Local CU Credit Cards

[Anonymous]

I have good reason to  believe they can not prove their side of this in regards to legal responsilibty for the debt. 

But I didn't base most of my thoughts on that being off.  I based most of it on actions I am taking next week and things that haven't reported yet.  

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@MakingProgresswrote:

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@Anonymouswrote:

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@Anonymous

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What I'm doing is dropping my utilization to less than 5%, if not 0% for this month since I've constantly kept it high on the Plantinum card since I didn't grasp that part of it earlier, still learning.  Plus there will be an additional payment on that card show up and then that dispute will push out that collection, which dropped all my scores across the board by a minimum of 18 points (that was experian, everyone else was a 25+ point hit).  

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Don't just assume that collection will drop off because you disputed it.   If only it were that easy.  Your dispute could be denied.  Even if there is not question in your mind that the collection should not be on your report that dosen't mean the creditor will agree.    Count on it being gone once you see it's no longer on your report and not before. 

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[Anonymous]

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@Anonymouswrote:

Wait until next month. That is still two months before you expect to move. Who holds the paper for your CU? Mine was Wells Fargo.

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I was wondering that as well, but haven't figured it out.  It's CapEd Credit Union in Idaho.  I wanted to know as well. 

[Anonymous]

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@SarahJowrote:
The simulator is rubbish in my experience, but who knows as YMMV...I would be very careful how much stock I put in its crystal ball.

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I want to see how it does.  Not many talk about it that I could find.  The few that do say it's +- 2 to 10 points depending on which pperson, but what actually transpired between the simulator and what happened may be two different things.  And things change sometimes unexpectedly so simulators are not perfect.

I was asking more because I do expect be 650 area w/ Experian and Equifax at least by June, although that late I may be looking at other options.

And if 650 is where I need to be than honestly I would probably rather try to get a Discover Card.

[Anonymous]

I want to point out that each CU have different guidelines with regards to their approval process.  Some folks with a lower credit score might need to do an interview with the Credit Union before being approved for the card.  Others review your income very carefully and only do their CLs based on your actual income level. 

My CU is willing to approve those with poor credit, but they would need to see proof of income and you seeing improvement on your credit report.  My CU has four credit cards you can apply for, three of them are rewards that are lackluster (as expected since they are a local CU), and one that is only good due to the really low APR currently at 9.15% (which beats my other cards by far).  That's the card I have since I love a really low APR card, plus the $16.5k limit is nice. 

[SarahJo]

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@Anonymouswrote:

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@SarahJowrote:
The simulator is rubbish in my experience, but who knows as YMMV...I would be very careful how much stock I put in its crystal ball.

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I want to see how it does.  Not many talk about it that I could find.  The few that do say it's +- 2 to 10 points depending on which pperson, but what actually transpired between the simulator and what happened may be two different things.  And things change sometimes unexpectedly so simulators are not perfect.

I was asking more because I do expect be 650 area w/ Experian and Equifax at least by June, although that late I may be looking at other options.

And if 650 is where I need to be than honestly I would probably rather try to get a Discover Card.

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I did a little experiment on my own based on it's paying everything on time projector...it was no where close.  Good luck!

[Anonymous]

Since I last responded I actually talked to my CU about it.  I could potentially qualify now because of my CapOne Platinum, but with the QS One on my report I would qualify.

They pull the Experian Bank Fico and they are looking for a 600 or higher and will start as low as $300, same as the QS One.  But I guess since this is a CU card they cause a good boost to most members that obtain the card when they still have low credit.  

I've decided to hold off until at least may before I consider any more apps, etc... and go gardening.  I have 3 decent cards right now and all 3 may not report fully until May and I'm best off to hold off on anything until then because other changes are taking palce as well.

Thanks for the input and advice.  

[Creditplz]

I got a local CU card a few days ago, $15,000 limit, no rewards but 8.14% interest rate...

[Anonymous]

What were scores though?  Probably higher than mine.    

And I have already designed to garden, so I won't be applying but I would be curious what scores were at as I haven't ruled it out in the future.

[Anonymous]

I have a local CU CC And they gave me a 5k limit no rewards but it sure does come in handy with a 2.5% apr also it helps my uti a lot. 

[Anonymous]

A local CU can be beneficial, but they don't start paying off until the mid 600's or higher. When I apped for a Visa with my CU, I still had a low end Score. I didn't get the lowest rate, though I did get the SL I asked for, $8K @ 9.9%. Recently had to use a HP to get it up to $10K, but she said I still didn't qualify for the 6.9 APR yet. So a little more witing. lol

You would likely benefit more from a "Bigger" Bank CC at this point in time. etc. the Cap1you have, nurture it until you can qualify for another card with higher limit. The promo 4.9% isn't any good with a low SL that cannot be utilized. It's tuff to build credit fast with 200-500 limits, just have to have a little paitience is all. I know, been there twice.