JCarter wrote:I would increase your credit limit on the first secured card, and go ahead and get another one. After that, get yourself 6-12 months of solid history built up before attempting American Express. Also plan on your scores needing to be atleast ~720.
Is there an amount you would suggest? I'm assuming a credit line of $300 isn't going to get me anywhere fast.
Maybe this is an arrogant question, but I'll ask it anyways.
Does anyone think I am more likely to get out of this "bad position" regarding my credit, based on my scores and considering that I only have 2 negative marks on my credit?
I think I forgot to mention that 1 baddie was Capital One and the other was the collection agency in which the account was referred. I just paid that off December 2011. Account was open 4.5 years ago.