topic Re: Need some expert advise in Credit Cards

Need some expert advise

ineedcreditbad — Sat, 18 Aug 2007 22:00:16 GMT

Need some advise on credit cards. Currently I have 1 Orchard Secured 2000K, 1 Capital One 750, a car loan and school loan which is deffered. I want how can I get a card with a limit of 5K. I have never been late with my payments and not gone over my limit. The last I checked my score was between 660-690.

Any advise.

Thanks

Re: Need some expert advise

Anonymous — Sat, 18 Aug 2007 22:05:29 GMT

ineedcreditbad wrote:

Need some advise on credit cards. Currently I have 1 Orchard Secured 2000K, 1 Capital One 750, a car loan and school loan which is deffered. I want how can I get a card with a limit of 5K. I have never been late with my payments and not gone over my limit. The last I checked my score was between 660-690.

Any advise.

Thanks

Ed

Ok those scores may r may not get you the limit you want depending on a lot of factors. How much of your avail credit are you using? That can be a score killer. I would see if I can get down below 30 percent utilization if you are not already and recheck our scores. You may see a surprising bump.

How old are your cards? you usually also get a bump at the one year mark.

Re: Need some expert advise

ineedcreditbad — Sun, 19 Aug 2007 01:12:53 GMT

My Orchard is from 05 I currently have 1700 balance and Capital One is a new one and the balance is 250 balance. The student loans are deffered and lastly my car loan.

Re: Need some expert advise

Anonymous — Sun, 19 Aug 2007 01:31:54 GMT

Your first priority should be paying those balances down. If you can get them down below 10% of credit limits, you may well see a 20 to 30 point increase in your FICO right there.

Re: Need some expert advise

Anonymous — Sun, 19 Aug 2007 08:25:12 GMT

85% util on Orchard
33% util on Cap 1
71% util overall

What high balance is reporting on your Cap 1?

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&message.id=4120

Re: Need some expert advise

smallfry — Sun, 19 Aug 2007 17:51:24 GMT

Investigate the better credit unions.

Re: Need some expert advise

ineedcreditbad — Mon, 20 Aug 2007 03:35:46 GMT

Thanks for the info guys.