Any help is appreciated I have many questions

[Anonymous]

I currently have a 

735 Trans Union 

742  Experian 

736 Equifax

I am working very hard on my credit but have a few questions please.

I currently carry these cards: 

Amex gold unlimited credit 0.00 balance. Authorized User ( however its never been used by anyone but me ) my mom got me started.

Amex Blue $5,000 limit 0.00 balance Authorized User same as above opened in 2006 

I actually just this month paid both of these off! 

Household Bank ( Capital One now owns ) 500.00 limit 0.00 balance Individual opened in 2010

Capital One 500.00 limit 0.00 balance Individual opened in 2007 

Capital One 2,250 limit 0.00 balance Individual opened in 2010 

I charge on these monthly and pay balance in full monthly.

Barclays Carnival Cruise 8,000 limit 2,000 balance Individual this account is 4 months months old 

My plan is to have this paid in full this month.

Discover 10,500 limit 4,100 balance. Individual opened Aug 2011

I will have this paid in full by March 2013 

My question on my cards is should I keep a balance? Does it hurt if I pay them off monthly and keep them paid off awhile. I do not like or want a lot of debt but if I need to keep balances for better credit then I need to know this Should I consolidate the 3 Capital One cards I never wanted 3 cards from them but Household sold so that is one reason the other reason is the first card I got  was only a 500.00 limit and when I asked for a credit increase after 2 years of great business they sent me another card and I was told the card I had was only a $500.00 limit card but now I'm stuck with 3 Capital One cards Should I close 2 of them what should I do ? 

I have done business with my bank since I was 18 I am 39 I have a great repor and told them 

of our desire to build a home. I shared with the banker my credit goals. 

She suggested I open a $5,000 CD ( I did not want or need a loan just wanted credit) The CD  shows secured loan on my bureaus.

This line of credit is taken out monthly on the 18 th for $216.00 and has never been late it is 6 months old

I have never been late on these accounts. No 30/60/90 All 3 bureaus reflect the same information.

1 Auto Loan ( Joint)  Hight Credit 24,288 opened in April 2007 Closed June 2010 but on Equifax last reporting is 10/2011

This account shows 2/30  and I have disputed this information. Chrysler closed down and my account was bought out the 2/30 

shows the last 2 payments of the loan however the 39 month history all payments were current :/ my payments were on time 

but they did not get posted on time due to twe buyout ! I've tried and tried to resolve this ! 

WHEN IS THIS ITEM SCHEDULED TO DELETE .............. Or is it not in my best interest ? 

2. I do not have a mortgage loan or any legal nor have I ever filed bankruptcy. I am subscribed to 2 credit reporting companies that notify me 

immediately if there is a change. I use Transunion and I have Zendough. I pay $14.99 a month and 9.99 a month. 

3. Sun Loan Company a "b" loan company that loans up to 1,000 only . This account was opened in 4/2006 last reported 01/07 but Equifax reports it 

10/012011 Individual account 1 year history and they are reporting my last payment over 30 days. I was never late with them. I have disputed this item several  times.

WHEN IS IT SCHEDULED TO DELETE? .. ............. Or is it not in my best interest??? 

4. Zendough says I'm utilizing 27% of my credit . Is this good ? 

My available credit is $19,367  is this too much ? 

My credit balances is $11,645 on Zendough but actually I only owe $6,000 now . 

Depth of Credit is 10/06 ? WHAT IS THIS ? 

I show to have 11 accounts 8 open and 3 closed accounts and 1 delinquent 

6 credit cards 1 Auto and 4 other . 

Payments show I pay $381.00 a month but I pay more than that ! I never pay minimums I always try to pay this stuff off ! 

5. In regards to inquiries I have 1 in 2010 3 in 2011 and 2 in 2012 

My ultimate goal is to have the highest Fico score I can. I have considered transferring my Carnival Cruise card to my Discover but I do not want the lenders to think

I am having financial difficulty BECAUSE IM NOT IN ANY FINANCIAL TROUBLE AT ALL ! I am also afraid this will lower my score . Does anyone know the answer to this ????

At the beginning of the year I want to charge my monthly expenses to one card to REDEEM ALL THE POINTS .. I would be charging about $3500.00 a month and paying in full every month. Is this healthy? WHICH CARD WOULD YOU DO THIS WITH AND WHY ?

Im sorry if it his post is long and I pray someone will read this and help me the best they can I have put my heart and my soul into this and I'm hoping someone can answer my 

questions. 

Thank you so much

ATouchOfClass

Texas 

[Shogun]

Hello and welcome to the forums.

Overall picture of your CR is good.  There's really nothing to worry about.  I'll try to break down your questions and answer best I can.

1.  The auto loans.  The account should continue to report for 10 years after the account was closed.  The late will fall off on it's own 7 years from it's date of occurrence.  The account is adding to your AAoA.  The late lost it's sting after 2 years.  Don't delete the account.

3.   Kind of the same as #1.  The late has lost it's sting, will fall off soon.

4.   If you only owe $6000 now, that's better, optimally you want your util below 9% but you're doing OK.  Keep paying it down.  You don't have to carry a balance at all on the cards.  If you show some occassional activity and PIF then you will be doing great.

Overall, keep paying down that activity.  You've done well so far, keep it up!

[Anonymous]

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Thank you I hope more read and reply so I can get some more insight .. Again THANK YOU 

[llecs]

Welcome to the forums!

I'd suggest reading the following:

Common Abbreviations

Credit Scoring 101 - great for knowing what is in your credit score and to see how your score is impacted.

What Steps Do I Take - great for learning the repair process.

and Example letters - PFDs, GWs, DVs, etc.

For max FICO points, pay all CCs to $0 except for one and get the remaining to a balance under 9% of the CL.

Nothing wrong with keeping $0 balances. Just be sure to use at least each card once every 3-4 months or so just to keep them active and to keep them from closing.

I wouldn't recommend consolidating the CapOne CCs. It probably is impossible anyway. If you want to close one or more due to fees, there isn't anything wrong with that. 

If the loan was closed in early 2010, then I'll assume the lates were prior to the closure date. At this point, per FICO, the lates aren't hurting. I personally wouldn't do anything out of fear the loan deletes.

For the CMS usage, you can save $$$ by cancelling Zendough. The service offered by TU (called TrueCredit) offers the same info as Zendough with the exact same alerts. 

The Sun Loan will delete 10 years from the date of closure, whenever that was.

27% is high. I'd work on that.

Per FICO scoring, it doesn't matter how much available credit you have.

I have no idea what depth of credit is. Oldest account? I dunno.

Payments is the sum of the min. payments reported by your creditors.

The scores you have aren't FICO scores, assuming all 3 came from the same source and that source wasn't a lender, then none are FICO scores. FYI. In any case, your FICOs can increase by paying down revolving balances. I bet that'll net an additional 20-30 at least. You have relatively new accts. Letting them age without applying for more will net more.

Transferring balances won't decrease CC util and that won't improve FICOs. However, adding another $0 balance could help a tad. 

Of your CCs, and Amex aside, I think your Discover offers better deals per usage.

[Anonymous]

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Thank you for your suggestions on the  reading material ... Off to more reading I go trust me I am so appreciative of all  your advice and all your suggestions THANK YOU !