Moderator Emeritus
Posts: 7,970
Registered: ‎12-19-2007
Re: Is this a good idea?

Michelle27 wrote:
Wow i didnt know that, how did you figure that? well what if i charge 1 collection to my credit card, then immediately pay the credit card off and just do it 1 at a time, would that be better? no i dont need to apply for anything i was lucky to get the BoA 99/500 card.

450/500=.90 (90%). If you do that one at time thing, make sure you pay off MOST of the balance BEFORE the statement cuts and then pay off the balance in by the due date. This will help your scores to go up, as opposed to down. Then lather, rinse, repeat for the remaining ones.
Do what is true in spite of the consequences--your future is only as true as you are.