Help with Credit

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

Okay I will look into that! 

As far as derogs I don't have anything negativly impacting my credit score. (I paid off one medical bill and it was removed a little while back)

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Also keep in mind your CC balances effect your scores greatly. You want to keep your reported balance (the statement balance is whats reported) below 10% of the limit, on one card, and the other should show $0 balance.

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Oh that's probably where I'm having a bit of trouble. I owe $350 on my current card. I'll have to pay that off this week. Thanks.

[Anonymous]

Just an update:

I paid my credit card off and my credit score (experian) is now 719!

I also applied for a 2nd C1 QS card and got a limit of $1000 which is awesome for me

Thanks for everyones help. 

[Anonymous]

You might want to start looking around for that 3rd card......with a 719 you should have plenty of options - try some prequal sites - DiscoverIt is good.  I also amazingly got and AMEX blue everyday card (my highest limit) and my score is No Where Near yours.   (Depending on where you are pulling scores - is that a FICO score or a FAKO score?)

The other card I was able to get was Chase Freedom........And Chase also has an auto loan of mine - they gave it to me back when I had HORRIBLE credit - and my rate is nothing close to double digits...... (I think it's at 6%)

Good Luck!

[Anonymous]

Thank you! How soon should I apply for the 3rd card? I just applied today for my 2nd card.

I'm not sure if it's FACO or FICO. I use Experian. :\

Also, my next goal is to refinance my car once I've made my 6th on time payment (I have a horrible interest rate of 24%) I'll look into Chase. Thanks!!

[Anonymous]

Do it now.....I applied for 4 cards in 2 weeks - and then the last one about a month and 1/2 later......

hit up the prequal sites and see if you get anything good so you don't waste the HP.  I appllied in this order - scores were around 603-620 at the time. I didn't think about HPs when I did it or I would have done it a little differently - but it stll worked out ok - I just have an extra hit that I wouldn't have had to take.

1.   DiscoverIt - End of August

2.   Cap One Quicksilver 1 - same day.

3.   Cap One Platinum - a few days later   - should have tried on same day to get only 1 HP - oh well...

4.   Chase Freedom - about a week later - was on a whim to see if I could get back in with Chase

5.   Amex Blue Everyday (highest limit)  - was last week and my score was 661 and they pulled Experian.  I don't even have the card yet -but am really excited about it -because I finally have a card that I can carry a balance on and not use up my entire 10% Util!   

Hope that helps.......

[Anonymous]

Alright, just got the AMEX EBP at $2000.

Thanks so much for your help. Can't wait to check in a few months from now with an update.