I will preface this by saying around a year and half ago I was in credit trouble. I couldn’t borrow $ 1,000 with $ 2,000 as collateral. My scoreson were in the 480 – 485 range. That was a huge gut check to me, so I decided to do something about my bad credit decisions.
I needed a new vehicle, so I applied at a local dealer and got a jeep liberty with a huge 22% interest rate, but I was ok with that because we had a new baby and I needed a reliable vehicle.
Capitol one was my start for credit cards, I got their secure card 10 months ago with a $ 1,000 deposit.
2 months late I got a surge mastercard with a $ 500 limit (I didn’t know how terrible this card was back then)
Either way I have made 19 successful auto loan payments with no late payments. The cards I did get a big Balance on each but successfully paid them down to $ 0 balances.
Fast forward to 3-4 weeks ago, capitol one offered me a platinum unsecured with $ 500 CL. I accepted.
I also applied for a discover secure rewards card with a $ 500 deposit around 2 weeks ago and got approved.
2 days ago I applied for a bank of America rewards platinum plus secure with $ 500 deposit got approved for that one as well..
Yesterday I decided I needed my real credit scores so I could keep improving. So I went ahead and signed up for the myfico 3b
TU – 620
EQ – 620
EX – 600
I have been working diligently to get old and bad stuff off of my report and have been successful so far at doing so.
So my plans as of now.
1) Close the surge mastercard
2) Start to garden with my discover, boa, and both CO
3) PC CO platinum to QS ask for CLI @ 3 months
I just wanted to give a big thank you for all of the contributors here. I have been lurking for a while and just recently made an account.