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alexismae wrote:Hi,I read alot of the myfico.com forum discussions, but have not yet seen an answer to one of my other questions.. Which strategy is best when trying to rebuild your credit. I currently have a little over 5K left in collections that I am currently paying off with monthly payments (i pay more if my budget allows me). My scores are as follow: TU - 603, EQ - 562 and EX-614.Here is my breakdown:total accounts: 8open accounts: 3 (1 is identity theft which i have disputed and reported)closed accounts: 5 (2 are identity theft which i have disputed and reported)delinquent: 1 (not sure, but i think this is referring to a closed account that is an identity theft account)derog: 5 ( 1 is not mine, 1 i am still currently paying, and 2 showing as paid, 1 i paid, but still showing derog)inqueries: 11 (i had bought a car, and all the places the dealershiped tried to get me a loan all showed up), however 3 are from identity theft which i have disputed and reported)My question, at what time is it good to begin opening CCs? After I pay off my debt completely or while i'm paying off my debt? Or can any one help me create a plan of action for myself to follow. My goal is to of course get a score above 700. I will have $1000 saved by the end of this year and plan to save $1000 each year from now on.I appreciate everyone's help and sympathy!!Thanks!Alexis