scgt1

My fiance has a couple cards the ones of mention are:

A New York and Co. card that was opened with a credit limit of $500. Only about $80 was charged to this card. Payments were made on time and correct. The card has been paid off for over a month now with zero balance.

Citi card through Rooms to Go (which they don't offer anymore they offer their own branded card)The Citi card has a $7500 credit limit on it with an available balance of $4185. This card is paid on a monthly term on time each month.

The question is for card one. Would it be better to close the account (Its only a few months old with other cards that are open with years on them) or lower the limit from $500 to say $25-$50 since she doesn't plan to use it anymore.

The second card would it be benificial to lower the Citi card to $3500 since the due amount is $3300 something.

All to open more available credit for her to have the options to apply for more cards in the future. She has tryed to in the past and always is turned down with a letter in the mail a week or so later with the usual too much tied up credit notice. With closing the first or substantially lowering it and lowering the 2nd it would seem she would free up about $4500-4700.

Also how long would these changes take to show on her credit when applying for more? Can this process be accelerated via calling the credit buero (sp) or something?

Also any links for credit building credit cards for those with bad credit. My ex wife trashed mine and I've been fighting to clear everything up. Of course unfortunatly I have a foreclosure on mine since she commited adultry and left me to pay all the bills which I just couldn't do even working 2 jobs basically around the clock.