shandrewsca

Thank you! I went ahead and added her to the three oldest accounts I have that will report to all three. I put two of the cards in my safe, and I gave her one with the understanding that it is strictly for emergencies only, that I would monitor the credit card daily, and, no, Starbucks does not constitute an emergency

My daughter just started college, has a great part-time job at our local library, and turns 18 in November. I am seriously considering adding her as an AU to my Capital One, Chase, and BofA credit cards to give her a head start. I'm curious if anyone has added an AU to their account but NOT given them their credit card? That would eliminate the worry of having someone overspend, but would give them the credit history so they start off with good credit? Or does the AU have to use their card for it to reflect on their CRs? I'm not worried about her overspending, but I am curious TIA!

After some research, I read that a "consumer finance account" will usually have the words "Finance" or "Financial" in its title. I did a search on all three of my credit reports, and the only one that comes up is my Capital One Auto Finance, which closed in April 2010. Do you think that could be the "consumer finance account"?

Yes, it sure does! However, the two "factor" lowering my credit scores are: You recently opened a new credit account (my "newest" account is over 3 years old) You have a consumer finance account on your credit report (this is the first time I have seen this "factor" and I have no idea what account it could be)

I do not visit these forums often anymore, but everyone here was so supportive of me five years ago when I began my journey to clean up my credit. Last month my last "baddie" dropped off my reports (it was valid and would not budge). As you can see from my FICO scores in my signature line, I now have excellent credit. Thank you everyone *smoochies* ~ Shannon

I have been a good girl and hadn't applied for any new credit since I bought my home 1.5 years ago. I just went on a little app spree this past month and was successful in all! PSECU Combo PSL/Visa - $20K Chase Freedom - $4K Home Depot - $6K Target Red Card - $1K And got my Alliant Visa bumped up from $15K to $18K! Oh, and Lowe's automatically bumped me up from $7.5K to $8K without my asking. That was a nice surprise! Guess I should stop now, but all those approvals have put me in a bouyant mood

I called Merrick. They refused to stop the $3 monthly charge, saying every person with their credit card has to pay it, and they refused to do a credit line increase on request, saying they periodically review their client's credit limits. I went ahead and closed this account.

Thanks everyone, I will call them tomorrow and see if I can get the removed; otherwise, adios Merrick! I don't even have the cool Hooters card to embarrass cashiers anymore, so it's lost its charm for me anyway

I have been fortunate to have corrected my credit history enough that I have several high-limit credit cards now. If you look in my siggy, the very last entry is a Merrick card (formerly Hooters) at a measly $700 limit. At the time I app'd for this card, it was the perfect rebuilder for me at the time. However, I am paying $3 a month for this low-limit card that I never use. On one hand - why spend $3 a month on this card? On the other hand, I don't want to screw up my AAofA either. What do you all suggest I do?

For the first time ever, all three of my FICO scores are in the 700s! Wow, I am doing a little happy dance right now! Now, time to work on the 800 Club

Last November I applied for a mortgage, and I did not have a single CA come crawling out of their hole.

Well son of a . . . I called to cancel my USAA on Thursday and the rep never gave me the option for paying for daily pulls

It's not the size of the thread, but the content that matters

I called Lowe's yesterday and went through their automated system. I asked for a CLI from $2500 to $7500 and the system countered with $4000. I then spoke to a CSR who confirmed the $4000. I remembered this thread this morning and called back to speak to underwriting. The underwriter asked a few questions and put me on hold for a couple of minutes to review my Transunion file. He then came back on, asked a couple of verification questions, and then approved my CLI to $7500 I will let you know if it was a hard or soft inquiry on my TU report. I will try Walmart Discover next week after it is paid off.

Sears pulled TU last year for me when I tried for a CLI. They don't report to my TU, but they will pull it. A big catch-22 because they are my oldest account but since they don't report to TU my AAOA was low.