Rebuilding Credit- NEED HELP

[Tynece]

My best friends is building his credit and just got approved for this card http://www.cardlabconnect.com/Affini...ourcommu nity

[Wanderer]

Joeyman - what you said is correct in the perfect world. For myself I have had Bank of America, Wells Fargo Bank and HSBC all pulled "hard inquirys" and then deny the credit line increase. Like you said, you never know. Frustrating.

[Joeyman]

Joeyman - what you said is correct in the perfect world. For myself I have had Bank of America, Wells Fargo Bank and HSBC all pulled "hard inquirys" and then deny the credit line increase. Like you said, you never know. Frustrating.

With Elan Financial Services, if you ask for an increase over the phone with the automated system, you'll get a hard pull. Rather, submit the form online and wait a few days with no inquire. It doesn't make sense. What about all the illiterate people out there? I feel terrible for them.

[Wanderer]

joeyman - I submitted through my bank for an Elan Credit Card and got denied. Reason was too many inquirys, too much available credit and...? Can't remember. It is correct but since it was a paper application through my local bank it seemed I might have a better chance. Wrong! You make a good point, a telephone call gets a hard inquiry but a paper app doesn't?

[Joeyman]

joeyman - I submitted through my bank for an Elan Credit Card and got denied. Reason was too many inquirys, too much available credit and...? Can't remember. It is correct but since it was a paper application through my local bank it seemed I might have a better chance. Wrong! You make a good point, a telephone call gets a hard inquiry but a paper app doesn't?

Elan sucks anyway! LOL, you're better off trust me.

[belle]

I would have thought that they'd be more lenient with a phone call application than a paper application.

[julienne]

Opening numerous accounts at once will lower your score because of the "hard hits" to your account.

I'm a current BOA customer and once you prove to them that your responsible with your secured card, they will offer a unsecured Visa and then the sky's the limit as far as Credit Line Increases!

Thanks for the insights smcc. :)

[uzipolo]

Hi everyone. I'm new here and needing some help. I am trying to rebuild my credit, but haven't had any luck. Right not I have a Orchard Bank MC and a BoA Secured Visa. I have had the Orchard Mc since 2006 and pay the bill in full every month. I just receive the BoA Visa. I did have a First Premier Visa and MC, but closed both out because of the crazy fees. Credit scores went up when I closed both out.

My problem is that I would like to continue to build my credit, but keep getting denied. I applied for a Target Red Card (had one 5 years ago, closed out, always paid on time) and was denied. I also applied for a Exxon gas card, but have not received an reply.

My scores as of date are:
EQ- 554
EX- 579
TU- ?

I would like to get at lease one more Visa or MC and a retail store card. Would love to have a Macy's, but still owe on credit report.

What cards do you guys think I could qualify for? The information would be a great help. Orchard just increase my limit to $500 and BoA limit is $300.

Thanks in advance for your help.

• You deposit a minimum of $300 into a Public Savings Bank FDIC insured deposit account.
• You can then make purchases with your card up to the amount you have in your security deposit account.
• You must pay at least the minimum payment before the due date each month. Your security deposit does not cover minimum payments.
• Your payments are reported to all major credit bureaus so you can begin to establish your credit immediately.

VALUE AND PRICING *

• Qualify with a deposit as little as $300!
• No Annual fees! Just a $75 one time application fee.
• 0% APR on all purchases for the first 6 months, then a variable rate at Prime plus 7.99% - currently 11.24% APR.
• 25 day grace period. If you pay your balance in full, there will be no interest charges.

• You deposit a minimum of $300 into a Public Savings Bank FDIC insured deposit account.
• You can then make purchases with your card up to the amount you have in your security deposit account.
• You must pay at least the minimum payment before the due date each month. Your security deposit does not cover minimum payments.
• Your payments are reported to all major credit bureaus so you can begin to establish your credit immediately.

VALUE AND PRICING *

• Qualify with a deposit as little as $300!
• No Annual fees! Just a $75 one time application fee.
• 0% APR on all purchases for the first 6 months, then a variable rate at Prime plus 7.99% - currently 11.24% APR.
• 25 day grace period. If you pay your balance in full, there will be no interest charges.

the first plan for action is to sign up at credit karma.com and get a free credit score from trans union as i see that you dont know that particiular score
next get a public bank visa secured card RIGHT NOW!!!

• You deposit a minimum of $300 into a Public Savings Bank FDIC insured deposit account.
• You can then make purchases with your card up to the amount you have in your security deposit account.
• You must pay at least the minimum payment before the due date each month. Your security deposit does not cover minimum payments.
• Your payments are reported to all major credit bureaus so you can begin to establish your credit immediately.

VALUE AND PRICING *

• Qualify with a deposit as little as $300!
• No Annual fees! Just a $75 one time application fee.
• 0% APR on all purchases for the first 6 months, then a variable rate at Prime plus 7.99% - currently 11.24% APR.
• 25 day grace period. If you pay your balance in full, there will be no interest charges.