Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
Arethereanyleft

0 Contributions
0 People Helped
What do I do next?
I've been working on my credit for a few months. I currently have a 622TU/628EQ. No collections, 2 credit cards which have had low balances and paid regularly. No loans. I had one account for a furniture place which I paid off a few days ago, so that's not reflecting yet. My age of credit history and number of accounts are low. Only two inquiries. I truly don't know what to do next to help my score. Do I just keep using my cards as they should be and be patient? Should I attempt to get another card? Any advice greatly appreciated!

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
495 Contributions
212 People Helped

Another card would drop your score in the short run, but help in the long run as long as you keep your balances to under 10%. A car loan, personal loan of some type would help increase your score as you have very little credit lines and no diversity which is something most score models look at. But yes I would suggest another card or two to help in the long run.

Top Contributor
7816 Contributions
1456 People Helped

3 credit cards and one installment loan reported to all three credit bureaus are the BASIC, just the basic, credit building tools. As already said, you will damage your credit in the short run, but you have to in order to build good credit in the long term.

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.