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I like HSBC builder cards. I have an HSBC/Orchard and it has worked well for me. I understand it will only grow so far (depending on what type of card you receive), but they're well-behaved and very easy to pay online. Our local CU will work for us in another six months or so, so the Orchard worked well getting us started. HSBC also has a pre-approval web site.
Nice work on pulling those scores up!
Thank you for your response. I will check the website out. i have about three things on my reports that I pending so hopefully in a few weeks I will be able to be in the right place to apply.
Rebuilding credit has many ups and down and sometimes I feel as if I am on a plateau! But I will not stop until I am in a place to qualify for a mortgage. Its about time to own so I am giving myself one more year.
As far as apping for a mortgage, make sure you have one bank (or major i.e. Discover, CapOne, AmEx) card. CU cards don't count in this category. They do not care what your CL is, so even a small CL at a bank will work in your favor.
Just a note on the mortgage - we were planning on waiting til next Spring, and assumed we would need to go FHA because we're rebuilding credit. We decided to app now (that's a different story), and found we were approved with traditional financing at 4 7/8% Party! You may not have to wait as long as you think. Get a bank card under your belt and be prepared - you never know when things will happen!
@Anonymous wrote:As far as apping for a mortgage, make sure you have one bank (or major i.e. Discover, CapOne, AmEx) card. CU cards don't count in this category. They do not care what your CL is, so even a small CL at a bank will work in your favor.
Just a note on the mortgage - we were planning on waiting til next Spring, and assumed we would need to go FHA because we're rebuilding credit. We decided to app now (that's a different story), and found we were approved with traditional financing at 4 7/8% Party! You may not have to wait as long as you think. Get a bank card under your belt and be prepared - you never know when things will happen!
Yeah. CapOne and BofA don't want to come to my party, either.
HSBC is happy to be there.
I'm actually an AU on BofA - but they're fickle and we're just toying with them.