Hi, I was able to go out with a cousin of mine lately and was talking about interests in life and I got to mention how important credit is and how I am fascinated with this forum.. I wasn't expecting anything as she tells me she knows very little about it and was telling me she has high APR's on her accounts and on one account been paying $180/month on finance charge alone. I was shocked about it and I told her I'm gonna look into her situation and see what we can do suggesting consolidation or a 0% balance transfer. I got her into a computer to sign up to true credit as I wanted to see a clear picture of her CR. in there she has TU686 EX657 EQ640 as fako scores. it's not bad at all as she had 2 lates in the past specifically june of 2007 and have been perfect payment since. She has a good stable job actually paying her very comfortably but I would say, she's not good on handling her finances, paying only the minimum on all her accounts.
She has a good history started since 1999, good credit mix with 2 auto loans (one for her brother - always on time), one mortgage (with her mother - always on time), School loan (Paid on time)..
this is her accounts:
Citibank credit card CL 3000k - $2890 bal 21% APR
Nordstrom Visa 9500 - 6527 19%
Nordstrom SC 10000 - 8757 22%
J Crew 1500 - 1202 21%
Bestbuy 2000 - 1492 0% 1 30 days late jun'07
Saks 1600 - 678 18%
Bloomingdales 1000 - 0 1 30 days late aug'07
Banana Rep 300 - 0
Home Depot 3600 - 0
What can be the best option right now? thinking about balance transfer but who would approve high util on CR currently?
Thanks in advance
Current Fico Score
EX: 660 EQ: 680 TR: 690
