I really want to get rid of my Credit One Card soon, just afraid to do it because it's my oldest credit line. I opened it in 08. I currently have high utilization on that card only. I plan to pay the balance in full at the end of the month. My overall utilization is 22%. I highly use my Capital one cards and only let it report less than 5% when statement cuts. I have 3 collections on my reports: AT&T open since 2013 with ERC, old HSBC acct with Calvary Portfolio open since 2012, and Continental Finance with Federal Pacific open since 2014. The Continental Finance collection is frustrating because the balance keeps updating. I want to apply for Discover IT or better card to replace Credit One. Should I pay Credit One in full & pay off all of the collections to get them deleted or updated as paid in full before I apply for a different card? My scores are decent now from where I started. All of my cards and car loan are in good standing and reported as never late, except for Credit One. I was between jobs and it's reporting as 150 day late from 2012. I really want to get my scores boosted as well. Any advice would be greatly appreciated in which direction I should go.
Capital One QS $8,000| Credit one $3,150| Capital One Secured $500| Barclay View $6,250| Amazon Chase $2,700| Discover It $12,100| AMEX Everyday Preferred $15,000| Wells Fargo Active Cash $7,500| AMEX Blue Cash Preferred $17,900| Apple Card $4,000| Best Buy Visa $5,000| Citi Custom Cash $6,500| Chase Sapphire Preferred $9,500|Chase Unlimited Freedom $9100
