Reply
Frequent Contributor
shorrttyycm1
Posts: 392
Registered: ‎03-29-2011

What to do....what to do???

Was hoping to get some advice on my current lines. Here's the problem, i was hoping to have all of my current cards reporting at least 5k credit lines or more. Idk y that number, just seemed the # to be ;-)

Anyway, i have the following:
Cap one 5k...just got this increased from 1500. through eo
Nav Plat 5k
NavChk 12k...got this increased from 500.
orchard 520..stuck
merrick 300 stuck

I question is this, what can i do to get the orchard increased? Cap one eo suggested that i contact them but ik it will be 100 if anything. And merrick won't even entertain any conversations that include credit limit :-(. Are these tradelines destine to be duds? My credit is so much better now then when i got these and they both have AFs but they are also my oldest trade lines. At one time i thought i would just close them and that's that but@ i only have the four. Statsa are:
Utilization 0%
no baddies lil over 2 yrs. (but was a biggie..bk7)
scores ranging from 669-672

Any thoughts on getting this 2 up to par? I dnt nd the increases and def dnt want any new cards but am loving the game ;-)

Starting Score: 530
3-2013Score: TU 680 EQ 683 EXP 679 FAKO
Current Score (lender pull): TU 693 EQ 649 EXP 699 Lender Pull
Goal Score: 700


Take the FICO Fitness Challenge
Contributor
Stephen_Dashman
Posts: 96
Registered: ‎12-04-2012

Re: What to do....what to do???

I would personally probably close the Merrick unless you like using it for small purchases and probably hold onto the Orchard to maybe get at least a small CLI maybe once in awhile. At least you'd have one of your two oldest tradelines left if you still kept the Orchard, but that's just my advice.

EX 689 (Credit.com 5/14) | EQ 678 (DCU 5/14) | TU 700 (Walmart 6/14)

Walmart Discover 4000 | DCU Visa Platinum 3200 | BofA BB Rewards 3000 | AMEX BCE 3000 | Affinity Plus Visa Rewards 3000 | Capital One Cash Rewards 1500 | NTB Card 700


Frequent Contributor
shorrttyycm1
Posts: 392
Registered: ‎03-29-2011

Re: What to do....what to do???

Thanks for the advice. Ik its prob time to close merrick but, just as i started to call they up and give us a free tu08 fico monthly...go score. I'm always close to limit after like 2 charges then i have to pif again. I sock drawered it and only use it occasionally for activity.

Starting Score: 530
3-2013Score: TU 680 EQ 683 EXP 679 FAKO
Current Score (lender pull): TU 693 EQ 649 EXP 699 Lender Pull
Goal Score: 700


Take the FICO Fitness Challenge
Senior Contributor
Open123
Posts: 3,934
Registered: ‎02-23-2011

Re: What to do....what to do???

Why not just close the Orchard and Merrick?

Frequent Contributor
shorrttyycm1
Posts: 392
Registered: ‎03-29-2011

Re: What to do....what to do???

I thought about that but they are my 2 oldest accounts. That's gotta hurt in some way right? I thought it either hurts your AAoA or because they are oldest or because i will be down to only 2 cards????

Starting Score: 530
3-2013Score: TU 680 EQ 683 EXP 679 FAKO
Current Score (lender pull): TU 693 EQ 649 EXP 699 Lender Pull
Goal Score: 700


Take the FICO Fitness Challenge
Senior Contributor
Open123
Posts: 3,934
Registered: ‎02-23-2011

Re: What to do....what to do???


shorrttyycm1 wrote:
I thought about that but they are my 2 oldest accounts. That's gotta hurt in some way right? I thought it either hurts your AAoA or because they are oldest or because i will be down to only 2 cards????

How much older are they?  Do you pay an annual fee on them?

 

Even when closed, it'll count towards your AAOA for 10 years.  I'd imagine, 10 years from now, the history falling off would be inconsequential to your AAOA.

Frequent Contributor
shorrttyycm1
Posts: 392
Registered: ‎03-29-2011

Re: What to do....what to do???

They are about 3-4 mnths older. Sometime late this yr i am planning on apping for mortgage and i think they want to see 3-4 open revolving lines

Starting Score: 530
3-2013Score: TU 680 EQ 683 EXP 679 FAKO
Current Score (lender pull): TU 693 EQ 649 EXP 699 Lender Pull
Goal Score: 700


Take the FICO Fitness Challenge
Frequent Contributor
shorrttyycm1
Posts: 392
Registered: ‎03-29-2011

Re: What to do....what to do???

Yea..both of them have annual fees. 29 orchard and 4.mnth merrick

Starting Score: 530
3-2013Score: TU 680 EQ 683 EXP 679 FAKO
Current Score (lender pull): TU 693 EQ 649 EXP 699 Lender Pull
Goal Score: 700


Take the FICO Fitness Challenge
Established Contributor
CruzImperial
Posts: 863
Registered: ‎07-04-2012

Re: What to do....what to do???

Since those are very tiny limits and your other cards are huge, I'd personally close them down. Anyone approving you in the future would be likely to grant you higher limits if you do imo
Fico Scores: . Walmart TU 748 . App free since Aug 2013 .

Cap One Journey 500 | Discover IT 1k | GE Home Design 5.6k | GE HHGREGG 5k | Amex Zync NPSL | Amex BCE 6k | Citi Forward 4.2k | Citi Dividend 3k | GE BrandsMart 1k | GE Lowes 8.5k | Discover Walmart 6k | Barclays Apple 2.5k | BoA CR 800 | CSP 7.2k
Frequent Contributor
shorrttyycm1
Posts: 392
Registered: ‎03-29-2011

Re: What to do....what to do???

Thanks! I thnk ur right. im not sure if the go score is worth the mnthly fee anyway.

Starting Score: 530
3-2013Score: TU 680 EQ 683 EXP 679 FAKO
Current Score (lender pull): TU 693 EQ 649 EXP 699 Lender Pull
Goal Score: 700


Take the FICO Fitness Challenge

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+