Opting In?

[A Credit Ed]

I am currently opted out of promotional offers from CRAs.  What are the pros and cons of opting back in? 

 

I'm on the tail end of rebuilding.  The last time I was late on payments happened in April of 2015, so those will dropping off naturally in less than a year.  (Except for one 30 day with BofA in  2018, still not sure how that happened.)  I have a couple of collections from Portfolio Recovery that are scheduled to drop off in Aug (EXP) and Oct (TU) of this year.  Waiting on hard copy of EQ to see when PRA drops off that one.

 

It would be interesting to see what offers come my way when the collections drop off this year, and again when the rash of lates drop off in May of next year.  I currently have 7 credit cards, 2 are less than a year old, with limits running from $1,500 to $12,000.  Looking to add 2 more a year, hopefully with limits above $12,000, and asking for CLIs in a judicious manner.  FICO is currently 720'ish and I'm using ~15% of available credit.  All cards are well under 5% except for a no interest balance transfer card that is currently at 62%.

 

 

[cv91915]

Pro:

 

You get prescreened, firm offers for credit.

 

Con:

 

None.