These websites (and they are others) are all a part of the same network: WFNNB, World Financial Network Bank. They usually pull Experian reports, but some may pull others. They are all retail cards, some are Visa branded, most are not. Mostly clothes, some furniture and other things. I have seen most in the mall or catalogs I get in the mail:
Abercrombie & Fitch
Ann Taylor
Ashley Stewart
Avenue
Bealls
Brylane Home
The Buckle
Catherines
Chadwicks of Boston
Crate and Barrel
Domestications
Dress Barn
Eddie Bauer
Express
Fashion Bug
Friedman’s Jewelers
Goody's Family Clothing
J.Crew
Jessica London
KingSize
La Redoute
Lane Bryant
Lerner New York
Limited Too
MetroStyle
New York & Company
Newport News
Peebles
Pottery Barn
Roamans
Silhouettes
Spiegel
Structure
The Company Store
The Limited
Victoria's Secret
SOME POINTS TO CONSIDER:
SOFT INQUIRIES
Since these are preapprovals by soft inquiries, your credit report does not get hit with a hard inquiry, therefore your credit score is not affected and other creditors do not see soft inquiries, only hard inquiries.
AGE OF ACCOUNTS
If you are rebuilding, you may want to add positive accounts now so that 6 months, a year or two down the road these accounts have aged and helped improve your scores.
CREDIT MIX AND UTILIZATION
These lines would help your credit mix and add to your total credit line. They may be small at first, so to help your score you could either pay in full each bill or only use a small amount. Yes, keep in mind I have heard 35% of your credit line used is ok, but 10% utilization is golden to your FICO scores.
Let’s say you have a $500 credit limit. If you use 35% of that, it is $175 the most you can use. 10% of $500 would be $50, the most you could use.
DO NOT APPLY IF NOT PREAPPROVED
If you are rebuilding and do not see a preapproval offer, I would not apply for the credit b/c then you will have a hard inquiry and we all know hard inquiries do hurt your score, especially after 5 in the last 6 months.
CREDIT LINE INCREASES:
These companies normally give out credit line increases in 9 months provided you have a good credit limit, etc. at the time. I haven’t had mine that long to say if it is true.
AS ALWAYS PLEASE BE RESPONSIBLE!!!!
You want to build credit so that lenders can see an excellent credit history. Getting cards and charging them up to the max can hurt your score really bad!!!
Please note, everyone’s situation is not the same so you may have different outcomes.
HOW TO SEE IF YOU ARE PREAPPROVED
Go to the website: http://www.victoriasecret.com or http://www.express.com for example.
Add a few things to your cart, an item or two and go to check out as if you would order normally and register when it asks. I don’t think you have to input any credit card info. After you register with items in your cart, the preapproval should just pop up. At that point you can accept the offer and it will let you know your limit. You don’t have to buy anything to accept the offer.
There are tons of WFNNB stores, but I’m not sure if this works for all. Somehow, their system softs your credit report and all it needs is your address and date of birth, maybe phone number. They may need your ssn to confirm the offer, but that is it.
Check to see what the store offers first before you check into the preapproval. You may not be interested in what the store offers.
This has worked for me personally with victoria secret, express and buckle. Easy way to build credit and not take hits on your credit report. Some times you have to fill out your profile before adding to your cart.
Abercrombie & Fitch
Ann Taylor
Ashley Stewart
Avenue
Bealls
Brylane Home
The Buckle
Catherines
Chadwicks of Boston
Crate and Barrel
Domestications
Dress Barn
Eddie Bauer
Express
Fashion Bug
Friedman’s Jewelers
Goody's Family Clothing
J.Crew
Jessica London
KingSize
La Redoute
Lane Bryant
Lerner New York
Limited Too
MetroStyle
New York & Company
Newport News
Peebles
Pottery Barn
Roamans
Silhouettes
Spiegel
Structure
The Company Store
The Limited
Victoria's Secret
SOME POINTS TO CONSIDER:
SOFT INQUIRIES
Since these are preapprovals by soft inquiries, your credit report does not get hit with a hard inquiry, therefore your credit score is not affected and other creditors do not see soft inquiries, only hard inquiries.
AGE OF ACCOUNTS
If you are rebuilding, you may want to add positive accounts now so that 6 months, a year or two down the road these accounts have aged and helped improve your scores.
CREDIT MIX AND UTILIZATION
These lines would help your credit mix and add to your total credit line. They may be small at first, so to help your score you could either pay in full each bill or only use a small amount. Yes, keep in mind I have heard 35% of your credit line used is ok, but 10% utilization is golden to your FICO scores.
Let’s say you have a $500 credit limit. If you use 35% of that, it is $175 the most you can use. 10% of $500 would be $50, the most you could use.
DO NOT APPLY IF NOT PREAPPROVED
If you are rebuilding and do not see a preapproval offer, I would not apply for the credit b/c then you will have a hard inquiry and we all know hard inquiries do hurt your score, especially after 5 in the last 6 months.
CREDIT LINE INCREASES:
These companies normally give out credit line increases in 9 months provided you have a good credit limit, etc. at the time. I haven’t had mine that long to say if it is true.
AS ALWAYS PLEASE BE RESPONSIBLE!!!!
You want to build credit so that lenders can see an excellent credit history. Getting cards and charging them up to the max can hurt your score really bad!!!
Please note, everyone’s situation is not the same so you may have different outcomes.
HOW TO SEE IF YOU ARE PREAPPROVED
Go to the website: http://www.victoriasecret.com or http://www.express.com for example.
Add a few things to your cart, an item or two and go to check out as if you would order normally and register when it asks. I don’t think you have to input any credit card info. After you register with items in your cart, the preapproval should just pop up. At that point you can accept the offer and it will let you know your limit. You don’t have to buy anything to accept the offer.
There are tons of WFNNB stores, but I’m not sure if this works for all. Somehow, their system softs your credit report and all it needs is your address and date of birth, maybe phone number. They may need your ssn to confirm the offer, but that is it.
Check to see what the store offers first before you check into the preapproval. You may not be interested in what the store offers.
This has worked for me personally with victoria secret, express and buckle. Easy way to build credit and not take hits on your credit report. Some times you have to fill out your profile before adding to your cart.
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