i have 5 credit cards , reporting a total of 2 % utilization. i only really use one of them as it has a really good intrest rate 4.95% but low limit on the card its that credit unions max amount for consumer at 10k. now that i know this i wont close any cc accounts , but ill pay off the 300 bucks on the other card im using and store that with the others for rainy days and emergincies only. So with that ill focus on getting the 10% mortgage paid off as fast as possible to get my mortgage's down to 1 active 1 paid off positive trade line and then look at what i can do to pay off the other debts down and get the total accounts slimmed on my profile but thats going to take alot of time.
Sounds like a plan...it is really not complicated to get high scores...just pay the bills and wait. The waiting part is the hard part, but history takes time, and there are no magic tricks you can use as a substitute.
I will repost here a post from long ago that was posted by a member describing what the scores really mean...best post ever by NewWorldMan
09-19-2007 08:13 PM