When I was first establishing credit 10 years ago, I was VERY irresponsible.
4 years ago, My credit score was 337!
Judgments, charge-offs, late payments, collections, you name it, it was in my file. I basically ran away from my debts and tried to pretend they weren't there.
I started getting serious about 3 years ago. I started being proactive about student loan repayment/deferment options. I got two secured cards (USAA and Capital 1), paid on time for 2 years, and was then approved for two unsecured cards (Capital 1 Platinum and Spark).
6 months ago was approved for a Merrick Bank and a Quicksilver.
As of yesterday, all 3 scores are right around 600.
With all balances at $0, I did an AOR and went from about $3k available credit to a little under $10k
I'll deal with the short term hit from the inquiries, but I feel like a year from now I'll be at about 700 all around.
On my way to 800!
Congrats on your progress!!!!
Grats on your progress
One thing you dont want all your revolving accounts reporting 0 its a fico score drop, you want to let 1 card report a small balance each month of no more than 9% of its individual CL.
Thanks for the advice.
I use all my cards regularly, and pay the balances in full each month.
I wasn't clear in my OP- my balances were all zero when I did the AOR.
Great job !!! keep it up!