New Credit Advice

[Anonymous]

Hello. I am starting to build my credit and want to do so well. Currently I have a few student loans and a $300 CL Mastercard. My credit score is 669 (Experian). I use the Mastercard once a month to buy gas and then I pay it right off.

Ever since I started pondering building my score I've been looking at the United/Continental cards (Mileage Plus/Onepass plus). I travel a fair often to visit family and the miles accrual is worth it to me. What are my chances with my current situation? Any other advice?

Thanks!

[Anonymous]

CCCs look at more than just your score.  Where did you get that EX score from?

Do you have any lates, COs, etc on your CR?  Long credit history?

[Anonymous]

EX score came from my CC bank as part of their new credit information package. 

No lates,  what is a CO? and my credit history is less than a year. Like I said, just starting to build after graduating.

[Anonymous]

I guess If you have no lates you wouldn't technically even be able to have a CO (charge off).  It's basically where someone doesn't pay their balance for a long enough period of time that the lender basically writes off the debt as uncollectable or, not likely to be collected.  It's a bad mark on a credit report.

[Anonymous]

Bump

[Wolf3]

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@Anonymous wrote:

Hello. I am starting to build my credit and want to do so well. Currently I have a few student loans and a $300 CL Mastercard. My credit score is 669 (Experian). I use the Mastercard once a month to buy gas and then I pay it right off.

Ever since I started pondering building my score I've been looking at the United/Continental cards (Mileage Plus/Onepass plus). I travel a fair often to visit family and the miles accrual is worth it to me. What are my chances with my current situation? Any other advice?

Thanks!

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I would say wait until you have a year of history.     Income counts too, so if that is ok, good chance, IMO.  

[coldnmn]

This link may help in the future.   http://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/m-p/88458/message-uid/8...