topic Re: How AM I Doing?… in Rebuilding Your Credit

How AM I Doing?…

Ed6913 — Fri, 08 Sep 2023 13:01:28 GMT

Here's a list of what I got. Any suggestions on what to do. Close or keep open.

Credit One Wander- 2k limit 0$ balance

Ally Platinum - 1500$ Limit. 0$ Balance

Venture Cap1 (Auth User) - 600$ limit 0$ balance.

Mission Lane- 300$ limit 0$ Balance

Milestone - 300$ limit 209$ balance

Amazon Prime Store (Authorized user) - 300$ limit 0$ balance

2000$ credit union loan- just started

how am I doing?

Re: How AM I Doing?…

JoeRockhead — Fri, 08 Sep 2023 13:09:48 GMT

Looks like you're doing pretty well. I'd concentrate on getting that Milestone balance down but other than that keep up the good work. What are your Fico scores like right now and how new are these accounts?

Re: How AM I Doing?…

Ed6913 — Fri, 08 Sep 2023 13:26:24 GMT

Fico right now

trans. 678

Eqx. 680

Exp. 619

fairly new. I'm bouncing back from chap. 13. My mother is considering adding me on here Cap 1. Card. She she has about 15 year history with them would that help?

Re: How AM I Doing?…

JoeRockhead — Fri, 08 Sep 2023 15:50:30 GMT

For Fico scoring, it wouldn't help much, but it also shouldn't hurt... Best thing to do would be just keep doing what you're doing and let some more time pass. You're not far from 700s, but curious about the discrepancy in your EX score.

Re: How AM I Doing?…

NoMoreE46 — Fri, 08 Sep 2023 17:44:29 GMT

Welcome to My Fico @Ed6913.

The loan should help your

scores.

As asked, when did you open those cards (primary?)

Re: How AM I Doing?…

Ed6913 — Fri, 08 Sep 2023 17:52:58 GMT

i noticed exp. Hasn't updated anything. They still show past balances. I'm waiting on them.

Re: How AM I Doing?…

Ed6913 — Fri, 08 Sep 2023 17:53:23 GMT

1 1/2 months ago

Re: How AM I Doing?…

NoMoreE46 — Fri, 08 Sep 2023 17:57:58 GMT

So four cards and the loan all within the last 60 days?

Re: How AM I Doing?…

OCONUS — Sun, 10 Sep 2023 10:50:42 GMT

Just try not to pile up so many toy cards from predatory lenders. Those builders are not your true companions for deep waters when you are in prime territory.

Do you by any chance have an in into the NFCU? Given you TU and EQ, scores, you could do much better with NFCU.

Re: How AM I Doing?…

citymunky — Sun, 10 Sep 2023 11:19:34 GMT

@Ed6913 wrote:
Here's a list of what I got. Any suggestions on what to do. Close or keep open.

Credit One Wander- 2k limit 0$ balance
Ally Platinum - 1500$ Limit. 0$ Balance
Venture Cap1 (Auth User) - 600$ limit 0$ balance.
Mission Lane- 300$ limit 0$ Balance
Milestone - 300$ limit 209$ balance
Amazon Prime Store (Authorized user) - 300$ limit 0$ balance

2000$ credit union loan- just started

how am I doing?

You are doing good, but I would avoid getting any more cards from banks/lenders that offer no rewards and charge an AF (ie Mission Lane, Milestone).

You are going to get to a point where those cards will not grow with you, and you will have to closed them down as their is no benefit to keeping them open (I'm currently at this stage now). That Ally card would be on the only keeper for me.

Have you looked into Discover? Rewards, no AF, and the card will grow also their customer service is top teir IMO.