topic Re: 2 Credit Cards really needed? in Credit Cards

2 Credit Cards really needed?

denver133 — Wed, 30 Oct 2013 02:30:05 GMT

Here is what I have thats positive on my report:

US Bank Secured - $3,000. 1-Year anniversary in December. Never late

Chase Auto Loan - $37K start. Under $20k left and ahead on payments

Sallie Mae Student Loan - Current and paying

NelNet Student Loan - Current and paying

NelNet Student Loan - Current and Paying

Scores below are as of today but I will see a boost at the end of the week. Will a 2nd card really be beneficial for me?

My plan is to send in another $2K next week to put my secured card at $5k till December when I call to try and get a PC on that card on the 12 month mark. If I do get the PC, that would put me with one card at a $5k CL. I am holding out to app for the Hyatt card from Chase when I get closer to 700. Thoughts?

Re: 2 Credit Cards really needed?

newmomnewme — Wed, 30 Oct 2013 02:40:25 GMT

Credit card board might be able to offer more advice on which one to get, but I do think you should get one more. Maybe a store card to boost your util?

Re: 2 Credit Cards really needed?

09Lexie — Wed, 30 Oct 2013 03:07:10 GMT

You've listed the positive but what's the negatives holding your CS down?

Re: 2 Credit Cards really needed?

denver133 — Wed, 30 Oct 2013 03:14:02 GMT

Here is what is still holding me back.

This list shows the latest action. Been working on these accounts since Feb 2013. Had a collection from City of San Diego that has

OneMain Financial - Unpaid balance of $4,791. DOFD 5/12. PFD 10/10/13 Still no response from them on any letters I have sent them. Might try a DV.

Chase Auto - 4 30 lates and 1 60 day late. GW 10/28/13

Sallie Mae - Was 180 days late but now current.GW 10/28/13

Amazon Card - C/O $0 balance - DOFD 4/12. GW 10/28/13

Shell/Citi - C/O $0 balance - DOFD 4/12. GW 10/28/13

Cap1/Best Buy - C/O $0 balance - DOFD 4/12 EO Office Response 10/28/13

Cap1 Card #1 - C/O $0.00 Balance - DOFD 4/12 EO Office Response 10/28/13

Cap1 CC #2 - C/O $0 balance - DOFD 4/12 EO Office Response 10/28/13

Cap1 CC #3 - C/O $0 balance - DOFD 4/12 EO Office Response 10/28/13

Cap1 CC #4 - C/O $0 balance - DOFD 4/12 EO Office Response 10/28/13

Re: 2 Credit Cards really needed?

09Lexie — Wed, 30 Oct 2013 05:41:01 GMT

Yes a second card would give you a better mix. IMO, I would wait until you get some responses back from your letters. If you are successful, the advice will be different. If unsuccessful, I would go with BoA or SDFCU for secured cc's. If you want to pick up a store card, just try the shopping cart trick. You dint need a bunch of cards, just one more.