- Centurion Member
- Posts: 4913
- Joined: Sun May 20, 2012 4:35 pm
- Location: WI
Wow what a journey you've had. It sounds a lot like mine as I burned some creditors in the past as well (Amex, Chase, etc). Almost unbelievably, I currently have cards with some of those I've burned, as well as others I have not burned.
I don't remember my first card, I seem to recall it may have been a Sears card in the 80s. In the 90s which I remember better I got the big names - Chase, Discover, Amex. I managed to burn each of those not on purpose but no one cares if you were malicious or not, only whether they got paid, understandably.
After burning them, I never bothered to find out what my score was, but it had to be 400s, 500s tops. I will never know at this point since I never checked it then. After all the baddies fell off, I had only my student loans and a car payment reporting. The car loan had a 60 late (which has long since fallen off today). Even so, my scores then were 727-742. (A baddie that is old enough will ding you but not as much as you'd think after so many years).
I remember I applied for and got a new auto loan with those scores, then applied for a Cap One 500 limit card and got instant approval on that. I was shocked to get it since for so many years I was used to instant declines. But that time without credit really taught me discipline, and now I treat all my credit cards as a debit card because I got into the habit of having only debit for many years. So in the long run it was a plus.
Now my current scores are in my signature, they are current as of today. I typically get approved for what I applied for, my last decline for a card was by US Bank last summer for their travel card, which they declined me for my address not being a residence. But typically I get approved and usually for the best terms as well now. The Duck card was not best terms, but the Arrival, Citi and Chase Freedom I just got all are. (Not sure what you need to get best terms on the Duck).
So I guess I'm at the same place. I appreciate having good credit now and I take care of it. My hopeful payoff for that is a mortgage this year. That's what I'm shooting for.
Glad you shared your story!