KayveBear's Running Credit Thread

[PotO]

Thanks for the feedback. Makes perfect sense now. These two accounts are my first new accounts in over 15 years. When I was younger I completely ruined my credit. So for the longest time, we just did everything in my wife's name. Long story short, about 5 months ago I went to a credit repair company to finally fix my credit (I assumed it was still horrible). To my surprise, everything had fallen off and now I realize that being an authorized user benefited me a little. My scores at the time were between 730 and 755. They told me that they couldn't really do anything for me. So I walked away feeling good. A month or so later I applied for the cap 1 and sapphire. And here we are.

Thanks again. I'll just relax for a bit now. 6 months to a year maybe?

You have seen now that time heals all wounds (well, almost all wounds) and now you are on a path upwards.

 

How old are your wife's accounts? While AU accounts can help a little, as you have seen, if her accounts are old and you were a joint owner, you'd be gold right now. I added my sister-in-law fresh off the boat -- so to speak -- as a joint on two of my very old accounts and AU on three more and now in under three years she's amassed nearly $200k on her own.

 

The way your profile is now, I'd say wait a year even two. Accounts can still be considered new when under 2 years old. You might, though, consider another Chase card as long as you don't have 5 or more cards reporting that are under 24 months old. AmEx might give you a go with a card with a low limit. You can easily build that up later on. Other than that, sit back and enjoy the ride.

 

Oh, it would be a good idea to start a new thread such as "Veggie's Credit Journey" or something like that. Hate to derail KB's thread further.

[kayvebear]

It's ok. I like the attention.

 

You are on the right track Vegan!

[kayvebear]

Discover gave me a 5k cli today on the luv button. They needed a couple days to review but I just got the email. 36.5k now on discover !

 

Not bad

[kayvebear]

Discover gave me a 5k cli today on the luv button. They needed a couple days to review but I just got the email. 36.5k now on discover !

 

Not bad

 

Just realized that this 5k increase from discover gives me over 600k in revolving credit. Broke the 600k threshold

[Konrad2012]

 

Discover gave me a 5k cli today on the luv button. They needed a couple days to review but I just got the email. 36.5k now on discover !

Not bad

 

Just realized that this 5k increase from discover gives me over 600k in revolving credit. Broke the 600k threshold

I'm jealous of your $50K grandfathered Walmart. They won't give that limit anymore.

[kayvebear]

 

 

Discover gave me a 5k cli today on the luv button. They needed a couple days to review but I just got the email. 36.5k now on discover !

Not bad

Just realized that this 5k increase from discover gives me over 600k in revolving credit. Broke the 600k threshold

I'm jealous of your $50K grandfathered Walmart. They won't give that limit anymore.

 

 

Really? Cool! I would have to check this thread, but I am pretty sure that is the first card I ever got to 50k!

[kayvebear]

TU Fico just came in for me at 821! Wow.

 

That is a new record for the kayvebear

[RocketGoBoom]

 

Discover gave me a 5k cli today on the luv button. They needed a couple days to review but I just got the email. 36.5k now on discover !

 

Not bad

 

Just realized that this 5k increase from discover gives me over 600k in revolving credit. Broke the 600k threshold

 

 

 

Do you ever get denied based on "over-extended" or some other reason that indicates you have more credit available than you need?

 

My wife recently got that and she is at a fraction of your revolving credit.

Her scores are all 780+ and at 1% utilization and a mostly (2/3) paid off car loan on her file.

They seemed to just deny her based on she already has 8 credit cards and they add up to about $80,000.

 

I would guess that your credit file is likely in the top 1% for available revolving credit for profiles that a credit review department might see on a daily basis.

They are probably somewhat shocked when they add it all up.

I wonder what goes through their minds. Are they sarcastically saying, "yeah, this person clearly needs another $5,000 in available credit."

Edited November 3, 2016 by RocketGoBoom

[kayvebear]

 

 

Discover gave me a 5k cli today on the luv button. They needed a couple days to review but I just got the email. 36.5k now on discover !

 

Not bad

 

Just realized that this 5k increase from discover gives me over 600k in revolving credit. Broke the 600k threshold

 

 

 

Do you ever get denied based on "over-extended" or some other reason that indicates you have more credit available than you need?

 

My wife recently got that and she is at a fraction of your revolving credit.

Her scores are all 780+ and at 1% utilization and a mostly (2/3) paid off car loan on her file.

They seemed to just deny her based on she already has 8 credit cards and they add up to about $80,000.

 

I would guess that your credit file is likely in the top 1% for available revolving credit for profiles that a credit review department might see on a daily basis.

They are probably somewhat shocked when they add it all up.

I wonder what goes through their minds. Are they sarcastically saying, "yeah, this person clearly needs another $5,000 in available credit."

 

 

 

I remember once getting denied for too much credit but I can't remember with which lender. Maybe Citi? I think it was just how they operated. It never became a pattern that is for sure. I think that is very much a YMMV sort of thing.

[RocketGoBoom]

 

I remember once getting denied for too much credit but I can't remember with which lender. Maybe Citi? I think it was just how they operated. It never became a pattern that is for sure. I think that is very much a YMMV sort of thing.

 

 

 

I am wondering if it has anything to do with income.

 

My wife is at $40,000 but only works 2 days per week. She makes about $47 per hour (dental hygienist).

She works only 2 days per week to spend more time with the toddler.

 

My income is $130,000 so we are at a combined $170,000.

 

When we did income verification with PenFed for my wife on her credit app, they only considered her $40,000 despite our explaining the entire situation and proving it.

She can increase her income to $80,000 at will if she tells her office to schedule her for 4 days per week instead of 2 days.

She simply chooses not to do that right now.

 

PenFed gave her a $5,000 credit card, but denied her for the PLOC saying, "over extended".

780+ scores and 1% utilization.

 

Maybe it is just PenFed. But I have seen plenty of people here comment that they can achieve total available credit many multiples above their income.

Edited November 3, 2016 by RocketGoBoom

[kayvebear]

 

 

I remember once getting denied for too much credit but I can't remember with which lender. Maybe Citi? I think it was just how they operated. It never became a pattern that is for sure. I think that is very much a YMMV sort of thing.

 

 

 

I am wondering if it has anything to do with income.

 

My wife is at $40,000 but only works 2 days per week. She makes about $47 per hour (dental hygienist).

She works only 2 days per week to spend more time with the toddler.

 

My income is $130,000 so we are at a combined $170,000.

 

When we did income verification with PenFed for my wife on her credit app, they only considered her $40,000 despite our explaining the entire situation and proving it.

She can increase her income to $80,000 at will if she tells her office to schedule her for 4 days per week instead of 2 days.

She simply chooses not to do that right now.

 

PenFed gave her a $5,000 credit card, but denied her for the PLOC saying, "over extended".

780+ scores and 1% utilization.

 

Maybe it is just PenFed. But I have seen plenty of people here comment that they can achieve total available credit many multiples above their income.

 

 

I would imagine you hit the nail on the head. If you guys file a joint tax return she could always put 170k and play dumb.

[kayvebear]

Just logged my highest FICO scores yet.... and for the first time my mid score is above 800. Barely.

 

Fico Scores as of 12/16: EX 787 / EQ 801 / TU 823

[kayvebear]

Just hit Discover luv button and it gave me another 5k bringing that line to 41.5k

[kayvebear]

USAA Visa Signature CLI from 24k to 30k

[kayvebear]

My Experian FICO just broke 800 for the first time and went from 786 to 805.

 

All my student loans were paid in full this month so this must be why. I didn't know whether to expect a FICO increase or decrease from the loan completions. They had high balances and went to $0 though so I guess we have our answer.

[trachkids]

+800 party

Enjoy!

[tobettercredit]

Congrats!!

[kayvebear]

I didn't even realize it. All 3 of my FICO's are above 800 for the first time!

[clc222]

Wow! Congrats!

[Big Bear]

I didn't even realize it. All 3 of my FICO's are above 800 for the first time!

Woohoo!!!

[kayvebear]

Forgot to mention... i leased a new 2017 Subaru Outback this week When the salesman walked away to pull my credit i almost had a moment of nervousness (like a memory from the past) ... and then I laughed and pulled out my iphone and rejoiced in the fact that I have good credit now (thanks to CB).

 

I only had one question for the salesman: Did I get your absolute best rate... or did I get your absolute best rate?

 

 

[tobettercredit]

Congrats!!

[EricDET]

I celebrated my 800's by going out and buying flannel shirts and a Subaru.

 

 

 

 

 

 

 

JK... Congrats man.

[kayvebear]

I celebrated my 800's by going out and buying flannel shirts and a Subaru.

 

 

 

 

 

 

 

JK... Congrats man.

 

Been sporting the flannel for a year but otherwise YES lol

[clc222]

 

 

You live in Alexandria?

 

 

 

Congrats on the new wheels (and the success!)