Hello everybody,
Like the title says, I am new to the credit system, for I am a new immigrant to the US. After a week or so of reading the forum, I finally managed to locate the Register button and thought about opening a threat and asking for help.
I have only started building credit this year.
In January I was approved for a Capital One Platinum (unsecured) for 500 dollars. Currently, they have increased that limit to 2,000.
In June, I applied and was approved to a Discovery it card, also unsecured, with a limit of 1,500.
Last week, I was appoved for an Amex Everyday Credit Card with a limit of 2,000.
My husband's credit is really bad, so I added him to the CO and the Amex card as authorized user in the hope that it would give him a boost.
I have no idea what my scores are. CO puts me at 756, CK in the low 700s, while Discovery claims I have an EQ score of 711. I tried to pull my official scores a couple of months ago, but my account was too new and produced no results.
My negative - other than the low credit history - are the low number of revolving credit (did I read it right that I should have 5 revolving credit?), and lately the inquiries (for a reason that escapes me, Direct TV went for three hard inquiries in the last month - I moved and had to set up an account with them). I have 6 hard inquiries, the first of which happened in January 2014.
My question is - what next? I will let the credit cards gain some history and weight, I will probably try to change my CO into a rewards card 9if possible) in late fall/early winter, but I am not sure what else I could do. I have been considering taking a small loan, preferably unsecured (if they approve me), with my husband as a co-signer ( but won't his 540 score drag me down?). Should we go for a secured loan? Should I try for an unsecure loan myself? I don't have a steady income, but my husband makes enough and I have always been very conscious about paying my debt on time.
Thank you!
