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Sniper762

Please advise next step

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Exactly 2yrs post BK, 15K Penfed and 4.5K Cap1 and all is good. I have an upcoming 10k purchase to make. Should I shop a card to flex out or stick with Penfed on the card, personal loan or new CC account? I have the cash to clear it just want to leverage building.

 

Thank you

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If you only have 2 revolving accounts, you should definitely get a third. It should boost your credit score. Ultimately, for the best score you need five revolving accounts. But the first three will have the biggest impact.

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17 hours ago, nooneimportant said:

If you only have 2 revolving accounts, you should definitely get a third. It should boost your credit score. Ultimately, for the best score you need five revolving accounts. But the first three will have the biggest impact.

I've decided on a PLOC  and pay it off in 13 months as I didn't want the util to be greater than 10% if I decided to app for another revolver. Thanks.

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