Hi all. 
This is my first post, so I'll start out saying I'm 19 and in the process of building credit!
I've had my first job and credit card (Capital One - $500) for 8 months now.. Credit score slowly climbed from 700 to 720.
I recently made the decision to apply for a few more CCs.. Now I have added Care Credit - $2000, Discover iT - $1000, and a Barclay Card - $1000.
I'd really like to have great credit, and I know my largest problem is the fact that I've just established it 8 months ago.. But how do I make things weigh in my favor ? Where do I go from here ?
Thank you!
@omgtain wrote:Hi all.
This is my first post, so I'll start out saying I'm 19 and in the process of building credit!
I've had my first job and credit card (Capital One - $500) for 8 months now.. Credit score slowly climbed from 700 to 720.
I recently made the decision to apply for a few more CCs.. Now I have added Care Credit - $2000, Discover iT - $1000, and a Barclay Card - $1000.
I'd really like to have great credit, and I know my largest problem is the fact that I've just established it 8 months ago.. But how do I make things weigh in my favor ? Where do I go from here ?
Thank you!
Welcome to the forum
You have done wonderful at starting to obtaing credit......... Bravo
Now the only thing you need to do now is spend idle time.
What do I mean by idle time do nothing. Use your cards pay them all off except one leaving a balance of 1-9%
Build your AAoA this is what's hurting your scores with such a thin file.
At 19 time is on your side and your credit can only get better if you don't apply for any more cards for awhile
Welcome to the forum. Myjourney gave excellent advice. Apping for too many cards too fast will do the opposite of what you are trying to achieve. Pick your cards and app wisely. Each inq/acct will temp ding your cr scores. The length of time it takes to recover varies. During that time, keep your util low cause you never know when a lender is SP'ing your cr for auto CLI's. when you are ready to app again and for maximum FICO scoring, have 1 cc report a sm balance of less than 10%.
In the meantime, remember to try to avoid paying interest on your cc's.
In the meantime, remember to try to avoid paying interest on your cc's.
welcome here
