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

Valued Member

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

Hello! Did you see a decent point jump in your credit when MJC began reporting? I’m thinking of applying, to quickly bring down my utilization %.
Message 11 of 20
Member

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

So these are sure fire methods to get these cards? Will it work with a poor FICO score?
Message 12 of 20
Regular Contributor

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

If you currently have high utilization ,( like many people with poor Fico scores), these two credit lines should help you decrease overall utilization. Therefore giving you a boost in score. Plus having multiple credit lines reporting as open and in good standing will certainly help your score over time.

I’ll update you guys when MJC and NCD show up on my credit report and what improvement in scores I see.
REBUILD STARTED 10/27/18


SCORES 2/3/19


“Breathing new life into a dead credit file”
Message 13 of 20
Valued Member

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

**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 14 of 20
Valued Member

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

Oh am i doing the Spade thing wrong? lol I though you pick how long you're wanting to not pull your credit. Guess I will go get the baby leaf. lol

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 15 of 20
Regular Contributor

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

Very nice score increase! Congratulations on that. I’m hoping for a similar outcome. Still waiting for both to report. If you don’t mind telling me, can I ask what day did they report? And when did you sign up exactly? Thanks!
REBUILD STARTED 10/27/18


SCORES 2/3/19


“Breathing new life into a dead credit file”
Message 16 of 20
Valued Member

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


Thank you, and I only see the account posting on Experian for now. I am sure it will be on the other reports soon. I got MJC and NCD on January 14th 2019, both on the same day. I received both items 10 days later. And it shows on Experian's website that the account reported to experian on Feb,01,2019.

 

I am sure though that if I refreshed all of my reports today on myFico it would show up on all 3.

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 17 of 20
Regular Contributor

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

Thanks for the info! I’ll report back with any score changes when my accounts report.
REBUILD STARTED 10/27/18


SCORES 2/3/19


“Breathing new life into a dead credit file”
Message 18 of 20
Regular Contributor

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

**Update as of 2/3/19**

Both accounts have reported to TU ( up 22points). Only MJC has reported to EX (up 29 points). EQ hasn’t updated yet with either, (up 9 points).
REBUILD STARTED 10/27/18


SCORES 2/3/19


“Breathing new life into a dead credit file”
Message 19 of 20
Valued Member

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

Nice!

 

As for me both of cards are posting now. Just to get it out of the way, I’ve already paid the first payments even though they’re not due until the first week of March. If anyone knows of any other similar cards that report to all 3 credit bureaus let me know. 

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 20 of 20