Jocelynn55

18 Contributions 61 People Helped Top Contributor

Member Since: July 2012

Most Helpful Contribution

How to increase credit score

Sep 06, 2012
Helpful to 33 out of 40 people

I have opened up a Capital One secured card, a Fingerhut account, and a secured personal loan since May 2012. I already have an auto loan that was opened last year. My payments are 100% on time. My score jumped 30 pts, then dropped 25 pts after all these creditors started reporting to the CRAs. Can I assume that after 6 months or so, that my credit score will start to increase again, as long as my payments are on time? My goal is to apply for a house in 2 years, when most of my collection accounts will have dropped off and my inquiries are gone.

Activity (18 Total Contributions)

Results 1-10 of 18Results per page: 5 | 10 | 25Page 1 of 2   Previous | Next

Why has my vantage score gone down when my credit score has gone up?

Nov 15, 2012
Helpful to 12 out of 12 people

"its hard to listen to people on here who cant type a sentence correct or even close enough to make sence. so im going to ask a expert about my problems"

LOL! This is the funniest comment I've seen on CK. :)

Target® Credit Card

Nov 08, 2012
APPROVED!
Helpful to 8 out of 8 people

Applied for a red card with a 583 CK score and was approved for $200. I have 2 unpaid public records, 10+ collections (5 which will fall off by summer 2013), and numerous recent inquiries. I don't mind the small CL because I don't usually spend more than that in a month. I'd rather shop at WalMart, but I can't get approved there. Started my rebuilding journey July 2012 and currently have an auto loan since March 2011, Capital One secured $300, SDFCU secured $500, and Citibank secured loan $500 - all with perfect payment history. I plan to pay this Target card in full every month to avoid the ridiculously high interest rate. But I love the 5% discount at the register! Will update if I have any complaints.

How to increase credit score

Sep 06, 2012
Helpful to 33 out of 40 people

I have opened up a Capital One secured card, a Fingerhut account, and a secured personal loan since May 2012. I already have an auto loan that was opened last year. My payments are 100% on time. My score jumped 30 pts, then dropped 25 pts after all these creditors started reporting to the CRAs. Can I assume that after 6 months or so, that my credit score will start to increase again, as long as my payments are on time? My goal is to apply for a house in 2 years, when most of my collection accounts will have dropped off and my inquiries are gone.

what the heck I can't even get approved for a secured credit card that is how bad my credit help

Nov 15, 2012
Helpful to 2 out of 2 people

State Department Federal Credit Union has a secured Visa without a credit check. It's a rewards card with 6.99% APR. I've posted a lot about this card because it's great, and I'm very happy with it. You can go to the SDFCU website and open a savings account. It'll say on the website how to become a member. Once you have at least $250 in the account, call their loan department and ask to open a secured card. If you apply online, they'll do a hard pull. And they report to all 3 CRAs as a secured credit card. I've only had mine a month, but so far, so good. Good luck...

Citibank®

Nov 05, 2012
No problems really
Helpful to 1 out of 1 people

I was referred to Citibank through a family member. I opened a 12-month CD along with a checking account because the rep recommended it so I could apply for a secured loan to help my credit. Citibank reports to all 3 credit bureaus as a secured loan. No problems so far... 

Best secured credit card

Nov 05, 2012
BTW...
Helpful to 1 out of 1 people

SDFCU reports to all 3 CRAs as a secured credit card...FYI 

Best secured credit card

Oct 26, 2012
UPDATE
Helpful to 1 out of 1 people

 I received my card in the mail yesterday. I updated my CK info, and it's already showing up as an open account. My score jumped 18 pts because my utilization went down to 31%. Another downside is that my length of credit history shortened. But that was expected. Has anyone else tried this card yet or already have experience with this credit union?

Capital One® Secured Mastercard®

Aug 09, 2012

I had a CK score of 566 in July. Got approved back in April for the Capital One secured mastercard with a $200 limit for $49. Used $190 because I needed to, but then paid it in full after reading and learning about credit card utilization and how it affects your score. So now I charge about $60-$70 a month and made a $100 deposit to raise my limit to $300.  My score jumped to 588 once this was reported to TransUnion. And yes, they do report monthly to all three credit bureaus (so far). I have a bunch of crap on my report - 2 unpaid judgments from 2010 and 8 unpaid collections (mostly medical, 5 of which will fall off my credit report next year).... The 22 point jump isn't bad for 3 weeks time, I guess. I'm happy with Capital One.

JCPenney® Credit Card

Nov 15, 2012
So far, so good...

I can't find my previous post. But I was approved last week for $150 with a CK score of 583. When I updated my CK yesterday, the account was already reported as opened.

JCPenney® Credit Card

Nov 10, 2012
Approved

CK score 583 and approved for $150 after being denied back in August. I think the difference was my utilization.

Results 1-10 of 18Results per page: 5 | 10 | 25Page 1 of 2   Previous | Next