I discharged my debt in 2010, opened a few charge cards to build my credit. Have been doing all the right things. On time payments, debt on cards never over 30%, paid my car off and my Fico score stays the same. 686 for a year now. Before bankruptcy my score was 750-790.
What is going on? I don’t know what else to do.I have gotten all my credit reports and there it nothing new that should stop my score from moving up. I also have a quetion about the first card I opened to get credit.
Foolishly I accepted a card with an annual fee. There were no other offers at the time. It has no balance except the monthly charge for the card fee. I wanted to close the account, but with my score not moving in over a year, I thought it might not be a good Idea. They charge 8.73 a month.
Any help will be appreciated.
1. What kind of cards are these? Store cards or major credit cards?
2. Are they reporting to the credit bureaus?
3. What is your credit limit on the cards?
4. Have you looked over your consolidated credit report to clean up anything that is not correctly reported after your bankruptcy? See The Get Out of Debt Guy Free and Easy Credit Repair Guide.
Please post your responses and follow-up messages to me on this in the comments section below.