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californiadreamin

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Everything posted by californiadreamin

  1. Appreciate the insight. Lesson learned. Thank you!
  2. I am not sure if this is even possible to do, but can I cancel a credit card that I was approved for online so it won’t show up on my credit reports? I am in the process of rebuilding my credit. I filed for Chapter 7 BK last October and it was discharged in February, 2019. Obviously I had to include all of my creditors, so i figured I will be on the blacklist for every issuer out there that had a balance when I filed - Amex, BofA, Barclay, BBVA, Capital 1, Chase, Citi, Comenity, Discover, FNBO, NFCU, Synchrony, USAA and Wells Fargo. As for the other cards that had no balance, all of there were closed, except for my Firestone account that was opened in 2014 with a credit limit of $2,200. In February, After my discharge, I got a share secured loan through SDFCU ($500.00 loan amount - paid off now) and a Secured Credit Card with $1,000.00 (utilization is around 18% at last reporting - I try to keep it under 20% max). I also got a “Quick Loan” for $1,000.00 though DCU (paid off). At that time, I applied for both Cap1 Secured and Discover Secured and was denied for both. In July, Credit Karma recommended I apply for the Target card and I was approved for a $500.00 limit. I’ve used it and paid off each month, except on month that reported a balance of less that 20% utilization. I received an Auto CLI in October to $700.00. I also took out another “Quick Loan” in July though DCU for $1,000.00 that is paid off. I also got an Affirm 6 month financing deal through Walmart for an Apple Watch. It’s also paid off (was trying to get a positive trade line reporting. So as of today I have the following revolving accounts: Firestone (I used it for an oil change and paid off next month): $2,200.00 limit. SDFCU Secured: $1,000.00 Target: $700.00 This morning I decided to unfreeze my reports to check the preapproval links for the major credit cards. None of them said I was pre approved except for Discover. I applied and got the 5-7 day message and was instructed to call in. I did that and the representative said they had all the info they needed and that I would get something in the mail (another denial it appeared). I checked Carvana to see what rates I would qualify for if I decide to buy a car and it came back with a rate range of 3.9% - 8.6% with zero down. After my BK discharge it quoted me something like 16.9% with $200.00 down. That was positive. I also did the Creditcards.com preapproval and it gave me Indigo and Milestone. Indigo had an annual fee between “0” to “$99.00” per year. The Milestone was $35.00 a year. So I went forward with Indigo and it approved me with a “0” annual fee and a credit limit of $300.00. I then read that it was one of the accounts that CB listed as an account to NEVER get. Hindsight, right? I’m sure you know where I’m going with this. I didn’t realize this card was so bad and do not want it. The limit is lower than what Target started me at. This evening I decided to follow up on Discover on their application status and I was approved with a 12k limit. I was shocked as I was expecting a denial or possibly a counter for their secured card. They were also included in my BK as well. I’m not complained, just utterly shocked. They pulled Experian and my FICO 8 per USAA is 664. So is there anything I can do to refuse the Indigo card or am I stuck? The BK on my credit report is bad enough, but to have this card start reporting after reading about how awful it is seems like it would hurt me instead of help me. i know that this is First World Problem and I’m probably freaking out more than I should be, but I really want to start fresh after my BK.
  3. Hello, My BK was discharged in February, 2019. That same month I opened up a share secured loan and secured credit card from my credit union. In addition, I was also approved for a 1k loan through my credit union. I included my old vehicle in my BK as a drive through (drive and pay) and it is showing as a derogatory account with a zero balance. The car was subsequently bought back as a lemon law buyback and the loan was paid off (was financed through Chase). My fico scores (provided free to me through my various financial institutions are: Equifax 611 (DCU - Unsure which Fico scoring model) Equifax 671 (Penfed - Fico 9) Transunion 702 (SDFCU - Maybe be FAKO as this is same as Credit Karma) I attempted to get a pre-approval through Carvana and they use Experian soft pull and they gave me an interest rate of 14.02%. I attempted to use the Capital One pre-qualifier and they did not approve me (I included Cap 1 CC's during BK). I have the 3 paid and closed auto loans reporting - Ford Motor Credit (2 year lease - perfect payment history) Chrysler Captial (1 month - refinanced) Penfed CU ( 16 months - perfect payment history - sold to a family member for their child to take to college) There is also the Chase Auto account that is showing as closed/derogatory with a zero balance from the BK. I guess my question is how soon will I be able to be approved for a decent interest rate (under 5%)? Does Cap1 Auto normally blacklist if they took a loss on credit cards? Do you think I have any chance with Chase since they were paid off in full? What about with AHF or Toyota Motors Finance? I am interested in either a 2020 Outback Touring (Chase) purchase, CRV (American Honda Finance) lease or RAV4 (Toyota Motors Finance) lease. Thank you in advance for all of your of your help and advice.
  4. Can you give some insight into how you were able to place a security freeze? I have been searching their website and could not figure it out. I also called the number and there was no option for it. Thank you.
  5. Ding - I got assistance on this board regarding an attorney w I had the same thing happen to me regarding Dynamic Recovery. There is a law firm that I was referred to from another member of this board who agreed to help me. They took on my case and a few months later we reached a settlement. PM me if you are interested in their info. BTW, there was no cost to me..they likely negotiated their fees in the settlement offer.
  6. I logged into MPM this morning and noticed my Equifax score dropped 40+ points. I also noticed that my inquires now date back two years to 2013. As of yesterday they only went back to 2014. Did anyone else have this happen to them overnight?
  7. I logged into MPM this morning and noticed my Equifax score dropped 40+ points. I also noticed that my inquires now date back two years to 2013. As of yesterday they only went back to 2014. Did anyone else have this happen to them overnight?
  8. I truly appreciate the advice. It's only $500.00 and I am currently not needed the cash, so I will work on getting more prime cards. Since my other limits are all between 1,000 - 2,000, do you think that the 500.00 limit would hurt my chances in getting higher limits or is it a moot point since my largest limit is $2,000?
  9. I have a BofA Visa, Barclays MC, Capital One Quicksilver One MC and a Discover IT. I also have a couple of store cards as well.
  10. I got a SDFCU secured card at the end of June 2013. Fast forward to now and I called in to see about getting it unsecured. The told me that I had to apply for a regular credit card in order to keep the reporting history. Then they denied me!!!. Since 2013, I have obtained Prime cards, a car lease and a home loan. I am going to close the account and leave their CU, but I wanted to get some advice as to when I should close the card for maximum FICO effect. I read on this board that 2 years is good, but does it matter if I close it on June 11, 2015 and I opened it on June 23, 2013? I really appreciate all of the help that this board has given me to rebuild my credit...it's been a rocky road, but I made it!
  11. I was approved for the Barnes & Noble Mastercard in 2014 after having multiple Barclay charge-off's in 2008. Maybe it's a 6 year blacklist? I haven't app'd for another of their products since.
  12. Thanks for the info everyone. I will keep the account open until June at least since I don't need the money at the moment. I am so glad to be on to bigger and better, but SDFCU was truly a help to my credit back when I could only get Capital One Secured, so I guess I can't be overly upset with them.
  13. Hi all! I have a quick question. I've been rebuilding and working towards getting my credit report as clean as can be. I have a question about when to close a secured credit card? I had a Capital One (opened 11/12, closed 12/14) and SDFCU (opened 06/13) Secured Card. I've already been approved for prime unsecured CC's with larger limits than my SDFCU card. I read on this board before that you should leave a card open for at least 24 months to get the maximum FICO score effect. Well, I applied for an SDFCU unsecured card hoping they would keep the reporting history of the original account, but no dice. It's only a 500.00 deposit and I don't necessarily need it to be liquid at the moment, but getting turned down by them when my payment history with them has been excellent (as with all my other cards and loans in the rebuilding process) makes me want to give them the bird and close the account and end my relationship with them. So, I guess I am asking the credit gurus here if closing a secured CC at 18 months versus 24 would have a negative impact on my credit rating. My AAOA is 8 years. My FICO scores range between 620 - 680 at the moment (due some 2012 student loan lates that should have been deferred and ACS won't budge on the reporting of these) and I currently have 21% utilization. Thanks for all your help over the years; it's really helped me a lot.
  14. I just got through the process with an amazing rep after getting the 400/deposit pop up when I did it online. If anyone is interested in dealing with this rep personally, PM me. The rep T-mobile assigned me through their online app was worthless (wouldn't even call me back after numerous messages). I did their test drive last month and the service here is awesome. I got approved for 5 lines with Sprint with my EIN number, but I couldn't get data coverage here, so I had to find other options. T-Mobile pays ETF fees and is offering me over 100 more for my iphone 5 trade in than Gazelle offered.
  15. If you shop there often and pay off each month, I don't see why not. I had a few Cap 1 charges off's and now have their secured (up to 1500 now), QS 1 Credit Steps up to 750 and Kohls (opened in January with a 300 CL and increased by calling after the 6 month mark to 700). Just my 2 cents, but I shop there enough that I was worth the hit.

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