@dethkultur wrote:
@Anonymous wrote:
....I go away for a few hours and someone is already suggesting the useless card trick (SCT)? Let's be nice to new members please.
The OP is asking how to acquire 10-15K in actually USABLE credit in the next year.
OP, You seem to have acquired a decent amount of tradelines as it is. Pay down your cards and give your scores a little time to bounce back. Once they do, close down the fee harvester cards and let your other accounts age.I only suggest the SCT because he has no AoA yet, I would stay away from it also if it wasn't a new account. There's consensus that his AoA should be higher, let the accounts age, etc, and bigger limits will come... well, then OP should get advice on having a resilient AoA, not one that will get shredded by a new account, especially when he has the uncommon opportunity to build the base for a strong AoA now. I think he should increase his tradelines for that purpose.
And well, only forum dwellers have contempt for store cards. No one has ever been denied credit and told over the phone "I really didn't like your Victoria's Secret card." People of all credit profiles have store cards. They will only be USABLE as a new, aging account in good standing, which is exactly what the OP needs, and is a great thing besides. That's my two cents.
I think SCT is fine if it's for like one card you are actually going to use that has some benefit (ie- coupons/discounts), OP does NOT need 15+ useless $250 limit cards. (IMO Nobody does unless you actually want all those cards; you do not NEED them to build credit. I built my credit on a car loan and one CC -- got into the mid-700s by the time I got my second CC).
No, no bank/credit union will say "I really didn't like your Victoria's Secret card," but upon manual review (and maybe even computer review), it looks desperate and I agree 100% with -Cal-. OP needs to garden what he/she has (SP-CLIs!), work on getting tha late off and paying the balances. Those will help much more than applying for tons of cards, SP pulls or not.
Quicksilver $10,000 | Better Balance Rewards $2000 | Sallie Mae $3500 | Freedom $3500
@Anonymous wrote:
@Anonymous wrote:
....I go away for a few hours and someone is already suggesting the useless card trick (SCT)? Let's be nice to new members please.
The OP is asking how to acquire 10-15K in actually USABLE credit in the next year.
OP, You seem to have acquired a decent amount of tradelines as it is. Pay down your cards and give your scores a little time to bounce back. Once they do, close down the fee harvester cards and let your other accounts age.What is the time frame it how quickly i should pay down cards?
how soon do you think i would be able to get 10-15k in cards?
As quick as possible.
You will need to develop relationships with prime banks first. You already have your foot in the door with Discover. 
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
....I go away for a few hours and someone is already suggesting the useless card trick (SCT)? Let's be nice to new members please.
The OP is asking how to acquire 10-15K in actually USABLE credit in the next year.
OP, You seem to have acquired a decent amount of tradelines as it is. Pay down your cards and give your scores a little time to bounce back. Once they do, close down the fee harvester cards and let your other accounts age.What is the time frame it how quickly i should pay down cards?
how soon do you think i would be able to get 10-15k in cards?
As quick as possible.
You will need to develop relationships with prime banks first. You already have your foot in the door with Discover.
Sounds like i have to wait a little while at least 6-8 mo until my AAOA is 2 yrs and then have less than 10% balance and increase my line with Discover and apply for larger credit cards, maybe even a credit union..
