turninganewleaf wrote:Hey fellow "fico-ers",Okay, so I've been reading MANY postings on this site and when some things start to make sense, the next I read something different... I just need some direction...My situation:PRE-FICO FORUM:For a year now, I have had a car loan and a Chevron CC ($300 CL). Both paid on time each month and CC PIF each month, have never maxed out CC. Was given an auto $100 CLI by Chevron at one-year anniv.POST FICO FORUM:Since this site, I have disputed several negative items and have had them removed from all 3 CR's.Remaining baddie is a Cap1 CC charge-off with lates and exceeding CL (default date: April 2004). After 3 mos of regular payments, my balance is now $514.00 which I'll pay in full first of October. This is the only account labeled "derog" on all 3 FAKO reports.The only other baddies IMO on all 3 FAKO reports is inquries (8, 8, 10) and a BofA which shows lates (150 two yrs ago to current today). This balance will be paid in full in DecemberAs of 9/5/07, FICO's 600 (EQ), 588 (EXP), 588 (TU). Believing I needed to establish some more positive credit HX and increase TL's, in the past week, I applied for and was approved for Target RedCard ($200), Orchard Bank MC ($300) and AMEX Delta Gold ($1000). I know I'll take inquiry hits for these...Have I done the right thing? What should I do at this point? Should I not activate the Orchard Acct? Wait and see if Target will give me a CLI or upgrade to Visa? Ask to be converted to AMEX Blue or BlueCash? Please help!My goal is to raise my FICO's so that I can purchase a home in the near future. Thanks!!!!
orhippychic wrote:one thing i would suggest is that you PFD the cap 1 account. since you are planning to pay in full already you can just negotiate to have it removed. i don't know how receptive they are to that sort of thing, but it can't hurt to try since you're going to pay it anyway.