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Hello,
first of all i need to thank everyone on this board for helping improve my score from the low 500's to the upper 600's over the last couple of years.
I'm just now starting to have most of my "bad accounts deleted off of my report"
I'm trying to decide what the next steps I should take to improve my credit even more.
My current Profile
Credit one $0 balance......$90.00 Fees Open since 5/2013
AMEX Charge $0.00 ( if i would of known it was a charge card i wouldn't of got the card) July 2014
Credit union cash line $400.00 Balance Limit $500 (paying off in full now) Opened May 2013
Credit union CC 1,800 Bal Limit 2,300 Jun 2014
Amazon $100.00 Bal 1,700 limit Jun 2014
Walmart $20.00 Bal $900 limit apr 2014
Lowes $0.00 $300 Limit jun 2014
Wells Fargo Secured
50.00 Bal Limit $300.00 May 2013\
Mazda Lease
I just started receiving a bunch of pre approvals from Chase and Bank of America
1) chase freedom 22.9 Apr no annual fee
2) Chase Slate 22.9 No Annual Fee
3) BOA Bank Americard 16.99 No annual fee ( but i really hate BOA)
4) Alaska Airlines 14.24 $75.00 annual fee.
What would you do in this situation??? I'm thinking about possibly buying a house in the next two or so years.
@bhenken08 wrote:Hello,
first of all i need to thank everyone on this board for helping improve my score from the low 500's to the upper 600's over the last couple of years.
I'm just now starting to have most of my "bad accounts deleted off of my report"
I'm trying to decide what the next steps I should take to improve my credit even more.
My current Profile
Credit one $0 balance......$90.00 Fees Open since 5/2013
AMEX Charge $0.00 ( if i would of known it was a charge card i wouldn't of got the card) July 2014
Credit union cash line $400.00 Balance Limit $500 (paying off in full now) Opened May 2013
Credit union CC 1,800 Bal Limit 2,300 Jun 2014
Amazon $100.00 Bal 1,700 limit Jun 2014
Walmart $20.00 Bal $900 limit apr 2014
Lowes $0.00 $300 Limit jun 2014
Wells Fargo Secured
50.00 Bal Limit $300.00 May 2013\
Mazda Lease
I just started receiving a bunch of pre approvals from Chase and Bank of America
1) chase freedom 22.9 Apr no annual fee
2) Chase Slate 22.9 No Annual Fee
3) BOA Bank Americard 16.99 No annual fee ( but i really hate BOA)
4) Alaska Airlines 14.24 $75.00 annual fee.
What would you do in this situation??? I'm thinking about possibly buying a house in the next two or so years.
I'd close credit one and pay off the cards with huge balances. I'd then assess what cards I'd benefit from most based on the pre-approvals listed. But keep in mind, pre- approvals are not set in stone and it will all come down to your entire credit profile.
If those cards are not a need and only want them because you are getting pre-equals, then I'd wait for most of the baddies to disappear from reports. Thats what I'd do if I were in your shoes.
Step 1: CLOSE Credit One ASAP!!! It'll be the BEST move you've ever made & SAVE you $90 in AF's.
Step 2: Stay in the Garden until all of your baddies have fallen off.
Step 3: Use the Chat Feature to request CLI's on your Walmart, Lowe's, & Amazon cards (these are sp's).
Thanks for all of the help!
I went ahead and pulled the trigger on the Slate. Approved $3200. I will do a balance transfer to take advantage of the 0%
I also hit the love button on the walmart and amazon. Walmart gave me $300 Amazon didnt give me anything (just had an Auto CLI not to long ago)
I havent tried lowes as i rarely use the card. ( i did just go spend a few bucks on things i would normaly spend cash on anyway) will PIF
Congrats on the Slate approval..
Congratulations on the Slate approval.
How old are your charge offs and collections? Work on your disputes now. You may be able to have some success, Don't just wait.
If you have preapprovals, go for it? Don't try to get the other Chase card though since you got one.
Once you have apped for the other preapproved solicitations, then garden.
With Wal Mart, in October do a CHAT and ask for $3000. Don't hit the cli button. With a $3200 Slate limit, you could see that increase without a problem.
That's my two cents worth.
My charge offs are all about 7 years old,
But the collection agency accounts are showing with diffrent dates (about two years newer).
My score is almost 700 as of now.