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Just signed up with My Jewelers Club and New Coast Direct for $10,0000 unsecured boosting

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Valued Member

Just signed up with My Jewelers Club and New Coast Direct for $10,0000 unsecured boosting

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!

 

**UPDATE 02/01/2019**

 

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.

Starting November 2018 after BK Ch7 discharge - scores mid 400s
(Jan 2019 EQ 622 TU 592 EX 589) Total Revolving Credit $23,300

NFCU secured $5,000, DISCOVER IT secured $2,500, OpenSky $3,000, Unify (western) FCU secured $2,500, Capital One Platnium $300, Greendot secured $200, New Coast Direct $5000, MyJewelersClub $5,000 (Never late,PIF monthly)

Installments: Auto, Student loans (4 total accounts never late)

Collections: 0

Utilization: 41% (goal 6% year around)

Inquiries: EQ 23 TU 27 EX 19

Goal: 740 (EQ,TU,EX, by November 2020)
Message 1 of 22
21 REPLIES 21
Established Member

Re: Just signed up with My Jewelers Club and New Coast Direct for $10,0000 unsecured boosting

MJC does do a credit check at least they did when I got my account it shows up on Experian.











 
 
 
 



 CASH is a byproduct of Labor which is driven by Stable Emotions, CREDIT is a byproduct of Skill which is driven by Mindset, LIFE INSURANCE is more about Life then it is about Death, Creating Multi-Generational WEALTH takes Labor, Stable Emotions, Skill, Mindset, Life and Death!
Message 2 of 22
Valued Member

Re: Just signed up with My Jewelers Club and New Coast Direct for $10,0000 unsecured boosting

They haven’t ding’d me yet, only NCD. Hoping to keep it that way lol I’ll update if I’m pulled. But as of right now, no pulls.
Starting November 2018 after BK Ch7 discharge - scores mid 400s
(Jan 2019 EQ 622 TU 592 EX 589) Total Revolving Credit $23,300

NFCU secured $5,000, DISCOVER IT secured $2,500, OpenSky $3,000, Unify (western) FCU secured $2,500, Capital One Platnium $300, Greendot secured $200, New Coast Direct $5000, MyJewelersClub $5,000 (Never late,PIF monthly)

Installments: Auto, Student loans (4 total accounts never late)

Collections: 0

Utilization: 41% (goal 6% year around)

Inquiries: EQ 23 TU 27 EX 19

Goal: 740 (EQ,TU,EX, by November 2020)
Message 3 of 22
Established Member

Re: Just signed up with My Jewelers Club and New Coast Direct for $10,0000 unsecured boosting

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. 











 
 
 
 



 CASH is a byproduct of Labor which is driven by Stable Emotions, CREDIT is a byproduct of Skill which is driven by Mindset, LIFE INSURANCE is more about Life then it is about Death, Creating Multi-Generational WEALTH takes Labor, Stable Emotions, Skill, Mindset, Life and Death!
Message 4 of 22
Established Member

Re: Just signed up with My Jewelers Club and New Coast Direct for $10,0000 unsecured boosting

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.











 
 
 
 



 CASH is a byproduct of Labor which is driven by Stable Emotions, CREDIT is a byproduct of Skill which is driven by Mindset, LIFE INSURANCE is more about Life then it is about Death, Creating Multi-Generational WEALTH takes Labor, Stable Emotions, Skill, Mindset, Life and Death!
Message 5 of 22
Valued Member

Re: Just signed up with My Jewelers Club and New Coast Direct for $10,0000 unsecured boosting

Will do!
Starting November 2018 after BK Ch7 discharge - scores mid 400s
(Jan 2019 EQ 622 TU 592 EX 589) Total Revolving Credit $23,300

NFCU secured $5,000, DISCOVER IT secured $2,500, OpenSky $3,000, Unify (western) FCU secured $2,500, Capital One Platnium $300, Greendot secured $200, New Coast Direct $5000, MyJewelersClub $5,000 (Never late,PIF monthly)

Installments: Auto, Student loans (4 total accounts never late)

Collections: 0

Utilization: 41% (goal 6% year around)

Inquiries: EQ 23 TU 27 EX 19

Goal: 740 (EQ,TU,EX, by November 2020)
Message 6 of 22
Regular Contributor

Re: Just signed up with My Jewelers Club and New Coast Direct for $10,0000 unsecured boosting

Thanks for sharing your experience so far. I actually just signed up for both MJC and NCD as well. Waiting for MJC to report. Do you know for certain if NCD reports to all 3 bureaus? How long did it take for your account to be fully approved? I signed up today and although I got the preapproval for 5k once I bought something over $100. My account approval says “pending” in my account details.

Thanks for any updates or info you can provide.
REBUILD STARTED 10/27/18


SCORES 3/3/19


“Breathing new life into a dead credit file”
Message 7 of 22
Valued Member

Re: Just signed up with My Jewelers Club and New Coast Direct for $10,0000 unsecured boosting

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.

Starting November 2018 after BK Ch7 discharge - scores mid 400s
(Jan 2019 EQ 622 TU 592 EX 589) Total Revolving Credit $23,300

NFCU secured $5,000, DISCOVER IT secured $2,500, OpenSky $3,000, Unify (western) FCU secured $2,500, Capital One Platnium $300, Greendot secured $200, New Coast Direct $5000, MyJewelersClub $5,000 (Never late,PIF monthly)

Installments: Auto, Student loans (4 total accounts never late)

Collections: 0

Utilization: 41% (goal 6% year around)

Inquiries: EQ 23 TU 27 EX 19

Goal: 740 (EQ,TU,EX, by November 2020)
Message 8 of 22
Community Leader
Valued Contributor

Re: Just signed up with My Jewelers Club and New Coast Direct for $10,0000 unsecured boosting

You should probably delete that "Platinum Spade"

Just sayin'  00AAsmiley-face-cool-2.gif




Message 9 of 22
Regular Contributor

Re: Just signed up with My Jewelers Club and New Coast Direct for $10,0000 unsecured boosting

My NCD account status has moved to “approved”. So here’s to hoping on fast and consistent reporting from MJC and NCD. I’ve already received my order from MJC as well. When these two begin reporting, my UTI should go from 97%—>33%. Looking forward to a nice increase.
REBUILD STARTED 10/27/18


SCORES 3/3/19


“Breathing new life into a dead credit file”
Message 10 of 22