how long

[Anonymous]

Hi everyone. I'm on a quest to restore my credit after being discharged from bankruptcy in November of last year. My question is I was approve for a first premier credit card and I activated it about a week ago. How long will it take before I see a increase in my score so I can apply for about 2 more cards? My goal is to purchase a home in about 2 years from now. Any advice. I already pulled my cr and pretty much every thing is accurate and put under bankruptcy and reporting correctly.

[Creditaddict]

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@Anonymous wrote:

Hi everyone. I'm on a quest to restore my credit after being discharged from bankruptcy in November of last year. My question is I was approve for a first premier credit card and I activated it about a week ago. How long will it take before I see a increase in my score so I can apply for about 2 more cards? My goal is to purchase a home in about 2 years from now. Any advice. I already pulled my cr and pretty much every thing is accurate and put under bankruptcy and reporting correctly.

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What is your score currently?

[PlasticOrPlastic]

For me it was a few months.  I purchased a vehicle, opened a Cap1 credit card and within 3-4 months my scores started to come up.  Have you tried the pre approval for Cap1 or Barclay Rewards?   Be sure to use your 1st P and make payments over the minimum and on time.  Since its your only card right now be sure to stay around 1-9% to help bring your score up.  Purchasing a home in 2 years should really be no problem at all. 

[Anonymous]

As of right now trans 550 experian 540 Equifax 515. I tried the preapproval from capital one but it said it couldn't find a card for me. Should I still try the Barclay preapproval or just wait until my score come up from 1st premier

[Creditaddict]

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@Anonymous wrote:

As of right now trans 550 experian 540 Equifax 515. I tried the preapproval from capital one but it said it couldn't find a card for me. Should I still try the Barclay preapproval or just wait until my score come up from 1st premier

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I would wait till you hit 600.

that should open up some store cards, cap1, barclay

[mongstradamus]

just curious why have you not tried for an secured card like BOA or discover, with those at least you could get some cash back in the process?

[Anonymous]

No I have not but I have been reading that you will need at least 300 or more to start off. At the time I didn't try because I didn't have 300 to give. But I might try that in a couple of weeks how much credit will they give you with the minimum 300 deposit

[Creditaddict]

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@Anonymous wrote:

No I have not but I have been reading that you will need at least 300 or more to start off. At the time I didn't try because I didn't have 300 to give. But I might try that in a couple of weeks how much credit will they give you with the minimum 300 deposit

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300

[heyarrnold]

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@Anonymous wrote:

No I have not but I have been reading that you will need at least 300 or more to start off. At the time I didn't try because I didn't have 300 to give. But I might try that in a couple of weeks how much credit will they give you with the minimum 300 deposit

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Usually:

your deposit == the credit limit. 

[Anonymous]

Ok will apply for on in a couple of weeks and see how it goes. Cnt wait to get my score up and buy my first home