I cannot thank the members of these forums enough for all the amazing info...sorry in advance if post gets long!
Was never one to utilize or pay attention to credit as I should have been as financially was always able to pay cash for cars, paid off mortgage after 5 years and etc. so my credit scores were never "gardened". I have 1 cap1 credit card with a small $1350 limit that I never really used and kept a small running $200 balance on, have had for close to 20yrs
Anway this past January decided to look at possibly financing a new vehicle and found out my scores were all around the 610 level as an "extended" family member used my info for some utlities, small credit cards and etc. that went to collections that I wasn't aware of (since resolved with credit monitoring, etc.), lesson learned! HP may have even lowered them a bit.
After a lot of effort, disputes, documents and phone calls my current scores are:
EX 768 EQ 762 TU 645 (just got off phone with TU and last collection was removed today, so hoping for similiar 100+ pt bump)!
With all that I guess I'm considered a thin file as less than the ideal 5 open accounts. Once TU is resolved and scores updated, I'll be adding an auto loan which after the initial point hit should help. Other than that what are the suggestions in order to get to my ultimate goal of a member of the 800 club? Is there anything that will give an immediate bump or will I suffer the small point hits until whatever various accounts I may go with start reporting and etc? I know the simulators are not very useful, but in messing around it showed a 40pt hit or so in just getting another credit card with small $5k limit...
Thanks again for all the amazing info!!!
Thanks for the reply!
Did the Disco pre-qual and got a specific 14.24% apr, not a range, seeing a lot of love for Disco out there. Not a huge Amex fan or traveler but thinking between them and either Citi or Chase...
Also I'm assuming I should get the auto finance locked in prior to hard applying for any new cards in order to get the best rate and then should I spread out the new couple of card apps? Looking for as much of minimal score impact as possible.