Hey guys, so after being discharged from my chapter 7 it’s been for the most part smooth getting credit. I have learned a lot from you all. I just signed up with the 2 company’s that are in the title post to help me boost my file, here’s a quick overview.
My Jewelry club, many of you have spoke on this company. At first I was like no way, this company looks kind of shady with an old looking website and high prices. But many of you have given good reviews saying that when signed up, everyone is approved for $5k. Well I can confirm this, I signed up yesterday paying the member fee. I was even sent a coupon code ‘ comeback10’ by them taking $10 off the $99 fee making my sign up $89. In order to follow their directions we are supposed to put $100+ in the cart, apply, pay 50% down the boom...$5000 limit unsecured. I think it’s worth a shot because it’s NO CREDIT CHECK, but as always do your own due diligence and make sure the fees do not set you back.
New Coast Direct, I also signed up with them. Same process... pay the fee $99 - no coupon - add $100+ dollars into cart then you’re approved for $5000. The only thing with them is that a credit check IS REQUIRED. Plus their website prices are a ripoff. Tools being the most, charging $500 on average for simple things that’s $50 or less everywhere else.
Big take away, the fees for both are charged YEARLY however both companies do report to all 3 major CRAs. So it would be $200 a year to keep both of these trade lines open. If this is something that is a deal breaker for you then don’t do it. It’s not worth extra headache!
New Coast Direct just reported the trade line on my credit report. Shows the full 5k limit and reporting under the name MAJR Financial Corp. Due to me keeping a high utililization because I use my CCs like Debit cards and pay them in full every month, I got a 39 point boost on each report. Keep in mind that my utl was 98% now its in the 50s. This is why it was such a big boost. Once the other tradeline from My Jewelers reports, my utl should be around 12% utl which would mean another pretty big boost. Hopefully its another 40+ points. 680 here i come? lol I will try to keep them down at 7% or below over time though.
MJC does do a credit check at least they did when I got my account it shows up on Experian.
They will, it appears they wait until they are getting ready to report then they will pull experian. When it shows up expect it to begin reporting within the next 30 days or so.
Keep us posted on NCD i was thinking about adding them let me know when they start reporting so i can gauge if I want to add that tradeline as well.
I have already received my order from MJC. Still wanting on my NCD order. But to answer your question, my account was no longer pending 24 hours later. None have reported to my credit yet though, but hopefully I’ll see them reporting in the next 45 days.