New To Board

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Replied by Joeyman on topic Re: New To Board

Nice posting Joeyman!



Thanks Meya, and as always nice post to you! Hehe. :fun:
8 years 7 months ago #1

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Replied by Meya on topic Re: New To Board

Nice posting Joeyman! I am just adding assistance to nolabama comments. You made the best decision of your life, admitting and accepting that credit was not destroyed over night and will not be repaired overnight. When you received your denial letters, now is the time to halt any new applications and work on your repairs. I know the feeling of desperate approvals especially when you have no new accounts at all. There are some here that worked on repairs first and then new accounts later on, there are others who worked on new accounts and repaired later (or altogether). Orchard is the best card to start off with and I recommend that you stay focus on making on time payments with them for at least 6 months to 1yr before applying for another credit card since you do have a negative rating from a major banking institution.

I am not for sure if you are aware of how some banks measure your student loan as current available debt ratio. Oh yes, mines is weighed against my credit report as over $100k in current debt even though it is in a deferment status. When we apply for accounts online, the computer generates an approval/denial status and some credit specialist just go with the flow. This is why we call in and ask for an account specialist because that is when your status is manually inspected. Usually they will balance your overall credit report by over looking student loans, which can play a major factor in your debt-to-income ratio, and balance your personal overall debt-to-income ratio. Some get approved, some don't, but it is worth a try. Hope this helps!:embarrassed:
8 years 7 months ago #2

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Replied by Wanderer on topic Re: New To Board

To all new members, we'd like to encourage you to submit [URL="http://www.financeglobe.com/Finance/credit-card-reviews.shtml"

credit card reviews[/URL] of all your current cards.

Some tips on making a review]

Thanks Joeyman! Well said.
8 years 7 months ago #3

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Replied by Joeyman on topic Re: New To Board

To all new members, we'd like to encourage you to submit credit card reviews of all your current cards.

Some tips on making a review:
• Include your approx. FICO score at the time of approval
• Your length of credit history, past judgements, and other credit cards
• Your overall satisfaction with the particular card and wether or not you suggest it
• Your approved credit limit
• Other, anything else you feel is necessary


Thanks, we would certainly appreciate this!
8 years 7 months ago #4

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Replied by Fox on topic Re: New To Board

Thanks porgy1000! I hope I can learn from you all and share new information as well. I striving for your scores!!!

Trying to help you. :white-flag: :worried:
8 years 7 months ago #5

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Replied by Jacob3d on topic Re: New To Board

Hey everyone! Just found the site as well, thanks in advance for all of the help. :cheesing:
8 years 7 months ago #6

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Replied by Joeyman on topic Re: New To Board

Hello every and happy newyear. I just located this website and hope that i could share my credit information and well as gain knowledge how to retain outstanding credit


Welcome to the board Cholland ^_^
8 years 7 months ago #7

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Replied by cholland on topic Re: New To Board

Hello every and happy newyear. I just located this website and hope that i could share my credit information and well as gain knowledge how to retain outstanding credit.:cheesing:
8 years 7 months ago #8

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Replied by Joeyman on topic Re: Hello Friends

I am new to this forum & found it knowledgeable & helpful.


Welcome to Finance Globe. If you have any questions feel free to post them, contact us, or share your knowledge in these same techniques. :cheesing:
8 years 8 months ago #9

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Replied by CarolSmith on topic Hello Friends

I am new to this forum & found it knowledgeable & helpful.
8 years 9 months ago #10

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Replied by nolabama on topic Re: New To Board

got letter back from ge cap - chevron texaco card - again no luck DENIED

well anyways Orchard said the card is in the mail so we will see... I and working with a credit lady that helped a friend of mine (she seems shady) waiting to see what happens next

I must settle with various tax agencies first before I can start taking care of the negatives that I still owe on the credit reports.

:embarrassed:


I have to remind myself I did not screw this up overnight and I cannot fix it overnight either.
8 years 9 months ago #11

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Replied by Joeyman on topic Re: New To Board

I understand inquiries hurt. I also know that if they do not inquire I cant get a card. I have looked up my scores and TU is 558 Equifax is 587

Experian's web site sent up beaxcoup red flags by WOT so I dont know what to do about that. I have a report from experian but no number.

I have a student loan that I pay on time, a GMAC charge off (2004) valued at 30k

I have several negative reports from bill collector types and lastly I have no,zero, zip revolving credit.

Oh and Some of the negatives are bank related - mostly a charge off by bank of america and a collections from capitol one.

Did I mention the IRS wants a peice of my a$$ also.....

anyway's ... I hope to find some useful info here - the board does seem like most of america's big shopping malls - vacant...what gives? everybody got good credit and quite hanging here


If there's anything I can do let me know, some of those numbers seem stressful. Good luck! :)
8 years 9 months ago #12

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Replied by nolabama on topic Re: New To Board

I understand inquiries hurt. I also know that if they do not inquire I cant get a card. I have looked up my scores and TU is 558 Equifax is 587

Experian's web site sent up beaxcoup red flags by WOT so I dont know what to do about that. I have a report from experian but no number.

I have a student loan that I pay on time, a GMAC charge off (2004) valued at 30k

I have several negative reports from bill collector types and lastly I have no,zero, zip revolving credit.

Oh and Some of the negatives are bank related - mostly a charge off by bank of america and a collections from capitol one.

Did I mention the IRS wants a peice of my a$$ also.....

anyway's ... I hope to find some useful info here - the board does seem like most of america's big shopping malls - vacant...what gives? everybody got good credit and quite hanging here?:dumbfounded:
8 years 9 months ago #13

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Replied by Joeyman on topic Re: New To Board

Hello everyone -



Welcome to Finance Globe! :cool:


Remember, inquiries for new credit applications will hurt your credit score.
8 years 9 months ago #14

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Replied by smcc on topic Re: New To Board

As you continue to gain information that will be beneficial to you notabama, you will realize that any contribution big or small counts in everyone's ability to manage their financial obligations.

Everyone here is great and they will help you with any questions or opinions you would like to share. Take / give information. we are all here for the same goal !

Welcome aboard !
8 years 9 months ago #15

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