@rebuildingincb wrote:First, let me say thank you to all the members!
I have learned so freaking much in such a short period of time.
Here is my situation:
Current CC's:
Credit One: $400 CL $0 Balance (should be reported that way on 21st statement, just paid off and got CLI from $300 this month) Opened 3/12 no lates.
First Premier: $300 CL $0 Balance (reported as such) Opened 7/12
Helzberg/Cap1: $2100 CL $1406 Balance (reported as $1555 but new statement should be 18th) Opened 12/12
Cap1 Secured: $300 CL Balance $0 Opened 4/13 Not reported yet, already added $99 to increase from $201 to $300 (call me weird but I didn't like the $1 on the end LOL) Should report 6/23/13 (second statement) and am going to try to increase to $500 by then.
BADDIES:
I have 6 Collections.
1 being removed due to DV letter
1 Paid
Working on rest, all but 2 are from '07, so are old and coming off by this time next year. One is from 2010, other from 2012.
I have 2 Judgements in PR.
These came from folding my business in 2007, both are aging off soon, one in 11/13 other in 3/14
I have 1 charged off auto loan (from same time) DoFD is 4/07
I also have a good auto account that was paid on time always, paid off in '04.
So, I just joined my local Credit Union and am thinking about opening one more secured card with them before gardening until early 2014. I am hoping by then I can get a major card like Chase or Discover with a decent CL. I may try to add to both secured lines between now and then to get them both to $2k CL each by then as well as pay off my Helzberg card to $0.
Any help/advice is greatly appreciated.
~ addicted to my credit~
IMO you have enough cards for now. You should continue gardening these accounts and focus on resolving your baddies. 
Welcome to the forum! Working on your baddies while you are rebuilding is very important. That being said, you have opened a few cc's that I would swipe out for the CU account - namely the FP and if that CreditOne is charging fees it would go too.
If you are lucky enough to open a secured cc with your CU, I would close/sd the FP nd Credit One, continue to work on the baddies and garden for 1 yr. your judgments, CO car will be gone. If you aren't successful in getting the last 2 collections off- at least you will not have them plus a repo, and judgments.
If you are lucky enough to open a secured cc with your CU, I would close/sd the FP nd Credit One, continue to work on the baddies and garden for 1 yr. your judgments, CO car will be gone. If you aren't successful in getting the last 2 collections off- at least you will not have them plus a repo, and judgments.
I should have added closing the cc's will affect your util. The closed accounts will stay on your CR's up to 10 yrs or less. Only suggested closure if they were charging fees.
@rebuildingincb wrote:First, let me say thank you to all the members!
I have learned so freaking much in such a short period of time.
Here is my situation:
Current CC's:
Credit One: $400 CL $0 Balance (should be reported that way on 21st statement, just paid off and got CLI from $300 this month) Opened 3/12 no lates.
First Premier: $300 CL $0 Balance (reported as such) Opened 7/12
Helzberg/Cap1: $2100 CL $1406 Balance (reported as $1555 but new statement should be 18th) Opened 12/12
Cap1 Secured: $300 CL Balance $0 Opened 4/13 Not reported yet, already added $99 to increase from $201 to $300 (call me weird but I didn't like the $1 on the end LOL) Should report 6/23/13 (second statement) and am going to try to increase to $500 by then.
BADDIES:
I have 6 Collections.
1 being removed due to DV letter
1 Paid
Working on rest, all but 2 are from '07, so are old and coming off by this time next year. One is from 2010, other from 2012.
I have 2 Judgements in PR.
These came from folding my business in 2007, both are aging off soon, one in 11/13 other in 3/14
I have 1 charged off auto loan (from same time) DoFD is 4/07
I also have a good auto account that was paid on time always, paid off in '04.
So, I just joined my local Credit Union and am thinking about opening one more secured card with them before gardening until early 2014. I am hoping by then I can get a major card like Chase or Discover with a decent CL. I may try to add to both secured lines between now and then to get them both to $2k CL each by then as well as pay off my Helzberg card to $0.
Any help/advice is greatly appreciated.
~ addicted to my credit~
I think giving it some time so your baddies age off completely would serve you the best. The best of luck to you.
@rebuildingincb wrote:
@indiolatino61 wrote:
@rebuildingincb wrote:First, let me say thank you to all the members!
I have learned so freaking much in such a short period of time.
Here is my situation:
Current CC's:
Credit One: $400 CL $0 Balance (should be reported that way on 21st statement, just paid off and got CLI from $300 this month) Opened 3/12 no lates.
First Premier: $300 CL $0 Balance (reported as such) Opened 7/12
Helzberg/Cap1: $2100 CL $1406 Balance (reported as $1555 but new statement should be 18th) Opened 12/12
Cap1 Secured: $300 CL Balance $0 Opened 4/13 Not reported yet, already added $99 to increase from $201 to $300 (call me weird but I didn't like the $1 on the end LOL) Should report 6/23/13 (second statement) and am going to try to increase to $500 by then.
BADDIES:
I have 6 Collections.
1 being removed due to DV letter
1 Paid
Working on rest, all but 2 are from '07, so are old and coming off by this time next year. One is from 2010, other from 2012.
I have 2 Judgements in PR.
These came from folding my business in 2007, both are aging off soon, one in 11/13 other in 3/14
I have 1 charged off auto loan (from same time) DoFD is 4/07
I also have a good auto account that was paid on time always, paid off in '04.
So, I just joined my local Credit Union and am thinking about opening one more secured card with them before gardening until early 2014. I am hoping by then I can get a major card like Chase or Discover with a decent CL. I may try to add to both secured lines between now and then to get them both to $2k CL each by then as well as pay off my Helzberg card to $0.
Any help/advice is greatly appreciated.
~ addicted to my credit~
I think giving it some time so your baddies age off completely would serve you the best. The best of luck to you.
Thanks. So you are saying it wouldn't help to get the TL from my CU and let it start aging now? I don't need to use it, I am just trying to build up my score and show good management, as well as build the relationship with the CU so I can use them for possible future loans (car, refi home etc...)
Exactly
You should really focus on getting your baddies removed and gaining positive history on your current accounts.