Sometimes, war is peace and 2+2=5 when people are more excited about "moderating" than about the info that the board exists to share. I digress.
My credit rebuild story is all in my signature. This time last year, I was a few days away from opening my first account in many years. I didn't even have FICO scores on Experian and TransUnion for a while but the scores I could see were in the low 500s. On April 8 of last year, with a couple of small collections and nothing else on my credit reports since 2011, I opened a $200 Citi secured card. Later in April, I opened another small secured card. In May, I opened a Discover secured card and an unsecured Amazon Store Card. In June, I got a car loan and a $5,000 Visa Signature card from my credit union. In July, I got an Amex Gold card. In August, I got two Amex cobrand cards. In September, I got a PayPal MasterCard. That fall, I gardened and worked on credit limits. In December, I got an Apple Card. In January, I got an Amex Platinum. In February, I gardened. In March, I got an Amex Delta Platinum card with a $20,000 limit. Also in March, I got an Amex Blue Cash Everyday card with a $10,000 limit. Also in March, I got a Citi AAdvantage Platinum card with an $11,000 limit. Today (April), I got a Citi Costco card with a $9,500 limit. My FICO 8 scores are in the mid-700s, and the results from my recent applications are in line with the scores.
MyFICO has been vital for this, both the subscription service's scores and info, and the forum itself. Although, as happens everywhere, there is a tendency for people to get dogmatic in unhelpful ways, so it's best for anyone starting this journey to hear multiple opinions (to the extent this board allows it) and to know real-world results that people have had using different methods.
@Cindy_FICO Hey Cindy,
If it weren't for MyFico and doing a simple search in Oct. 2018 about credit cards I'd still be creditless. We had one thing, a loc from our local bank and nothing else. I didn't think we could get a credit card until all the bad stuff was completely gone and I didn't even know when that would be. I figured many, many more years tbh.
I typed in "credit cards for bad credit people" (lol) and up pops a bunch of MyFico stuff. Never heard of y'all before. I read probably 20 threads, searched for Discover and app'd......got a secured card for $200. Since that afternoon in October, we have been able to pick up another $320k in credit (Business and Personal) and all of it is because of MyFico forum and members, no where else on the internet did I rely upon because the ppl advising here sounded so smart and sincere and not pushing a lot of weird stuff and peddling products.
While rebuilding I learned through the MyFico Business Forum about Business Credit. It was all Greek to me as we've always personally guaranteed 90 day notes and had accts. with local business for 30+ years. We needed strong personal scores to start the build process for our company which were, after 8 months of rebuild, getting to an acceptable range. Started apping for biz cards in Summer of 2019. It's been an exciting journey, a little too fun sometimes.
So after 1.5 yrs. we will be finished with the personal rebuild hopefully soon as all that's left is a 30 day late with our bank that I'm in the process of GW in hopes of completing our journey in the very near future.
Thank you to all who guided and directed me because it's truely been a life changing event in a surprisingly short amt. of time. I tell ppl this a lot......."Go to MyFico".
ETA: GOAL
The purpose for the personal rebuild and business build will be an important personal loan through our bank in April 2021. Our LO said to have our scores higher than what they were, and they are by 120+ pts., and we will qualify for the best rate and will also apply for a Business loc too.
@GApeachy wrote:@Cindy_FICO Hey Cindy,
If it weren't for MyFico doing a simple search in Oct. 2018 about credit cards I'd still be creditless. We had one thing, a loc from our local bank and nothing else. I didn't think we could get a credit card until all the bad stuff was completely gone and I didn't even know when that would be. I figured many, many more years tbh.
I typed in "credit cards for bad credit people" (lol) and up pops a bunch of MyFico stuff. Never heard of y'all before. I read probably 20 threads, searched for Discover and app'd......got a secured card for $200. Since that afternoon in October, we have been able to pick up another $320k in credit (Business and Personal) and all of it is because of MyFico forum and members, no where else on the internet did I rely upon because the ppl advising here sounded so smart and sincere and not pushing a lot of weird stuff and peddling products.
While rebuilding I learned through the MyFico Business Forum about Business Credit. It was all Greek to me as we've always personally guaranteed 90 day notes and had accts. with local business for 30+ years. We needed strong personal scores to start the build process for our company which were, after 8 months of rebuild, getting to an acceptable range. Started apping for biz cards in Summer of 2019. It's been an exciting journey, a little too fun sometimes.
So after 1.5 yrs. we will be finished with the personal rebuild hopefully soon as all that's left is a 30 day late with our bank that I'm in the process of GW in hopes of completing our journey in the very near future.
Thank you to all who guided and directed me because it's truely been a life changing event in a surprisingly short amt. of time. I tell ppl this a lot......."Go to MyFico".
@GApeachy LOL! I'm Greek. Χωρίς το MyFICO δεν θα ήμουν εκεί που είμαι τώρα. (Without MyFICO I wouldnt be where I'm at now).
@FireMedic1 wrote:LOL! I'm Greek. Χωρίς το MyFICO δεν θα ήμουν εκεί που είμαι τώρα. (Without MyFICO I wouldnt be where I'm at now).
You said it best!