Yesterday, we shared a story about Falcon security, a feature on our Visa Platinum credit card that was able to protect a member who entered information onto a fraudulent website. Today, we wanted to tell another member’s story about how our card helped them.
We work with people all the time who are looking to re-build their credit. By looking at their credit history, and overall financial situation, we can recommend solutions that fit them and their unique money matters. Building a solid credit history doesn’t happen overnight, and sometimes there are bumps in the road. Many people feel that their only borrowing options after bankruptcy are high interest credit cards with annual fees and other service charges that do no favors for those looking to get back on track. Fortunately, they aren’t the only option.
On the message board at myFico.com, people tell their stories. They talk about re-establishing themselves after bankruptcy, offer credit tips, and talk about their credit card choices.
Credit Crusader, a 3Rivers member who posts on the board, talked about choosing 3Rivers.
WOW…looks like all the talk about using local credit unions is more than just talk!
I tested the waters with my local credit union here in Fort Wayne (IN), 3 Rivers FCU, as to getting a credit card to replace the usual suspects. I explained to them that I had a BK7 that was over 2 years discharged, but that I had no late pays and scores in the mid 600s.
Their response? We can probably give you a small limit card while you rebuild with us (I love credit unions…seriously, I do. They don’t see you as a number. They see you as an important part of their very being. They share your successes and grow with you – even after you make mistakes).
They encouraged me to apply…I did…
$1,000 limit…13% APR…AF $0…minimum finance charge NONE
And here I was foolishly pining for Discover…when all along the perfect card was waiting for me at my credit union.
Thanks to all here at FICO Forums. Without you, I wouldn’t have the knowledge or confidence to build my credit and financial account relationships in the best manner possible!
You can view the original post here. We want to extend a big thanks to Credit Crusader for the kind words, and for letting us share them on our blog.