Need your thoughts on my portfolio and what do you think my plan should be going forward.
Barclays - $3,800 (0412)
PNC Bank - $17,500 (04/12)
Amex Optima - $1300 (03/99)
Orchard MC - $900 (10/07) (secured)
Affinity Plus CU - $10,000 (08/11)
Macys Store - $2,500 (09/11)
Wellsfargo Visa (AU) - $4,000 (02/06) (authorized user)
AFCU Auto Loan - 36k (29k balance)
USBank Student Loan - 16k (10k balance)
Plains Commerce secured - 300 (03/12)
PNC Secured - 300 (04/12)
INQ - TU-5, Ex-5, EQ-10
Paid off each month before the cutoff days for last one and half years on all cards. All has 0 or close to zero balance atm. Plan on getting a home loan in February 2013.
Your profile still has remnants of your Paleocredit era. You should consider killing Orchard (the age is not an issue here)
I am pleased to see PNC bank gives decent limits. Overall, while your total account number is low, you have an excellent set of core cards. The two installment loans are helpful, but only get you so far.
If those are FICO scores, I am curious to learn why EQ is so much lower; the inquiries alone do not explain the score variance. IF they are FAKOs, then ignore them.
Your grade is a B; it would be much lower if you had not made so much progress in the past 10 months. I recommend you sit tight until all your card accounts are 7 months old
ETA: I forgot about your post updating your portfolio. I just submitted a grade revision to the registrar's office. New grade B+
Edited by hegemony, 02 June 2012 - 05:52 PM.