what should i do next??

Anonymous · ‎03-18-2012

so i have 3 secured cards all opened oct 11 just waiting for a fico score after my 6th statement cuts so hopefully ill have an idea where i stand at the end of the month. I was thinking about bumping the navy federal to 1000cl but just didnt know about the bofa card being they are most likely to hp when i add to the limit. the FP card i got before i knew about myfico. so question is do i have a chance at being approved for anything? i would like to get my first unsecured card but if im better off holding off for a year and hopefully my navy card and boa graduate. i would really like a walmart card cause i shop there alot and the free tu fico would help. suggestions? my tu and eq file is clean except for 4 inquiries and ex has 2 medical collections that seem impossible to fix but im not giving up hope

Anonymous · ‎03-22-2012

anyone?

Repo-ed · ‎03-22-2012

Pay-off and close those maxed cards.

5/2012: 560 credit scores across the board
12/2014: 750+
3/2017: 780+
11/2019: 833
2/2023: Experian via Chase United Explorer CC pull - 891

Anonymous · ‎03-22-2012

your joking right? i dont have a balance on any of them

Anonymous · ‎03-22-2012

Do you have any idea what your scores are? You would probably be good applying for a rebuilder card.

honky · ‎03-22-2012

I think to get any real advice, people need to see the scores you have. I think the walmart card would be a great idea since you seem to be running blind right now. Those monthly scores would give you a snapshot of where you sit. However, it doesnt help to take an INQ and be denied... Maybe buy a score and see if youre in the ballpark for the Walmart?

Starting Score: 580 2/03/12
Current Score: 810 EQ // 829 TU(Walmart)
Goal Score: Achieved!

Wallet: Citi Forward(13.5k), Ink plus(18k), CSP(13.5k), Freedom(6k), BoA123(13k), Alliant CU(5k), Walmart(2k), Kohls(1.4k), QuickSIlver(7.5k) Amex Simplycash Business(46.5k)

webhopper · ‎03-22-2012

The OP doesn't have a credit score yet guysss!

My advice would be to garden those cards and get a secured loan or a personal loan to create a credit mix since installment loans are a higher quality credit than just credit card accounts.

FICO 8:
Goal: Gardening!

Anonymous · ‎03-22-2012

yeah thanks Im holding out until i get my 6th month statement then I will pull my reports to see if I have a fico from tu and eq. Ive read about secured loans and I know navy federal does offer them but you really think I should do a secured loan?

Anonymous · ‎03-22-2012

You always have the option of becoming an AU on a credit card with good history. I actually plan to add my younger sibling on one of my CC before they turn 18. After that, then you should see a pretty generous score increase along with a good amount of history. I would actually recommend getting added on an Amex card, so that you can always backdate to the date you were added as on AU.

webhopper · ‎03-22-2012

Yes! A secured loan will help you build Installment loan credit, which is a 3 star credit quality. Real estate loans are 4 stars, credit cards are 2 stars, and retail cards are 1 star

FICO 8:
Goal: Gardening!