Hi, I am new to this board, so I hope my question makes sense. I have 5 credit cards, 4 of them I recently paid off & they have small credit limits (ave. limits $400 - $1000). The fifth card, I has a limit of $1200, which is almost "maxed" out, but I have tried to pay $100-$200 month on it. I have another 2 other accounts with balances of about $750 which are maxed out. My FICO (EQ) score is 657 (it has been going up the past few weeks since I paid off those other accounts). My question is: I have an open line of $15000 which is paid off. Would I be better to combine the balances that I still have that are maxed out and put them on the $15000 credit line which would make my util better? I am going to be refinancing my ARM mortgage end of August and am trying to get the best FICO before t hen because I may want some cash out for remodeling.
Any suggestions would be greatly appreciated. Also, 10 years ago I had filed bankruptcy - should I see any difference in my score since supposedly that stuff would come off? I have noticed in the past sometimes that shows up on my record and sometimes it hasn't.
Thanks again! Lynn
