Credit Card Center Advertiser Disclosure

New Member
Posts: 1
Registered: ‎08-28-2007
0 Kudos

Hello, all I am new so please bare with me. I hope I am i...

Hello, all I am new so please bare with me. I hope I am in the right thread! I have a couple of questions. I have very low credit score in low 500's, and I am looking to build it back up! I know it takes time. I have a pretty good mix of credit I have a mortgage, student loans (in deferment), auto loan, and one orchard bank cc. My first question is I know how important revolving credit is, should I apply for another cc (i was thinking of secured card through BofA) to help out my score (of course along with keeping low balance and pif) would two cc be better than one? Second question is I got an auto loan at very high intrest rate 18.99% in March. My student loan is giving much lower rate of 6.8 and no intrest while in school. I was thinking will it be better for my score just to continue to make on time payments or would it matter if I pay it in full? The third question is I have some baddies on report will be able to start to pay off next year. will the 7 years start over once I pay them?

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.