I have made significant strides with my credit since joining this board last year. I want to thank everyone that has advised and posted things that have helped me along this journey.My situation now
Credit scores
Eqfx Tran Exp
| 2/10/2019 | 627 | 630 | 627 |
| 2/20/2019 | 591 | 604 | 599 |
My credit scores dropped I believe because I paid off two old accounts which I discuss below and a hard pull for Wayfair and Cap 1 Quicksilver.
I now have four credit cards:
1.Cap 1 Platinum secured with a $1300 credit line. I opened the card May 2018 with a 1000 credit line and received a 300 dollar increase from Capitol one late last year.
2. Discover IT secured with a $500 credit line. I opened the card Nov of 2018 with a 300 credit line. I later added 200 dollars more so my credit line now is $500
3. Open Sky with a $200 credit line. I opened the card Jan 2019 and I have no intentions of increasing the credit line.
4. Capitol One Quicksilver One. I opened this card by seeing what cards I qualified for on Capitol Ones website and boom it approved me for a $300 dollar limit. I opened this card January of 2019.
I always let one card have a small balance to report. No more than 10% of my available credit. Strange thing is the Open Sky card still has not been reported to the credit bureaus.
Things dragging my credit down
I paid off two things-an old secured card from Wells Fargo($238) and a electric bill that popped up that I had a letter from the electric company showing it was paid off. It was a mistake on the Customer Service rep as it was not paid off but nevertheless I had the letter. I went ahead and paid the $374 and sent a letter to the Helvey and Associates saying I though this was paid off. I included the letter from the electric company and asked them if they would delete it. No response from them yet.
I only have two baddies left-one that will drop of Sept of this year($244) and another baddie that is $250 that wont drop off for several years.
Whats next?
I am not sure what I should do next. I have four credit cards now that I take good care of ie always pay before the statement cuts. I also have paid off two baddies which seem to have hurt my score but I also have two baddies left.
1. Should I pay off the other two baddies? I am now reluctant to do that because paying off two others appeared to have hurt my credit scores
2. What can I do to improve my chances of being approved for non secured credit cards? I still want to get an Amex-any Amex-one day. That is my goal. I also understand that Discover may unsecure one day and maybe Quicksilver as well.
3. I made the mistake of applying for a Wayfair card(I got a popup on their website) but it gave me the dreaded 7-10 day notice. I still have not gotten a letter from them and I dont think I should apply for any more retail cards(though a WalMart card would be nice)
4. I want to buy a pickup truck later this year so I need to get my scores 100 points above what they are now. Is that even possible?
Thanks and I look forward to any responses.
