faster to achieve your goals by continuing to implement the best practices learned in the MyFICO community. 

[KIPPIE12]

Just remember it may take some time to get your score to 800, you can do it, but remember long history will help you get there. Also, anything 760 and higher would deem same rates as someone with an 800 score.