aspire Posted April 13, 2007 Report Share Posted April 13, 2007 Secured loans, authorized user... Link to comment Share on other sites More sharing options...
TheRoadBack Posted April 13, 2007 Report Share Posted April 13, 2007 what does the rest of your cr look like? Link to comment Share on other sites More sharing options...
aspire Posted April 13, 2007 Author Report Share Posted April 13, 2007 FAKO 620/615/619Capital 1 CC - 2000Auto loan2 collections - should be deleted in few weeks Link to comment Share on other sites More sharing options...
acenstace Posted April 13, 2007 Report Share Posted April 13, 2007 just add another cc account and make sure that you are not late on any of your payments, if you cannot get approved for a cc go the secured route Link to comment Share on other sites More sharing options...
UNCForest Posted April 13, 2007 Report Share Posted April 13, 2007 From what I've gathered..Doyou best to eliminate baddies.Get around 3 (eventually) credit cards. Pay on time, only use up to 30% ofavailable credit. Get as high limit as possible.Get an installment loan. A secured loan is great for this. Get one or two, whatever you can handle. Car loans, etc.Pay your bills on time. In 6 months, you probably will be sitting pretty. Link to comment Share on other sites More sharing options...
aspire Posted April 13, 2007 Author Report Share Posted April 13, 2007 I don't think I can get approve for a CC with good terms/no fees.I wanna open two secure CCs ($1000 each) with BB&T and BofA. Is it good idea?In total I will have:Capital One - 2000Auto loan - 9500Sec.CC#1 - 1000Sec.CC#2 - 1000What other steps I can take? Link to comment Share on other sites More sharing options...
lyle7289 Posted April 13, 2007 Report Share Posted April 13, 2007 Secured loans, authorized user...Both would do it....FICO score would like to see a good mix of credit with age. That mix includes revolving accounts and installment accounts.Age and utilization are very big factors as well. This is why a lot of people are us AU's as a way to "boost" thier scores because of the seasoned trade ine. Link to comment Share on other sites More sharing options...
aspire Posted April 15, 2007 Author Report Share Posted April 15, 2007 How long should I be authorize user to boost score? If after few month I will cancel AU is it lower my credit score? Link to comment Share on other sites More sharing options...
someonesomewhere Posted April 15, 2007 Report Share Posted April 15, 2007 Besides the collections that drop in a few weeks, any other bads? You should get a noticeable bump after the collections go away. Link to comment Share on other sites More sharing options...
Gandolf Posted April 15, 2007 Report Share Posted April 15, 2007 Some of this just takes time man. If you can get those collections off your accout and just pay your bills ontime for 6-12 months, your credit should be great and it will continue to get even better the longer your history is established, up to a certain point. Link to comment Share on other sites More sharing options...
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