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stroked89coupe

Help with new card choice on less than perfect reports?

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Was wondering if anyone could give me some guidance on any lenders that I could go with that I am not currently with now or just what direction I should take overall to bettering my profile. My personal goal is to diversify into some lenders that are considered more ''prime'', if you will. I realize my CR is less than perfect so that's why I am seeking the opinion of others. Below is some information that will help you in your decision making.

 

BK 2010

5 new accounts in 24 months. (2/24 6 months from now)

AAOA - 5 years

Util- 19%

Inquires last 12mo - 0

Fico's - 684 (Within a few points across the board)

No negative info since BK

Closed and paid auto since BK

Closed and paid personal loan since BK

 

 

Current Revolving Limits

 

Amazon - 10K

Walmart - 10K

Discovery - 14.2K

Navy - 20K

Crap1 (Venture) - 20K

Crap1 (QS) 12.7K

NASA - 30K

Barclay - 23.2K

Chase - 10K

Chevron - 15K

Lowes - 17K

Navy CLOC -11.5k

 

 

Any guidance?

 

 

 

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I have no idea how they are with BK, but US Skank, BOA and Citi are missing from your profile.

 

Some people have also had luck with Amex after the 5 year mark.

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Thanks.

 

I Was thinking about trying my chances with AMEX Never have had an AMEX before. What card would you suggest? BOA will be a no go due to me including them in BK.

 

 

I also planned on a CLI request from Chase. I use the card exclusively and run it up to it's limit every single month and PIF for the last year now. I went from 2000 to my current limit of 10K about two years ago. My utilization and general condition of my reports have prevented me from pushing my luck until now. I see a CLI to 15 or 20k with them.

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I would wait until you are under 5/24 and go for 1-2 Chase cards first instead of a CLI. Try Citi next and Amex last. I can't recommend an Amex card without knowing your rewards strategy.

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1. ~$40K in unsecured balances isn't going to be viewed favorably when you're sporting a BK, regardless if it's only 19% utilization

 

2. Hit up Sync backdoor for CLI's on Amazon, Lowes and Walmart. Hopefully you're mashing Disco every 16 days also.

 

3. You have no active installment. Try the Alliant Share Secured Loan trick.

 

4. Between the installment trick and a utilization adjustment, you should be able to hit 700's. From there, everything is easier.

 

5. After you hit 700, hit up all the soft pull CLI cards again. Hit up NFCU.

 

6. AMEX

 

(ETA #6 is variable if you want more Chase cards and the 5/24 rules)

(Business cards/hidden trades could be useful)

Edited by Konrad2012

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1. ~$40K in unsecured balances isn't going to be viewed favorably when you're sporting a BK, regardless if it's only 19% utilization

 

2. Hit up Sync backdoor for CLI's on Amazon, Lowes and Walmart. Hopefully you're mashing Disco every 16 days also.

 

3. You have no active installment. Try the Alliant Share Secured Loan trick.

 

4. Between the installment trick and a utilization adjustment, you should be able to hit 700's. From there, everything is easier.

 

5. After you hit 700, hit up all the soft pull CLI cards again. Hit up NFCU.

 

6. AMEX

 

(ETA #6 is variable if you want more Chase cards and the 5/24 rules)

(Business cards/hidden trades could be useful)

 

 

Yeah I heard about Alliant. Thanks for reminding me of that. Always hitting up Syn and Disco.

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I would wait until you are under 5/24 and go for 1-2 Chase cards first instead of a CLI. Try Citi next and Amex last. I can't recommend an Amex card without knowing your rewards strategy.

 

I was thinking of doing that in regards to chase. Another 6 months to a year and I will be past the 5/24 for sure. Do you think I should do a CLI now and then once past the 5/24 apply for another card with them? I have like 3 of those 5 dropping off at once from a past app spree. As far as Amex goes I was referring to suggesting a card that may have looser underwriting guidelines.

 

Rewards is something that I have not been taking full advantage of (Partially due to my inability to get approved for some of them) but besides Freedom Disco and Venture cash back is all I have. I don't travel. Only thing rewards wise I could use is Dining, Fuel ect.

Edited by stroked89coupe

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1. ~$40K in unsecured balances isn't going to be viewed favorably when you're sporting a BK, regardless if it's only 19% utilization

 

2. Hit up Sync backdoor for CLI's on Amazon, Lowes and Walmart. Hopefully you're mashing Disco every 16 days also.

 

3. You have no active installment. Try the Alliant Share Secured Loan trick.

 

4. Between the installment trick and a utilization adjustment, you should be able to hit 700's. From there, everything is easier.

 

5. After you hit 700, hit up all the soft pull CLI cards again. Hit up NFCU.

 

6. AMEX

 

(ETA #6 is variable if you want more Chase cards and the 5/24 rules)

(Business cards/hidden trades could be useful)

 

 

Yeah I heard about Alliant. Thanks for reminding me of that. Always hitting up Syn and Disco.

 

 

People with clean reports are getting the best results from Alliant. Some are getting 30-40 points. If you could just get 15 you'd be in the 700 range which to me is a huge milestone (not personal, but in creditors eyes)

 

You can also look at the balances you are carrying and see if anything can be helped by massaging them. Do you have balances on lots of cards, are any cards over 50% etc.

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I would wait until you are under 5/24 and go for 1-2 Chase cards first instead of a CLI. Try Citi next and Amex last. I can't recommend an Amex card without knowing your rewards strategy.

 

I was thinking of doing that in regards to chase. Another 6 months to a year and I will be past the 5/24 for sure. Do you think I should do a CLI now and then once past the 5/24 apply for another card with them? I have like 3 of those 5 dropping off at once from a past app spree. As far as Amex goes I was referring to suggesting a card that may have looser underwriting guidelines.

 

Rewards is something that I have not been taking full advantage of (Partially due to my inability to get approved for some of them) but besides Freedom Disco and Venture cash back is all I have. I don't travel. Only thing rewards wise I could use is Dining, Fuel ect.

 

 

If you have 3 of the 5 cards from the 5/24 rule dropping off at once in 6 months, then you have no problems applying for a new non-Chase card now smileys-devil-527899.gif

 

The AMEX BCP gives you 6% cash back up to $6K in purchases on groceries, 3% cash back on gas and at select department stores. It also gives you the awesome AMEX warranty and purchase protections. And access to the AMEX offers which may or may not be beneficial to you.

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1. ~$40K in unsecured balances isn't going to be viewed favorably when you're sporting a BK, regardless if it's only 19% utilization

2. Hit up Sync backdoor for CLI's on Amazon, Lowes and Walmart. Hopefully you're mashing Disco every 16 days also.

3. You have no active installment. Try the Alliant Share Secured Loan trick.

4. Between the installment trick and a utilization adjustment, you should be able to hit 700's. From there, everything is easier.

5. After you hit 700, hit up all the soft pull CLI cards again. Hit up NFCU.

6. AMEX

(ETA #6 is variable if you want more Chase cards and the 5/24 rules)

(Business cards/hidden trades could be useful)

 

 

Yeah I heard about Alliant. Thanks for reminding me of that. Always hitting up Syn and Disco.

People with clean reports are getting the best results from Alliant. Some are getting 30-40 points. If you could just get 15 you'd be in the 700 range which to me is a huge milestone (not personal, but in creditors eyes)

 

You can also look at the balances you are carrying and see if anything can be helped by massaging them. Do you have balances on lots of cards, are any cards over 50% etc.

Only two cards will have balances when applying. One will be over 50% and one will be at like 20%. Can you link me to that alliant thread please? All the balances are from a remodel that I did and are on a promotional balance transfer offer. I plan on having them paid off by the time they expire. At least it will be a real excuss for the underwriters :)

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I would wait until you are under 5/24 and go for 1-2 Chase cards first instead of a CLI. Try Citi next and Amex last. I can't recommend an Amex card without knowing your rewards strategy.

 

I was thinking of doing that in regards to chase. Another 6 months to a year and I will be past the 5/24 for sure. Do you think I should do a CLI now and then once past the 5/24 apply for another card with them? I have like 3 of those 5 dropping off at once from a past app spree. As far as Amex goes I was referring to suggesting a card that may have looser underwriting guidelines.

 

Rewards is something that I have not been taking full advantage of (Partially due to my inability to get approved for some of them) but besides Freedom Disco and Venture cash back is all I have. I don't travel. Only thing rewards wise I could use is Dining, Fuel ect.

If you have 3 of the 5 cards from the 5/24 rule dropping off at once in 6 months, then you have no problems applying for a new non-Chase card now smileys-devil-527899.gif

 

The AMEX BCP gives you 6% cash back up to $6K in purchases on groceries, 3% cash back on gas and at select department stores. It also gives you the awesome AMEX warranty and purchase protections. And access to the AMEX offers which may or may not be beneficial to you.

Yeah that would be awesome as far as Amex goes. Right now I have 5 accounts in the past 24 months. In 6 more months 3 of those accounts will be older than 24 months. Is something going over my head? Lol

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I would wait until you are under 5/24 and go for 1-2 Chase cards first instead of a CLI. Try Citi next and Amex last. I can't recommend an Amex card without knowing your rewards strategy.

I was thinking of doing that in regards to chase. Another 6 months to a year and I will be past the 5/24 for sure. Do you think I should do a CLI now and then once past the 5/24 apply for another card with them? I have like 3 of those 5 dropping off at once from a past app spree. As far as Amex goes I was referring to suggesting a card that may have looser underwriting guidelines.

 

Rewards is something that I have not been taking full advantage of (Partially due to my inability to get approved for some of them) but besides Freedom Disco and Venture cash back is all I have. I don't travel. Only thing rewards wise I could use is Dining, Fuel ect.

If you have 3 of the 5 cards from the 5/24 rule dropping off at once in 6 months, then you have no problems applying for a new non-Chase card now smileys-devil-527899.gif

 

The AMEX BCP gives you 6% cash back up to $6K in purchases on groceries, 3% cash back on gas and at select department stores. It also gives you the awesome AMEX warranty and purchase protections. And access to the AMEX offers which may or may not be beneficial to you.

Yeah that would be awesome as far as Amex goes. Right now I have 5 accounts in the past 24 months. In 6 more months 3 of those accounts will be older than 24 months. Is something going over my head? Lol

 

 

Yes.

 

Right now if you do nothing for six months, you'll clear the 5/24 rule by 3 accounts.

 

If you get a new AMEX in the near future, in 6 months you'll clear the 5/24 rule by 2 accounts.

 

Either way, in 6 months you're eligible for a Chase card. Unless of course they implement a 5/36 or a 2/24 rule which would be awesome because the internet butthurtness would immense.

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Thanks.

 

I Was thinking about trying my chances with AMEX Never have had an AMEX before. What card would you suggest? BOA will be a no go due to me including them in BK.

I included BOA in bankruptcy in 2011, and I have a cash rewards card with them. Applied for it 9 months ago, and they counter offered a 99 deposit secured card with 500 limit. It just graduated to unsecured last week and bumped the limit to 1600. I had 8 years of good history with BOA before bankruptcy.

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Thanks.

 

I Was thinking about trying my chances with AMEX Never have had an AMEX before. What card would you suggest? BOA will be a no go due to me including them in BK.

I included BOA in bankruptcy in 2011, and I have a cash rewards card with them. Applied for it 9 months ago, and they counter offered a 99 deposit secured card with 500 limit. It just graduated to unsecured last week and bumped the limit to 1600. I had 8 years of good history with BOA before bankruptcy.

 

Interesting. I was just reading about that. Been out of it for a while.

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So what do you guys think about this?

 

Consolidate all of my balances (Two cards) into one installment loan. Then picking up where I left off? I don't care about the interest paid vs the balance transfer offer I have now. I'll just pay it off sooner.

 

If I did this would your recommended strategy change?

Edited by stroked89coupe

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