Kiana
Jun 28 2006, 02:44 PM
Good afternoon all. I have one crazy question. I have a balance on a secrured card of $400 over limit. I wanted to apply for anther company (just to rebuild) but plan to pay off the balance on secured on a few months. Would it be a waste of my time to apply for another card when I already have a balance or should I just wait until everything is paid in full????
aireyc
Jun 29 2006, 05:48 PM
This may get more response in the regular credit forum. You're saying you have a secured card of say, $500, but currently have a balance of say $900 on it? You'd definitely want to pay that way down, preferably to 0 before applying. You don't have to pay it all off, but the lower the better.