tommy32

Target Card Question about score

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I was wondering what does your score need to be to qualify for a Target Red card. Also if anyone knows, what kinda score do you need for the regular Old Navy card?Thanks ...Tom:)

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Idk what your score has to be w/target, but mine was in the high 570s and I got the target red. Reports weren’t clean (tax lien, CAs, lates, COs, etc.), BUT my baddies were from 2003 or older, so maybe that helped. Also, I had 1 yr of good history w/orchard and first premier before I got the target.

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Keep in mind that *a lot* has changed with the credit markets over the past couple of months. Sites like whogavemecredit.com are practically useless anymore. As are other people's experiences.

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So what you are saying is that other peoples experiences are usless? I thought this forum was made so we can all use our past, present experiences to help each other out? Sorry for asking....

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Idk what your score has to be w/target, but mine was in the high 570s and I got the target red. Reports weren’t clean (tax lien, CAs, lates, COs, etc.), BUT my baddies were from 2003 or older, so maybe that helped. Also, I had 1 yr of good history w/orchard and first premier before I got the target.

That sounds good I think I am around those marks now Thanks for the input.:)

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That sounds good I think I am around those marks now Thanks for the input.:)

btw, i forgot to mention that i was approved in late may 08. yes, a lot has changed in the past few mos., but it seems like people are still getting approved w/scores in the high 500s for target

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btw, i forgot to mention that i was approved in late may 08. yes, a lot has changed in the past few mos., but it seems like people are still getting approved w/scores in the high 500s for target

Thats what I figured...I just want to get one other card for right now to help rebuild. I am not appling for a few months because I am disputing a lot of stuff right now and I want to get my scores and other reports together.

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So what you are saying is that other peoples experiences are usless? I thought this forum was made so we can all use our past, present experiences to help each other out? Sorry for asking....

No, what I'm saying is that Wall Street as we know it pretty much died today. Goldman Sachs and Morgan Stanley, last two remaining investment banks of any note, converted to a holding bank. The whole point of the $700 Billion dollar bailout is because credit has pretty much dried up everywhere. Credit is the grease of the economic machine. Even banks are having a hard time borrowing from other banks. A conventional mortgage that used to require a 680 FICO and zero down payment now requires a 760 FICO and 20% down.

Easy credit is gone. And it ain't coming back anytime soon. I'm sorry, but newbies such as yourself who haven't yet gotten to the rebuild step are going to have a real hard time finding someone to take a chance on you now. If you want to see who might be your best bet, only compare yourself to accounts opened within the past two months (and even then there's no guarantee since availability of credit continues to decline). Secured cards might be your only option for a good time to come.

Coincidentally: food for thought.

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Bus I understand what you are saying now...Just to let you know I did go on whogavemecredit.com and I checked various creditors in my state with in the last few months and it didn't look real bad....BUT I am sure it is going to get BAD...I added some information there too.Well I am not going to let any of that discourage me, I am going to keep on doing what I have been doing. Oh, one thing you call me a newbie and I have been a registered member almost as long as you? Unless you were refering to my situation as newbie. Believe me I have been lurking in this site as a guest for years and I never registered, I just used to read and try a few things here and there, but now I am going to battle full on...

It is what it is...Now i got a question...If everyone, meaning the banks, creditors etc., stops giving loans to people with poor, or average credit then how in the heck are they going to make any money? Because most of the US will have poor or not so good credit...They are going to have to loan money or extend credit sooner or later to us, or how will they make any money? I have been paying cash for years but I dont think everyone or most of America is going to do that..Thanks for the input...:)

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Jay thanks for the info...I went there last night and played around with it...It seems like a cool place...One thing was that everone in my state makes like 5 times as much as me LOL I swear everyone who added info there their incomes were like 100k and up or real close to 100K LOL It was just funny...Again thank you...:)

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Bus I understand what you are saying now...Just to let you know I did go on whogavemecredit.com and I checked various creditors in my state with in the last few months and it didn't look real bad....BUT I am sure it is going to get BAD...I added some information there too.Well I am not going to let any of that discourage me, I am going to keep on doing what I have been doing. Oh, one thing you call me a newbie and I have been a registered member almost as long as you? Unless you were refering to my situation as newbie. Believe me I have been lurking in this site as a guest for years and I never registered, I just used to read and try a few things here and there, but now I am going to battle full on...

It is what it is...Now i got a question...If everyone, meaning the banks, creditors etc., stops giving loans to people with poor, or average credit then how in the heck are they going to make any money? Because most of the US will have poor or not so good credit...They are going to have to loan money or extend credit sooner or later to us, or how will they make any money? I have been paying cash for years but I dont think everyone or most of America is going to do that..Thanks for the input...:)

I didn't even notice your join date, I just didn't recognize you as a regular. Sorry.

Lenders traditionally make/made money by charging interest on loans to people who were good credit risks. They wouldn't lend you money unless they were almost certain to get their money back and collect interest along the way. Things changed over the past 10-20 years or so. Loans and other debt was bundled together with hundreds or thousands of other accounts, packaged as a type of security, and sold off to investors. Most of these investors were foreign funds looking to invest their new found cash as a result of a global economic boom. Think China, India, and to some extent, Russia.

Since they just passed the buck down the line, many lenders weren't as concerned about getting repaid as they had been previously (when it used to be their money). Out of sight, out of mind.

So they switched their business model to make a good chunk of their money on servicing the accounts and raking in fees. Subprime borrowers were the ideal target for this since they normally have lower-than-average money management skills and are less sensitive to being nickel-and-dimed. But subprime borrowers are obviously risky to lend money to--moreso than prime borrowers at least. However, with housing prices racing up, people who had a hard time paying their cards could easily get a home equity loan or HELOC since the value of their home kept going up. So they tapped their home's appreciation to pay their credit card bills. Of course, housing prices have crumbled now though and that ATM has dried up. Now all this subprime debt is rapidly becoming plain 'ole toxic bad debt.

The industry is now begging the federal government to buy this mountain of bad debt (it's not just mortgages they're looking to unload) for the tidy sum of $700 billion. Banks are running away, screaming from subprime borrowers at the moment. In fact, they're barely talking to prime borrowers.

Good luck with the card hunting; perhaps certain banks still have programs available for rebuilders. Let us know how it goes.

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Thats ok I never really posted in here till recently I wouldn't expect you or anyone to know who I am. Good information and I will keep everyone informed, and you do the same!! As far as the Bank loans goes I will darn sure try when I get my credit back in order and score up. I always hated them nickel and dimeing me but could never get any real good rates and always had to accept credit from the high interest cards and loans. Well take care and good luck!!

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578 fico I was denied. Then tried six months later with a 618 (Fako) score and was approved finally. They pulled EQ in my state. I was given the $200.00 limit and moved to the $500.00 limit in three months.

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Thats ok I never really posted in here till recently I wouldn't expect you or anyone to know who I am. Good information and I will keep everyone informed, and you do the same!! As far as the Bank loans goes I will darn sure try when I get my credit back in order and score up. I always hated them nickel and dimeing me but could never get any real good rates and always had to accept credit from the high interest cards and loans. Well take care and good luck!!

Tommy, I think you are headed in the right direction: Getting 2-3 credit cards (making sure one is a secured credit card, 1 or 2 department store credit cards). Then, you will surely start building up good credit.

I had a BoA secured credit card for a year, and at the anniversary date - the card became unsecured (PIF at the end of each month, and staying under 30% of the CL).

Let us know how the applying goes or when your disputes come back from the credit agencies.

PS - Target would be a great card to get. :)

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Tommy, I think you are headed in the right direction: Getting 2-3 credit cards (making sure one is a secured credit card, 1 or 2 department store credit cards). Then, you will surely start building up good credit.

I had a BoA secured credit card for a year, and at the anniversary date - the card became unsecured (PIF at the end of each month, and staying under 30% of the CL).

Let us know how the applying goes or when your disputes come back from the credit agencies.

PS - Target would be a great card to get. :)

I will surely keep everyone informed of my progress. So far I got the rewards 660 card, and crown jewlers. I didn't realize that a secured card made a difference, I figured since it was your money and you are paying someone to borrow your money it wasn't a good idea but I might give that a chance...Thanks for the input...tommy:)

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I will surely keep everyone informed of my progress. So far I got the rewards 660 card, and crown jewlers. I didn't realize that a secured card made a difference, I figured since it was your money and you are paying someone to borrow your money it wasn't a good idea but I might give that a chance...Thanks for the input...tommy:)

...No problem, Tommy. The BoA secured credit was by far awesome in helping me prepare my credit. I only had to pay $99 for a $500 credit card limit, but it was worth it. Never went close to the CL and always PIF.

...try to get at least one secured credit card...hopefully, it'll benefit you the same way it did for me. :)

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My fako was around 505 with tons of medical and utility collections. None of it was from revolving debt. I don' tknow if that makes a difference?

They gave me $200 with no increase in the past 15 months. (Thanks to CIC !):)++

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Jay thanks for the info...I went there last night and played around with it...It seems like a cool place...One thing was that everone in my state makes like 5 times as much as me LOL I swear everyone who added info there their incomes were like 100k and up or real close to 100K LOL It was just funny...Again thank you...:)

Your state is only second behind mine in the highest cost of living in the Union. Plus, I worked in Grenwich for 3 months....

Don't get me wrong, I've been to Stamford too and heard about Bridgeport...but Grenwich is definitely a money town....Ferrari dealerships....lmao.....

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I will surely keep everyone informed of my progress. So far I got the rewards 660 card, and crown jewlers. I didn't realize that a secured card made a difference, I figured since it was your money and you are paying someone to borrow your money it wasn't a good idea but I might give that a chance...Thanks for the input...tommy:)

A secured card from BOA or Chase is great. Look for the secured card thread(s) where myself and creditreformer are talking about them.

I too hated secured cards, but it is the best thing you can do for yourself right now. That, and a secured loan. I have an auto loan already so I don't need to deal with the secured loans, but it is going to be something you personally want to get into.

It is very hard for people with even good credit to get loans right now until this bailout issue is addressed by our government. Liquidity needs to go into the markets before you or I or Mr. 800 FICO score (yeah even him...) can even see credit.

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Your state is only second behind mine in the highest cost of living in the Union. Plus, I worked in Grenwich for 3 months....

Don't get me wrong, I've been to Stamford too and heard about Bridgeport...but Grenwich is definitely a money town....Ferrari dealerships....lmao.....

AA..At least your gas is cheaper there and they PUMP IT FOR YOU LOL:shock:

I live in Manchester right outside of Hartford....With my income here I will be living in a apartment for the rest of my life!!!! Yeah Grenwich is outrageous....To think I moved UP here from Clearwater FL!!!!! I was born and raised in Fl, I moved here for my fiancee....

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A secured card from BOA or Chase is great. Look for the secured card thread(s) where myself and creditreformer are talking about them.

I too hated secured cards, but it is the best thing you can do for yourself right now. That, and a secured loan. I have an auto loan already so I don't need to deal with the secured loans, but it is going to be something you personally want to get into.

It is very hard for people with even good credit to get loans right now until this bailout issue is addressed by our government. Liquidity needs to go into the markets before you or I or Mr. 800 FICO score (yeah even him...) can even see credit.

Is BOA's secured card hard to get? How much do you have to put on it?

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Is BOA's secured card hard to get? How much do you have to put on it?

Minimum $300...beautiful thing about them too is this.

When you pay your bill, you can only do it online and they deduct it from your checking account. It's all same day too...no fuss, no muss.

They CLI they reportedly give you is about 2.5 times your original (last) credit limit. I'd be happy with double what I have now. Plus, I desperately needed a 4 digit CC. To this day, knock on wood, I have not gone over 1000 on my BOA. I think 890 or something like that was the closest I spent...but that was it.

Do a search on here and Google. This card will be a million times better than 660. You save 10 bucks a month making that switch...lol :D

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AA..At least your gas is cheaper there and they PUMP IT FOR YOU LOL:shock:

I live in Manchester right outside of Hartford....With my income here I will be living in a apartment for the rest of my life!!!! Yeah Grenwich is outrageous....To think I moved UP here from Clearwater FL!!!!! I was born and raised in Fl, I moved here for my fiancee....

You know the first time I drove out of state during college...making that drive to Florida for Spring Break. I had such culture shock. I'm in VA, just waiting for my gas to be filled...and it was a self-serve station. I was like WT(x)?!?!

Last time I did it was when I went camping in NY 120 miles west of NYC.

So you're not terribly far from the casinos....I have still never been up there....AC is just too darn convenient.

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Minimum $300...beautiful thing about them too is this.

When you pay your bill, you can only do it online and they deduct it from your checking account. It's all same day too...no fuss, no muss.

Just a little carification on this since I went through hell when it happened to me. If you use your NON BoA checking account to pay on the CC, it's ok and you will have no problems. If you have a NON BoA checking account and a BoA checking account, you can only pay your bill online with the BoA account, PERIOD. Reason being that they merge all your accounts that are BoA and this automatically disables any outside payments to the account. You can't request the accounts not be linked to keep the outside payment option from being disabled.

This created lots of problems for me and my card was even cancelled by them. Fortunately, there were notes placed in the system each and every time I called on this problem and they reinstated my account.

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