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09-03-2009 09:08 PM - edited 09-03-2009 09:12 PM
I understand that one part of Fico scoring comes from a good credit mix. In the future, like I think every one else here wants is to maximize their scores if possible. I wonder by the credit card mix I have what changes i should make in the future if any, here is what I currently have. If I keep the worst cards for a while I don't want to dump them then get hit hard latter on with a nasty score drop.
Best Buy Reward Zone MC Gold - Opened 01/08 starting CL 300.00 current CL 450.00 79 AF
Target Red Card Opened 06/09 CL 200.00
Exxon/Mobile Personal Card Opened 05/09 CL 200.00
Capitol One Platinum MC Opened 05/09 CL 200.00 39 AF enrolled in credit steps
ECP/Military Star Card Opened 07/01 Starting CL 500.00 Current CL 5,200.00
NFCU Rewards Visa Opened 08/09 CL 10,000.00
09-03-2009 09:18 PM
I understand that one part of Fico scoring comes from a good credit mix.
That credit mix includes revolving credit, installment loans, and mortgages.
7/09 TU-742 EQ- 779
8/09 TU-765 EQ- 783
CC interest free as of 8/09
Time can heal all wounds and a low FICO.
"Hello my name is Sandy and I'm a recovering crediholic".
09-03-2009 09:29 PM - edited 09-03-2009 09:31 PM
I guess I should have detailed my post a little I have a installment loan that that was never late and paid off and should report for another nine years the only thing I have never had is a mortgage and this is why I am working hard on my scores to maximize them for the best Interest rate when I try to buy my first house when I come back home from my deployment that won't be till sometime in 2012 hopefully. I guess I just want to focus on my cards for them i.e.. The low limits high apr etc.. Should I Dump some later on and try for the so called prime cards later on etc.. Thanks marinevietvet for you post
09-03-2009 11:45 PM
09-04-2009 03:06 AM
I would suggest dumping the best buy card, or at least seeing if they will waive the AF. $79 a year fro a $450 CL is hardly worth it, IMO.
Agree with this.
09-04-2009 04:27 AM
09-04-2009 03:14 PM - last edited on 09-06-2009 07:14 AM by LilMirth
Bestbuy with a $79 AF for a credit line of $450. Dump that [Edited to remove profanity] in the trash. If I were you I wouldn't bother to open for that much CL and high AF..
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09-04-2009 06:51 PM
Yeah I know the AF to CL is not good AF's suck period but I had received a pre approval offer in 01/08 and was approved the only other card I had at the time was my military star card and it was only 500.00 so I did not have a visa or MC at the time, and my scores were horrible. Well since improving my credit I have the other cards now all low limits except my new NFCU card biggest CL I have ever had in my life. I just wondered about my cards because I know prime are different then CU cards with the way fico scores. All my credit reports say is that I have cards with low limits so that is hurting me and lenders look at them and won't extend good CL's and I think my capone card if I do get two credit step increases will not get any bigger then 750.00. The gas card and target card probable won't grow either. Just want to shoot for a good mix.