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Regular Contributor
Posts: 198
Registered: ‎03-02-2012
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Unsecured and Secured to rebuild???

Would it be counterproductive to have an unsecured and secured card reporting while trying to rebuild? I currently have two low limit cards ($300CL each) and just got approved for NFCU nrewards unsecured visa (1000CL). I want to open the secured nrewards to add another card that I could make CL increases to until  the CL is 5000, if that makes any sense. Any suggestions/advice? Trying to get mortgage ready for first home 12/2013 

Starting EQ Fico: 536 (3/12)
Current EQ Fico: 649 (9/13)-lender pull
TU Fico: 684 (8/13) 711-lender pull 9/13
EX Fico: 646 (8/13) 655-lender pull 9/13
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Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
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Re: Unsecured and Secured to rebuild???


rm3 wrote:

Would it be counterproductive to have an unsecured and secured card reporting while trying to rebuild? I currently have two low limit cards ($300CL each) and just got approved for NFCU nrewards unsecured visa (1000CL). I want to open the secured nrewards to add another card that I could make CL increases to until  the CL is 5000, if that makes any sense. Any suggestions/advice? Trying to get mortgage ready for first home 12/2013 


I think it is a good plan. The high CL card can help get higher CL in the future.   And it helps tremendously with your utilization.  It will look good on your report in 14 months.

 

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