Credit Cards

[jhr4]

Yesterday, I got the last of all of the negtives I can get off by GW'ing. I still have a charge off (listed as PIF...did so in 2011) for $100 on a Verion DSL account dated back to October 2007 still on my reports, but can't get them to budge. Not giving up on Verizon, but I would like to think about my next steps.

Should I try to increase my BoA CL? Or go for a new CC?

If I were to get a CC, I would like to get something that will grow with me. I don't want many cards to my name. I feel that getting a Amex charge card would fit my usage patterns the best (I have only used a debit card in the last 3 years), but really want to do my homework once I pick my next step.

Do I have the scores for an Amex?

Is the 3 year old paid charge off from Verizon going to significantly hurt me when apping?

Does the lack of other cards with high credit limit hurt me?

I actually like BoA. Any ideas what my approach should be if I go down the CLI?

Info

Salary: Job $100k, a couple ~$20k of investment income a year

Overall CC CL: $800

TU (Fico): 722

EQ (Fico): 709

EX: unknown (assuming hirer than both because report does not have the verizon account)

AAoA: 5 years (includes some older utils and small university loans that were closed in good standing)

BoA Platinum Plus CC

Opened: Apr 2007

Balance: $0

CL: $500

Had a 30/60  day late in Summer 2011. Now removed (Convinced them to remove b/c they were caused by annual fee I didn't know about)

(note I also have had my primary checking account with them since 2003)

Orchard Bank CC

Opened: Jan 2008

Balance: $0

CL: $300

Had a 30 late from Mar 2012. Now removed (Convinced them to remove b/c they were caused by annual fee I didn't know about)

Car loan (Installment)

Opened: Aug 2009

Amount: $20000

Balance: ~$4500

No lates

[RyVision]

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jhr4 wrote:

Yesterday, I got the last of all of the negtives I can get off by GW'ing. I still have a charge off (listed as PIF...did so in 2011) for $100 on a Verion DSL account dated back to October 2007 still on my reports, but can't get them to budge. Not giving up on Verizon, but I would like to think about my next steps.

Should I try to increase my BoA CL? Or go for a new CC?

If I were to get a CC, I would like to get something that will grow with me. I don't want many cards to my name. I feel that getting a Amex charge card would fit my usage patterns the best (I have only used a debit card in the last 3 years), but really want to do my homework once I pick my next step.

Do I have the scores for an Amex?

Is the 3 year old paid charge off from Verizon going to significantly hurt me when apping?

Does the lack of other cards with high credit limit hurt me?

I actually like BoA. Any ideas what my approach should be if I go down the CLI?

Info

Salary: Job $100k, a couple ~$20k of investment income a year

Overall CC CL: $800

TU (Fico): 722

EQ (Fico): 709

EX: unknown (assuming hirer than both because report does not have the verizon account)

AAoA: 5 years (includes some older utils and small university loans that were closed in good standing)

BoA Platinum Plus CC

Opened: Apr 2007

Balance: $0

CL: $500

Had a 30/60  day late in Summer 2011. Now removed (Convinced them to remove b/c they were caused by annual fee I didn't know about)

(note I also have had my primary checking account with them since 2003)

Orchard Bank CC

Opened: Jan 2008

Balance: $0

CL: $300

Had a 30 late from Mar 2012. Now removed (Convinced them to remove b/c they were caused by annual fee I didn't know about)

Car loan (Installment)

Opened: Aug 2009

Amount: $20000

Balance: ~$4500

No lates

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From what you said above,    I'd say your best bet would be AMEX if you want a good charge card you'd pay off every month, they offer great protections as far as purchases go.  I wouldn't count on the BOA giving much of a CLI with ANYTHING negative on your reports considering your other info btw (IMHO).

[nicholasyud]

you should sent goodwill to all the late and paid collection and see what they can do before apps for anything......your change getting approved for a higher card if those baddie removed...

Call for increase too but make sure there no hard pull....

[jhr4]

Thanks for your reponses

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nicholasyud wrote:

you should sent goodwill to all the late and paid collection and see what they can do before apps for anything......your change getting approved for a higher card if those baddie removed...

Call for increase too but make sure there no hard pull....

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All of the badies are removed from all reports except for the Verizon issues, but I will hold off until it ages another year before I figure out what to do with the BoA card. Hopefully I can increase it at some point since it is my oldest CC, but it will have to happen another day.