also, recall that >5 inquires scores the same. 6 or 600.
Posted by hegemony on 08 May 2016 - 12:12 PM
also, recall that >5 inquires scores the same. 6 or 600.
Posted by hegemony on 28 February 2016 - 12:12 AM
I do pay in fuil but I was wondering why such a high interest rating!
it is called risk-based pricing. a lot of factors go into it; not just a FICO score.
Posted by fury1995 on 25 November 2015 - 08:17 AM
Credit repair is strategic step by step process.
You have started 6 threads, 4 regarding this 623 letter in particular.
The 5th and 6th thread pertains to medical debts where WhyChat is attempting to help.
In each thread, one or several people have attempted to help guide you... but instead of replying to questions or requests for information.. you start another thread.
You will get lost in the process of repairing your credit by continuing in this manner.
I suggest you start a primary thread and list your current credit status, what you have done so far and what your goals are and stick to that.
Posted by ICANHASMUNY? on 09 October 2015 - 11:07 PM
Posted by AnnMichele on 04 October 2015 - 08:27 AM
OP, have you been able to get paper copies of your reports? If myFico is telling you that they cannot generate a score for you, believe them. If you haven't already gotten copies of your reports do so now. When you get them post the information (minus any identifying information) here so we can assist you on building a strong, solid profile.
Posted by mendelssohn on 03 October 2015 - 04:48 PM
Posted by virtualtreasure on 03 October 2015 - 04:45 PM
They pull hard for CLI, are unlikely to give more until at least 6 months, generally known for unremarkable product, cs and CLI, have got a SFB VIsa and use it for small purchases once in a blue.
Posted by JeffeVerde on 03 October 2015 - 04:00 PM
Thanks. Had no idea about the stackable benefit
Also, if HomeDepot is more convenient than your nearest Lowes store -- HD will give you a 5% discount if you flash your Lowes card.
Posted by tobettercredit on 03 October 2015 - 01:45 PM
Out of town this week on business. Bored in a hotel room and a few glasses of wine........I apped for the Walmart card. Approved for $150.
I need to stop applying and let my cards age.
Mine went from 150 to 900 to 3500 within 6 months. Charge the hell out of it and PIF.
900 was auto within 2or 3 months and 3500 on sixth statement via chat , I requested 5000 granted my TU was mid 600's and dirty.
So hang in there.
Posted by Konrad2012 on 03 October 2015 - 12:25 PM
I shop at Lowes some....and I don't have any store only cards (have the visa,mc of Nordstrom,saks) and never wanted any. But it seems this one is an exception with the 5% and reasonable limits. So I'm tempted.
For this particular card is it more favorable to apply in store rather than online?
There have been reports of EX pulls for in-store apps. Online is TU for the most part.
The beauty of the 5% discount from the store is it's stackable. So if you have a $500 charge, you pay $50 or something on the store card, and get a 5% discount on the entire order. Then you pay the other $450 with gift cards that you bought for 6%-10% off at Cardcash, Raise, Ebay etc.
The 5% is not stackable on top of the military/veterans discount though.
Posted by TrevorHere on 03 October 2015 - 07:08 AM
Heavy charging, and utilization. One needs a limit to suit their charging activity and still maintain a low utilization. Sure, sometimes one must make additional payments throughout the period if it's significant but you never know when a lender may decide to report the balance.
Higher limits beget other higher limits. Large limits reporting on an applicants report as an ability to handle credit well and are inclined to give out large limits themselves....lenders are competitive.
Posted by AnnMichele on 03 October 2015 - 06:55 AM
The more available credit you have the lower your overall utilization will be should you ever let an amount report.
For example, if you only had $100 of available credit and you let $50 report your utilization would be 50%, However, if you had $1,000 in available credit and let $50 report, your utilization would be 5%.
Posted by mendelssohn on 02 October 2015 - 12:56 AM
Well Lowe's does give the 5%, but that is in lieu of the special 0% financing, so unless you are going to BT it to another card or pay it off that month (you say renovations so I am assuming large purchases), that is not a reason to go to Lowe's. Dany recommended Lowe's because they are known for giving out high credit lines which is good, but not if you are paying more for the stuff you want to buy or can't get what you want there.
Posted by nateinva on 01 October 2015 - 10:07 PM
It's hard to give too much advice without knowing some goals. Or is the goal just another high limit card with no annual fee? (I see you edited for clarification)
I was going to suggest casually browsing the creditpulls database to see if any patterns jump out with higher limits that interest you. Looks like you may already be familiar with it? I see a very recent $30k NASA approval on there.
Posted by TampaDude on 01 October 2015 - 10:04 PM
Wait till NASA hits all your CRA's before you do anything.
In the interim, figure out what you want from a card
Ya I'm pretty sure it's on there by now, it's been months since I've had the card. I just want another high-limit, no fees, and low as possible interest rate with cash back rewards.
Are you eligible for NFCU? They're rather generous with CLs. Their Flagship Visa is on promo right now, too.
Posted by mindcrime on 29 September 2015 - 11:48 AM
Try to GW that 30 day late with WF. Go to the top.
More than anything, THAT is what is killing your score.
Posted by Konrad2012 on 28 September 2015 - 08:14 PM
Ask for another CLI. Move $14K off Care Credit. Leave Care Credit open to age until they kill it for lack of use, or buy a pack of dog treats every 6 months.
I'll be curious to see how this works....would be nice if I could just call them up and say I have a $15k CareCredit account that I'd like to close and move the limit to another account. In my head this makes perfect sense....I do not foresee it being so easy.
Sent from my iPad using Tapatalk
Posted by Why Chat on 28 September 2015 - 05:48 PM
The initial dispute letter may get this off your reports:
If you need to complete the "Repo" program you can go to the motor vehicle bureau and get the Vin # through their records of your registration.
Posted by RussInGotham on 28 September 2015 - 05:32 PM
What's your utilization on your cards? If it's high, that's low hanging fruit for FICO scores improvement.
Also, plan on closing that Credit One ASAP. You're paying money to a predatory lender for an awful credit card that looks bad on your credit reports. You don't need that $300 of credit. You can easily make up for it with CLIs.
Posted by dilligaf on 27 September 2015 - 08:36 PM
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