@Anonymous wrote:I've been working on my credit for the last few years. I had 6 charge-offs entries removed by PFD's and now all that remains are 2 of the OC's marking a $0 balance. I have sent multiple goodwill letters to the remaining 2 OCs with no luck. My score has went from low 500's a couple of years ago to now where it has been around 675 for the last several months with little change.
I have a Cap1 secured card and a Discover secured that I got around 2 years ago. The Discover has since unsecured and the limit has increased a few times and currently has a limit of $2200. The Cap1 card is still secured and has a limit of $700. The phone reps at Cap1 have told me that the card will never unsecure and may never have any more CLI's and that I could cancel it and try to apply for a new unsecured card. I keep all cards payed down below 10% by the end of the month. I also have a bank loan at around $1000 that I am paying on.
Are there any good cards available that I may qualify for in my credit range of 675? Is there any reason that I should cancel the Cap1 knowing it may never upgrade? I am hoping to be able to raise my credit line. Any advice will be greatly appreciated.
With only 2 open CCs dont cancel that Cap-1 until you have more than 3 open as it will cost you Fico points. The first 3 open give a Fico score boost of some sort. The C1 isnt going to graduate they changed their rules on it not too long ago. You can have 2 rebuilders open with them so you could app for their unsecured QS or the platinum though I would hold off as its 3 HPs one on each CR. Who are the banks that you had COs with including the ones you have had removed from your CRs?
