@Hockeypnc1 wrote:Thank you for the replies:
Here are my current cards and limits
- Discover IT card (unsecured): $1480 out of $2200 (opened 9-2017)
- UW Credit Union Visa (unsecured): $774 out of $1500 (opened 5-2017)
- DCU Credit Union Visa (unsecured): 0 out of $3000 (opened 2-2019)
- Menards Cap1 (store card): $33 out of $500 (opened 11-2017)
- Overstock.com Comenity (store card): $330 out of $1130 (opened 11-17)
- Williams Sonoma Comenity (store card): $0 out of $1500 (opened 12-18)
- Century21 Comenity (store card): $0 out of $400 (opened 2-18)
- Victoria's Secret Comenity (store card): $0 out of $350 (opened 11-17)
- Bryln Home Comenity (store card): $0 out of $250 (opened 8-18)
- Care Credit Synchrony (store card): $0 out of $4,500 (opened 1-19)
- Amazon Synchrony (store card): $0 out of $200 (opened 11-17)
- New York and Co. Comenity (store card): $0 out of $250 (opened 8-18)
- King Size Comenity (store card): $0 out of $250 (opened 8-18)
- Old Navy Synchrony (store card): $0 out of $200 (opened 12-17)
- Venus Comenity (store card): $0 out of $250 (opened 1-19)
- J Crew Comenity (store card): $0 out of $250 (opened 11-17)
Other loans:
- US Dept of Education (student loan): $58,076 (opened 2-11, currently in deferment due to me being a half-time student)
- Navient (student loan): $16,844 (opened 8-07, currently in deferment due to me being a half-time student)
- First Citizens (Credit Builder loan): $502 out of $1,000 (opened 9-17, planning to pay off this year, it is a 5-year term)
- Capital One Auto (used car loan): $12461 for 52 more months (opened 12-17, trying to refinance, $322 per month at 13.7% APR!)
Income:
- About $1100 every 2 weeks, full time work
Expenses:
- Rent $765
- Car $322
- Insurance $75
- Cell phone $100
Thanks!
You've got plenty of accounts at the moment to build a thick file up. Your best asset now will be time and paying your current balances down. Join us in the garden for a bit longer and let your AAoA build up and your BK age. You're on the right track, but opening more cards at the moment isn't going to be beneficial to your profile. Concentrate on growing Discover and your CU cards, as they will be keepers moving forward. Once your scores move up and your BK is over 5 years old, you'll start seeing some doors open for better offers and you can start trimming back on the store accounts. (They will still be positive history on your reports for a decade after closing, so no need to hold onto them unless you're getting useful special offers from them.) Hold onto them for now as they help with your utilization at this time. Let the CL from more fruitful cards replace store cards as you acquire them.
