Posts: 14
Registered: ‎05-06-2009
Re: Advice for young person (re)building credit?

Thanks for all of the advice! Even though I will probably take a hit because of the AAoA - my util will be much lower. Also, because I have so few accounts reporting, I am going to take a big hit on the AAoA. Once I am more established, opening new accounts wouldn't hurt so badly.


Because my #1 goal right now was to increase my credit limit, I decided to go ahead and app the NFCU platinum Visa. I was not approved instantly, so I guess I'll have to sit back and wait to see what happens. Assuming I am approved with a decent limit, I'll sit back for another year or two and consider my options.


Thanks again to everyone for all of the help!