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Showing results for tags 'secured card'.
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SDFCU Secured credit limit
OnMyOwnMom posted a topic in Credit ForumQuestion for those of you with this card...what does your credit limit say when you log into your account online? Just your deposit amount or some crazy high limit? I think someone made a mistake! lol
Need Secured Card - low 500's & in Chex :-(
OnMyOwnMom posted a topic in Credit ForumHi, everyone. I have gone through the master secured cards thread here, and I am thinking that one or two of the three would be my best options. SDFCU (I am a member) Wells Fargo US Bank What I have questions about are: In the thread, it seems like it states that SDFCU is chex sensitive, but I am missing if that is for membership only or for secured app too...it looks like they don't check credit for secured card, but do they run you through chex again? I think I got into chex after I became a member with SDFCU. Am I safe applying for SDFCU Secured Card if I am in Chex but already a SDFCU member? Well Fargo - pulls Experian, but I couldn't see anywhere if it is Chex sensitive or not? And it MAY graduate someday? US Bank - same as Wells Fargo question about Chex? Pro - this one actually should graduate after 12 months....I am leaning in this direction if I can get in ***Capital One doesn't like me right now because of judgement I was never served for and am trying to get vacated, so they are not an option...I know we would all tend to suggest them ;-) Thanks in advance for your advice. I am trying to clean up my chex report, I just got it in the mail and it will take awhile. I would like to get a secured card on my reports asap in the meanwhile.
Question for everyone here - increasing scores
beratblakaj posted a topic in Credit ForumHey y'all, I've been reading for a while and I'm beginning my credit journey and I had a few questions. I have about 8 collections from about two years ago which I was going to do a pay for delete on many of them. Since they aren't that much. I have saved about a little under 6k with about 2800 in cc debt and was wondering what would be a better option. Pay down the CC debt and get a secured card for 3k from cap one or BOA or another provider. Or should I get a secured card at 5k? Which do you think would benefit me more. I had low utilization until I had two car accidents which made me need to pay my deductible. Any help would be great in my battle to increase my score. Current scores are all within the 580 range on all three cra, Don't have fico as of yet. Below you'll find my current limits and such. Card Type Limit Used unsec cap one 1300 1200 unsec citi best buy 550 340 unsec credit one 1075 1075 Macys Store Card 100 95
Limit to amount secured card will graduate?
Atl-Marcos posted a topic in Credit ForumI'm wondering if there is a limit to the amount I should put in a secured card that has the potential to graduate. I could put the maximum of $25k in, however I'm worried if I have too high of a limit whether that would stop it from graduating. In about a year's time I expect I'll have a credit score of 660-700. But this would be my only high limit card, as my other card would be a stupid Capital One of $300. I'm wondering if it makes more sense to keep my limit closer to $3-5k and hope that makes more sense for them to graduate. My reasoning is it's one thing to unsecure $3k and a totally different thing to unsecure $25k. It's with my local credit union, so not sure if it makes a difference how much money I have in different accounts. What is the most that people have seen graduate? I would guess they couldn't do a partial graduation, so they have to bite off the whole chunk or none of it.
Get two products at the same time?
nikkii posted a topic in Credit ForumI have decided its time to rebuild my personal credit after running from it for the last two years! I just opened a NFCU Secured Card for $600 last week. I would like to also open a Shares Secured Loan with $1000. I'm wondering if its a good idea to open two secured products in the same month or should i just be happy with one secured credit card. I understand that I need a revolving and installment loan on my credit report to raise my Fico score but I don't want to lower my score by opening two products from the same institution. Any advice would be much appreciated!