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@JasonBourneOfCredit wrote:Cant figure out how to quote.
Orchard is 1.5 yrs old. Cap is about 1.3yrs old. Firestone is about 1.1 yr old.
Never late on anything ever. I'm in good shape, just dont want to shoot myself in the foot. Would like to add the $200 to savings.
If you read on the boards, you'll see that CLIs with either Cap One or Orchard are hard to come by. Cap One CLIs are virtually non-existent. They have a "steps program" and beyond that, they don't do customer-initiated CLIs. At least not with their sub-prime cards. I haven't had an Orchard, but have read many posts of people not getting CLIs or getting very low and slow CLIs with them.
You have really low limit cards, but you've had them open more than one year. If I were you, I would really look to app for a new CC before closing. When is your AF due? I'd call the CCC and find out how much time you have to close your account before being charged the AF.
I wouldn't recommend applying for a Cap One because they do 3 HP. If your history is clean, I would contact some local CUs and see about getting a CC with one of them. Different CCs have different criteria for CCs. Your score is good, assuming it's a FICO and not a FAKO. With your history and score, you should be able to open a decent CC with a CU.
Frankly, I would strongly recommend doing that before closing your other CC. It does make a difference when they look at your CR and see an open vs closed acct reporting. Several loan officers and underwriters at different banks/CUs have told me that. It may not affect your FICO, but it does affect their decision-making. (And closing the CC will affect your FICO indirectly via your util.)
Also, if you build a relationship with a good CU, you have a good likelihood of getting a low interest auto loan later on. 
@JasonBourneOfCredit wrote:Hey one more thing while I have your attention..
I've been bad until recently. 300 limit on Orchard and 500 limit on Cap1 but I saw the light and paid them off. Or am this week.
If I called back doors, think they will increase me anytime soon? Seriously want higher limits.
Actually, pay them off... then let them report Zero balances, then@ app for a different card. In other words, don't use them for a tick. Best to have your util down below 10% when you app for something else (like Barclays). Orchard and Cap1 are notorious for not giving CLIs. Oh, and once you get something real, I'd kill that Orchard One too... In fact, I did kill my Orchard card last month @ 360 days old... didn't want that AF to hit!
And yeah, kill that Secured one ASAP!
-SM
Starting Score: ~470 preBK(8/2010)
@bichonmom wrote:If you read on the boards, you'll see that CLIs with either Cap One or Orchard are hard to come by. Cap One CLIs are virtually non-existent. They have a "steps program" and beyond that, they don't do customer-initiated CLIs. At least not with their sub-prime cards. I haven't had an Orchard, but have read many posts of people not getting CLIs or getting very low and slow CLIs with them.
You have really low limit cards, but you've had them open more than one year. If I were you, I would really look to app for a new CC before closing. When is your AF due? I'd call the CCC and find out how much time you have to close your account before being charged the AF.
I wouldn't recommend applying for a Cap One because they do 3 HP. If your history is clean, I would contact some local CUs and see about getting a CC with one of them. Different CCs have different criteria for CCs. Your score is good, assuming it's a FICO and not a FAKO. With your history and score, you should be able to open a decent CC with a CU.
Frankly, I would strongly recommend doing that before closing your other CC. It does make a difference when they look at your CR and see an open vs closed acct reporting. Several loan officers and underwriters at different banks/CUs have told me that. It may not affect your FICO, but it does affect their decision-making. (And closing the CC will affect your FICO indirectly via your util.)
Also, if you build a relationship with a good CU, you have a good likelihood of getting a low interest auto loan later on.
Yeah, but alot of them also don't like to see any open secured lines... he's in a 22. I'd guess he's better off closing that secured card.
@More importantly, he has to get them all paid off and reporting zeros before he apps. Also, other than the Peggy problem @ Cap one, he's got 721CS. Getting a HP on all 3 isn't going to hurt him as much as having even $200 (across all his cards) report is.
Get the balances down so that you're <10% (zero is best). Then go apping.
-SM
I suggest a (GE) MASTERCARD, VISA, AMEX, OR DISCOVER and close any cards with annual fees. A credit union may serve you very well too and like GE's cards they will grow with you and offer you some great rates with the score you have now.
Hopefully it is a fico you have posted now.