Financial are really not a ideal place ti put money this days, forex is a nice way to earn money anytime even if the market is crashing but you gotta to have the right skills and that would be brutal if you won't know what to do? one mistake and not proper way and you are out of business. And one thing more try to do investment that is low in cost and could be profitable like online business.

I have been putting my money into high-yield money market accounts and certificates of deposits for now. The real estate market is too volatile, in my opinion, and I have money in the stock market via my 401K. With the way that's been performing lately, I'm in no hurry to put more money in stocks.

Maybe, engaging in bond is a safe way to invest your money wherein the capital will be returned plus the corresponding interest. Although this has a drawback because its duration is more than 10 years. If you like shorter terms then there is the note which is less than 10 years and a bill which is 3 years or less. Any which way, you will not lose your money and you will earn interest.

I plan to save up some money, and get into the cars buying/selling business, or into real estate, if I can save a bigger amount of money

Hi LadyD! I have a strong feeling that 2008 will be a roller-coaster for large cap stocks. I think that this is where most of the fears will really take a toll. This year has begun with a large decline in nearly all large-caps. Inflation and the credit crunch is not a healthy combination, so be careful. I hear more and more about forex stocks, especially China. Hopefully this will help to steer you in the right direction! If you do invest, I hear that commodities and tech should be strong this year. Stay away from the financials.

Paula is correct, Hooters and Juniper (Barclay's Bank) Pulls from TU.

BRH3,
I know, it seems like TransUnion is everyone's favorite since they always have the highest credit scores. Just by looking at my credit report the following creditors pulled TU when I requested credit.

Hooters

Citibank Cards

BarclayBank: Travelocity Mastercard & Carinval Sea Miles Mastercard

HSBC Bank:Visa, MasterCard, DirectRewards

HSBC/RS (Retail Store Cards) they issue department store cards such as Best Buy, Bon-Ton, Comp/USA, Costco, Helzberg Diamonds, Neiman Marcus, Saks, Sony

World Financial Network National Bank (WFNNB) they primarily issue department store credit cards such as: Ambercrombie & Fitch, Ann Taylor, Spiegel’s, Limited, Express, Avenue, Lane Bryant, Gordmans, Reeds Jewelers, New York & Company, Victoria Secret, Bealls, Palais Royal, Peebles, Stage

I hope this helps.

Paula,
Thanks for the info. Do you know what credit bureau Hooters pulls. My TU is the strongest score. Any thoughts on which Credit Cards use TU as their primary pull?
Thanks again!

Hey BRH3,
Hooters’ prides themselves on being an advocate for people who need to rebuild their credit, so I don’t see why you won’t qualify with the scores that you have listed. I’ve included a copy of their mission statement below which I obtained from their website:

"Get In Where You Fit In."

Most credit cards only give credit to those with the best credit. We are not most credit cards! In order to offer the Hooters MasterCard to all kinds of people with all kinds of credit we have many different interest rates. For those with great credit our lowest rate is one of the most competitive in the rewards credit card marketplace. For those of you with questionable credit: well, we'll do the best we can.


I believe Hooters does offer a balance transfer which may be considered a cash advance from their stand point. There’s a fee of $5.00 or 4% of the cash advance, whichever is greater. It would only make sense to transfer the balance if the interest rate that you achieve is significantly lower than what you currently have on your other three cards. You’ll have to sit down and figure out if it will cost you more money to transfer the balance then to just pay them off.

Let's us now how it goes.

This board looks like it will be a great help. I have a couple of questions. I currently have 3 revolving accounts 1) Credit One with $400 CL 2) Orchard with a $300 CL and 3) 1st Premier with a $275 CL. I have about 50% utiliztion on all and I need to get it lower. I can pay it off or apply for a card with larger limits and transfer. My scores are TU-619, EXP- 606 and EQ- 591. Now for the questions. Does the Hooters MC offer a balance transfer? It seems like they have the most generous CL's from what I read on here. Can I get a card from them with these scores. I have brought my scores up from the low 500's in the last year and have a great job now with a gross income of 70K. What other cards would be an option?

Hey Dogma, take a look at the forum "Great Cards to apply for" I listed a nice amount of cards to apply for. Also go through the review board under "credit cards by scores" and select from there. When you look at my forum, don't disregard the cards that I was denied for because I was denied for majority of them due to too many inquires. You might get an approval where I was denied. Try Juniper Carnaval Seamiles or Travelocity MC, and Hooters before you apply for others, they seems to have a good approval rate. Here are the links to three of them.

Hooters
http://www.hooterscard.com/menu/home.aspx

Juniper Carnival Seamiles
https://www.juniper.com/app/japply/lp/16200.jsp?campaignid=0000411&obcreative=0000000&obadloc=027&obchannel=005&ibchannel=03&partnerid=255

Travelocity
https://www.juniper.com/app/japply/WebAppGate.jsp

Good luck buddie!

hey dogma, i too had a CO with capital one a few years ago. I applied for and got their classic platinum this past january. They started me off at 300 cl and i followed their credit steps program and after 90 days went up to 500 which is where i am now. Here's a link to it]https://www.financeglobe.com/Finance/card885.php[/URL]

this is just my opinion, but i like capital one and this card.

I am in same situation as you with regards to Capital One, Brent. I am staying on top of this card something serious. I know that I will get my credit limit increases with them if I keep doing the right thing---paying them on time and paying way above the $15 minimum.

Ok will give it a shot...
Should I apply for another Orchard card ? since mine is the secured one i thought i could apply for another one ..
Any other cards you recommend ? I am 562 score on equifax site .. I read somewhere else that different sites give different scores ?

hey dogma, i too had a CO with capital one a few years ago. I applied for and got their classic platinum this past january. They started me off at 300 cl and i followed their credit steps program and after 90 days went up to 500 which is where i am now. Here's a link to it: https://www.financeglobe.com/Finance/card885.php

this is just my opinion, but i like capital one and this card.

I am feeling lucky to have come across this site... I read some stories similar to mine..

About 2 years ago i tried to buy a car and had 440 Eq score.. had to put heavy down payment to get the car.. then decided to educate myself more about fico..

I had CO's and collections..
My first credit card (after the disaster ) was Orchard ... yes they did accept me but took my 200 $ security deposit .
Then i got Continental MC, My limit went from 300 to 600 in 13 months now.
HSBC offered me a Compass card that i have now for 4 months 300 limit.

I checked my score 2 days ago and was at 562 ( according to equifax site) ..
I didnt miss a payment for 2 years in all cards and my car aswell.

I think cap One should be my next card but i had a Co with them .. is that a problem ?

I dont know what to do next to improve my credit ..

I only have 2 COs left for about 5k each ( cap one and Bank of america)
I had Citi , Amex, providian , but all closed paid.

any suggestions about which cards i should apply for ?