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Hi, I haven’t updated in a long time. So here is an update on how My Journey To Better Credit. I started in March 3rd, 2013 with the Capital One Secured Card. Best card to ever get if you want to fix your credit. Anyways, I had 11 bad marks on my credit, I am down to 4 now. Here is a list of the credit cards I have been able to get since rebuilding my credit:
Capital One Secured Visa: Started at $200 deposit, never increased my limit with depositing more. Since having the card they have raised my limit to $750. That is a $550 unsecured limit increase from them.
Credit One: I was approved for this card in October. $300 credit limit. Now it’s up to $1,000
Victoria Secret: I was approved in April 2014 for $300, now its up to $750
Wells Fargo Secured: $500 deposit, got my graduation letter in March saying it is graduating to a unsecured credit card this month and I will get my deposit back in May
Old Navy: $300
Amazon Store Card: $800
Kay Jewelers: $2000 when I applied now its up to $4,000
Capital One Platinum: I was approved for $300, now its up to $3,000
Capital One Quicksilver: I was approved for $300, now its up to $500
Paypal Credit: $2,550 now this card doesn’t report, which kinda sucks. But its really good because I max the card out without it affecting my score.
Plus I have a car loan from Ford Credit.
For the most part, I try to stay under 30% on each card. But I have used my cards and payed the minimum amount every month before my due date. Carrying a balance has helped out a lot.
According to credit karma my Transunion is 660 and my Equifax is 648. When I first started I couldn’t get into credit karma because I had a thin file. So I wanna say when I did that my scored was between 500-560.
Anyways, that is my update 🙂
Thought I would pop in here to update on how my credit journey has been going. Since having my card for almost 7 months I have to say, getting this card has been the best decision I have ever made in my life. For the first few months I was doing it all wrong. I would pay my balance off in full every month without carrying a balance, well after searching on the right way of doing it, I started only carrying up to $50 of my $200 credit limit as a balance, then I started using all of my credit limit. Still making on time minimum monthly payments. Last month me and my mom went to buy a car. I had $3,000 cash, I wanted to get a $4,000 used car so I will only have $1,000 and fees until it is paid off. Well the place was closed where I saw a car I wanted, so we went across the street to another car lot. They only had one car that was around my price, but my mom insisted on getting a newer car. The car I picked out was $15,000. EEEkkkkkk I will be paying for this car forever. Well they ran my moms credit and she was denied for the loan. They ran mine and I was approved for a $15,000 car loan. And it is all thanks to this card. Before this card I had no credit. This is the only credit card type I have besides having a bank account. Well 3 weeks after getting the car loan, I got a $100 unsecured credit increase from Capital One. I was in total shock. 2 weeks after that, I applied to Credit One Bank for a credit card and was approved for $300 unsecured credit card. I applied to this card before and was denied, even after credit karma kept telling me I would be approved, well I finally was. And it is all thanks to Capital One’s Secured visa 🙂
Are people not getting a increase because they had to make the full deposit of $200? I read a lot of reviews and noticed that if they had to make the full $200 deposit they never got an increase. I had to make the full $200 deposit. I don’t have a wells fargo secured card, just a checking account with them. I was thinking about maybe adding their card down the road, but not sure if I want 2 secured cards. Right now I just sell my handmade jewelry so that is the only job I have right now. Some weeks are really good, others not so good when it comes to money. My plan is to only use 30% of my limit, no matter what and always paying in full on time. I actually have to check and see how old these negatives are. I had 11 on my experian but got 3 deleted and 1 of them updated. So now I have 8 negatives. 6 of them is medical bills. 1 is from bank of america $800 & something. In 2008 I withdrawn a total of $100 and from all of the overdraft fees it climbed to over $800. and then the other is from a dvd club for $30. Which is really nothing. I am going to pay that very soon. Do you know if I contacted them if they would lower any of those? Also I am very new to the credit world. Now I seen my scores and reports from Experian, now if I had 11 negatives on them would I have negatives on the other 2 credit bureaus?