Re: Advice Please
10-07-2012 05:33 AM
Advice Please. Eight years ago both of my parents died within 8 months of each other. They had bought life insurance when they got married in 1946 and never updated it so there was about $3500 in insurance. I am an only child so I ended up with all of the hospital, nursing home and funeral bills, it killed me financially. I have just recently started to rebuild.
My current accounts:
Care Credit $100/$500 opened May 2011
Orchard/Cap 1 Mastercard $0/$400 opened Nov 2011
Kohl’s $0/$400 opened Feb 2012
Personal loan from One Main Financial $1000/$1500 opened June 2012
PayPal Smart Connect $0/$500 opened Aug 2012
Amex Green NPSL opened Aug 2012
MyFico EQ 674 MyFico TU 691 EX Fico 653 (Amex BCE denial)
One CO from 2006 on EX not on EQ or TU
One Judgment from 2008 that I just recently became aware of. Trying to get information from the court so I can try to get this vacated this because this is in a different state (NY) that I do not live in, the address listed for me in the lawsuit is someplace I have never lived (in NY) and I was never served.
No lates on any of my current accounts.
3 INQ TU 4 INQ EQ 6 INQ EX
Thinking of waiting until Jan and apping for Barclays Rewards, Discover More, BofA 123 rewards, and maybe BCE again.
Does this sound like a reasonable plan or should I try sooner or wait longer? Are there any other good cards to consider? I would rather have cash rewards or maybe points, don’t fly don’t need miles. I have a small fine art photography business and travel by car and would like to get a high enough CL at some point to upgrade some of my equipment.
Thanks in advance.
My sympathies go out to you. That was a tough situation and good for you for pulling yourself out of it.
+1 on attacking that judgement and getting it vacated. You were not properly notified.
Try a goodwill or pay for delete on the CO (but I would spend some time reading about these options on the board. There is great info from folks who have a much better idea than I of how to go about it)
Barclays is really inquiry sensitive-I apped with about the same amount and got turned down for inquiries. Stupid me didn't recon, but thats another story.
The idea of a CU is a great one....are you USAA/Navy eligible?
One last bit, that one Main Loan. The interest rates on those SUCK (ask me how I know). If you can, throw a little extra at it every month and get rid of it. Save yourself some money in the long run.
Score: 702 (Discover approval 08/03)
Goal: 800 Club
Picking up my intro spade and stepping in the garden. Let's grow some pretty roses!