secured card needed that automaticly turns unsecured without applying again?

[johnpalley]

cheddar , the thing is all my charge offs are legit and there 4 years old. if i pay any of them it will make them current. and they get deleted after 6 years right?

Message Edited by johnpalley on 08-07-2008 06:14 PM

[Anonymous]

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johnpalley wrote:
cheddar , the thing is all my charge offs are legit and there 4 years old. if i pay any of them it will make them current.

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In that case, diluting the bad with the good and letting time work its magic are about your only options.

Remember, though, that secured cards help just as much as unsecured cards when it comes to both of those factors.

Good luck!

[johnpalley]

does this mean that i should be getting more credit cards than the normal person to dilute the bad? right now im an au on 2 credit cards and im a primary card holder on 5 credit cards but 4 of the cards have a 3-4 hundred dollar credit limit which is why i should of never got them? Message Edited by johnpalley on 08-07-2008 06:17 PM

Message Edited by johnpalley on 08-07-2008 06:18 PM

[Anonymous]

John, I don't think cards that you are an AU are go towards your fico score but I could be wrong.

Let us know how your secured card application goes, I had a co with BOA, I am saving up to pay it off right now and I would love to get back in the family with them. So let us know if you get approved.

[johnpalley]

as soon as i know il let you all know. does anyone know which credit reporting agency they use for massachusetts? please tell me its not transunion.

[Geordi]

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@johnpalley wrote:
as soon as i know il let you all know. does anyone know which credit reporting agency they use for massachusetts? please tell me its not transunion.

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Bank of America 'USUALLY' pulls Experian. Since I cannot mention the forums that has a credit pull database, you will have to trust the information in www.whogavemecredit.com

GL

[Anonymous]

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Bella1980 wrote:

John, I don't think cards that you are an AU are go towards your fico score but I could be wrong.

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AU accounts are still counted in FICO, and legitimate AU accounts will continue to be counted even in FICO 08.

[Anonymous]

Geordi wrote:

Bank of America 'USUALLY' pulls Experian.

Yes they pulled EX when i recently applied.

[Anonymous]

Well that sucks...I requested to be taken off as an AU from an acct. I wonder if my score would have been higher had it still been on there.

[Anonymous]

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Bella1980 wrote:

Well that sucks...I requested to be taken off as an AU from an acct. I wonder if my score would have been higher had it still been on there.

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Could have, if it had more history, utilization was very low and it had a perfect payment history. You don't want to be an AU on anyone's card if they pay late or carry a balance, etc.