Hi all. I have current TU 575 and equifax 613. My score was 573 eq and 552 tu on 8-20-10. I have to boa cc that I was offered a program to change balance from credit card to other type of account were i pay down balance in 5 years. Ive been paying that without problem for 1.5 years. I had a 60 and 30 day late 1.5 years ago on that. I also have 60k in total student loans. 20k will be getting paid down this april from army payback. i have 1 usaa cc with 10k limit at 7k now. I also closed my hsbc cc cause it was a hassle so i just paid that off. i have a matress company that i paid off on my credit that reports positive. Ive never been late with the usaa. Im trying to get my credit up to buy a house. I have good income of around 90k a year. Have 8k in savings. So I thought if I accepted the cap one maybe it would look better for my credit cause it would lower my utilization %. I plan to carry very low balance on that and use it just to boost my credit. Is that a good Idea? It already shows as a inquiry on my report. What will it do to my credit in short/med term if when they mail me that cc I activate it? Thanks for any ideas on what to do.
Starting Score: EQ 583 TU04 619 EX 592 (lender pull) 2010