Hey All!
So I have been in my opinion a success story to MyFico. I started cleaning up my credit around Fall 2015, and began with CreditKarma, filing disputes, paying collecitons etc..
So In January of 2016, I took everyone's advice and started with a Capital One Secured $350 card, and after charging card - maxing and paying offf multiple times a month, after (2) mos. I applied for a Capital One QS1 and to my amazement I was approved for a $500 (unsecured).
That approval I am certain was March 12, so again, utilizing both cards multiple x (and paying off probably average of $200) week payments on each card. I kind of screwed up one month, and the statement kicked out and reported before I could pay off and showed a 99% utilization which killed my score.
Well, this month I got it right, and only had a 20% utilization. So out of curiousity, I have been thinking about a store card, and I just liked the options and sounds of Amazon.com plus I am already a prime member, and they have EVERYTHING you need, and I applied today and was approved today for $800 store card.
(quick question - will this report to my (3) bureaus as well?) - hope so.
Also, today was my (3) mos. anniversary with Capital One QS1, so I applied for a CLI, and they increased me to $1500.
So as it stands today my scores are still relatively low bc of last months HIGH utilization: so I am showing a 610 EQ - 608 TU - and a 692 - EXP
Oh and in February, I was approved through JP Morgan Chase for a 29k car Toyota Avalon $550/mo.
Please give me advice as I want to know what my next steps should be:
Goals:
1. increase Scores to 700+
2. Have a thicker / credit card profile i.e - AMEX, Discover, Chase, with decent limits
3. Have maybe one or 2 more store cards MAX. Only for emergencies etc..(recommendations)
3. Buy Home within a year or 2.
Income is 80k (salary) plus commission, but for all intense and purposes just 80.
I split rent with fiance $550 a piece
I have only 1 student loan payment $83/mo
Then only the above???
Please help me to give me best and fastest way to accomplish goals like some of the TOP contributors in here, I would like to be like YOU some day!! 