@Anonymous wrote:Hey Guys
So I could need some adivse about what to do next. I am still kinda new to Credit Cards.
my FICO score is 703
yearly income 72k
Discover it Card 1800 Limit
Capital One Platinum 400 Limit
BoA Secured "8 months old" 300 Limit
I use all 3 of those cards each month and stay below 20% of their limits and pay it off in full after the closing date. I know this is not enough to keep improving my credirt score, so I am trying to figure out what else I could do. I think this fall I will apply for a Barclays Apple card to buy a new Macbook Pro and pay it off over 3-4 months. Will that help at all? I do not have a car loan as of right now, might be buying something new once my score improves a little.
Any Advice would be highly appreciated
1. In maintaining your 3 cards, have 2 cards report a zero balance when the statement cuts, with the 3rd card reporting a small (sub-10%) balance.
2. The Apple card won't help you.
3. You can take out a small share secured loan with Alliant Credit Union, which will help your scores: Join Alliant Credit Union, take out a $500+ savings account, take out a $500 share secured loan secured by the savings account with a 48 or 60 month term, decline or cancel autopay, transfer $455 from the savings account towards the loan balance bringing the balance down to $45. Pay that off slowly over the balance of the term. Once the $45 balance reports the positive effects will be felt. On the downside, you will be getting a new account, which has a slightly negative effect on your scores.
