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Im going to get to the point. I have a low credit score of 562. How I found out? I tried to apply for a Chase Mileageplus Credit card. Got denied.
My question is... How can improve my credit score? I'm assuming I'd have to apply for another credit card and start using it and making payments in full and on time.
But how can I apply for another credit care..if I keep on gettin denied?
I still have a debt of 1000 to one credit card and just paid off the rest of my debt on another. I have a steady job and can pay off the rest of my debt asap.
Any advice would be great.
Thanks for your time.
@iammrhappy wrote:Im going to get to the point. I have a low credit score of 562. How I found out? I tried to apply for a Chase Mileageplus Credit card. Got denied.
My question is... How can improve my credit score? I'm assuming I'd have to apply for another credit card and start using it and making payments in full and on time.
But how can I apply for another credit care..if I keep on gettin denied?
I still have a debt of 1000 to one credit card and just paid off the rest of my debt on another. I have a steady job and can pay off the rest of my debt asap.
Any advice would be great.
Thanks for your time.
We need more info how many cards do you have, limits, balances, other TL's, AAoA? etc
Thanks for replying.
As of right now. I don't have any credit accounts open.
I just own a balance of 1000 to one credit card account that went into collections. I don't remember what the name of the agency..but I can find out and pay it off in full by this month.
And I have another account that was closed through Chase. I just paid that debt off in full..today.
Im sorry, but i Don't know what TL's or AAoA's are.
Thanks for the reply.
@iammrhappy wrote:Thanks for replying.
As of right now. I don't have any credit accounts open.
I just own a balance of 1000 to one credit card account that went into collections. I don't remember what the name of the agency..but I can find out and pay it off in full by this month.
And I have another account that was closed through Chase. I just paid that debt off in full..today.
Im sorry, but i Don't know what TL's or AAoA's are.
Thanks for the reply.
Ok don't pay anymore off unless they are willing to do a PFD
PFD=pay for delete
Meaning they will remove the baddie from your CR
CR=credit report
AAoA= average age of accounts
TL=tradelines
2 things to help you
(1) post all your info about closed, collection etc etc in rebuilding forum for better results and answers
(2) dont apply for anymore unsecured cards and instead try to get a secured cards and build some history for about 6 months
Try sdfcu for a great secured card
Good luck
k
@iammrhappy wrote:Thanks for replying.
As of right now. I don't have any credit accounts open.
I just own a balance of 1000 to one credit card account that went into collections. I don't remember what the name of the agency..but I can find out and pay it off in full by this month.
And I have another account that was closed through Chase. I just paid that debt off in full..today.
Im sorry, but i Don't know what TL's or AAoA's are.
Thanks for the reply.
For sure pay them off, but know that as far as score goes, a collection is a collection, paid or not. You have a very long road ahead of you. Most likely secured card if you can get one, after the others are paid off. Do not go just applying for cards, you will just waste inquiries.