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Moderator
Posts: 27,207
Registered: ‎09-13-2012
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Re: Credit card suggestions, what should I try to get?

Oh thanks, myjourney

OP: best advice I can give is to get your util down. Applying for new cc's will not be in your best interest. Once paid, I'd sd the high APR cc's and never carry a balance on them.

Myjourney is absolutely correct. High util plus liens will not make your cr profile acceptable to the lenders you desire.
New Contributor
Posts: 128
Registered: ‎03-28-2013
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Re: Credit card suggestions, what should I try to get?


myjourney wrote:

Double edged sword tax liens and high UTL 

I recommend you hit the garden and pay down debts 


+1 Garden. Btw impressive that you have a 3000 line from Target, but how on earth do you have a 2500 balance? Nice job with the Barclays jumps too! But yeah, I'd try to pay those down. ASAP.

Amex BCE 6k; Amex Hhonors 4k; Quicksilver 3.5k; Chase Freedom 3k; Desert Schools 3k; Bank Americard 1.5k; Discover IT 1k; Sallie Mae 650
Lowe's 9k; Sam's Club 8.5k; Walmart 4k; Chevron 2k
Valued Contributor
Posts: 1,096
Registered: ‎07-17-2012
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Re: Credit card suggestions, what should I try to get?

Thanks for the replies! I totally understand where you are coming from reguarding paying down the balances. I actually didn't think they were that bad. Only two cards are carrying a balance but Target is a little on the high side (electronics dept shopping). The rest are either PIF by the due date or not getting any use. Utilization currently about 38% reported. 

 

As for the tax liens, I didn't get the winning Powerball ticket that I requested last night so they aren't going anywhere. 

 

My reason for getting another card or two is to have cards with higher limits and lower interest. But I guess your right, I need to do a little work to make that happen.  Barclay's has the low interest offer so if I pay down Target, I'll have Barclays as the only card with a decent balance (utilization on that card would be less than 50% then). I'll probably have a better shot at being approved for better cards.  

 

 


|****$10500***|****$8000*****|****$6000*****|****$3200****|****$1600****|****$3000*****|*****$3000*****|****$2500*****|
EX - 684 (MyFICO 3/05/15) TU - 676 (MyFICO 3/05/15 ) EQ 04 - 712 (DCU -3/27/15) EQ 08 - 686 (MyFICO -3/05/15)
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