copperarab Posted July 3, 2003 Report Share Posted July 3, 2003 ~OK guys...I need to tell ya...I LOVE YOU ALL!!!!!!!! OK so I sound a bit wacky, but when you get your FIRST CC at age 38 like I just did you would understand...Got the B_E_A_U_T_I_F_U_L Union Plus Card. I applied on a drunken whim late one night, got the wait 7-10 days deal, and then I FORGOT about it!!!! It came in the mail yesterday with a $2000 limit. I havn't called to activate yet cuz I am nervously excited ))) It's REAL sweet with the upper left corner saying, in BOLD letter, WRITERS GUILD OF AMERICA, EAST WGAE.......I went to college for journalism and currently am enrolled in Writers Digest School...Hope to have that novel on a rack someday .....OK..I have read several confusing things..please clear up?1) Don't use your new card for a few months2) Use your card for a small purchase and pay in full3) Use your card and only pay minimum for a few months, then pay it off...Which one?? Here are my results after 30 days:: (per MyFico.com)TU Score went from 508 to 629 3 out of 5 deletions Redisputing 1, plus put late student loans into disputeEQ Score went from 624 to 678 2 out of 4 deletions 1 C/O upgraded to $0 balance Have put late student loans into disputeEX Score went from 612 to 636 3 out of 5 deletions 1 still in question? Have put late student loans into dispute It's funny how one tradeline that may be on all 3 gets verified on 1 and dropped on the others....I redisputed some stuff online and will wait out another 30 days while watching PG........Had to give up the 30 day free TU/EQ/EX trials...I will mst likely purchase new FICO scores next month...too bad it costs nearly $40!!!I have written a goodwill letter to one student loan in hopes to ease some of my late marks....I am also planning on re-writing Providian about the C/O from 1996.Looking good so far.....Thanks everyone!!!!!!!!!!!!!!!!!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
kb9tbq Posted July 4, 2003 Report Share Posted July 4, 2003 ~OK guys...I need to tell ya...I LOVE YOU ALL!!!!!!!! OK so I sound a bit wacky, but when you get your FIRST CC at age 38 like I just did you would understand...Got the B_E_A_U_T_I_F_U_L Union Plus Card. I applied on a drunken whim late one night, got the wait 7-10 days deal, and then I FORGOT about it!!!! It came in the mail yesterday with a $2000 limit. I havn't called to activate yet cuz I am nervously excited ))) It's REAL sweet with the upper left corner saying, in BOLD letter, WRITERS GUILD OF AMERICA, EAST WGAE.......I went to college for journalism and currently am enrolled in Writers Digest School...Hope to have that novel on a rack someday .....Congrats, well get off your behind and call them up to get that baby activated. :p OK..I have read several confusing things..please clear up?1) Don't use your new card for a few months2) Use your card for a small purchase and pay in full3) Use your card and only pay minimum for a few months, then pay it off...Which one?? Door number 3; use your card and pay minimum for a few months, actually best to keep a balance on the card regularly - $50 revolving balance is best no more. This will allow the tradeline to be counted in the utilization part of the scoring / getting the best results. Plus your creditor will definitely appriciate you letting them make a bit of interest off you in the deal, so they are more likely to keep customers who leave balances month to month on the cards.TU Score went from 508 to 629 3 out of 5 deletions Redisputing 1, plus put late student loans into disputeEQ Score went from 624 to 678 2 out of 4 deletions 1 C/O upgraded to $0 balance Have put late student loans into disputeEX Score went from 612 to 636 3 out of 5 deletions 1 still in question? Have put late student loans into disputeVery good news on your scores, what other types of positive accounts do you have working for you? Link to comment Share on other sites More sharing options...
copperarab Posted July 5, 2003 Author Report Share Posted July 5, 2003 ~HI kb!!!Well I did call and activate the card...Geesh I hope it works I am going to Atwods this morning and purchasing some more T posts and wire for my horses..need to move them to better grass....I figured itwill run me a bit over $200...I'll just pay off a few doubled minimum payments for 2 or 3 months, then just keep a LOW balance...Thanks fr your help!!~For positive TLs....I have a $17,000 car loan at (Eeeek) 21% that now has a $1.650 balance....will be paid off in 4 more months!! I also have a student loan with high credit of $5,800, been paying on it for a few years with NO lates...Also have a Fingerhut revolving acct that is still open but doesnt have a balance on it....Thats it for Positives....I really needed more revolving credit to help me in the future.The simulator on t MYFICO site claims that this new cc should put me in the 705-715 range!!! Keeping fingers crossed!![Edit by copperarab on [TIME]1057409445[/TIME]] Link to comment Share on other sites More sharing options...
kb9tbq Posted July 5, 2003 Report Share Posted July 5, 2003 ~For positive TLs....I have a $17,000 car loan at (Eeeek) 21% that now has a $1.650 balance....will be paid off in 4 more months!!I would of said to refinance, but being you are this close to paying off....just don't do that again (no one should ever pay that much! Fact of the matter, as you establish good credit and pay on existing credit you scores are going to continue to climb always putting you in a new score verses interest rate range, so you can alway procceed to refinance these.You can stand to eventually add one more credit card, but any other additional credit you get / work directly with banks & credit unions for installment loans (this will run your scores up in no time). One prime example is taking out installment loan - but immediately investing it into a CD Account at the bank, then with the extra car payments freed up, use this money to pay on the installment loan. In a few years, you will have a good savings account with interest added, but also a good tradeline to show for it. Link to comment Share on other sites More sharing options...
sisflomi Posted July 5, 2003 Report Share Posted July 5, 2003 Congrats to you lisa good work on your part. Link to comment Share on other sites More sharing options...
vonniegirl2 Posted July 5, 2003 Report Share Posted July 5, 2003 <blockquote>Originally posted by copperarab~OK guys...I need to tell ya...I LOVE YOU ALL!!!!!!!! OK so I sound a bit wacky, but when you get your FIRST CC at age 38 like I just did you would understand...Got the B_E_A_U_T_I_F_U_L Union Plus Card. I applied on a drunken whim late one night, got the wait 7-10 days deal, and then I FORGOT about it!!!! It came in the mail yesterday with a $2000 limit. I havn't called to activate yet cuz I am nervously excited ))) It's REAL sweet with the upper left corner saying, in BOLD letter, WRITERS GUILD OF AMERICA, EAST WGAE.......I went to college for journalism and currently am enrolled in Writers Digest School...Hope to have that novel on a rack someday .....OK..I have read several confusing things..please clear up?1) Don't use your new card for a few months2) Use your card for a small purchase and pay in full3) Use your card and only pay minimum for a few months, then pay it off...Which one?? Here are my results after 30 days:: (per MyFico.com)TU Score went from 508 to 629 3 out of 5 deletions Redisputing 1, plus put late student loans into disputeEQ Score went from 624 to 678 2 out of 4 deletions 1 C/O upgraded to $0 balance Have put late student loans into disputeEX Score went from 612 to 636 3 out of 5 deletions 1 still in question? Have put late student loans into dispute It's funny how one tradeline that may be on all 3 gets verified on 1 and dropped on the others....I redisputed some stuff online and will wait out another 30 days while watching PG........Had to give up the 30 day free TU/EQ/EX trials...I will mst likely purchase new FICO scores next month...too bad it costs nearly $40!!!I have written a goodwill letter to one student loan in hopes to ease some of my late marks....I am also planning on re-writing Providian about the C/O from 1996.Looking good so far.....Thanks everyone!!!!!!!!!!!!!!!!!!!!!!!!!!!!</blockquote>Congratulations on your Union Plus card and your improved scores. As far as your first cc...better late than never. Continue to keep us informed with your progress woohoo [Edit by vonniegirl2 on [TIME]1057432462[/TIME]] Link to comment Share on other sites More sharing options...
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