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Next steps... Open, Close, Other?

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treefrogger
New Contributor

Next steps... Open, Close, Other?

What should I do to try to get my scores up?  Should I attempt to add another NFCU card with a similar limit?  Close the FIA?  Close the Walmart?  Leave everything alone?  Does having a store card really have a big impact?  I can't seem to break 700.

 

Here's the list of my current credit accounts

 

FIA MasterCard - opened 10/2003 (0/2500)  - Recently CLI'd back to old limit after reduction to $500.  Notice of $59 annual fee...

Walmart Store Card - opened 5/2007 (80/1175)

AMEX P/W Gold - open 10/2010 (0 balance)

NFCU nRewards - open 10/2010 (0/10000)

Citi Diamond Preferred Rewards - open 10/2010 (58/5500)

 

recently closed:

Citi Plat. Select MC (500 limit)  - Should this be reopened?  They said I had 30 days to change my mind.  I thought closing a recently opened card would help AAoA, but that was before coming here...

Target Red Card - opened 5/2009 (200 limit)

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2 REPLIES 2
gijoe4500
Regular Contributor

Re: Next steps... Open, Close, Other?

Do you have any derogatory information on your credit report?  that could be holding you back.

Starting Score: MyFico TU: 621 EQ: 610
Current Score: Discover TU: 829 Discover EX: 827
Goal Score: 700's baby! (made it 4/10/2013!)
New Goal: 830!!
Message 2 of 3
mauve
Valued Contributor

Re: Next steps... Open, Close, Other?

Pay off one of those cards reporting a small balance, leave everything else alone.


Starting Score: EQ 583 TU04 619 EX 592 (lender pull) 2010
Previous High Score: EQ 700 TU04 712 EX 726
Current Score: EQ 740 TU(Discover) 750 EX(AMEX) 747
Goal Score: 740+ all around


Take the myFICO Fitness Challenge
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