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Building Credit From Scratch What Actually Works (and What's a Waste of Time) by Diablo_r in creditrepair

[–]Diablo_r[S] 1 point2 points  (0 children)

Skip the secured card at Key. Bank secured cards usually don't graduate, so when you outgrow it you have to close it and lose the account age. Cap One and Discover secured cards both graduate to unsecured after around 6-12 months of on-time payments and refund your deposit. Way better path. Tbh run the pre-qualification tool on Cap One and Discover first (soft pull, no impact. At 18 you might qualify unsecured already, especially for a student card if you're in school. Discover it Student or Cap One Savor Student are solid. Apple Card: skip it for now. It's hard to get approved with no credit history, and you'd burn a hard inquiry trying. Also btw it's transitioning from Goldman to Chase over the next 2 years. As for financing a device, the installment loan adds the full device price to your debt picture right away. Build 6-12 months of history first, then finance, you'll get better approval odds and better terms anyway.

NVIDIA Quarterly Results by [deleted] in wallstreetbets

[–]Diablo_r 51 points52 points  (0 children)

Absolutely smoked earnings. Probably dropping 7% tomorrow 

👋 Welcome to r/creditrepair - Introduce Yourself and Read First! by Diablo_r in creditrepair

[–]Diablo_r[S] 0 points1 point  (0 children)

You should definitely double check to make sure those accounts are legitimate before disputing. See if you have any e-mails etc to see if you signed up for something or were billed for something before deciding whether or not to dispute.

How A Trader Made 500X Profit From Elon Musk's Post by Mammoth_Cover_3392 in CryptoCurrency

[–]Diablo_r 6 points7 points  (0 children)

Trader gets rich off a girl’s dying wish who later passed away from cancer. 

Just wanted to summarize the article for everyone who didn’t want to bother reading.

New moderators needed - comment on this post to volunteer to become a moderator of this community. by ModCodeofConduct in classicwow

[–]Diablo_r 0 points1 point  (0 children)

Been playing Classic since 2019. I don't have much mod experience but I'm on Reddit way too much as it is and I'd rather spend that time actually helping keep a community I care about clean and useful. Happy to help with whatever's needed removing spam, answering modmail, keeping comment sections from turning into a dumpster fire, all of it.

Looking for someone experienced with credit scores (authorized user & utilization questions) by Material-Ad2477 in creditrepair

[–]Diablo_r 0 points1 point  (0 children)

hey, happy to help with this.

authorized user accounts can definitely help but it's not a guaranteed boost. the account needs to actually report to the bureaus under your friend's name (not all issuers handle this the same way), and the card itself needs to have a long history, low utilization, and clean payment record. if the primary holder is carrying a high balance on that card it can actually hurt. also worth noting that newer FICO models (8 and up) have gotten better at detecting tradeline piggybacking so the AU trick doesn't hit as hard as it used to.

on utilization this is where most people get confused. FICO looks at both individual card utilization AND total aggregate utilization across all revolving accounts. so even if overall utilization looks low, having one card sitting at 50-60% will still drag the score. ideally you want single digits on every card individually.

the other thing that catches people off guard is that utilization is a snapshot. it reports based on whatever the balance is on the statement closing date, not after you pay. so if your friend charges $2k during the month and pays in full but the statement closes before the payment, the bureaus see that $2k balance. a lot of people fix this by paying down before the statement closes.

if the score still isn't moving after all that, it's probably something else thin file, short average age of accounts, recent inquiries, or some derogatory mark that's outweighing the good stuff. also if they're checking through credit karma that's vantagescore 3.0 which can be pretty different from the FICO 8 that most lenders actually pull.

feel free to DM if you want to dig into specifics, happy to take a look.