Lesson 1, Topic 1
In Progress
Account 1 – $5,000 (My Jewelers)
MyJewelersClub is an excellent place to start re-establishing new credit – Click here to open your account
Up to $5,000 Unsecured Revolving Line of Credit You will get automatically approved regardless of your credit and obtain a 5k Credit Limit with a small purchase of $99- Buy one item and then don’t use the card (G-Shock Watch)
*Minimum $100 initial order required with 50% down payment
*One hard inquiry from Experian
* Reports to all 3 Bureaus monthly, accounts usually populated between the 5th and the 15th
Reasons for Denial:
- Open/Active Bankruptcy
- Excessive Back Child Support/Tax Liens
- Not a U.S. Citizen (Unfortunately, they cannot approve permanent residents or work visas)
- No Credit History – Must have credit; Good or Bad