topic Re: Which card to get in Credit Cards

Which card to get

gtnitright — Fri, 23 Aug 2013 22:44:31 GMT

Hi forum family!! I need some help with raising my score with TransUnion (674) and Experian (665). Who do you think I have a chance at getting a cc with. I only have one baddie on both CRs at the time. I plan to pay it off next month.. I just posted that my Equfax (690-I'm so exited) and I want these scores to catch up. I'm ready for all credit reports to read... 700+

Re: Which card to get

09Lexie — Fri, 23 Aug 2013 23:02:18 GMT

@MsPrissy47 wrote:
Hi forum family!! I need some help with raising my score with TransUnion (674) and Experian (665). Who do you think I have a chance at getting a cc with. I only have one baddie on both CRs at the time. I plan to pay it off next month.. I just posted that my Equfax (690-I'm so exited) and I want these scores to catch up. I'm ready for all credit reports to read... 700+

Applying for a new card will temp ding your score. The baddie you are paying off, is that a PFD? Also, what is your util and AAOA?

Re: Which card to get

gtnitright — Sat, 24 Aug 2013 02:22:54 GMT

Currently my total uti is 48% for 2 TLs.. Discover - $54/300 limit and $436/700 limit. I will be paying these down next month as well.

Re: Which card to get

09Lexie — Sat, 24 Aug 2013 02:46:43 GMT

Paying your cc's down will help your score. Are you getting a PFD?

Re: Which card to get

SnackTrader — Sat, 24 Aug 2013 14:41:51 GMT

Wait on any applications until you get your balances down and they report lower to the credit bureaus, IMO.

Re: Which card to get

zerobacan — Sat, 24 Aug 2013 14:49:48 GMT

@MsPrissy47 wrote:
Currently my total uti is 48% for 2 TLs.. Discover - $54/300 limit and $436/700 limit. I will be paying these down next month as well.

Discover 300 cl, is that ones of those Matrix Discover?

You will need to pay one card to 0 and leave a 10 dollar balance in the other one. that will give you a 1% utility that maximize your FICO.

you will need to wait until both report this balance to the CRA. it is ussualy 3 or 4 days after your due date. EX reports it first then EQ a day later and TU 2 days later

Re: Which card to get

Swapmeet — Sat, 24 Aug 2013 14:53:55 GMT

@SnackTrader wrote:
Wait on any applications until you get your balances down and they report lower to the credit bureaus, IMO.

This man is right. 48% utilization is high to be applying for new credit.