Harry7900

2,246 Contributions 390 People Helped Top Contributor

Member Since: May 2016

Most Helpful Contribution

OpenSky® Secured Credit Visa® Card

Apr 12, 2019
A great card for rebuilding credit
Helpful to 102 out of 104 people

Whether your are starting out in life or, like me (rebuilding credit after bankruptcy) this card is actually pretty good. I sent a deposit and received a credit limit equal to my deposit. About six months in they increased my limit without an additional deposit. Using this card for daily needs (gas, groceries) and paying it in full every month increased my credit score substantially. When I got my score back to “prime” borrower status, I closed this card and got my security deposit back in about three weeks. The credit limit on the card was so low that closing it didn’t affect my credit score. This card does exactly what it’s intended to do - it helps you help yourself to a better credit score. I recommend it to anyone who needs help boosting their score.

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OpenSky® Secured Credit Visa® Card

Apr 12, 2019
A great card for rebuilding credit
Helpful to 102 out of 104 people

Whether your are starting out in life or, like me (rebuilding credit after bankruptcy) this card is actually pretty good. I sent a deposit and received a credit limit equal to my deposit. About six months in they increased my limit without an additional deposit. Using this card for daily needs (gas, groceries) and paying it in full every month increased my credit score substantially. When I got my score back to “prime” borrower status, I closed this card and got my security deposit back in about three weeks. The credit limit on the card was so low that closing it didn’t affect my credit score. This card does exactly what it’s intended to do - it helps you help yourself to a better credit score. I recommend it to anyone who needs help boosting their score.

Should I avoid the dealership financing agents every way possible?

Jan 29, 2019
Helpful to 43 out of 49 people

Your best bet would to have your own financing prearranged and in-hand before you go shopping. Get your bank or Credit Union to pre-approved you and you will not only get the better interest rate from a bank you know, your credit score won’t be put thru the ringer with a bunch of hard inquiries over one vehicle loan.

When will my bankruptcy come off of my credit report so my score can increase?

Dec 05, 2018
Helpful to 27 out of 30 people

Your bankruptcy does not have to come off your credit report for your score to increase! I’m 2 years out of bankruptcy and my score is already back up to 700. That’s not how it works - if it worked like that you’d be out of luck for 7 to 10 years!

Avant

Jan 08, 2019
Good for what it is
Helpful to 25 out of 28 people

Immediately after my bankruptcy discharge, I applied to Avant for a small loan for the sole purpose of rebuild my credit. Coupled with a secured credit card, my timely payments to my loan and my credit card made my score rebound back to close to 700 in just over a year. Again - the interest rate was very high, but I only borrowed a small amount and paid it off early. Use them to put yourself in a better place credit-wise and get them paid off quickly; if you use Avant for any other reason, or borrow anymore than about $1000 from them, at 35%+ interest you’ll spend the rest of your days trying to pay them off. Use Avant to get your credit score up, pay them off then put them in the rear-view forever.

someone added you as an authorized user for their JPMCB CARD credit card

May 26, 2019
Helpful to 11 out of 12 people

Chase is now JPMCB. I did not get any emails, but when I checked my credit reports two old and long-ago closed Chase accounts had been renamed. No big deal. This will only affect you if you have or had any accounts with Chase Bank.

Credit One Bank® Cash Back Rewards Credit Card

Apr 12, 2019
Use it to rebuild your credit then dump
Helpful to 19 out of 22 people

This card is ok I guess. This was the first unsecured I applied for and received after bankruptcy. Using it and paying it off every month improved my score dramatically. At a time when your options are limited it’s an ok card - but when you improve your score enough to get “prime” cards, get rid of this card! Some of the things I didn’t like is 1) getting through to a customer service rep you can actually understand is impossible; 2) when you make a payment online they take up to 6 days to credit the payment to your account - sets you up for a possible late hit; 3) if you want your payment applied in a more reasonable 3 days time you have to pay them 10 dollars for the privilige of an “express” payment; 4) they once sent out a mass text telling everyone their payments were late. This is 2018 - you really can’t do better? 5) when I tried to close the card they transferred me to a super-fast talking Indian guy I couldn’t understand, who basically talked over me and wouldn’t allow me to tell him to close the card - I called back the next day and the next guy, who was a little easier going, closed the account. If you need to improve your credit score and have a high tolerance for BS this card is for you - otherwise, take anpass.

Is bankruptcy Chapter 7 good for you Credit

Dec 05, 2018
Helpful to 8 out of 9 people

Chapter 7 is better for your credit than wallowing in debt you can’t pay back, while racking up 30/60/90 day lates month after month after month on your credit report. 

Debt consolidation is a rip-off. These plans are way more expensive than Chaptet 7, your creditors are NOT required to agree to any of it and can call the debt at ANY time, they can still sue you AND if your creditors do agree to a settlement, the amount they settle becomes taxable income for you.

Bankruptcy has NONE of that. Once you receive your discharge you’re done. No calls, no lawsuits, no taxable income on discharged debts.

File a bankruptcy case. The sooner the better.

Credit Repair Service or DYI

Jan 26, 2019
Helpful to 13 out of 16 people

Two things: 1) Credit “repair” companies can NOT do anything for you that you can’t do yourself for FREE. 2) Credit “repair” companies can NOT remove or get removed any derogatory information from your credit report that is ACCURATE. For that matter, neither can you. Nor can anyone else. If these accounts are ACCURATELY listed on your credit reports you are stuck with them until they age off. Save your money - don’t pay a Credit “repair” place to do something NOBODY can do - and don’t let anymore accounts get charged-off!

I'm about 6 months into paying for my car.How will refinancing or trading it in affect my credit?

Jan 27, 2019
Helpful to 6 out of 7 people

I refinanced my vehicle one month into my loan! I got 3% and 1 whole year knocked off the loan! Refinancing all by itself will have little impact on your credit - what helps your credit is making on-time payments to your new loan, every time. Over tume you will see the results is an ever-improving credit score - because credit scores are about responsible debt managament over time.

how do I establish credit or credit cards after a bankruptcy

Dec 10, 2018
Helpful to 6 out of 7 people

Get an OpenSky card and a credit builder loan from a local Credit Union. Use the card and pay it off on time each month. Use the money from the loan to pay back the loan. That’s what I did and one year out of bankruptcy my score was back in the mid-600s.

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