07-11-2012 11:08 AM
I brought this up in another thread, but wanted to make it it's own topic to see what people thought.
Here is my situation in a nutshell.....
Current EQ FICO - 647
My last collection is going to be removed, and I will soon have a Cap 1 secured reporting with < 10% utilization. I also have a FP card with 0 balance that has been reported for a few months.
The cards on my "wish list" at the moment are:
Another poster pointed out that Amex would not like the FP card open on my account. I was hoping to replace it with one of the 3 I wanted to keep long term and close it as soon as I got one, but I'm starting to wonder if I may need another card to bridge the gap. I'm assuming that if Amex doesn't want to see the FP card, then other prime lenders won't either.
Is there a card I can replace it with that would be doable with my credit profile before going after more prime cards? I don't want to do another secured card if I can help it, I'm dumping $ into my Cap 1 to raise the credit limit already and don't want to have to do that for 2 cards. (in the theory that having a higher limit on it will help get higher limits on later cards)
Thanks for any and all suggestions!
07-11-2012 12:08 PM
Does this mean your credit report be clean of negatives in 7 months? That is much more important than brand of CC, and having more than 1 card is good.
Increasing Capital One deposit is good idea, (it worked for me with next Cap1 card).
I suggest you apply for 1 or 2 cards in 7 months.
Capital One unsecured card (what ever they prequalify you for)
If you have success with that, then close the FP and Capital One secured.
Then Wait 6 moths or more and try for the others.
07-11-2012 12:33 PM
I guess using an unsecured Capital One card would be a good idea to get rid of the Zync. I'll have had the secured card with great history as well as an auto loan through them. (if that helps) Maybe in 7 I can get a cap 1 unsecured, ditch the FP, then get the zync.
I can always keep checking pre-auth pages online when I get scoring bumps along the way to see what I might pre-qualify for.
07-11-2012 03:21 PM
Since I don't know how to edit my post, I'll add this. I'm rehabbing student loans also and that will be done in 7 months if that makes a difference.
To edit your post, go to the post. To the right you'll see "Options." Click on "Options" and select "Edit Message" from the drop-down menu. If you have accidentally posted a duplicate message, you can use the “Report Inappropriate Content to a Moderator” link to ask the moderation team to remove one for you. To find this link, go to the duplicate post, click on "Options," then select "Report Inappropriate Content to a Moderator" from the drop-down menu.