Atahualpa14 wrote:Basically I'm part of the same old song "young and irresponsible makes my future seem impossible, maxed out all my credit cards which gave me poor credit marks. Yet now I've seen the light and my future looks quite bright, but I need some good advice so I can cure my dog's head lice"
I must be out of the loop on popular music. Is this what kids listen to these days?
Atahualpa14 wrote:3. I have an secured CO with a $250 limit, I use up all the money on it every time an pay it off over a 3 month period. If this a bad strategy please tell me now! Is it better to just use a little bit and pay it off in one payment or perhaps pay off the entire amount in one installment? Thanks for the advice!
This is a question about utilization. You do not want a maxed out card to report, ever. Use it as much as you want and then pay it off before the statement closes
. You may have to make multiple payments each month. That's ok.
Atahualpa14 wrote:4. Chase is my current bank and I usually have an available balance of 1500 every month after bills are paid, will they factor this in if I apply for a chase card?
Maybe, but at a score of 550, you're wasting your time applying for a Chase card right now. You have a long way to go.
Atahualpa14 wrote:5. I have 7 hard inquiries since jan 2012 and two of them were for rental agreements I had no say in, I was not the prime applicant and it was done without my consent, can I get these pulled?
I'm not sure exactly how this worked. Did you apply to live in the apartment? How do you not have say in a rental agreement?
Atahualpa14 wrote:6. If anyone had a similar score to mine but now has a rock star FICO score, can you tell me how long it took and/or what were some major things that affected your score?
In November of 2010, I had a CreditKarma FAKO of 529. I had multiple lates on credit cards and student loans. They've since been removed or have aged off. Now, I have a 729. CreditSesame has me even higher at a 752.
Use what you have responsibly and work on your derogatory accounts. Time is the only thing on your side.
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