@msbia wrote:Only tip I have is to garden the credit accounts you have for 6 months to a year. Use the Capital One cards a lot and pay them in full. Do the same with Discover. You may be turned down for Chase Freedom because of your app number, but check the prequalification site. Be patient and use what you have for now. Your secured Discover may unsecure ina year with good credit usage.
This. Also to add to build your limits up during this next year so when you get approved hopefully your higher limits will get you a nice limit with Disco and Chase. If you manage to get approved it'll more than likely be a low, low limit similar to what you have. Discover could grow fast but I've read that CLI's are hard to get on Chase. So try to make your profile as good as it can be in a year or so that way when you do get approved it'll be for a nice limit and favorable terms.
Personal:
@Anonymous wrote:Hi Guys,
Current Credit accounts are:
1) Credit One Platnum - $400 Limit
2) Fingerhut = $500 Limit
3) Discover it (Secured) - $200 Limit
4)Bank of america card (secured) - $300 Limit
5.Cap one platnum mastercard - $500 Limit
6.Cap one Quick Silver - $500 Limit
7.Nordstroms store card - $300 Limit
8.Khols Store Card - 300 limit
My total % should be a little under 25% credit used
My probelem i face is age of credit
Average Account Age0Yrs 7MosOldest Open Account1Yr 4Mos <------------ (Student Loan)Newest Open Account0Yrs 2MosSo i really want a not secured Discover it card and a chase Freedom - im just trying to figure out the best way to achieve thisCurrent Scores are:Experian - 649
Equifax - 647
TransUnion - 658I have so many cards so my overall available is higher, but i really just want a couple cards with credt line increases and no annual fees. I a[[;ied to discover and they said about the age of credit issue and turned me down. And i also bank with Bank of america, but have yet to be approved for a non secured boa cc , because my % was over 50% when i did apply.Any tips or ideas or recommendations?
The best way to get to where you want to get is to stop applying for things. and let your accounts age. No more store cards for you, even when your scores rebound.
@Chris679 wrote:
If you are 7 months into the game and you are already opening accounts to pad utilization then you are getting off to a very bad start. No new accounts for 12 months. In the mean time work on getting CLI and getting cards unsecured. If it were me I would close Fingerhut too.
+1
@Anonymous @South Jam mentioned STOP APPING...youngster
You can't skip TIME and seasoning and you are KILLING yourself with all this apping...adding more and more 'training wheel' CL's
but that's what happens when you look 'thirsty' for a bunch of little limit cards AND you actually put balances on them.
C'mon you CAN'T have
$200 Di's
$300 BoA's
Credit Ones
and Fingerhuts
AND have conversations about util%'s
Congrats on the Cap-1 CLI (this is what they do and the WAY to go about this)
Calm down on the 'wants' and mind your graden...water your accounts ALLOW the sun and your water to WORK it's magic but for
the LOVE of credit STOP apping...
Seriously Cap-1 as well as the Di will SP for CLI's w/o you taking on anymore HP's allow your pulls to age off
I believe the BoA may graduate (check that) and even Cred-1 for some will CLI w/o HP
slow down on the usage of the store cards (at least the 'reported balances) but to me because the QS gives cash back I don't see why to use
the store cards w/o a special from them very sparingly...
Let the cards grow, we seem to always forget just how short of a time 7 months is let alone 12 or 18 months ...it'll happen you'll be fine, you're doing fine
just let up off the app gas 