I don't know if I should try and get another credit card before I apply for my mortgage or not.
My credit use to be a mess. In the past 10 months I have taken it from 32 collections, 3 judgments, 2 tax leins and 2 student loans in default to...... Nothing negative.
I currently have 1 student loan reporting (all good)
VISA with $1000 limit and 7% balance reporting on EQ and EX
Victoria Secret $350 reporting for 1 month on all three with $2 balance
3 closed paid Student Loans with no negatives
I am financing through my credit union who has also issued my VISA.
My AAoA is 6.9yrs My oldest account is 19 years (paid off student loan)
The house I am buying is one I have lived in for the past 13 years (my parents financed for me but I would like to get in my name now)
It is valued at $165,000 and I owe $95,000 on it
I will be going conventional and putting $5000 down and rolling all closing cost back in the loan
I make $42,000 a year and will be financing it with my soon-to-be husband who makes $33,000 a year - so we make $75,000 a year. His credit is perfect with nothing negative but does have high utilization on 3 of his 4 credit cards - we are working on paying that down.
The problem is I know my credit file is very very thin. I have a few inquires (TU - 2 both from Walmart - got denied as I still had negatives at time of applying). EX - 3 - all from my credit union, and EQ 2 - one from Kohls that will be a year old in May and one from a store that ran my report last week for cashing a check!!! )
Should I app for a credit card? Thinking maybe Discover IT or a Chase card. Not sure of my scores right now. Waiting for a Score Alert. I was at 661 with EQ, EX 682 and TU 669 - but all of these were before the judgment and last 2 collections were removed and before my VISA limit increased to $1000 from $500. I am sure I am going to be rebucketed so I have no clue of what to expect with my scores.
