Would this hurt or help credit?

Auto finance is what I do for a living and as long as everything is as you describe, one more open line of good credit paid as agreed will do nothing except help your score and profile.

Well, as long as you keep the balance of those 4 CC's well below 30% of the combined available credit, you should be ok. Like Spifi said, having multiple accounts revolving (4 credit cards) and installment (2 car loans) will provide a mixture of credit usage to help out your score. Before you take out that 2nd car loan, I'd get those balances down first to get your score as high as possible to get the best interest rate possible.

As long as you DON'T get in over your head and pay everything on time AND your open credit line is NOT above 30% of your income, you should be fine.

But try to NEVER pay past the grace period and if possible pay the credit card balance off every month.

I don't think it would hurt, again as long as you stay current on everything.

It's hard to say whether it will do anything real significant to your credit scores. Make sure you keep your revolving balances under 30%.

The best think you can do it REMOVE the bankruptcies from your account by disputing them with the credit bureaus.

I've done it for myself and I do it for my clients everyday. Find out how:

here's a good read to help you with your concern

have a great day

Link below is a credit score calculator that takes you through all of your points. It explains everything quite well. Please give it a try:

http://www.truecredit.com/help/learnCenter/welcome...