Cardmatch.com

[myjourney]

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@FixMyCredit1992 wrote:

The only reason I apped is because I was pre-app, which turned out to be a lie.

So I am done apping for at least 5 months now. I am getting the WF secured card next week in the mail.

Would getting a 2nd SC boost my score any?

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No it won't at this point 

Here's a little info to help you see the damage thus far 

HP's result in a 3-5 point drop per HP

New TL's that report to CR's result in a 3-5 drop

YMMV 

Add them up and see which way your going 

Long before all these INQ's I recommended a easy secured card  SFDCU 

With all the HP's now I'm not sure they would approved but since it doesn't require a HP no harm in trying 

[FixMyCredit1992]

As mentiioned before I am getting a WF secured card with a $300 CL in the mail soon, I was approved for it.

So a new TL will lower it 5 or so points, but once it ages to 6 months, it will boost the score, correct?

Also, what's a good utilization? I've heard from as low as 7% to as high as 33%

[myjourney]

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@FixMyCredit1992 wrote:

As mentiioned before I am getting a WF secured card with a $300 CL in the mail soon, I was approved for it.

So a new TL will lower it 5 or so points, but once it ages to 6 months, it will boost the score, correct?

Also, what's a good utilization? I've heard from as low as 7% to as high as 33%

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Not in all cases a lot of scoring comes from what's on CR's if you don't address that then scores will not increase much until those items age 

UTL= 1-9% if applying for more credit (max scoring) 

If not 10-20% IMHO

[FixMyCredit1992]

So I need to wipe all the baddies off before the score will improve much?

[myjourney]

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@FixMyCredit1992 wrote:

So I need to wipe all the baddies off before the score will improve much?

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As many as you can would really help you ....Trust me 

Working on your CR's could lead to the fastest scoring bumps and better approval odds 

[FixMyCredit1992]

Is 0% utli (paying the balance off before the statment cuts), a bad thing?

[myjourney]

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@FixMyCredit1992 wrote:

Is 0% utli (paying the balance off before the statment cuts), a bad thing?

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If your trying to increase scores yes 

Have it at 1-9% when statement cuts then PIF

[FixMyCredit1992]

One other question...

I have a fingerhut account (its not a credit card), witch a balance of $130 on a $180 limit.

If I pay the account in full, will this ruin the tradeline? Thinking of just paying it off, but then the util will be 0, and then once it ages to 6 months, it won't boost my score, right?

[djc1puno]

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@FixMyCredit1992 wrote:

One other question...

I have a fingerhut account (its not a credit card), witch a balance of $130 on a $180 limit.

If I pay the account in full, will this ruin the tradeline? Thinking of just paying it off, but then the util will be 0, and then once it ages to 6 months, it won't boost my score, right?

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leave a bit of balance for now and once you start using your new wells card then you can pay off your fingerhut and just have a balance report on your wells...

[Shinoga]

+1