If any of those cards have a fee. Close em. Closed accounts till count with age metrics on your report. You have older accounts on your file from the BK. So minimal loss. Yes you went a bit overboard. Dont let history repeat itself. If you cant pay it. Dont charge it. In fact no more swipes until they're all paid down.
Cap1 is a bucket card. Isn't goig to move much. But you can upgrade it to a QS for CB.
https://www.capitalone.com/learn-grow/money-management/upgrade-or-apply-for-new-credit-card/
My opinion. Keep these.
Cap1 $400 Upgrade it.
US Bank Altitude Secured $400
Mission Lane $1100
Merrick Bank $1400
The rest can go. Comenity is having all kinds of problems now. Only need 3 cards for FICO.
And my fav saying. If you cant pay it. Dont charge it. Carry balances for emergencies only.
Good luck!
@itslovefield wrote:Hi friends,
just curious about my card mix.
I have a slew of subprime cards in my rebuild portfolio. I am nearly 14 months out of BK7 discharge.
I think I've accepted every offer that has been sent my way. (Don't judge haha!) which hasn't been a wise move. It was fun, & heady, though. So, I'm living in the garden & sorting what I've got for now.
This is what I've got...
cap 1 platinum $400 limit (which has NOT moved!)
Self Builder Secured $300
US Bank Altitude Secured $400
Mission Lane $1100
Merrick Bank $1400
Fortiva 2x's $350 each
Legacy $600
First Premier $700
Show $350
Total "Select" $300
Ulta, Sephora, & VS from Comenity with a combined limit of like $900
It's a lot... I know. I also feel like I'm bordering on irresponsible use, so I want to nip that in the bud. They're not maxed, but I'm sitting at a hefty 40% utilization.i have a plan to get them paid down over the next few months, so I'm not worried about that.
my SUPER long winded questions:
1. will it hurt overmuch if I cancel First Premier & Cap? Im annoyed by Cap, & First Premier was just a bad move with all of the BS fees.
2. how do I cross the threshold of being approved for my 'dream' cards? Namely, Target, Apple, & Delta Amex?
3. I'd be happy to trim a few of the other "starter cards" - Total, Show, & Fortiva namely, but how do I do that without ruining my currently decent scores? (Low-mid 600's) while wanting to raise them into the 700's?
Thanks for any input! I know this was long winded, but. I appreciate you.
Personally I would get rid of every card that has an AF. You might take a hit at first but will rebound in the near future. Pay all your balances off except for one and keep it below 5% when it reports. Your scores should rise pretty significantly as long as there are not other issues you have not explained and even so they would still definitely increase. Do you have any new derogs? What is your current score across the board?
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@FireMedic1 wrote:If any of those cards have a fee. Close em. Closed accounts till count with age metrics on your report. You have older accounts on your file from the BK. So minimal loss. Yes you went a bit overboard. Dont let history repeat itself. If you cant pay it. Dont charge it. In fact no more swipes until they're all paid down.
Cap1 is a bucket card. Isn't goig to move much. But you can upgrade it to a QS for CB.
https://www.capitalone.com/learn-grow/money-management/upgrade-or-apply-for-new-credit-card/
My opinion. Keep these.
Cap1 $400 Upgrade it.
US Bank Altitude Secured $400
Mission Lane $1100
Merrick Bank $1400
The rest can go. Comenity is having all kinds of problems now. Only need 3 cards for FICO.
And my fav saying. If you cant pay it. Dont charge it. Carry balances for emergencies only.
Good luck!
I should have read your post first lol instead of double info.
Re #2: #Apple shouldn't be that far away (less of a dream more of a reality)
On the rest I don't know. Double-BKs ... I'm not sure how that will work into your score.
Apple uses Fico 9 TU and my DH received his with a 654 score. He received a smaller SL but was still approved
