Hey all!
I'm a recent college grad trying to build up a stronger credit profile. Currently I have three accounts reported on my credit file:
First one for $9.5k - opened 6/2007
Second one - $478 - opened 2/2008, closed 7/2009
An auto Loan - $10k - opened 2/2010
So, I only have one open revolving tradeline and an auto loan from a local CU, and my history is pretty short, but I don't have any baddies on my report. The closed card accounts were PIF when closed (due to the absurdly high AF for such a low CL). I guess I should add at least another CC, but is it too soon at this point to do so (my auto loan just hit the 6 month mark)? Because I was shopping around for a decent rate for my loan, I have a few hard inquiries on my CRs (EX - 3, TU - 4, EQ - 1); is that going to cause problems getting credit?
Any suggestions and advice would be greatly appreciated!
The only way to build your strong credit profile is to pay the debt on the time.
building credit
Hi Altor,
I think you can try getting another credit card to improve your credit. Shop around for cards with low interest rate. Actually closing down accounts hurts your credit.
As for the inquiries, these are legal ones. So, it won't be possible to remove these.
Thanks,
Aaron