Prime Card?

[09Lexie]

I believe OP has/had a plan to get from under accumulated debt.

Assuming OP takes care of the util by Aug (sticks to it) and delays apping until inqs are 1 yrs old; I think the OP will be better suited for his/her ideal cc's.

[CEOriginal]

---

@09Lexie wrote:
I like the idea of dividing it by 3. And I agree with others, it's hard to tell without knowing your profile. Low util, inqs will be best

---

I wish I could take credit but I learned that from a mentor. One of the better financial opinions I've heard lol

[09Lexie]

@CEOriginal

Duly noted. I think I'll pass it on too.

[NiNoMArksLA]

What dose that Mean?

[RushXTC]

I think you should work on making your BoA Un-Secured first...

Then work on THAT card, Instead of adding another one. I began with a $600 BoA Cash Rewards card and used it a LOT... I would load it up and use it for gas, food everything! then each check I'd pay $300 ($600 monthly) to avoid paying any interest. At some point I requested increase and it's now sitting at $3,000.... Has been for a year now, Thinking about requesting another one... However truth be told this is the card that helepd me expand my credit so I'd suggest working on it.

Edit: P.S. if it makes any difference, I'm 21 y.o. with $28,000 overall credit limit.

[Revelate]

---

@CEOriginal wrote:

---

@09Lexie wrote:
I like the idea of dividing it by 3. And I agree with others, it's hard to tell without knowing your profile. Low util, inqs will be best

---

I wish I could take credit but I learned that from a mentor. One of the better financial opinions I've heard lol

---

CEO: May I ask which issue you were facing where that advice was useful?  Balance control, spending habits, or something else?  What in particular about it made it work for you?

[TiggerDat]

Don't get too eager too quick.  Think about every purchase you make and maybe consider something less expensive.  Pay everything you can to the balances, even if you charge them up, try to get them paid off.  Make that your goal and also make a goal of having no actual cash on hand except to pay rent and utilities.  Buy Kroger corn instead of Del Monte, etc.  After they have all been paid off, then start setting aside a set amount of money each week or two and then pay the rest to the cards, but continue to use them.  At some point the companies will hopefully realize you don't have enough credit and have plenty of money and raise your limits.  As you get higher limits it will help your score based on utlilization.  Ask at the 6, 9, 12, 18, 21 month marks for credit limit increases.  When you get a few with some nice limits and you have no or few inquiries in the past year, then apply.  You should have at least one or two accounts with at least 2 years of history for best success.

I took and charged each card up to its limit and then paid it off at least once so that it reported that fact to the credit bureau.  Any lender who did a manual review of my credit would see that fact and understand that I do use my cards and don't have an issue with paying them off.

[TiggerDat]

Also if you don't have it you should get Credit Karma.  It is actually pretty helpful for monitoring your score and giving advice about your report.