Hello all, I just refinanced my house. In doing so, I paid off my car and computer loans. The month before I also paid off a personal loan. I am anxious right now to apply for one more credit card (have 1 Cap 1 card w/2000 limit) and 1 retail card to have the FICO mix. I know I should wait until everything posts because my score should rise with paid/closed accounts. Someone please stop me!!!!! FYI Experian is my best report. Equifax stinks due to incorrectly reporting my car loan. Trans Union is in between, not exactly sure why yet. Mike G.
I won't try to stop you. I will say that you could probably get the retail card without waiting, since your score is probably high enough anyway. A decent bank card, however, will require some strategy, patience, and luck.
BTW, I think WalMart and JCPenney pull Experian. If Equifax is bad, you should probably avoid the full-priced department stores for now.
