Help with Fingerhut and discover secured

[Anonymous]

I got approved for 300$ from Fingerhut but I have to pay 30$ first, I think it's called the fresh start program.And I was approved for a discover secured card I'm not sure witch one to get or maybe both.I already have cap one quicksilver card for 750$ limit.

[HeavenOhio]

If you already have a Quicksilver, you're likely in a position to qualify for pretty good cards. Just to clarify, this is the no-fee Quicksilver and not the QuicksilverOne?

Given that you have an unsecured Capital One card, I don't see how Fingerhut is going to benefit you. But since you've taken the inquiry and have been approved, I think you could justify going either way with it. I think I'd take a pass.

On the other hand, the Discover secured card is a nice card that should graduate into the unsecured Discover It after a few months. It's worth plunking down the deposit. If you have the cash to spare, you can make a deposit of up to $2,500, and that'll become the unsecured limit when the card graduates.

[Anonymous]

It's a regular quicksilver not the one, my credit score is about 600 and I have a few collection 

[Anonymous]

There is no way in Hades I would pay fingerhut to give me a line of credit only to be used on way overpriced crap with an insane interest rate. Hp or not skip that card.

Discover though I agree is a great card that will unsecure and grow with you. Put down as much as you can for the deposit.

[Anonymous]

Will discover still unsecure even with some small collection accounts and how long does it usually take for it to get unsecured?

[AverageJoesCredit]

Fh is still another tradeline , so if you have the Cap One and get the Disco, that gives you the 3 cc's you need to.maximize your Fico.

Now , me personally, will never put Fingerhut down as they helped establish my original credit eons ago and on my recent rebuild. You could do worse. One thing i like to point out is although they have high prices and things of that nature, they are upfront about it and you should know this heading in. Also, there are things you can find that are reasonable and if you pair them with occasional free shipping deals, you can buy a couple things like you were buying from somewhere else. I eventually closed mine because i got to the point i didnt need it anymore but appreciate having had it. Lol, sorry just wanted to let you know they arent the devil (thats credit one )

[HeavenOhio]

88c36, where are you getting your score from? The reason I ask is that 600 is low for a Quicksilver approval, and it even seems low to be approved for a Discover secured card. If it's not a FICO, it's possible that your FICO scores are higher than that.

You can get all three scores from CreditCheck Total by signing up for their $1 trial and cancelling within the trial period. That should give you a good idea of where you're sitting score-wise. If you have questions about CreditCheck Total or the trial, others here are in a better position to fill you in than I am.

I'd sit tight with the Capital One and Discover cards for now and let them age. Optionally, add the Fingerhut card. I personally wouldn't bother, but as AverageJoe says, they're not evil. One thing to keep in mind about store cards is that they should provide significant value to you. Otherwise, they just end up getting in the way.

Secure the Discover card with as much money as you can throw at it. Give the Capital One card significant usage as long as the balance is paid down before the statement cuts. Pay multiple times per month if need be. That should position you to be able to increase your limit.

Also, try to have one card report a small balance (less than 8.9% of its limit) with your other card(s) reporting zero. Discover and Capital One are like most cards in that they report the statement balance on the statement date.

[Anonymous]

The reason I got the quicksilver card is because I started out  7 month ago with a cap one platinum card with a 300 limit and after using the card heavily they gave me a quicksilver upgrade after the 4th month at the same time I asked for a cli and I got one for 100$ and about 2 month later I got a mother 350$ from the credit step program.

[Anonymous]

1) With regards the Disco card
= Get it the minimum is $200 and that's all you need
It will grow as your profile enhances

*This nonsense that the lender will definitely unsecure you at whatever deposit amount one secures is very much NOT true.
If your profile doesn't warrant an unsecured line of credit with said lender they will NOT just match what was deposited in a secured account.

That being said a young thin growing file need NOT put anything more than the minimum to secure to get what the objective is...which is a reporting TL, just keep the payments on-time and the utilization ratio perfect and the score will grow and THAT history and thickness of positive data will secure larger CLs

2) With regards to FH
I like Average Joe am personally NOT a FH fan
I wouldn't app or recommend anyone app FH
However, once the milk has been opened the HP done the account opened...
We are where we are....
It serves the purpose of having 3 revolvers reporting, which is important for where we are along the process

They can and will be replaced but again they absolutely can stand in the #3 holes and serve the purpose of what we're doing, right now which is being a positive data builder
Don't get caught up buying a bunch of dumb ish and you're fine

Keep 2 of the 3 TLs reporting at 0 with only one showing a balance of sub 10% and we'll get where we want to be quickly w/o unneeded cost or drama
8-10 months is ideal

3) Do you have an installment TL reporting ( car loan , student, personal) if not you're much better off setting up a SSL to add credit vs wasting 💰 over supplying a CC security deposit.

4) FYI the QS is the more 'prime' between the QS and QS1 ....you have the preferred of the two

[Anonymous]

Yeah I do have a car loan with 12k that's one year old and a 4000k personal unsecured loan that's two month old and the cap one quicksilver that's 7 month old and a few collection for about 600$ total. I just can't seem to get my score up. I hink part of the reason is I'm a authorized user on my Girlfriends BOAC and she's bad with utilization it's like 90% so I asked her to take me off the account witch she did last month but Its still showing up on my credit report(she never missed a payment in 5 years) so hopefully it boosts my credit up a bit because I keep my cap one card way below 30%