I opened my account in July, with a $400 credit limit and they gave me a $200 increase today.
@Anonymous wrote:That's awesome! Did you just complete the credit steps program? I was all set for that increase buy missed a payment by 7 days and had that increase delayed.
I just want to make a general comment. Accounts with Fingerhut, low-limit store cards and the like are a necessary evil to those rebuilding. Most folks who frequent this board have had credit challenges at one point or another, so everyone understands that there are different stages to a rebuild. But whatever you do during your rebuild, never, ever, ever, ever, miss (or be late) a payment. Not only will it torpedo your rebuild, but it will trigger all sorts of nasty things that are particularly bad on rebuilder accounts (things like penatly APR and eliminating grace periods and "interest free" periods).
Part of everyone's credit profile is their ability to pay, but another part is flexiing those muscles that allow you to pay on time. Before worrying about CLI's (especially with Fingerhut), make sure you've developed your awareness in making payments on time. It's all part of the credit recovery process.
+100 Happypill!. Making on time payments is most important thing we can do and can control. We can strive to do all we can to get clis and such but when you miss a payment , unfortunately it will look bad in the eyes of our creditors, especially if we are rebuilding and trying to restablish good credit. You will probably still get a cli eventually OP but if you were late 7 days, expect that to have an adverse affect on them giving an increase. Best of luck as you rebuild
I have the regular card, not the Fresh Start.
I have made one $51.00 purchase and paid it off in two payments. One before the statement cut and the second before the due date. I haven't purchased anything else and I don't plan to.