Hello, I am new to this, but here I go...
My history:
Okay, I have no negative credit, nothing late, but.... I have high credit credit card limits that I never worried about because I never use my credit cards, and I have student loans. One right now is at 16.75 with Sallie Mae (almost done paying it off), and a couple at $5,000 each at 11.5% interest with Sallie Mae. Then both my husband and I have Federal Student Loans at 6% interest that we will need to be paying soon. My plan of action is to pay the 16.75% off first - only have $1,500 left on it, then pay down all of my credit cards to bump up my score. We have three credit cards, one with a $10,000 limit at a 7.9% interest rate and two at $5,000 limit - 11.75% interest. I am throwing about $1,300 on the student loan each month and my husband is paying down the credit cards a little at a time.
My credit scores are:
TU: 734 (I think they are missing my $10,000 credit card)
Experian: 659
Equifax: 683
When I pull my credit they say this is where I can improve:
There are not enough premium bankcard accounts on your credit report. [TransUnion, Experian, Equifax] - if I got another card this would help my percentages, right? I would really love an AmericanExpress card. What credit bureau score needs to be where?
There are not enough revolving accounts on your credit report. [TransUnion] - I don't know if I want to tell TransUnion about this card right now 'cause it could bring down the score.
There are too many personal finance accounts on your credit report. [Experian, Equifax] - would that be student loans or credit cards???
Help!
05/12: approx 680 across the board
04/08 EQ: 730 TU: 748 EX: 718
03/08: EQ: 713 TU: ? EX: ?
12/07: EQ: 689 TU: 711 EX: 721