I have a credit one card that I want to pay off, it is $300. My income tax came in and I want to get a secured card through navy federal for $300. My plan is to pay off the credit one with that, let c1 report with a zero balance for a year then close c1. Sound good?
is it ok if I don't pay the entire balance off the first month with navy federal? My last question is, I was looking into the secured shared loans. I have a auto loan out that I am making payments on, would it be wise to do a secured shared loan as well. I plan on getting a $3000 loan and knocking that down to $2800 with first payment.