No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I have a Discover It and Cap1, both secured($200 CL each). Started rebuilding in July with scores in the high 400's, a dozen baddies and no credit whatsoever. Since then, I've EE'd some baddies, disputed others and had them disappear, and now I'm down to two baddies (totaling $170), both with the same CA... a CA that this board has said mulitple times will do PFDs. That said, I do also have a CO from Kohl's for almost $500 that I have NOT paid (trying to figure out if I should continue to ask for PFD, or just call and offer a settlement). So as it stands, my FiCO scores are between around 597-637. AAoA is 4 months. Debt Util is 3% monthly. So my question is, should I attempt to appy for a third credit card that is unsecured at this time, or just go pick up a third secured one? I know FICO likes three cards. I plan on appliying for a Cap1 unsecured card in a few months (either the Plat or QS) but that's a little ways off. Feel I shoud have a third card before that and continue my score improvement. Thoughts?
How long have your current CC been open?
also, this disscussion works very well for any rebuilding
@mysterythemoon wrote:I have a Discover It and Cap1, both secured($200 CL each). Started rebuilding in July with scores in the high 400's, a dozen baddies and no credit whatsoever. Since then, I've EE'd some baddies, disputed others and had them disappear, and now I'm down to two baddies (totaling $170), both with the same CA... a CA that this board has said mulitple times will do PFDs. That said, I do also have a CO from Kohl's for almost $500 that I have NOT paid (trying to figure out if I should continue to ask for PFD, or just call and offer a settlement). So as it stands, my FiCO scores are between around 597-637. AAoA is 4 months. Debt Util is 3% monthly. So my question is, should I attempt to appy for a third credit card that is unsecured at this time, or just go pick up a third secured one? I know FICO likes three cards. I plan on appliying for a Cap1 unsecured card in a few months (either the Plat or QS) but that's a little ways off. Feel I shoud have a third card before that and continue my score improvement. Thoughts?
If you are able to apply for Cap One platinum in a few months I would just sit tight until then - in the long run its not going to make a difference. The third card is really just to help with peaking your UTI portion of your scores, which does not have any memory, so adding it in now will not make any difference months from now.
@mysterythemoon wrote:
I've had my two credit cards for since July.
Then you should be able to app for Cap One unsecured in January.