Quick question

[Anonymous]

Ok guys ... Currently i am in a rebuilding phase. I have two student loans open and I am an authorized user on a capital one card with perfect history. In the next month or two i will hace more open accounts hitting my reports. The new accounts are a capital one card, opensky secured card, a personal loan , and a self lender loan. I currently have the money to get a discover it secured card but would it be a good idea? My fico scores are tu 610 eq 602 and ex 585

[Anonymous]

See my signature link for my 11 rules to rebuilding.

Based on my experience, FICO wants to see you with 3 credit cards of your own -- secured Discover is a great addition.

Eventually, for the most FICO points, you actually want 5 credit cards of your own, but you get dinged going from 3->5 for a period of 12-24 months.  The first 3 cards you get are "free" points.

Once all the cards and loans appear, you may see a nice boost -- you could get anywhere from 30 to 60 FICO points as long as you manage utilization using the AZEO Method (in my signature link).

[Anonymous]

Thank you for the information. 60 points would be nice =) .... I just hope my scores will be around 650 or more in 6 months