Palmetto15

1 Contributions 43 People Helped

Member Since: December 2013

Most Helpful Contribution

Utilizing Credit Cards to Build Credit - WITH NUMBERS!

Jun 02, 2014
I followed this plan and it worked.
Helpful to 43 out of 48 people

I followed the advice of the original poster and it worked.  I had practically no credit history and a very low score.  I got a Capital One secured card with a $350 limit.  I used it for 6 months, staying in the 20-30% utilzation range each month.  The most important part of this plan is to make sure that you are carrying a balance at the time of your monthly statement.  Then, pay off the balance in full shortly after your statement becomes available.  Exactly 6 months later, Capital One offered me an unsecured card with a $3000 limit.  I am very pleased.  Thanks to the original poster for the good advice.

Activity (1 Total Contributions)

Utilizing Credit Cards to Build Credit - WITH NUMBERS!

Jun 02, 2014
I followed this plan and it worked.
Helpful to 43 out of 48 people

I followed the advice of the original poster and it worked.  I had practically no credit history and a very low score.  I got a Capital One secured card with a $350 limit.  I used it for 6 months, staying in the 20-30% utilzation range each month.  The most important part of this plan is to make sure that you are carrying a balance at the time of your monthly statement.  Then, pay off the balance in full shortly after your statement becomes available.  Exactly 6 months later, Capital One offered me an unsecured card with a $3000 limit.  I am very pleased.  Thanks to the original poster for the good advice.