- Green Member
- Posts: 18
- Joined: Fri Sep 27, 2013 7:35 pm
- Location: New York, NY
I am new to this forum and need all the help/advice I can get. Here is the good the bad and the ugly...
For starters I have a short credit history. Lenght of credit history is 5y11mo and average acct age is 2y10mo. The oldest acct was a car loan that I was never late with and paid off prior to obtaining a credit card in 2011. My first card was from Orchard bank (HSBC) now belonging to Capital One CL 300 I have never been late with a payment. I also have a Capital One MC again limit of 300, also never late. I obtained a Rewards card from best buy which changed hands 2 times and now belongs to Citibank, also limit of 300. It went from HSBC to Cap One then to Citibank.
I also have an Old Navy card (GEcredit) with a limit of 820, an AMEX green card which I PIF each month with an average bal of between 1500-1890 never missed a payment in 17months. Finally I have a Care Credit acct from GE capital with a limit of 9000, and a bal of 7200 and I make monthly payments and I have never been late on this acct either 14months. Needless to say I feel I have enough revolving credit I feel anyone should have.
am not interested in obtaining another card but want to work with what I have to increase my credit limits so I can decrease my utilization.? Did I say that correctly? I am also interested in upgrading the cards to a more premium cards within capital one and citibank if that is even possible. If I get one more subpar CC offer I will scream!
Looking at my credit reports, I have 2 derogetory entries that I am disputing, and a judgement that has been paid in 2011 which I am not disputing. One of the derogatory entries has an unknown ssn associated with it so I am hopeful this will be removed promptly. The hard inguries I have are from credit I have successfully obtained. EXP has one from amex due to fall off 4/14, TRU has one from GE due to fall off 7/14 and EQU has two, one from old navy(gecredit) and the other from the orchard card (now Cap One) both will fall off November 2013. There were additional issues ie) apparently I married my brother in law?! Uh I think not...and my income on TRU was listed as 910 per month. I fixed that my income is fine (over 100k). Not sure that even matters, but its worth entering the correct numbers right? I have not been a victim of identity theft to my knowledge, but each agency has been alerted to all improper information and they are investigating.
The balances on my 3 "300 club" cards are around 100 each. I need to break out of the 300 club.....
I am petrified to ask for credit increases, but honestly having these low limit cards defeats the purpose of having one. I truly though if I continued to pay on time I would get automatic increases but that has not happened. Is it because the cards changed hands a few times? I just don't know and I am besides myself and feel my faith in the system slipping. Are these cards destine for the sock drawer? I am also petrified to apply for any other credit, and if that is the advice I get I am telling you I will probably not do it, I have just about zero confidence in this area.
My scores are 610/610/633. I need to get my scores up and just dont know how. Can someone with some experience share your thoughts.
EQ 9/2013 610; 5/2014 732
TU 9/2013 577; 5/2014 799
EX 9/2013 610; 5/2014 742
Amex Green Card member since 4/2012
Cap One limit 300 starter card was orchard bank now Cap One (5/2011)
Cap One limit 1820 starter card (4/2011)
Best Buy limit 300 starter card was HSCB then Cap one, now Citi.(11/2011)
Banana Republic (GEMB) limit 1100 (5/2011)
Care Credit (GECRB) limit 8900 (7/2012)
Amex Delta Sky Miles limit 2500 (11/2013)
Chase Freedom 4500 (5/2014)