@Anonymous wrote:
First off hello FICO Family ok here's my dilemma I currently have a 640 FICO 8 score I just recently paid jefferson capital( Old verizon bill) off as a ''pay for deletion'' in the amount of 180.00$ on 7/31/2020 just waiting on it to be removed from Transunion,equifax and experian i have 9 Hard Inquires from march 2020 this year they are all auto loan inquires when i was trying to get a vehicle I ended up buying a car cash, I have a citi secured CC 200$ Limit, and a Cap 1 quiksilver 500$ limit and a self INC credit builder loan and my nelnet student loan which is in great standing, on my experian membership thats a total of 4 open accounts, research says 5 open accounts is a good profile build out not sure, Ok there are 4 months left in 2020 my Goal is a 700 plus credit score, my MAIN issue now is should I get an AU or get another CC(Primary Tradeline) to boost my score? the only CC's I can get now with my 640 score pre-qual's are credit one CC's, OR should I get a BOA, Wells Fargo secured card because those are LONG TERM relationship builder cards that will later graduate VS the credit one CC's also I have a friend that has a Discover CC age is from 2011 with a 21k$ Limit on it never missed a payment but His fee is 300$ a month for me to be an AU on it so as you see I have a lot of options But I just dont know which one will help me build my profile out and get my score pass the 700 plus credit score and qualify me for the AMEX entry level everyday card or any good credit card with a 2k$ plus limit and then you have the Infamous My jewelers club I heard it boosts your score too?? I'm really trying to make the best decision any suggestions,feedback, would really be appreciated thanks FICO family
Do *not* pay $300/mo to be an AU.
If you basically dont share all the same info (addresses, etc), there is a good chance the 3Bs anti-abuse algorithm will discard it from scoring anyway.
If the CA was your only bad mark on your credit, I would 100% wait until it comes off your reports. Just be patient and wait the 30-60d (could be sooner or later) for the update amd then you could probably try for a CC you really want.
Also, steer clear of jewelers club. They charge you a big fee amd you are stick buying their stuff. People use it for util padding, and that is the only score boost is if you are reducing overall util, but remember there is still individual util. So not really worth it.
Again, I would just sit back and wait for the score boost if that is your only baddie waiting to drop.
