24 Looking to build Credit... What are some good tips on your first Credit Card

[tomdiginson]

the 590 is currently. I was just seeing how fast I could boost it by Feb of next year. By simply settling those two accounts, and adding her on as an auth user on my accounts.

And unfortunately. Credit wasn't something talked about in my household even though my dad has had good credit his whole life. He never put me on game. I had to learn the hardway, but luckily it was when I was in college. Been good since then.

So, I mean, I'm not like one of those people that ask how much debt you have or your credit score before marrying.
I mean that is very important, but it just wasn't something I was concerned about.

Around the time we got married was around the time we talked more about finances..

And sure I can buy the house solo, I'm just organizing everything before the date get's closer.
Just wondering if her score could get in shape by that time.

Open accounts for Experian, TransUnion and Equifax and file letters of appeal for all of the late fees etc. They may remove them no questions ask, especially if she no longer has a balance for them. That should boost up her score.

 

[melo0115]

Yooo, thats some godly info.

 

[Grine]

I used to dispute my credit report once/twice a year, just in case the agencies had some sort of inaccuracies.

This was before I got my life together.

 

[ASE]

Let me rephrase.

If you don’t need her income to secure the loan, just do it solo.
Those late car payments aren’t going anywhere.

If there are ownership concerns, she can still be added to the title/deed.

 

[tomdiginson]

Yooo, thats some godly info.

I used to dispute my credit report once/twice a year, just in case the agencies had some sort of inaccuracies.

This was before I got my life together.

Yeah, I sign up to all three, pay the fee for a couple months and make certain my credit is A1. Then revert back to the free memberships.

 

[cs02132]

I have a $4000 purchase I’m paying down on one of my chase cards and saw that they have a discover it balance transfer card with the same cash back match as the regular one so I applied and got denied..I have no idea why, Don’t think I’ve ever been denied for a card before so I was surprised. I was looking forward to running up that cash back match again
Waiting for their reasoning letter to come in the mail

The balance on my chase card is a loan they offer through your credit card’s balance and I’m paying some interest on it so I’m trying to find a balance transfer card soon

 

[fluid hips]

I have a $4000 purchase I’m paying down on one of my chase cards and saw that they have a discover it balance transfer card with the same cash back match as the regular one so I applied and got denied..I have no idea why, Don’t think I’ve ever been denied for a card before so I was surprised. I was looking forward to running up that cash back match again
Waiting for their reasoning letter to come in the mail

The balance on my chase card is a loan they offer through your credit card’s balance and I’m paying some interest on it so I’m trying to find a balance transfer card soon

Probably your utilization. What's your limit on the card with 4K? 4K balance on say a 5-6K limit is a red flag to them

 

[cs02132]

On that card it’s 4000/7500 but I have like 12 cards and over 50k in total credit available
My utilization did go from 1% to around 12% tho

I also applied and got denied for 2 loans in January
And I did accidentally miss a payment by 1 day, the day before I applied for that balance transfer card

 

[freshpairs]

Didn’t you close a lot of cards also?

 

[cs02132]

I think within the past 2 years or so maybe 2 cards have closed for inactivity. Other than that, no

 

[mplsdunk]

1 day late won’t go on your credit report. I know that much.

 

[fluid hips]

On that card it’s 4000/7500 but I have like 12 cards and over 50k in total credit available
My utilization did go from 1% to around 12% tho

I also applied and got denied for 2 loans in January
And I did accidentally miss a payment by 1 day, the day before I applied for that balance transfer card

Yea 12% is high to the creditors. I believe 5% or less is preferred. I only apply for new credit when I'm at 3% or less and always get approved.

 

[Grine]

 

[アミーゴ]

Isn’t someone a partner at EY in here?

 

[marco23]

Got the wells fargo active cash card recently and been enjoying 2% back on all purchases and just cashed that $200 back you get if you spend $1000 within the first 3 months of having the card

 

[Grine]

I hate credit logics - paid my student loans off - my damn credit score dropped by 10 points. This is so stupid.

 

[fluid hips]

I hate credit logics - paid my student loans off - my damn credit score dropped by 10 points. This is so stupid.

Funny enough, they want to see you owing money as long as you are making payments on it. My score dropped when I paid off a car

 

[cs02132]

So I got a letter from discover and the reason I got denied was “the number of accounts with discover services”
I have 2 credit cards with them

 

[fluid hips]

Looks like Discover is rolling out this feature

 

[usabasketball08]

Someone was calling around to the different banks I have relationships with (like Chase) pretending to be me. This person even called my company’s corporate card customer service hotline. ****ing ridiculous.

 

[3900stabler]

Quick question, I recently received a pre-approval credit card offer from First Tech from $10k-$35k. I don't have any relationship with them.

In terms of obtaining the highest credit limit possible, would it be better if I consider obtaining a credit card at places I bank with? They can obviously see that I have assets. Does it not work that way? Yall let me know.

FYI my credit score is between 764 - 794 depending on which agency the creditor would use to pull my credit.

 

[sole searchin]

Quick question, I recently received a pre-approval credit card offer from First Tech from $10k-$35k. I don't have any relationship with them.

In terms of obtaining the highest credit limit possible, would it be better if I consider obtaining a credit card at places I bank with? They can obviously see that I have assets. Does it not work that way? Yall let me know.

FYI my credit score is between 764 - 794 depending on which agency the creditor would use to pull my credit.

Tbh id only open any new credit card if there are significant (100k+) points attached.

 

[3900stabler]

Tbh id only open any new credit card if there are significant (100k+) points attached.

The offer from First Tech was only for 20k in bonus points.

 

[fluid hips]

Yea. Only open a new line of credit if there is a good bonus. Churning 101

 

[marco23]

Someone was calling around to the different banks I have relationships with (like Chase) pretending to be me. This person even called my company’s corporate card customer service hotline. ****ing ridiculous.

That's wild man, did you put a freeze on your credit?