I'm trying to build up my credit. Here are the accounts I currently have. (Fingerhut 1,400, Two Cap1 cards1,500, Macy's 1000 and a secured personal loan at SDFCU) My credit score is currently 660. I do have one "Paid" Derogatory on my account from Capital One.
Looks like you have everything you need at the moment to build your credit. Three cards and an installment loan is all you need and you have it. The only thing that can help further is time and patience. Just use your cards and pay them off and build a positive history and when your score gets higher you should be able to apply for better cards and get what you want. In the meantime just build up what you have with CLI's, good luck with your rebuild.
Time is correct...maybe wait 12 months, keep util under 10% (make it a habit) then app for another card that will fit your spending habits down the road. Congrats and you are going in the right direction by paying off that derog.
I went through that similar steps (paid 2 old derogs)...waited and the approvals kept coming after 1-2yrs.
I agree, you are actually in not too bad of shape. A bit more aging, and once the score comes up a bit more, the options will be of much wider range!! Best of luck to you.
Total CL: $321.7k
UTL: 2%
AAoA: 7.0yrs
Baddies: 0
Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping
@creditguy wrote: Looks like you have everything you need at the moment to build your credit. Three cards and an installment loan is all you need and you have it. The only thing that can help further is time and patience. Just use your cards and pay them off and build a positive history and when your score gets higher you should be able to apply for better cards and get what you want. In the meantime just build up what you have with CLI's, good luck with your rebuild.
Agreed, and congrats on your great progress.
Current Cards: AmEx Hilton Honors Surpass//AmEx Platinum Card//Ann Taylor Rewards Mastercard//Capital One Platinum Card//Credit One AmEx//Credit One Platinum VISA//Fingerhut//Navy More Rewards AmEx//TruWest Platinum VISA//Aspire VISA//Costco Anywhere VISA//Lowes Advantage//Apple Card Loans: 1 Mortgage/////Navy FCU Auto Loan (2020 Jaguar I-Pace)//Capital One Auto (2016 BMW i3) Next Cards (4th QTR 2022): Navy Flagship Rewards VISA//Chase Sapphire Preferred Stats: Scores: 700's // Inq's: 1 for mortgage // Util: 1% // AoOA: 21 yrs
