help w/ building credit and getting CC

[Anonymous]

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@Anonymous wrote:

Thanks for the welcome and responses! Can i add pics on here? I want to show the screen Chase gave me after the pre approval to see if its a legit offer or just a bait to apply.... I do want this for my personal file not my business and my CU is not gonna do anything until i finish my taxes which are in the works right now and i want to get started building now.

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You have to have a certain number of posts to be able to post pics..  Find out what your real FICOs are in the meantime and report back.  Most people here know what Chase pre-approvals look like and Chase does not kid with that stuff on their site-

[Anonymous]

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@Anonymous wrote:

Thanks for the welcome and responses! Can i add pics on here? I want to show the screen Chase gave me after the pre approval to see if its a legit offer or just a bait to apply.... I do want this for my personal file not my business and my CU is not gonna do anything until i finish my taxes which are in the works right now and i want to get started building now.

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I don't think you can add pics or html until you are more established.

So for experiments sake, I just went to chases preapproval site for you. With my scores, they offered me the freedom with 22.9 interest.  Then I ran a person with 760 and they got the freedom with 18.9, and the chase sap with 15.99. BUT I ran a third persons, who has scores closer to you, 620.630 and they got the freedom 22.9 and chase slate at 22.9. Credit scores really don't mean anything as files are completely different. But I guarantee you if the latter applied they would get denied.

Chase does do some pretty darn good recons tho, especially with their EO. They were very polite with me and even let me recon a 2nd time. But I was denied both times due to their mistake saying I had never closed a checking account with them and owed 75 dollars. Even though I paid it to them on the phone right away the 2nd recon wasnt good enough.

How many experian inquires do you have? You should figure out based on what state you are in, which of your 3 CRs would be the best, and choose the lender on that, and also one that you can grow with. Or you can be like me and get a crappy credit one card to start off with and pay $40 a year for it lol.

Capital one is gonna cost u 3 inquiries though, one on each...and I'd hate to see u go above the 8 on the one that you have. It should say when they will be dropping off.

I am in the midwest and chase has only pulled my Equifax.

[Anonymous]

where can i get my real fico for free? do you have an email you can pm me so i can send you a screen shot of what chase showed me to seee if its a real offer or just trying to get me to apply? I tried Capitol 1 and discover and they both said they found cards for me but then the button says "apply here" if im really approved wont it say something like "take offer now"? thats what my research seems to say... i really dont want any more pulls unless i know im gettin a card.

[Anonymous]

After looking at why my hard pulls are so high on Equifax the place i got my business insurance through did a pull on 3/3/14 again on 3/4/14 then 4/28/14 and 4/29/14... they should have no reason to pull it 2 days in a row and then a month later another 2 days in a row...? I read up on getting them removed some say write the business responsible for the pulls others say contact Equifax directly.... then i read that disputing them can put a fraud alert on my account and even cause the place that pulled it to cancel me? What should I do? I want my score to be what it should be w/o all the extra pulls but not make my life more difficult w/ fraud alerts or making it harder to obtain business insurance in the future.

[Anonymous]

My advise on the Credit pulls is to dispute with the insurance carrier via certified letter. They can remove the inquiries without your credit report going into a fraud status. You might consider making a call first. Maybe they think they have a reason. Or possibly, they might go ahead and delete some inquiries. If not, then continue with the certified letter.

If you dispute through EQ and they do place a fraud alert on you file, it's usually a temporary 90 day status. So it depends on whether you intend to apply for anything after the fraud alert is placed on your file. I am not sure how a potential creditor would react to a fraud alert. Maybe someone here knows.

[Anonymous]

Ok so i just went for it, I got approved for the freddom and got a $3500 limit which im happy with it. I also contacted the insurance place and started the dispute on the extra hard pulls. I appreciate everyones input, happy to finally have my foot in the door!

[Anonymous]

And i just got notification of the hard pull on my TU and it knocked my score down 34 points!  **bleep**? Its the one and only pull on TU and i went from 664 to 630?

[Anonymous]

Congrats on your approval. And don't worry about the hit to your credit score -- it's just temporary and will bounce back after a few months.

[jamie123]

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@Anonymous wrote:

And i just got notification of the hard pull on my TU and it knocked my score down 34 points!  **bleep**? Its the one and only pull on TU and i went from 664 to 630?

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Don't worry about your scores right now. That is the price we all have to pay to have good scores in the future.

You need to learn something here...

You need at least 3 credit cards to be able to get the best scores and start building good history. Now is the time to get 2 more cards. Being approved for a Chase Freedom is a very good sign! It is not the easiest card to get. Your scores might drop a bit once the Freedom starts reporting to your credit reports.

I would suggest apping for 2 more cards that you have a good chance of getting:

Discover IT

Capital One Quicksilver.

You should app for those cards right now! Don't wait!

You are very early in your credit building journey so don't worry about denials or inquiries at this point. They will drop off soon enough.

You must develop a long term plan and execute it. Credit cards are the foundation to really high and rock solid credit scores in the future. You want to end up with 5 to 8 quality credit cards that you can keep open for the rest of your life!

If you get these credit cards now you don't need to make any other credit moves for at least 6 months. Well...You might consider opening a savings account at a credit union and taking out a share secured loan but we can talk about that later.

Go get those cards!

Report back here!