Woke up to this today , after a year of rebuilding my credit . The last piece of the puzzle happened today , my charge off has finally fallen off ! I am super excited . Any thoughts what this score can do for me?
Congrats on losing the CO and hitting the 740s ! Your score is in great shape, keep it up !!
Nice. Congrats on your new credit life. Pick a card basically now. Lots of doors just opened. Notice "A" card. Dont go hog wild.
Which card would you choose?
Just my vote to get out of subprime. Good ole Discover. You cant beat the cash back match. That will get your foot into prime time. Then each 6 months. Grab a prime, close a sub prime. Set a score and use that as your guide. Each time I hit 720. Got a crd. Score drops from new account. Score goes back up to 720. Next. Whats below took 5 yrs from the bulk of them. PENFED is kinda recent. When I was 740's 7 months ago. I went for Home Depot, Loews, Shell, and got the truck I was a year old homeowner now, and needed to do some improvements. in 6 weeks. Its a numbers game. In time all the subs will be gone. And your wallet will have nice prime cards. Takes time. It wont happen fast. But you'll get there. My siggy was blank when I joined here. It crowed now from learning here and here only. You got his.
I burned discover and Wells Fargo those were my two charge offs . I took advantage of my relationship with Amex the other day and pulled the trigger on a BCE this was before my sudden spike in score I had a 654. My question is if I wait for Amex to grab this new score do you think they will increase the limit of that . I should mentioned I got stuck in the $1000 club which I've read and re-read gets bucketed for years.