@Vegas4Play wrote:Dont't carry a balance on the 23% card....pay it off then dont use it, and put more money in your pocket....crawl before u walk I want a BMW X5 but I will be driving my 2005 Lincoln Navigator (paid for) until I have a great rate, and my BK falls off Next year...... think big pictue. Or take the plug and be happy with the rate given U.
Not sure what the confusion is or if people are posting without reading the entore thread, but I have no intention of continuing to carry a balance on that card. One of the main points of my initial post was I want to get rid of that card. There is no crawling before walking here. I don't want a fancy car. I *need* a new(er) car and plan on purchansing a used car for under $10k. That card will be paid off within the next 30 days.
@Bankrupt2019 wrote:You'll need to get a higher limit to show you can handle your cards responsibly. With your present scores I really wouldn't expect a better rate on any credit cards, Perhaps a 0% introductory but that's about it.
If you pay off or at least down your balance to under 10% (or get a limit increase to offset the balance) your scores will climb a little bit.
If you don't like the 23% interest rate, don't carry a balance on the card.
You're on the right track. You just need to make a few adjustments and you'll be on your way to a great score
That's the only card with that rate, hence the reason why I want to dump it. I don't really want any additional CC's, I just want to position myself to get as best an interest rate on my car as possible. I have 2 cards with high untilazation that I will pay off and wait 30 days. I may try for 60 days, but the car situation is rather urgent. My scores got messed up from an illness a few years back before Obamacare. It took 2 years to pay that off but otherwise I am in good standing.I own my home, paid off my student loans and have financed cars and paid them off before.
@Anonymous wrote:
@Bankrupt2019 wrote:You'll need to get a higher limit to show you can handle your cards responsibly. With your present scores I really wouldn't expect a better rate on any credit cards, Perhaps a 0% introductory but that's about it.
If you pay off or at least down your balance to under 10% (or get a limit increase to offset the balance) your scores will climb a little bit.
If you don't like the 23% interest rate, don't carry a balance on the card.
You're on the right track. You just need to make a few adjustments and you'll be on your way to a great score
That's the only card with that rate, hence the reason why I want to dump it. I don't really want any additional CC's, I just want to position myself to get as best an interest rate on my car as possible. I have 2 cards with high untilazation that I will pay off and wait 30 days. I may try for 60 days, but the car situation is rather urgent. My scores got messed up from an illness a few years back before Obamacare. It took 2 years to pay that off but otherwise I am in good standing.I own my home, paid off my student loans and have financed cars and paid them off before.
I don't know why you bothered asking for help since you apparently have it all figured out. You don't seem to listen to reason. I have had a 798 FICO in the past, I've played the game as have others that have offered their advice. You don't seem to grasp what we are trying to do, which is help you accomplish what you would like to do. I wish you the best of luck.
**as for closing the card, if thats what you think you must do (which I certainly don't advocate, It's much easier to just not use it or ask for a PC to a better card) make sure you do it after you get your auto loan so that the available credit isnt removed from your overall utilization dropping your score even more.
@Bankrupt2019 wrote:
@Anonymous wrote:
@Bankrupt2019 wrote:You'll need to get a higher limit to show you can handle your cards responsibly. With your present scores I really wouldn't expect a better rate on any credit cards, Perhaps a 0% introductory but that's about it.
If you pay off or at least down your balance to under 10% (or get a limit increase to offset the balance) your scores will climb a little bit.
If you don't like the 23% interest rate, don't carry a balance on the card.
You're on the right track. You just need to make a few adjustments and you'll be on your way to a great score
That's the only card with that rate, hence the reason why I want to dump it. I don't really want any additional CC's, I just want to position myself to get as best an interest rate on my car as possible. I have 2 cards with high untilazation that I will pay off and wait 30 days. I may try for 60 days, but the car situation is rather urgent. My scores got messed up from an illness a few years back before Obamacare. It took 2 years to pay that off but otherwise I am in good standing. I own my home, paid off my student loans and have financed cars and paid them off before.
I don't know why you bothered asking for help since you apparently have it all figured out. You don't seem to listen to reason. I have had a 798 FICO in the past, I've played the game as have others that have offered their advice. You don't seem to grasp what we are trying to do, which is help you accomplish what you would like to do. I wish you the best of luck.
**as for closing the card, if thats what you think you must do (which I certainly don't advocate, It's much easier to just not use it or ask for a PC to a better card) make sure you do it after you get your auto loan so that the available credit isnt removed from your overall utilization dropping your score even more.
It's tone. Some of you come across as very condescending. I'm trying to weed out that tone and take in the information. I don't plan on closing the card, I plan to pay it off. I also get the impression that I'm not being heard clearly. Simply put I want to 1.) pay off the 23% card, maybe get another with a lower interest rate (definitely not a priority). 2.) Put myself in a position to get a decent interest rate on a reasonable car. I'm not trying to play any game or gather loads of CCs. My credit score has gone up over the past 6mths and I would like to continue to see that happen.
@Anonymous wrote:If I were minion...
Step One. I'd pay down the credit card to $1-70. Let that statement post with $1-$70 owed.
Step 2. I'd get that auto loan.
Step 3. I'd try for a Credit limit increase on my current card.
Step4. I'd try the Cap1 prequal...say you get the QS.
Step 5. In six months, I'd combine the original card into the 6 month old QS for one card with a big limit.
Step 6. Profit.
I'd go 1,3,2,4,5,6.(as long as the C1 card hes got now is a SP CLI. But that's just me.