152 People Helped
Member Since: July 2013
CK's new site is really bad. I have never liked the report format used by all the bureaus, and now CK has regressed to this method. I can't see a quick view of my total card line vs. card debt - which was very convienient. Also, the time it takes to get a score update seems to increase with every new upgrade. CK will find my login rate will begin diminishing.
JCjim's response was:
dbat, Very interesting perspective, and some things I never consdiered. Your take on the "mysteries" of scoring alogorithms make a great deal of sense - certainly, these seem to have worked out well for you.
JCjim's reply was:
Title says it all.....
The Easy Response: Depends on your current score. The higher the better - more importantly, less initial impact on your score.
Given that you have 1 merchant card with a 300.00 limit, and assuming you have a positive report (no late payments, derogatory comments, etc.), it makes sense to apply for a non-merchant credit: This will have an initial negative impact, but your score will improve more quickly over time (higher total credit limit, additional account, etc).