divinemadness Posted December 4, 2007 Report Share Posted December 4, 2007 when should i start applying for credit? i tried today, with only 1 report all positive. and the other 2 im still working on. i have credit score avg 515. of course i wasnt approved for anything. when should i start applying? im working towards getting all negatives all my report to give me a clean slate. sending goodwill letters to the creditors i paid there chargeoffs and what not. anyone have experience to share or what not? im going to get my scores now, from fico to see if eq went up since its all positive now. im 23 and have very limited credit history. the only positive things, are 3 loans from my credit union. all which were cosigned for cause im too young and before things went bad with my credit (i had ovarian cancer and couldnt work for many years). the positives are: 1. pentagon federal credit union, 1st auto loan amount 3500, paid in full no late payments. opened in 2004 paid off in 20062. pentagon federal credit union, personal line of credit/overdraft/thrifty credit $500, closed and paid in full (the cosigner forced me to close it when i got sick), opened 2004 closed in 20053. current auto loan through pentagon federal again, 18,900 still owe 15000 only 1 year old.im very confused when i should start applying for credit. the creditors that pull my good report, EQ are telling me limited credit history and length of accounts and what not... Link to comment Share on other sites More sharing options...
Amerikaner83 Posted December 4, 2007 Report Share Posted December 4, 2007 The quote in my sig sums it up nicely (IMO)...credit repair has two facets...fixing the old and building the new.Sounds like you're getting a good handle on the fixing of the old...now to the building of the new: CJ (www.crownjewelers.com) does not do a credit check. They'll give yo ua $1500 line of credit...they report to EX and TU. You may want to look into a secured card of some type...perhaps @ the credit union? That's a good way to build cedit as well. I'd put in at least 500 bucks...preferably 1,000. Link to comment Share on other sites More sharing options...
divinemadness Posted December 4, 2007 Author Report Share Posted December 4, 2007 ok thanks!! i applied a CJ just waiting to here from them.i also applied for total visa, and they ask for a copy of my drivers license, social security card, and utlity bill mailed to them before they give me a card.. ill look into a secured card with pfcu. ive been a member of therese since i was born. my father made sure to open savings account when we were little. they were never used, but LOL ive been a member since! Link to comment Share on other sites More sharing options...
Amerikaner83 Posted December 4, 2007 Report Share Posted December 4, 2007 your util % will be driven down a little bit...but not much when looked at against your 15K of 18K available...but it will help out more by adding the PAYS AS AGREED TL...that's the good one. And then couple that with a secured CC, nice little mixture. Link to comment Share on other sites More sharing options...
AboveAverage Posted December 4, 2007 Report Share Posted December 4, 2007 Just remember to PIF (pay in full) on the cheap stuff. You can do a search on Crown Jewelers, but from what I gathered, the jewelry is crap and you just want the TL reported to the credit bureaus. So a pair of earrings a month or every two months will not be bad. Link to comment Share on other sites More sharing options...
divinemadness Posted December 4, 2007 Author Report Share Posted December 4, 2007 ok perfect. so let make sure i get this rightget the CL and pays as agreed with thatget a secured card to get more pays as agreed.what about if i can get an unsecured card? but i think they ahve a bunch of fees with them.should i use them or just let them sit there????? Link to comment Share on other sites More sharing options...
divinemadness Posted December 4, 2007 Author Report Share Posted December 4, 2007 oh and pay in full each month with little purchases here an there? Link to comment Share on other sites More sharing options...
Amerikaner83 Posted December 4, 2007 Report Share Posted December 4, 2007 yup - LITTLE purchases. Gas for the car once or twice a month, PIF each time. For the CJ thing though - you only need to buy ONE thing...the TL will stay on your report like 6 months before you need to buy again. in 6 months your scores should be in the 600s, and you can then get the Sterling Trifecta. No further need for CJ. Link to comment Share on other sites More sharing options...
divinemadness Posted December 4, 2007 Author Report Share Posted December 4, 2007 ok perfect, thankyou!!omg i was just looking at CJs stuff. LOL its crud. i used to order it wholesale and sell it on ebay. LOLLLLL i have like al lthat in left over stock!!! Link to comment Share on other sites More sharing options...
Amerikaner83 Posted December 4, 2007 Report Share Posted December 4, 2007 LOLI got my DF the weird looking pink butterfly silver necklace...she loves it for some reason - and it cost like 35 bucks. Not bad for a $1500 TL reporting is it ? Link to comment Share on other sites More sharing options...
divinemadness Posted December 4, 2007 Author Report Share Posted December 4, 2007 lol not at all!!!wouldnt it work just to buy an item and return it? so the credit back the card? or no? Link to comment Share on other sites More sharing options...
divinemadness Posted December 4, 2007 Author Report Share Posted December 4, 2007 https://www.firstoptioncredit.com/they good? they just sent me an email. dunno how they got my address LOL:| Link to comment Share on other sites More sharing options...
Amerikaner83 Posted December 4, 2007 Report Share Posted December 4, 2007 https://www.firstoptioncredit.com/they good? they just sent me an email. dunno how they got my address LOL:|STAY AWAY!!!!59.00 annual fee - 99.00 set up fee for one card...I don't think so. Go toa credit union for much better rates! Link to comment Share on other sites More sharing options...
divinemadness Posted December 4, 2007 Author Report Share Posted December 4, 2007 OK!thanks. so no fees. got it. thats intersting too cause cap one just sent my fiance a card without him applying. it was so oodd and he stays away from cap one cause of the trouble i had with them. so we cut it up and mail it back to them and say cancel no thanks. we get a bill in the mail for 29.00 yearly fee on it. friggin cap one. Link to comment Share on other sites More sharing options...
divinemadness Posted December 4, 2007 Author Report Share Posted December 4, 2007 CJ what is up with 12 bucks to ship a pair of earrings? GEEZ Link to comment Share on other sites More sharing options...
ShortBus Posted December 4, 2007 Report Share Posted December 4, 2007 https://www.firstoptioncredit.com/they good? they just sent me an email. dunno how they got my address LOL:|A secured card with these great benefits:- fixed rate of 19.5%- A fee of $59 per year applies.- $100 "processing fee"- The grace period is zero days for both purchases and cash advances.- For each month that there is an out-standing balance on your account the minimum is $0.50 per month.What a joke. Link to comment Share on other sites More sharing options...
divinemadness Posted December 4, 2007 Author Report Share Posted December 4, 2007 lol yea im gladi found this forum im learning what to watch out for! Link to comment Share on other sites More sharing options...
Gravity357 Posted December 4, 2007 Report Share Posted December 4, 2007 A secured card with these great benefits:- fixed rate of 19.5%- A fee of $59 per year applies.- $100 "processing fee"- The grace period is zero days for both purchases and cash advances.- For each month that there is an out-standing balance on your account the minimum is $0.50 per month.What a joke.WOW!! Sign me up for 3!! Link to comment Share on other sites More sharing options...
divinemadness Posted December 4, 2007 Author Report Share Posted December 4, 2007 lol Link to comment Share on other sites More sharing options...
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