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Working on a 700+ score

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New Contributor

Working on a 700+ score

Long time follower, BK discharged 8/18. Currently credit score is about 640ish with CK. Credit cards held are:
Cap 1 $500/$375 used
Cap 1 $300/$0 used
Children's Place $500/$0 used
Credit One $450/$325 used
Discover IT $1250/$0 used
I just applied for the Discover IT cash back and was approved for $1250 SL!!
My question is, does it hurt my score to have these cards and not use them? My utilization is about 40% I'm guessing and I'm getting that lower.
Any advice?
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9 REPLIES 9
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Valued Contributor

Re: Working on a 700+ score

Well, now that you broke through the 1K barrier it's going to get a bit easier.

 

First off I wold BT the Cap1/Cred1 balances to Disco for 0% instead of whatever you're paying now.

Kill off Credit 1 and reconsider keeping Children's 

 

If you want your real scores go over to https://www.creditchecktotal.com/  Sign up for $1, get your scores, cancel before 7 days is up.

 

The bigger concern though is going to be if you're PIF or carrying these balances and keep adding to them monthly?  Ideally you only report 8.9% or less for the most points on your scores each month.

500K+ TCL / 800+ FCOs
Message 2 of 10
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Senior Contributor

Re: Working on a 700+ score

Congrats on your Discover IT approval!




Message 3 of 10
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Epic Contributor

Re: Working on a 700+ score

 

Congrats on yer approval!

 

Message 4 of 10
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Frequent Contributor

Re: Working on a 700+ score

Congrats!!


Message 5 of 10
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Super Contributor

Re: Working on a 700+ score

Congratulations on your approval!
Message 6 of 10
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Valued Contributor

Re: Working on a 700+ score

Congrats on the Disco approval!





Message 7 of 10
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Community Leader
Senior Contributor

Re: Working on a 700+ score

Congrats. I agree with what @Obscure-Expert said. I would also shift my spending to Disco to take full advantage of the cash back match. No sense leaving money on the table Smiley Happy



Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | PenFed PCR | IT Cash | IT Chrome | GHSFCU Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Sams MC | Firestone | Overstock | Kohl’s | 2017 Audi A6 Prestige S-Line





TCL $85,100| Agg. Util under 5%
Message 8 of 10
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Established Contributor

Re: Working on a 700+ score

Congrats 🎊🎉🎈 @bennetton on your approval and your progress!

CARDS: Discover It | QuickSilver One | Open Sky | Kohl’s | BB&T Spectrum Cash Rewards | BB&T Bright | NFCU CashRewards | NFCU More Rewards | AMEX BCE | OverStock
Starting Scores 05/2019: EQ:519, EX:525, TU:574
Message 9 of 10
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Super Contributor

Re: Working on a 700+ score

Congrats !


3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>09/2020 CCT EX 818 TU 826 EQ 840

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