- Green Member
- Posts: 4
- Joined: Mon Jul 27, 2015 6:05 am
I've learned a lot in the short time I've been a member here, and continue learning.
Between 2007-2009 my stupid spending finally caught up with me. All my fault, and there was really no life changing excuse for it either. I didn't lose my job, didn't lose a house, and didn't have some medical hardship. Simply spent way beyond my means. Ended up with numerous CO's, but no BK or judgements. How I ended up with no judgements is beyond me. Very lucky I guess, maybe its because I've always lived in apartments....no real property to go after. I took a dump on all the standard credit cards.......BofA, Lowe's, Home Depot, HSBC, Shell, Citgo, Chase, Cap1, and numerous others. Only positive TL I had when it was all done and said was a car payment with SunTrust. All told, I walked away from over $65k in CC debt.
So with my credit destroyed, I still needed a credit card. In November of 2009 I got a secured Visa card from Applied Bank. $250 No AF, and no other crazy fees associated with most secured cards.
I went from November 2009 to July 2015 with only that one card from Applied Bank. I was simply afraid of applying for other cards. Also during this time I learned to discipline myself and build up liquidity (cash). I finally decided to pull my credit reports (July 2015) to see how bad things still were. I noticed some things have fallen off, while others will start falling off between now and early 2017.
Over the last few years I would get CC offers in the mail from turd lenders like Premier Bank, and others like them. I simply sent the offers to the paper shredder.
The last few months I started getting pre qual offers from Cap1 for their unsecured platinum MasterCard. I was ignoring them, simply because I thought it was too good to be true. A few weeks ago I finally took the plunge and applied. Boom, approved for $2k.
A this point I'm stoked. After reading many posts, I realized a third card was needed to help with my FICO. I got a secured Open Sky Visa $200. Well today I decided to app for a Cap1 Quicksilver One card. Approved for $1k.
At this point I'm just gonna let the cards I have marinate. Don't plan on app for anything else until the first of the year 2016.
PIF Every Month
Capital One Platinum MasterCard Unsecured $2k
Capital One Quicksilver One Platinum MasterCard Unsecured $1k
Applied Bank Visa Secured $250
Open Sky Visa Secured $200