Everyone, I would like to know if there are any cards "department soters, gas statios" that will aprove me with a 628 tu sore. I want to start rebuilding credit, I will have my wife add me as a user on her 2 credit cards so that i can rebuil credit. Untill recently I had not bothered with my credit and it has been almost 7 years since I applied for any type of credit. I ruined my credit at age 25 and learned to live withiut it. I have derogatives on my accounts that i am working on removing. The score is the actual scored pulled out of myfico.com site. My next highest is experian with 601 and the equifax in the dumpster 577. I go letters already from ca's telling me they will remove the stuff of my credit however i am like a kid with a new toy and am anxious to restore my credit and hoping to purchase a house next year about this time. Any suggestions? I already go the list of the creditors that will only pull transunion. I guess we need to compile a list on what typoe of scores they more or less require. Thanks for help in advanced.
fxs158, I wouldn't worry about what department stores or gas stations would possibly approve you with those scores. I would just try to get a subprime visa/mc account or two right away for some positive credit history. As you already know a gas card or a department store card is issued by a bank anyways. New positive account history will actually drive your scores faster than your old negative accounts. When your negative accounts go away your length of credit history with accounts will go away also. If you are worried about being turned down until your score is higher or your negative account history starts going away maybe a secured credit card would be an option right now. If you don't have a past BK you can get a decent secured card with a low limit with a top 10 issuer. B of A, or Wells Fargo might be good choices. American Pacific Bank is also a great secured credit card but the annual fee is $35. When you were younger it was a little easier to get gas or department store cards compared to Visa/Mc. Things are a little different now as you probably already know. I would get 2 cards right now and get your credit scores rolling with positive accounts. The negative accounts can always be dealt with but the positives have to be dealt with ASAP, to get your scores up soon. Good luck!
