While trying to rebuild my credit, I did the SCT and applied for many cards. 10 totals.
Now I have all my scores in the 700's thanks to this forum. I cannot get another card. The common reason is that I have too many new accounts.
Should I close all my store card? Will that helpme in the future?
PS: If you think about doing the SCT, Dont
IMHO, I think you should go to the garden for a year or two.
That's my first thought. But would getting ride of the store card help in any way?
Not really, as advised garden a bit, pay all to 0% except one 9% (if you owe anything) and they can benefit you in the long run. From what I've seen here, closing before 1 year can actually hurt. I personally would never use SCT because also seen here how sncy & com like to "blue envelope" soon after
Click the link in my signature and go to the "AAoA" sheet at the bottom. Then enter ALL your credit card accounts (including any closed ones still reporting). Then look at your AAoA over time -- you want to stay in the green or at least yellow, but if you're in the red, stay in the garden until you're out of the red. Closing those accounts won't affect your AAoA. Keeping them open and using then enough to get them to report will actually help your AAoA in 2 years.
Thanks for sharing......its a common occurrence/mistake for builders and rebuilders despite the warnings. Hopefully your testimony will keep someone else from doing the same thing.
The SCT worked for me but i only got three, I had 14 new cards in 3 1/2 months when I applied for Barclay Arrival Plus and was approved and get big CLI on other cards. Is your income low. Do you not have any old accounts?