12-01-2012 11:06 PM - edited 12-02-2012 09:59 AM
Okay so this a backround on my brothers Credit report.
Cap 1 secured - 6mo 500cl
Us Bnk Securd - 6 mo 300 cl
Open Sky Sec - 5 mo 200cl
Boa Secured - 5mo 1000cl
Discover AU - 8mo 5500cl
Chase AU - 6mo 3000cl
Home Dept AU- 5yrs 3800cl
cap1-900bal charged off -2009 - unpaid
1stP- 500bal charged off- 2009 - unpaid
Scores: 6months ago 530 EQ Today 656 EQ
Will those AU with Higher CL and more history in them,
Will it count towards his AOA. also will he be able to get his own discover,chase and prime cards
with CL in 4 figure limits, when applying next month.
will it help getting approved with alot of satisfacotry accounts or does it hurt the situation. 4 of my accounts and 3 AU accounts with High CL.
Or are AU worthless and have the CC companies caught on to this trick.?
I heard people with just 8 months of new history with no AU gettings into prime cards with decent limits
Thanks alot. I'm really greatful for the usefull info here. So i try my best to help others without the info we posses.
12-02-2012 07:47 AM
Kick out discover and chase. New open trade line will short you AAOA.. Dispute o 3 credit credit reporting and ccredits cover ,chase to remove AU
12-02-2012 09:54 AM - edited 12-02-2012 10:04 AM
why would removing a AU thats has 4 more months of history then his own cards HURT his score?
HIs score before getting secureded cards were 530 EQ. after secureds and AU it went to 656 EQ
there is 2 unpaid charged off collections on report from 2009 ( is it better to pay these off? but im worried that it will renew the date of the 7 years?)
one from Cap 1, and One from 1st Priemr.
His utiliz is 9% he has 3 inq on EQ
Also I'm thinking it would be better if he waited another 6 months before applying
so all his accounts plus AU is over 1 yr point. This would help alot im guessing.
12-02-2012 10:50 AM
12-02-2012 10:59 AM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.