SHOULD I APP FOR 2 MORE CARDS??

whodatnation2 · ‎01-30-2012

I am in the process of rebuilding my credit. I would like to buy a house within the next 12-18 months...closer to 12. I recently opened an unsecured cc with capital 1. That is my only revolving line of credit. I also have 4 student loans in default, they are currently being rehabbed now. I come out of rehab in August. I also have a car loan, never late. I have quite a few accounts in collections...paid. I just got 4 deleted off of my TU reports . I only have a few hard inquiries within the last 6 months. I plan on sending GW's to the rest of the baddies. I would be applying for secured credit cards. Do you think these lines ...credit cards....would hurt or help me?? Should I stay with just one, or add either 1 or 2 more cards.

Starting Score: EQ 564, TU 560
Current Score: EQ 724, TU 770, EX 789
Goal Score: 740

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AndySoCal · ‎01-30-2012

I would not apply for any more cards now. Getting the student loan out default and resolving any other credit issues first.

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whodatnation2 · ‎01-30-2012

Anybody else...thanks

Starting Score: EQ 564, TU 560
Current Score: EQ 724, TU 770, EX 789
Goal Score: 740

Take the FICO Fitness Challenge

whodatnation2 · ‎01-30-2012

some help please.......

Starting Score: EQ 564, TU 560
Current Score: EQ 724, TU 770, EX 789
Goal Score: 740

Take the FICO Fitness Challenge

namvet · ‎01-30-2012

I'm going to have to agree with Andy on this! Don't think you are ready to apply for a home loan yet. At least not with a traditional lender.

whodatnation2 · ‎01-30-2012

I realize that..I plan on a loan in a year from now. I guess my question is should I open 1 or 2 more credit cards? Would this help my credit score a year from now?

Starting Score: EQ 564, TU 560
Current Score: EQ 724, TU 770, EX 789
Goal Score: 740

Take the FICO Fitness Challenge

namvet · ‎01-30-2012

@whodatnation2 wrote:
I realize that..I plan on a loan in a year from now. I guess my question is should I open 1 or 2 more credit cards? Would this help my credit score a year from now?

Ok the answer is yes it will help. A year from now will make a difference for sure. You will need about 3 open trade lines showing paying as agreed. If you do decide to app for more credit, take your time and put 6 months between the apps. Good luck!

izzesparks · ‎01-30-2012

@whodatnation2 wrote:
I realize that..I plan on a loan in a year from now. I guess my question is should I open 1 or 2 more credit cards? Would this help my credit score a year from now?

Check your PM!!

Starting Score: TU-470 4/11/19, EQ-482 4/11/19, EX-486 4/11/19
Current Score: TU-507 7/18/19, EQ-517 7/18/19, EX-508 7/18/19
Goal Score: TU-700, EQ-700, EX-700

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izzesparks · ‎01-30-2012

Ok check now, lol

Starting Score: TU-470 4/11/19, EQ-482 4/11/19, EX-486 4/11/19
Current Score: TU-507 7/18/19, EQ-517 7/18/19, EX-508 7/18/19
Goal Score: TU-700, EQ-700, EX-700

Take the FICO Fitness Challenge