I paid off all my debt with a refinance a few weeks ago with the exception of my car loan. My old mortgage will report 0 on October 30 and as of today, the new one hasn't reported yet. My scores right now are as follows:
TU 644
Equi 622
Exp 644
I have one late one year ago. I have a bk from 2003 where all accounts 5-6 are going to fall off in the spring and fall this year. They all have 0 balance but some say closed, paid. Others say derogatory and still others just said settled for less.
I had 3 cards that I paid off. All 3 were at 100 percent utilization. All 3 now are at 0. I have an authorized acct with hubby for 8800 showing 29.00 balance. I have another author acct with hubby for 2000 k showing 117.00. I know we are all anxiously waiting to see if this falls into the 10 point jump for every 10 percent of util paid off = 100 points. I hope so because you can see that it would translate to scores 722-744. I hope to find that out by 11/9 when my last card updates. I will for sure post and let you guys know!
My question now is based on what you see above (no collections) - what credit cards do you think I would be best applying for. I am looking for prime cards - but even with 700 scores I am not sure if B of AM will be so friendly, or AMEX because of the bankruptcy. I am not sure about Discover - but I would like to build a nice portfolio without going app crazy. I have anywhere from 22-41 inquiries over 2 years on my reports BUT most of them are mortgage related as we flipped houses for the last 5 years. So taking them out of the picture, I probably have 12-15 inquiries.
Any advice?
Message Edited by itzateach on 10-27-2008 05:35 PM
Message Edited by ByrdMan on 10-28-2008 04:07 PM
Starting Score: 469
