RR, you might want to post this question separately on the Rebuilding Credit board - you'll probably get more helpful responses there than on CC's.
RichRaven wrote:Ex has an old collection for $60 dollars that is killing me (3yrs but reporting as 6 months) I totally forgot about this account. I guess my moniker of never being late is shatered. Please help me decide what to do with this account. Should I pay it and have it start over or should I reluctantly forget about it and move on. I really want to have great scores with all reporting agencies but I also feel that if I could weather this sorm until my $3500 Wamu and $750 Cap One cards begin to report and age this will overcome the collection. What do you think?
RichRaven wrote:Please Help. I need all your experience and expertise to predict our credit future. I want to increase our credit limits to put us in the best possible position to get the best interest rates in May 2009 to buy a home. We will only have revolving credit and no installment loans when we try to buy . I don't want to explain our situation because I've already done this within this thread. I have a total cc limit of 5850 with 4 cards, never late, and always using them to pay bills and paying them off immediately leaving a small balance. My score is now 682 only because my 2 oldest accounts are almost a year old and my 2 newer accounts are very recent. I would like to know 2 things. 1...What do you recommend I do to get the highest limits on each card before May 2009 and ....2 ...Assuming I pay everything on time and keep my utilization below 9% would I qualify for the best interest rates. I know it's asking a lot but please read this thread before determining your response.
UpUpUp wrote:Rich, since the amount is so small and it's obviously eating you up (as it would me, too) why don't you contact with a PFD?