when do i start....

[Anonymous]

I have been reading the forums here for the last few hours and am amazed at the wealth of information. I had a bk that was discharged in 5/07 and have gone thru the usual cleanup and have got all my accounts listed as iib. I have opened 3 of the crappo rebuilder cards,  and have an autoloan at 11.99%. I have perfect payment history since bk, at what point or at what scores do i start applying for the better cards to get my score jump started. I am as of yesterday at TU 534, EQ 586, and EX 588. I dont want to have alot of inq if there is little chance of getting approved. I followed a link to the discover more card where you self rate your credit but have not applied yet. Any tips or ideas would be appreciated.

thanks

gamblerx15

[llecs]

Welcome to these forums!

I'd hold off on any more cards. Speaking from experience I opened 7 new cards since August. For the first three, my scores jumped as I didn't have any cards prior to that. After three cards, my score started to tank due to the amount of new credit. Continue paying what you have, keep utilization below 10%, and don't ever be late.

Esp. don't app for Discover now.

Focus on repair and when your scores bump to mid- to upper-600s, then replace those rebuilder cards one at a time with more respectable no-fee cards.

[Anonymous]

It sounds like you are doning the right things.

Sounds like you need to wait a bit longer-

Hope for an increase at the 0ne year mark-

Make sure there is nothing negative posted on those IIB after you filed.

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gamblerx15 wrote:

I have been reading the forums here for the last few hours and am amazed at the wealth of information. I had a bk that was discharged in 5/07 and have gone thru the usual cleanup and have got all my accounts listed as iib. I have opened 3 of the crappo rebuilder cards,  and have an autoloan at 11.99%. I have perfect payment history since bk, at what point or at what scores do i start applying for the better cards to get my score jump started. I am as of yesterday at TU 534, EQ 586, and EX 588. I dont want to have alot of inq if there is little chance of getting approved. I followed a link to the discover more card where you self rate your credit but have not applied yet. Any tips or ideas would be appreciated.

thanks

gamblerx15

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