Great Question Repoman...My bad credit all started back in the middle of 2006 with many many charge off's and collection accounts totaling over $100,000 this included 3 repos and many credit cards and lines of credit. I got my first secured card in 2008 with Orchard for $200 and 2 cap one cards in 2010 and 2011 I got very very lucky as I was not sued so I don't have any judgments just 1 paid tax lien for 17k which was paid off in Feb 2013. I have had HUGE success with TU deleting all negative entries due to approching the 7-7.5 year mark most have been deleted 6 months early with a dispute as to old to be on file. TU is my strongest report and Barclays and GE have definitely help me really start to build my credit this year. I started 2013 with 42 negative entries and 3 open credit cards with a total of $1400 all of which was secured. I current have 5 negative accounts most of which are paid with the exception of 1 midland collection for $920. I have build the following this year.
1 Barclays Apple Finance 01/2013 $1700
2 Walmart 02/2013 for $600 CLI request to $1000 in April 2013
3 Amazon 02/2013 for $400 Auto CLI to $1200 in April 2013
4 Sams Club 02/2013 for $800 CLI request to $2000 in April 2013
5 Lowes 05/2012 for $1400
6 Paypal Mastercard 05/2013 for $2000
7 Dillards 05/2012 for $300
8 Firestone 04/2013 for $1000
9 Apple FCU 06/2013 for $2000
10 Los Angeles FCU 06/2013 $1000
Total Credit Lines added so far $13600 util is currently at 5%
I know Barclays doesn't like new accounts and if they decide to close my account next month when I hit 6 statements I'm ok with that.
Hope that answers your question.