So a few different things here. My CL was 55,000 with a mix between Barclay, synchrony, capital one, merrick and discover. 3 personal loans had paymentof about a total of 1000 a month. My credit card debt was 24000. After the loan I have a monthly payment of 700 a month, and my credit card debt is about 10,000. So everything has become a lot more payable. Monthly payments have dropped about a grand a month overall.
3500 is an installment payment on jewelry, not going to focus there. 4k is PayPal credit, and 3k is merrickbank. I'm going to aggressively pay down the Merrick card and then the PayPal line while saving. After all the transactions post those will be my only outstanding credit. I'm slightly concerned I might see AA towards my credit limits but everything else with big limits was paid off.
3 questions:
Discover gave me an adverse action because one card got up to 6k on a 10k limit. They reduce the card that had an 8k limit down to 500, and the 6k balance card was given a 6k limit. That was back in February. Now both have zero balances and the 6k limit is still 6k. How long should I wait til I try and get the 500 limit raised? Obviously I don't want them snapping the 6k limit down to 500 as well.
I'm looking to add my SO as an authorized user to help their credit. I want to use either Barclay (6 years old, 8k limit), standard capital one card (6 years old 9k limit) or a synchrony PayPal MasterCard (7k limit, 3 years old). Should I wait to do so to avoid any adverse action, or should I be in the clear. From reading which reports to which CRAs, I'm thinking capital one, but I have that card and a quick silver with 10k limit. Just want to make sure it's safe.
Third is there any benefit to in the next few months trying to establish say a synchrony marvel card. They generally are pretty generous to me?
