So here I am. I finally have my student loans under control. Im in the beginning of my rebuild and I would like some advice on what I should do and how I should do it.
I make about 38k a year
Installment Loans
CAR 13.5K PAID ON TIME SINCE 2015
CAR 16K PAID ON TIME
PERSONAL LOAN 6K HAS HAD A FEW 30 DAY LATES
All of those are at around 6% interest
Credit Cards
Fingerhut 300 limit Currently at 220 available (bought something to make small payments and hope for an increase) Its relatively new...2 months
Capital One Secured 200 limit, currently at 200 available. I have had this for around a year, and up until a few months ago has always been close to 100 percent utilization. Im now going to keep this one at 0% UTI.
Student Loans
15 Different Student Loans, all where rehabbed in November. All had multiple late payments of varying degrees. All are with new service, and our being paid on item. They will also be going into deferrement soon since I am back in school.
I have one collection account for a 90 dollar medical bill.
No bankruptcies, no charge offs. Scores are currently FAKOS of 589- 599 with my Utlization finally down.
I am currently applying with a Credit Union through my job for refinancing the cars and loan as well as a third credit card.
I need some advice on what to do next. Do I need a third credit card? If I just keep my one card at around 30% UTI will my scores go up, or stay about the same each month? Basically if nothing changes each month aside from the payments on my loans, will my credit scores stay the same or does consistent low UTI give further bumps?
