Score Movement!

[Anonymous]

Opened our first credit card in many, many, years in February (Cap1 Secured) and it will have the second statement closing next week so will finally report around the same time.  But we also opened up a Disco secured the middle of March and it just reported as a new account to TU and bumped us 20 points!  Just for showing that we got 1!  So excited for Cap1 to report next week as well with our first payment.  It's been six weeks of patience to see the secured credit cards show up and pay off in points!

Now to just sit and wait for Ex and Eq to report it too - scores feel lopsided 

[FireMedic1]

Welcome and congrats. Let the rebuild begin! Thats how you do it. In time (wait 6 months) get that 3rd card and I guess you have an installment/mortgage loan. If not Self Lender helps you get the FICO bonus of 3 revolvers and a loan. Slow and steady wins the race! Enjoy!

[Anonymous]

Thank you! We do have auto loans already.  We are getting ready to trade one in that has a crazy high APR in a couple weeks now that these free revolver points are coming in and then we are basically gardening for a year with the hopes that we can buy a house next summer.  The only thing we'll be doing is working on PFD'ing some of the collections on our account that are old but still regularly reporting and maybe apping for that third card when we feel we can get a decent unsecured line.  Until then, we're happy with two cards and making sure we manage them wisely!

[FireMedic1]

Great strategy. Good Luck!