roland wrote:Mediocre credit. I'm looking for what I can do better, or what else I can do that I might be overlooking. So I'm looking for your advice.
applied for a couple more mediocre cards (this and the car shopping give me 7 hard inquiries)...denied, except for...
So...what can I do to better my credit situation? I'd like to improve it to the point where I don't have to settle for mediocre cards in the future, where I can get good rates on loans, and when I reach the point in my life where I'm ready to buy a house I can get a decent rate on that too. I know it won't be quick, but I'd hate to spend 5 years runnin' down the wrong path.
Others should be warned. NEVER, NEVER, NEVER allow a car dealer to pull credit!!! They will give you a dozen hard inquires then tell you your credit sucks and they can only lend you at high rates. If you must finance a car, always go to a bank first, arrange your financing, then buy from the dealer. If the dealer can beat the deal, fine. But have the backup plan and car price settled in writing first!
As for what you can do, be patient and very responsible with your credit. There is nothing you can do but allow time to pass.