No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
My question is what can I do before hand to try to offset a drop in my score. Half of my accts will fall off by dec 2016 according to EX. One in a year. These are long standing accounts and only one has a derog. Also, several make up a decent credit mix. One is a mortgage. One is an auto loan. I have no desire for a mortage at this time, and unless my car dies, I won't get an auto loan unless I have too. I am preparing for that but would prefer not to.
It look like, and correct me if I'm wrong.....AA0A is about 25% of scoring, and credit mix is 10% I know I can't do anything about AAoA and the credit mix I could. Should I take out a small loan to repay now, etc. I guess I don't have any ideas off hand I don't want a ton of cards. I would like to build credit, but NOT get in over my head. My ideal would be 750 range but I'd be happy with staying where I am now. I just dread the "you had a thin file," now all thats left is a couple sticky notes in there.
Thanks for any replies
edited........of the remaining half, three will remain until 2017 and 2018 approx 18 years, am hoping that helps
Hard to say, the way my family goes through vehicles im almost insured to have a some sort of car loan reporting forever
In your case if you really dont think you will get a new loan for a vehicle anytime soon, a new unsecured loan, even a nominal amount would look good. Maybe get one for 3k for 24 or 36 months and just take the loan money and use it to make the monthly loan payment.
Its lso hard to gauge how much your AAoA will affect your score without knowing how many other active lines you have open and for how long?
the mortage that is paid will drop off in one year 18 year history
the auto loan paid, will drop off in two years 17 year history
I have to correct my self two derogs......they will fall off in two years chase 20 year history and carecredit only 3 years
two other old accounts will be gone also in two years 15 year history and 10 years
accounts except the derogs were perfect.....hate to see em go........lol
So of the 11 accounts showing on EX Six will fall off in the next two years
That leaves only 5 accounts and three of them fall off in three and four years they are all old credit cards I closed but they all have 16 and 18 year historys
I had US Bank that used to show and I still bank with them, but my history that was very good got alittle toasted in BK.........only 1,000 with them but they got caught in the middle
I used to have so much more GREAT Stuff....had really good credit....now i have a very thin file Most of the
stuff was joint with ex hubby but seems like all the joint stuff except the mortage isn't showing anymore, and the authorized user
with him....just as well I suppose
I did just get a new card this week....Discover but unless I get over my fear of applying and some debt
I am going to be left with two credit cards and Les Schwab.
I can afford more debt, its just I like trying to save money more........lol
I've thought of the loan and using it to pay back, it is a great idea, I'll wait a couple of months and ask at both of my banks for the best offer
But any other ideas would certainly be appreciated.
I never know what the future holds with both of my cars....one is in fantastic shape, the other one is just sad...but they are long paid for and cheap to own
Saving for that car down payment is about the best I've been doing JUST in case
BTW The Fico score I got from US Bank thru EX is 736 classic v3 and all this information is what I got with the denial of credit card from them
I do love that score.......
opps make that 12 accounts.....us bank is there......it is a 24 year history........and it falls off in two years