I'm new here, these are my details, have any recommendations for improvement / repair?

[mr_cohen]

hello evreyone my name is Moti Cohen.

I'm new to the United States since September
I started to build my credit that I realized how important it is, I'm going on while the stuff in the community and act according to it. I wanted to register and join the community that there are people here who really understand The Credit.

here my Accounts:

bank:

capital one secured credit card - 651 (10/13)
discover it card secured- 400 ( 03/14 )

stores ( shopping cart trick ext fingerhut ) :

Buckle -  500 ( 03/14 )
Jessica London  - 750 (03/14)
Roamans  -  750 (03/14)
Woman within  -  750 (03/14)
loft  -  750 (03/14)
Coldwater creek  -  1000 (03/14)
Blair  -  500 (03/14)
King Size Direct  -  750 (03/14)
one stop plus  -  750 (03/14)
Brylane home  -  500 (03/14)
solutions - 500 (03/14)
goldviolin - 500 (03/14)
express  -  250 (03/14)
fingerhut - 400 ( 03/14)

total credit: 9,701.

hard INQUIRIES :

TransUnion - 12
Experian - 17
Equifax - 13

credit score:

TransUnion - 677
Experian - 684
Equifax - 662

my oldest account - 0.5 month

Averag. because i have alot new so now is 0.


and i'm waiting for AMEX Green card rec.

tell me what do you thinks and how to build the credit smart.

thanks

[myjourney]

Welcome to the forum 

You have enough new TL's to build scores and a good profile but way to many INQ's 

Stop now pay your bills on time no apps for the next 8-12 months 

Kepp UTL low and you'll be on your way to a solid credit profile

[mr_cohen]

hi ,

yes i Kepp UTL low - my balance fo all the accounts is - 72.13$

[myjourney]

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@mr_cohen wrote:

hi ,

yes i Kepp UTL low - my balance fo all the accounts is - 72.13$

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Perfect 

Keep up the good work 

[user5387]

I would not apply for any more cards at all, and also think about whether you wish to keep track of all these cards for the long term.  If not, then you might wish to close some of them.

One problem with lots of cards is that they can be hard to manage, and you have to worry about things like fraudulent use.  If a card is used without your knowledge, and the charge on it ultimately turns into a late payment, then your credit can be wrecked.

If a report is reviewed by an underwriter, and the report has a large number of recent accounts, then it may appear as though the person is desperate for credit or is panicking.

[mr_cohen]

i can manage all of this card , but with this amount of card after one year its going to look like i have stronge credit?

[user5387]

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@mr_cohen wrote:

i can manage all of this card , but with this amount of card after one year its going to look like i have stronge credit?

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Not necessarily.  It's not primarily the number of cards you have, but other factors.  You don't need more than around three cards to optimize your scores and qualify for mortgages and so on.

Applying for lots of new cards in a short time can be a major liability, with many lenders quite wary of people who do this.

[mr_cohen]

ok i understand

[mr_cohen]

ok  , stop app for 1 year , keep the UTL low.

i want to stay with this amount of card beacuse 1 year from now the Probably increase my credit lines

so its going to look good. 16 card with good limits and 1 year of a average age of account.

There are any more suggestions ?

[milkshakes]

no new suggestions here, but wanted to reinforce what others said:

-keep util low (under 10%).

-don't apply for anymore cards or get more inquiries (need to wait for them to fall off).

-your cards will look much better 5 years down the line when your AAoA increases. this will be hard because as your credit increases, you will be tempted to get more cards, which will in turn lower your AAoA (average age of accounts).

-keep in mind that some credit line increase (CLI) will require a hard inquiry. since you already have so many, try to avoid these for time being. hopefully you'll get some auto CLI's.

what credit card companies look at that your credit cards can affect:

-utilization (<10% is ideal between ALL OF YOUR CARDS. this is why having a few cards with high limits = many cards with low).

-payment history (make sure you make your payments)

-Average age of accounts (AAoA)

-new credit (how many inquiries)

-types of credit (not relevant regarding CC)

there's a ton of information in the general credit section of the forums. you should go there if you'd like to read and learn more.