topic Re: $6500 credit line! in Rebuilding Your Credit

$6500 credit line!

Lasardo — Thu, 10 Jan 2013 04:14:51 GMT

So I started 1 year 3 months ago, 27 negative items.. Credit score 554.
Today I pulled it: nothing left, 9 inquirys removed..725 Experian, 720 EQ and TU don't know but assume much higher being that it is TU.
all I have had up until now is secured cards $300 CL's so when I got an offer for a credit card with Citibank, 18 months no interest, cash back, 12.99% I interest I thought I'd be lucky to get a $500 CL. They came back with $6500.00 I'm feeling a bit like an adult now, little nervous but I earned this. It was a lot if work but it paid off.
Thanks everyone for your help this last year.
This board has been invaluable.

Re: $6500 credit line!

electra — Thu, 10 Jan 2013 04:20:48 GMT

Congratulations!! Go celebrate!! That's HUGE! :)

Re: $6500 credit line!

ktl72455 — Thu, 10 Jan 2013 07:02:33 GMT

Congrats!!! Its stories like yours that keeps us newbies plucking away to improve!!!

Re: $6500 credit line!

maluba — Thu, 10 Jan 2013 07:43:13 GMT

Very well done!

Re: $6500 credit line!

annielorie — Thu, 10 Jan 2013 09:19:42 GMT

Awesome! DOnt max it or pay late stay true on your continued journey with credit ...760 here u come:smileytongue:

Re: $6500 credit line!

MrxLeo — Thu, 10 Jan 2013 12:18:20 GMT

Awesome congrats! I hope to be following in your footsteps soon.

Re: $6500 credit line!

Repo-ed — Thu, 10 Jan 2013 12:35:06 GMT

Great work!

Re: $6500 credit line!

MovingForward_2012 — Thu, 10 Jan 2013 14:22:47 GMT

Congrats!!! That is a very nice limit!

Re: $6500 credit line!

Springer — Thu, 10 Jan 2013 15:01:59 GMT

Lasardo wrote:
So I started 1 year 3 months ago, 27 negative items.. Credit score 554.
Today I pulled it: nothing left, 9 inquirys removed..725 Experian, 720 EQ and TU don't know but assume much higher being that it is TU.
all I have had up until now is secured cards $300 CL's so when I got an offer for a credit card with Citibank, 18 months no interest, cash back, 12.99% I interest I thought I'd be lucky to get a $500 CL. They came back with $6500.00 I'm feeling a bit like an adult now, little nervous but I earned this. It was a lot if work but it paid off.
Thanks everyone for your help this last year.
This board has been invaluable.

Awesome! Makin me jealous, and motivating at the same time! Thx

Re: $6500 credit line!

NewbieReed — Thu, 10 Jan 2013 15:14:13 GMT

Love to hear stories like this! YAY! Congrats!

Re: $6500 credit line!

newhouse2013 — Fri, 11 Jan 2013 00:41:47 GMT

Lasardo wrote:
So I started 1 year 3 months ago, 27 negative items.. Credit score 554.
Today I pulled it: nothing left, 9 inquirys removed..725 Experian, 720 EQ and TU don't know but assume much higher being that it is TU.
all I have had up until now is secured cards $300 CL's so when I got an offer for a credit card with Citibank, 18 months no interest, cash back, 12.99% I interest I thought I'd be lucky to get a $500 CL. They came back with $6500.00 I'm feeling a bit like an adult now, little nervous but I earned this. It was a lot if work but it paid off.
Thanks everyone for your help this last year.
This board has been invaluable.

Stories like this give me so much hope that I will reach my goal one day!!! Congratulations!

Re: $6500 credit line!

crew99 — Fri, 11 Jan 2013 00:47:02 GMT

that's so awesome. congrats!!

Re: $6500 credit line!

Lasardo — Fri, 11 Jan 2013 04:35:44 GMT

Ya know, I just went to a class on home buying which is where I am at in my journey.
I am hoping opening this $6500 CL was not a mistake.

Re: $6500 credit line!

sonson — Fri, 11 Jan 2013 06:34:26 GMT

Congrats!! great job in improving and rebuilding your credit!

Re: $6500 credit line!

ando35 — Fri, 11 Jan 2013 17:14:38 GMT

How did you get nine removed? God, I got none removed from goodwill.

Re: $6500 credit line!

Lasardo — Fri, 11 Jan 2013 22:24:11 GMT

You can dispute inquires just like anything else.

Re: $6500 credit line!

Rhaeny — Sat, 12 Jan 2013 02:47:31 GMT

Congrats your approval!

And if you plan on buying a home I would just stick with that CL until you close on your new home. I don't believe that it will hurt your chances at all. Wait at least 6 months before you mortgage app and keep your utili low. You'll be just fine getting approved for a home.

Re: $6500 credit line!

BKFireFly — Sat, 12 Jan 2013 02:53:39 GMT

Congratulations. YOur hard work paid off.

Re: $6500 credit line!

Lasardo — Tue, 15 Jan 2013 05:04:40 GMT

Would if I need to buy in 2-3 months and I have a limited income, do you think it is going to be a problem that I gained credit before buying?

Re: $6500 credit line!

Lasardo — Tue, 15 Jan 2013 05:06:22 GMT

Ando- did you trying using the permissible purpose provisions of the FCRA to remove your inquiries?