No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I'm currently gardening the cards I have. Scores are in the 700's. My bank offers a credit builder program with terms ranging from 12 to 24 months and a maximum loan amount of $3,000.00. This month mine closed. It was for 1K and was a 24 mo. term. Is there any benefit in opening another one? I have another installment (auto loan) thats at 80% util. Any advice is appreciated.
Actually no, you already have an installment that's open, and one that's closed that's adding to your AAoA. Installment loans actually factor in pretty low. Your scores are high enough now where you should get some pretty decent revolving accounts, they factor much greater.
@Shogun wrote:Actually no, you already have an installment that's open, and one that's closed that's adding to your AAoA. Installment loans actually factor in pretty low. Your scores are high enough now where you should get some pretty decent revolving accounts, they factor much greater.
+1 I paid off my secured loan in full once I opened my auto loan as well. You just need 1