Rebuilding Your Credit

[ladyvg270]

I need advice I paid all my credit cards off. I have 4 store cards 2 Visa credit union cards, 1 best buy master card, 2 capital one cards two gas cards no visa or mastercard logo. My highest credit line is Bank of America that's 2000. I'm trying to get a higher cli on all or most of the cards. My store cards are Jcp 200 cl, Macy 1400 cl, old navy 200 cl, target 200 cl. I don't want another store card. Can someone tell me the names of GREAT credit cards I can apply for once everything update on my reports? I want 4 major credit cards and I'm done. Also, should I try to get the cards I have already limits raised before I apply for new credit or should I wait until I get the new cards? Thanks

S/n I have one paid medical bill judgement (4yrs old).

[RobertEG]

If you want an additional bank card for flexibility in spending, then it makes sense.

However, with three bank cards, you are unlikely to improve mix of credti by addition of a fourth.

The primary factor I would consider before applying for a new bank card or seeking CLIs is the liklihood of approval.

What is your current score? 

If score is iffy, then I would first concentrate on score improvement.  Is the judgment paid?  If not, that alone could result in denail, regardless of score.

Keeping % util on existing cards low will give the same current score improvement in util of credit without need for higher CLs or an additional CL on a new card.

Once you are confident that your score and any manual review of derogs in your CR are likely to obtain approval, that is when I would seek more credit.

Personally, I would seek higher CLs rather than an additional card.

[ladyvg270]

I dont want an additional bank card I want a chase, american express, discover (Visa, Mastercards) etc. My judgement is paid off. I do not owe anything on none of my credit cards I just paid everything to zero balance and I ha e never been late on anything. I found out I had a judgement when I pulled my credit report one day. It was a medical bill same day I paid that off. It states that it is paid on my credit report. Sense I just paid off everything to zero I velieve I have to wait atleast 30 days for everything to report to the 3 credit bureaus. So at this time I dont know what my score is.