- Centurion Member
- Posts: 179
- Joined: Fri Apr 12, 2013 4:47 pm
- Location: Indianapolis, IN
A lot of people don't look at the schumer box. Hell, a lot of people don't even know what it *is*. I've seen family members seriously consider cards from these bottom tier lenders just because they say "guaranteed limit of $1500!" but what they don't see is the 0 day grace period, the 36% APR, and the $175 AF.
I'd never recommend someone go to one of these bottom tier lenders if they have a choice. Go to a Credit Union or get a secured card from BoA or Capital One if you have to. At least some of those can go to unsecured cards eventually.
Scores on the mend...
FICO: 650 (Discover/TU, 6/23/2016)
Cards I Use Citi Double Cash, Chase Amazon, Capital One QuickSilver
Sock Drawer Discover IT, Citi Diamond Preferred, AE Visa, QuickSilver One, Walmart CC, CareCredit, CreditOne (keeping for history for now)
Short Goal Reach 680