need help with with my credit.

[wayne6372]

I currently have a short credit history and a lot of open accounts with un reasonable fees.

4-first premier,1-orchard,1-walmart,1-peebles,1-fingerhut and 1- continental finance.My oldest account is only 21 months and it is the continental finance which charges rediculous fees even with a zero balance $ 316.00 a year to be exact to keep open.The first premiers$ 132.00 a year to keep open.Anyone have any clue to rebuild my credit , my fico today was 601 .Should I just close all the ones with these fees.I am tired of paying these fees to keep my accounts open.Right now i have high balances with them , but plan to pay all accounts in full in feburary and wait to they report.Any advice will be helpful.

[marty56]

I would assume that your Walmart card doesnt charge an AF so I would at least keep that one.  PIF any card before closing and PIF the Walmart card first since you want to protect it from CLD other AA. 

[laz98]

if your first premier cards are pretty new, i would probably get rid of them (just my opinion).  i don't know why you would want 4 of them!  that way you are saving more money (& not making those fee collectors rich).

[wayne6372]

what is pif paid in full?And cld and aa?

[wayne6372]

2 are mine and 2 are my wifes , that ia ma uthorize user on.one is 14 montha old and the others about 7 or less.

[MarineVietVet]

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@wayne6372 wrote:

what is pif paid in full?And cld and aa?

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PIF= Pay in Full

CLD= Credit Limit Decrease

AA=Adverse Action

Here are some more abbreviations.

AA = Adverse Action

AAoA = Average Age of Accounts

AG = Attorney General

APR = Annual Percentage Rate

AR = Account Review

AU = Authorized User

BADDIE = Any negative or derogatory item on your report

BBB = Better Business Bureau

BK = Bankruptcy

BT = Balance Transfer

BTW = By the way

BUMP = Used by someone when they are looking for an answer to the thread, but have not received one yet

CA = Collection Agency

CBR - Credit Bureau Report

CC = Credit Card

CCC = Credit Card Company

CCCS = Consumer Credit Counseling Services

CFL = Consumer Finance Loan

CL = Credit Limit

CLD = Credit Line Decrease

CLI = Credit Line Increase

CMRRR = Certified Mail Return Receipt Requested

CO = Charge Off

CRA = Credit Reporting Agency ( TransUnion, Equifax, Experian)

CRO = Credit Repair Organization

CRTP = Credit Reporting Time Period

Derog = Derogatory

DH = Dear Husband

DMP = Debt Management Program

DOFD = Date of First Delinquency

DOLA = Date of Last Activity

DTI = Debt to Income

DV = Debt Validation

DW = Dear Wife

EQ (also EFX) = Equifax

EX (also EXP, XPN) = Experian

FA = Fraud Alert

FAKO = Generic credit score, not a true FICO

FC = Foreclosure

FCRA = Fair Credit Reporting Act

FDCPA = Fair Debt Collections Practices Act

FI = Fair Isaac

FR = Financial Review

FTC = Federal Trade Commision

GC = Green Card from Certified Mail

GL = Good Luck

GW = Good Will

HELOC = Home Equity Line of Credit

HIPAA = Health Insurance Portability and Accountability Act

IIB = Included in Bankruptcy

IMHO = In My Humble Opinion

IMO = In My Opinion

ITS = Intend to Sue

JDB = Junk Debt Buyer

JK = Just Kidding

LOC = Line of Credit

LOL = Laughing Out Loud

LTV = Loan to Value

OC = Original Collector or Original Creditor

OP = Original Poster

OT = Off Topic

PFB = Planet Feedback

PFD = Pay For Delete

PIF = Pay in Full

PL = Personal Loan

PM = Private Message

PP = Permissible Purpose

RECON = Reconsideration

SOCK DRAWER = Where you put CC's that you won't be using for a while

SOL = Statue of limitations

RTC101T= Read the Credit 101 Thread

SW = ScoreWatch

TC = TrueCredit

TD = Turned Down

TL = Tradeline.. An entry in your credit history.

TU = TransUnion

WO = Write Off

YMMV = Your Mileage May Vary