I need a Credit Card to boost credit...

Date: Wed, 07/08/2009 - 10:36

Submitted by mppsu2003
on Wed, 07/08/2009 - 10:36

Posts: 116 Credits: [Donate]

Total Replies: 4

I need to get a CC to boost my credit. I currently have no revolving accounts, which i know cripples my score. I have student loans that are all current, but they had past delinquicy (2005). They also have a I guess high balances compared to amount borrowed. I also have a few accts in collections, which are being paid and stem from either a PDL or one bank overdraft.

At last check my EQ score was around 637, I think the others were low 600s though time has passed since i last checked and i got one CA deleted since then, which I assume helps.

Is there anything out there I can do? I want to boost my score for a car loan or apartment down the road.

Get a secured CC thru BOA, Citi or your local credit union. W

Get a secured CC thru BOA, Citi or your local credit union.

With a 637 score, you should be able to get an apartment or even a car loan (if you never had one repo'd).

lrhall41

Submitted by desperatelyseekingsanity on Wed, 07/08/2009 - 10:38

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Thanks for the heads up...do you mean even with the negatives i

Thanks for the heads up...do you mean even with the negatives i have?

it denied me for
Collection Account
Lack of Revolving
Loan Ratio

lrhall41

Submitted by anonymous on Wed, 07/08/2009 - 11:55

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This MIGHT help.... If you have never had a MACY's card in th

This MIGHT help....

If you have never had a MACY's card in the past you defaulted on.... go to any Macy's store and apply. You will need a Major card to apply online/phone, but only a DL for an instore application if you dont have a major card. If you are accepted, you CL wont be much, and will only be good at Macys, but it would be a start and eventually might help you avoid the high fee subprime unsecured major cards out there AND eventually might lead to Macy's VISA card further down the road.

lrhall41

Submitted by anonymous on Wed, 07/08/2009 - 12:11

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I still recommend going with a secured cc thru your credit union

I still recommend going with a secured cc thru your credit union or BOA, etc...how it works is you put x amount of money into a savings account...your credit line is equal to your deposit. Interest rate is usually better than getting a store cc.

And yes, you can rent with a collection account...what they're looking for is usually an eviction or criminal activity. If you don't have any, then you should be fine. I know a woman who rented with a score in the low 400's (after a divorce).

lrhall41

Submitted by desperatelyseekingsanity on Thu, 07/09/2009 - 07:04

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