Approved for 4 new cards in a week! How did I do?? (Cap One, Discover it Secured, etc)

[Anonymous]

Hey New Family...

long time reader, first time poster.

 keeping it short and sweet. My FICO is around 596-605 (Have about 6-7 collections for Bills, 1 Repossesion still with Original Creditor GM Financial, and a closed Capital One Account for $183 still with Capital One which is affecting my utilization still at 46%) My only Card is Open Sky $200 limit and it gets paid to $0 every Month. Had it about 6 months now, along with an Installment loan from Self-Lender.

This week I got Approved for

Discover it Secured = $200

Credit One = $300 (Going to try and get the AF removed and use it smart just to build)

Capital One QS1 = $300

CitiBank Secured $200 (Well this has been pending for a week now and no Approval Yet, but they text me to call and verify income so hoping that a good sign)

Denied for:

BOA Cash Rewards (Only applied because of Prequalify, this was yesterday so hoping they offer me a counter offer of $99/500 if that even still exist)

So how did I do? I know the SL are small but I think its progression

All advice is welcome and appreciated. Want to Break the 700s by Summer 18'

[Anonymous]

Fantastic work!  Time to garden unless you have no installment loans, then it's time for the Alliant SSL and then garden 12 months when inquiries score as zero.

Manage utilization using the AZEO method (11 rules in my signature link) and your scores will thank you for it.

[Anonymous]

Thanks Man! But won't doing AZEO hurt my utilization if it's at Zero? So it's not good to have all cards report at 0 or 1% Utilization?

The only reason my Utilization is at 46% now is because I still have the charge off Capital One card for $183 that's still reporting. But once I pay that I'll be at 0% Utilization

[Anonymous]

All credit cards = $0 = hurts your FICO score compared to all credit cards but one = $0 and one at 1-8% utilization reported.

Folks who pay down to AZEO (all but one at zero) see a big score increase usually, but if they accidentally pay them all to zero, they see a 10-15 point drop from AZEO.

[Anonymous]

I changed the one card I have been using because I got a great APR and so I accidentally paid off every card and saw a drop of 22-28 points across the three.

[Anonymous]

---

@Anonymous wrote:

I changed the one card I have been using because I got a great APR and so I accidentally paid off every card and saw a drop of 22-28 points across the three.

---

One nice thing about some banks is if this happens, you can make a charge and then call or SM them and ask if they will push a fresh update showing that balance.  Can fix it in a few days!

[Anonymous]

I've been trying to get Alliant to delete the loan they opened for me in error for months now (not just close it, they don't seem to understand this point in the loan department) so I never thought to push my luck and ask for an instant balance push... wow.