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ADVICE

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enragedjerry
Contributor

ADVICE

so I just got my secured cc from Capital One, I have a credit limit of 50 dollars for now, I plan to increase it in the near future for now I just want to fix my credit, what are the steps to take to begin rebuilding my credit? thank you  forum.....

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TU: 613 3/6/2011
GOAL: 700
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1 REPLY 1
llecs
Moderator Emeritus

Re: ADVICE

Aside from going after the bad stuff (What Steps Do I Take ), just keep using the card at a minimum of every 3-4 months just to keep it active. For max points, make sure that $4 or less reports, though this doesn't matter as much if it is your only CC. Util becomes more sensitive when you have a solid mix of 3-4 CCs. FICO doesn't really reward you for paying on time but the age of the TL will come into play as it ages and mix is important too if this is your first. I'd buy a pack of gum every 3 months and PIF.

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