Searching for Credit Card to Help Rebuild my Credit

Guest: creditbuilder
Post subject: Searching for Credit Card to Help Rebuild my Credit
Posted: Sat Apr 08, 2006 5:11 pm

It seems you are following the same pattern that got you in this predicament in the first place. When you find yourself in a hole, STOP DIGGING! You don't need furniture until you can pay cash for it. I assume you're going to be renting. If that's the case you are going to want a mortgage before much longer, all those new cards are going to kill your score. Even when you get the cash you don't need to fill your house with nice furniture. Buy some cheap used stuff, just enough to get by. A table, a bed, a dresser. My sister did without a couch for three years when she was getting started. You have other things you need to take care of first. You need an emergency fund, pay off your car, save for a down payment on a house, put away for retirement. Luxuries can wait until you've taken care of all those other things, otherwise you'll end up getting in trouble again and you'll lose all those luxuries.

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Guest: shortstop7
Posted: Sat Apr 08, 2006 5:11 pm

Tom, you have a point, however, i ran up my credit when i was in college at 17. My last late/derog was before i turned 18.

I have a well paying job now, and can afford to pay for my things. I just cant get it all at once, because i just bought a car and put down a substantial DP, insurance plus 2 months security deposit on an apartment.

If i didnt think i could afford the payments, i wouldnt be chasing them. I am very fiscally responsible.


Thanks fitz, i'll check out the Merrick card.

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Guest: TomfromCT
Credit Expert (100+ Posts)
Posted: Sat Apr 08, 2006 5:22 pm

OK shorty you know your situation best....


But those cards are going to charge you crazy interest. It still seems like buying all those things at once will be like running up your cards again. You may be able to pay them off...but not without paying some nasty rates and...well...that isnt all that fiscally responsible. But if your making seriously bookoo dollars.... i guess your fine.

I;m not looking to argue with you. I just want ya to be a credit star after all that trouble like me and together we can RULE THE WORLD !!
_________________
Average FICO score: 709
Average FAKO score: 703

56 Months of perfection

WOOOHOOOOOO !!!!!!!!!!!!

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Guest: shortstop7
Posted: Sat Apr 08, 2006 5:31 pm

thanks Tom!
now, can u point me in the direction of a card that can give me a good limit, so i dont have 5 more inquiries like fitz said.

thanks =)

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Guest: fitz75
Posted: Sat Apr 08, 2006 6:00 pm

I picked up my Amex cards with credit scores of 640ish. I am in Sc and they pulled equifax crs.

Hooter's Card (merrick bank) pulled TU I believe.

You may check out Cap One they gave me a plat MC with a 3500 limit 13.9% rate, one of my better rates. Though they pull all 3

Washington Mutual gave me a Visa at 9.9% but the limit is only 1k.

I got all of those about the same time with my scores around 640ish

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