Just got a Household card w/$5k CL. I may be wrong considering it a subprime, but if it is, I am amazed at how much my CLs are with such crap cards. 01,900 - Cap1 05,250 - Aspire 05,000 - Household 10,000 - Direct Merchants -------- 22,150 I don't have much confidence in DMB or Aspire being in business in the near future, and since I had my NextCard go up in flames, I decided to get the Household card I was offered. Yes, I actually kept a NextCard, Aspire and DMB after my BK - am I not the King of Subprime? Or does someone have more subprime CL?
$14,750 here. Can someone please post higher subprime than mine. I don't want to be known as the QUEEN of subprime.
So many punchlines, so little time... How about if you're the Prince of Subprime? Is that a better title? Actually, I hope anyone can post and pronounce me the Prince. Or even Queen!
I think I might be the QUEEN of BK FICO scores also. I would bet someone has us beat with Cap One with out BK. How about subprime with BK? Anyone?
I had you beat at one time a couple months back. DMB $9500 Cap 1 $4700 Cap 1 $300 Providian $1200 Providian $1000 --------------------- $16700 As of about 2 weeks ago...not ANY of those cards are open any more.
CAN SOMEONE lead me where to go for any type of credit card that would help me rebuild credit. Whta are these sub-prime cards, i assume just below prime interest rates? I don't knwo where to start to rebuild credit? ANnual fees?
Sub prime is not a great place to be. The players in the subprime market offset their higher risk against substantial fees and interest rates. If you can't get cards from the prime banks - Chase, Amex, BofA, Citi, Wells Fargo, etc. then you've got to go somewhere to build up your credit. Orchard, Capital One seem to be the easiest cards to get but be warned - they'll never "turn into" prime cards, you'll have small credit limits and lousy service. Just use the cards to build up your scores and get better cards. The joke here is that I have not been able to get a prime card since my bankruptcy (BK), so I've built up substantial limits for subprime cards. I'm trying to find out if anyone has got this much subprime credit. I look forward to dropping these cards someday, but for now, it's all I've got to work with.
Dan S. thank you so much for responding. I am in the total freaking out stage as I just received my scores and am so motivated to get them higher and have $$ to do so just dont' know how. What did you do, I see your scores are about mine and you raised them so much so fast. I have delinquent cards that I settled for less than balance so balance shows $0.00. WHat do I do next. How do I know if these accoutns are closed. Do you recommend getting a "sub-prime" card and paying it off everymonth or leaving alittle balance? what else can I do to build my credit. I didn't file chapter 7, I did a debt elimintaion program. My debt is gone but how do I start gettin git to not haunt me for 7 years!!! thank you erin
This reply is directed at Erin. Erin, join Digital Federal Credit Union. Their URL is http://www.dcu.org. You first need to join the charity organization American Association of People With Disabilities (http://www.aapd-dc.org) and through that membership, claim membership in DCU. Go to the website, look for the link on the left hand side for "Membership" .. and at the bottom of the page click on link 'A' -- then it leads you to an application that combines DCU and AAPD membership together. DCU has a secured visa program with NO annual fee, reports to all 3 bureaus as unsecured, no credit checks, and an 8.9% APR. Be aware though, they check ChexSystems to open a checking account. If you have any Chex issues, it might be better if you just open a savings account and a secured visa. Minimum deposit is $5 for savings; nothing for checking. Secured visa has a $25 late payment fee. Other than that, there are no junk fees that most other subprime cards charge. If you are ready to get your life in order, this might be a good alternate route to prime domain.
When I was in subprime, I had a whooping total of $1,100 of cl. That was $400 from cap1 (started with $200) and about $700 from Orchard. If you added my secured Net1st, it would have been $1600. But Net1st were a bunch of crooks, the FDIC came in and shut them down and took over.
Re: Re: Am I King of Subprime CL @$22k? George, if I could get an MBNA card I'd climb out of my subprime pit. Right now, Household is my leg up on the swamp.
Re: Re: Am I King of Subprime CL @$22k? It is regarding Fin Coll Agency I would like to compare letters w/you. If you still have your letter where Trans gave you the telephone number, pls grab it and give me a buzz. thanks
thank you lkpr. I will check this out, I can't tell you how appreciative I am for any type of guidance as entering Emergency Debt Relief has screwed my chance of fighting using the letters offered by DOC. I already claimed the debt as legitimate and mine. Thanks again- much appreciated,
lakpr: I went to the disabiltiy charity website. Do I sign up for the year membership, $8.00 and then go back in and will see the offer you are talking about? or do I go to the www.dcu.org website after I become a member. erin
Re: Re: Am I King of Subprime CL @$22k? At the DCU's website, click the "Membership Info" link on the left hand side. On the resulting page, at the bottom of the page, you will see a number of alphabets; click the "A" link. This will take you to a list of all membership firms whose employees are eligible to join DCU; one of these would be AAPD. If you click this link, it will give you a PDF file that can be used for joining both DCU and AAPD at the same time. Fill it out and send it in. You can tick the $8/year membership level with AAPD. This way, you need not first become a member, and then become DCU member; too time consuming. This link is a one-shot deal at both. Best of luck.
Re: Re: Am I King of Subprime CL @$22k? the application that i downloaded says I have to send a cashier's check for the amount of credit that I am requesting? I don't understand. SHould I send one for $100.00 and just charge the card and pay it off and then it will increase over time as I am a good card holder? It doesn't seem like it is really a credit card if I am paying up front for the credit line. please explain as I am very confused at this point. Erin PEck
Re: Re: Re: Am I King of Subprime CL @$22k? This is a "SECURED" credit card. Meaning that you have to deposit some funds with the lending institution, and whatever amount you deposit would be your credit limit. Starts with minimum $500, and in $100 increments over that. They will, in return give you a Visa card. You use it for purchases just like a regular Visa card, and you will get a bill. You then pay the bill off when it is due. Note -- this amount WILL NOT be deducted from your deposit. If you do this for about an year, on time, your credit history will improve. Which is the whole purpose of getting a secured card. All secured cards work this way, except that other cards from BofA, APBank, First Premier etc. will also ask for exorbitant annual fee plus nonsense fees and a crazy interest rate. DCU secured card's advantage is no annual fee, 8.9% interest irrespective of your credit, and reports as unsecured. GREAT starter card, if you ask me. If your credit is down in the dumps, sorry to say, you won't get an unsecured card. Improve your credit using your own funds for a secured card, and when an year of on-time payments improve your credit, go and apply for regular unsecured cards. You can do that (unsecuring the card) with DCU itself. DCU requires 1 year minimum before they will unsecure it. EDIT: There won't be any credit limit increases for 1 full year on secured cards, unless you send more funds to increase the credit limit.
