I had a Chapter 7 bankruptcy discharged in early January, then, I applied for a credit card, in order to obtain a free credit report. I was denied for the card. I had a $5000 outstanding student loan debt, and I've just finished paying the final $500. So now I am virtually 100% debt free. I only have savings of $2000, and earn $3500/month before taxes. My rent and expenses are roughly $1200, and I can save at least $1000 per month, which I am now doing. My most recent credit report, 2.16.09, indicated my credit score as 634. I've been offered secure pre-approved credit cards that have fees of roughly $200 per year, and I'm not interested in any of those. What I am interested in is a credit card with no annual fee. If I have to wait a few years, that's fine, as I don't want to use credit cards anymore. My sole interest is to use credit cards in order to raise my credit score, and I'll pay off the balance every month. Someone on another site suggested opening a mailbox at Mailboxes etcetera, changing my address, and trying to dispute the bankruptcy items off my credit report. What do you think? Thanks. Luckyword
Well you can't change your ss# and whoever told you that gave you bad advice,what you have to do is to dispute any wrong info in your bk.Check with apex on this site about a piggyback on a credit card were you just use their history.With a 634 score your not in as bad as shape as you think.
He said change address, not SSN. You can try that, but why? As jj said, you can dispute wrong information and maybe get tradelines removed. On the other hand, you may need the history. Piggybacking is an option. You don't get the card, just the advantage of the tradeline. You may have to start with a secured card. There are some with minimal fees. Get one of those and use it responsibly. Try to get one that doesn't report as secured. You'll pay a deposit equal to the credit line you get, but that goes into a savings account, and you get it back (usually with interest) when you later close the card.
Piggybacking They were saying to change my address in order to then dispute items and have items removed. But I do want to keep it simple, so I'll not likely go that route, and instead open an account with my credit union, then try to get a secured card. But...what is piggybacking?
Piggybacking is when your put on a credit card with a good credit history even thou you don't get a card,just the history.Like your mom or dad or another relative.
