OK....Can you all provide your advice on which option would be best for me.....to help increase my credit score.
Here is my situation
Bankruptcy Sept 2008
4 baddies
following in good standing
1 mortgage
Cap 1 500 (CL)
Hooters 1100 (CL)
Cap 1 (AU 1500)
Navy Fed Secured (CL 2400)
My dilema
I have $2000.... I was thinking I would take the money and place it on a CD at Navy Federal..then borrow against it for about a year. Or should I just add the money the the NFCU Secured Card I already have? I need to add more positive items to my report. My baddies were all included in my bankruptch and will fall off in 2012.
Any Advice?
Starting Score: 478
Seeing as you already have 4 *revolving* accounts, not sure adding another would help any? It would help with the DTI ratio, and utilization, but you may be able to get a CLI just by calling your CC's and asking. Better than another hard inquiry on your CR IMO 
Having a BK not too long ago, I think you will just end up having to wait it off ... Slowly, but surely, gaining ground as you go.
Sorry I couldn't help more