HIGH CLs HOW???? I have seen.....

Go to www.millcbs.com and find a creditor that pulls(shit I forgot, the one that has a 608 score for you EQF???) in your area. You aren't gonna start off high, it takes time, be patient it's worth the wait
KHM

 

yeah my gf has had credit for 1.5 years, she has $30K car installment and $20K prime card lines. Go figure.

its easy to build credit from nothing nowadays.

 

Being that I am a young person, 21, I can speak from experience on this one. I remember the days when I first started out with credit back in late 98 when I obtained my first credit card from Capital One. My very first credit limit was $500 on this card. But ever since day one of the credit game, I continued to pay my bills on time all of the time and make sure that I always paid in full on all accounts. Within a year, I started getting offers in the mail from PRIME lenders such as Citibank, American Express and Discover Platinum. For awhile, I just tossed the applications because I was happy with my Capital One card. But I realized that I could do better so I began applying for cards. I recieved cards from Citibank, American Express and Discover and now I can say I'm finished for life when it comes to applying for cards. I don't need anymore. I used to have a problem applying for cards and getting all of them. But I had to change that so I cancelled many cards that I didn't need. Basically, my lowest credit limit on my cards is $5000 and to tell you the truth, it's really not important because I charge nowhere near that amount on any card. I think the secret to getting those high limits is: Pay on time and have no negatives on your reports and have everything look clean. Hope this answers some of your questions.

 

Allen,with a fico score of 1457 that you posted you have,jeese I don't know where you can go from there.LOL.

 

Well, hopefully this won't sound too cynical but as near as I can tell the easiest way to get lots of credit is not to need it.

I mean, for example, if you have a lot of recent inquiries on your credit report, it looks like you need credit and therefore it's hard to get. If you don't, they clutter your mailbox with preapproved offers.

If you have most of your credit cards close to their limits, it looks like you need credit and therefore it's hard to get.

Just my observations.

Myschae

 

Alan, gave some pretty good advice. I'm young also, and have credit established for almost six years. My credit limits range between $5000-12500, with the three major credit cards that I have. My first credit card was a freshmen in college...a Discover with a $1200 limit. I then went out and applied for everything - Victoria's Secret, Helig Meyers, ANBCC, MBNA, etc. Half of the cards I didn't even use, I just wanted to have them. At twenty, I pulled my credit report for the first time and noticed all the accounts I had. I then turned around and cancelled everyone of them, except a Hechts from 97. The next card I applied for was an Amex Blue (when it first came out). Since then I have added a Discover Platinum and Juniper. I only apply for one card a year and I have always paid my bills on time. Today, it is very easy to go from "no credit" to "alot of credit". It is very hard to rebuild that credit once it is ruined though. It takes time and can't be done overnight. There are several people on here who have done it in 1.5-2 years, but I think there are very few who can accomplish that. It is not impossible, but difficult. The lesson is to pay your bills on time and use your creditors to your advantage. Build relationships with them. After 6 months to a year if not willing to lower your interest rate or give you a credit increase...move on. There are some good companies out there, the hard part is finding them. Good luck and be patient. It will happen.

Dani

 

Hi Sub4Prime,

I was just reading your post. Im pretty sure that they give credit to youngings because they think that we'll mess up and they'll make a profit off of us!

But then again I cant tell. Atleast thats what I think off. But I am going to continue to pay my cards ontime and my insurances ontime and my car note on time so help me god!

Because, if I mess my credit up now Ill be messed up for life. In my situation:

I got my 1st credit card when I was 18 from mbna (student card) for 1000, only 2 months later I got ATNT universal (student card)for 500. and 2 months later got MBNA gold option loan for 1000.00 (just the beginning of my troubles.) I had some lates, the mbna loan was charged off in 1998 but i settled on it. The CC was paid off and so was the Atnt Universal.

I was so pissed off at myself that i decided to take a year off from having credit. (i was also only working like 10 hrs a week!)

but today, at 22 (just turned dec 11!): I have established my credit and currently hold:

GMAC Car Loan 22000
Capital one gold 4100 limit
Providian Get Smart 1000 limit
Citibank Plat Select 5400 limit
Houshold Gold 1500 limit
GM card 1405 limit (was 1500 they decreased it 95.00 (??ok??) )
Discover (student card) 1000 limit
NY and Company charge 300 limit
A HOLE HELL OF A LOT OF STUDENT LOANS (dont even want to list all of them)

My limits arent high like some of the ones ive seen. But, for me its a good accomplishment in only 2.5-3 years.

I have had jobs where i was making a good amount of money. And, at one points or another ive even worked 40 hrs a week. (while still in college)

None of my current accounts have ever been late! and no, ive havent talked sexy to them (at least not all of them ....)

Well good luck on your journey, Im sure if you did a search on my user name you can read some of the things ive gone through in the past and understand my current victory!

PSUgirl

 

I forgot to add.

When you apply for credit, loans, ect...and you have the opportunity to actually talk with someone, ask questions and be confident in your credit history (even if its not that great).

Example,
when i applied for my auto loan (i was in the dealership for 5 hours....honestly). they pulled my experian (worst report). he asked me every question in the book. Luckally i was working full time at that time and I had settled my old mbna charge off. It took forever! but, i was confident and i just told him that I know that i made some mistakes when i first had credit, but...look at me now, ive done good. HE FLAT OUT TOLD ME, MAKE SURE YOU PAY THIS NOTE ON TIME EVERY MONTH....THIS IS THE TYPE OF LOAN THAT ONCE PAID OFF, YOU CAN GET A MORTGAGE DOWN THE ROAD WHEN YOUR READY!

another example,
when i got capital one, I talked with someone at exec office (an no i didnt talk sexy to them!) but, HE FLAT OUT TOLD ME THAT IT SEEMS LIKE FOR SOMEONE MY AGE I HAVE A GOOD GRASP ON WHAT CREDIT IS AND HOW TO USE IT (yeah right!), but he also told me to make sure that i pay on time all the time and down the road youll see great things when you need them.

last example,

when i got my household classic upgraded to gold, a person in hb's credit department FLAT OUT SAID THAT I HAVE A GOOD AMOUNT OF CREDIT, AND A GOOD MIX, LET MY CREDIT AGE AND KEEP EVERYTHING CURRENT, FOR SOMEONE YOUR AGE, IT LOOKS LIKE YOU KNOW WHAT YOUR DOING (yeah right!)

So, hopefully everything works out for you, good luck!

PSUgirl

 

Lizard King,

I think many people out there in the credit world would use your ideas regarding exaggerating ones income without giving any thought to it. I guess I was brought up to tell the truth and be honest in everything I do. I'm sure many others have been brought up that way as well. But, I have never considered boosting my income level on an application by such tremendous amounts to gain access to more credit. $130,000 is a great deal of income. Don't you think they would be kind of suspicious about you when they see that? Do you make anywhere near that amount? I believe I read somewhere on this board that if you stretch your income by that much, it could come back to bite you in the butt financially if you run into any problems down the road in life. I've heard of instances where people didn't have high incomes and they aquired cards that superceded their yearly income by vast amounts. It's all about how you play the credit game. So it is possible to obtain high limits the honest way. The bottom line is, we are all people with different ideas and opinions, so we are all going to do what we want to do in life, but to be on the safe side, I do know that telling the truth can never hurt you.

 

If you look at Lizrad King's previous posts (in other threads), $130,000 household income is not an lie.

My household income is also about $130k. The total of my credit lines (including Amex LOC and Generations that don't report) is almost 200k. I have never put more than $130k as income on an application.

It seems odd that you just assume that a high income is a fabrication.

 

Yes Lizard has posted his combined household income, no real fudging there.

Sub4 I suugest you take advice from reputable posters here and not pay much attention to miss not thing.

 

Technically speaking, you have committed fraud on your applications if you knowingly and grossly mistate your income.

Although I don't guess it is very likely, if they ever DID find out, they could take whatever action is allowed them as if you had breached the contract, including, but not limitted to, demanding your entire balance be paid in full, seeking and possibly getting protection from any effort to absolve the debt trough bankruptcy, etc.

xtn

 

Start with the Citi AA Silver. and read this thread all the way through: http://consumers.creditnet.com/stra...hreadid=16906&perpage=50&pgnum=1&pagenumber=1

Good Luck!

Report Back tomorrow about your new Platinum Card.

 

Sub4prime,

I forgot to also let you know that I had 2000.00 cash when i got my car loan!

psugirl

 

In response to:

and

The reason I posted about listing high income amounts is because of the way Lizard King stated it, it seems as if he is speaking to anyone in general even if they don't make $130K/yr. To illustrate, say someone makes $10K/yr and they put down 130K/yr on an application. That is what I am referring to. If you make large amounts of money per year, then no doubt put that on the app. but misrepresenting yourself is a cause for questioning. "The Other", I do not feel it is odd to for a high income to be a fabrication because I do know that there are jobs out there that pay that salary, so there's nothing odd about that. All I am saying is, if you put down a certain amount of income, then you should at least be prepared to back that statement up. Sub4prime, this has been a very enlightening thread and I'm with you all the way in your quest to MASTER the credit game. Afterall, we are all in this together.

P.S. I'm not trying to cause hostility to rise up in this thread, I'm just sharing my views.