01-31-2013 10:16 AM
I filed Ch7 in May 2012, discharged in Aug 2012. Since then I have gotten three new credit cards. Capital One Platinum $250 CL (Rec'd in September), Credit One Bank $300 CL (Rec'd in September), and Capital One Rewards $500 CL (Rec'd in December). I PIF every month and keep util low. How long should I wait to ask for CL increase? I don't really want to apply for additional cards right now but I would like to see if I can get more $$ on the cards I currently carry. Suggestions?
01-31-2013 12:15 PM
Are these all unsecured? I think Cap1 is 6 months, but I'm not positive. Your question might be better answered in the credit cards subforum. Those guys are the gurus. I have no idea abut Credit One.
01-31-2013 12:52 PM
01-31-2013 03:18 PM
+1 to above.
CreditOne will not grow with you, requesting CLI with them is a waste of time. This is strictly a rebuilder. Cancel at your 11th statement.
The only way to get a CLI from capone these days (other random miracles) is through the EO. I would suggest waiting close to a year so you can say, "I've been a loyal customer for a year" I think it carries more weight. You can time this around your annual fee so you can request to have it removed around the same time.
Once you've had positive tradlines for about 6 months, I suggest gearing up to axe your creditone acct by adding a barclay product (NFL, Priceline).
02-01-2013 06:58 AM
Thanks so much for all the info! I will wait until April to file for a Barclays product so that I have the six months of positive credit history on my revolving TL's. I am also wondering about my car payoff. The last payment on my auto loan will be in April. Now that it is currently reporting and is a positive TL after my reaffirmation, will it lower my score after it is paid off since it will be one less TL and type of credit account open?
02-01-2013 11:44 AM
02-02-2013 09:53 PM
With Credit One, when you log in, there are special offers you can either click on or they go across part of the screen. When you are eligible for a CLI, it will show up as one of your offers, BUT, you have to pay for the increase. It's something like $19.95 for a $100 increase. I think you can do it every 6 months. So, use this card as a rebuilder and get rid of it once you have something better to replace it with.
02-03-2013 01:49 AM
02-04-2013 07:49 AM
MovingForward_2012....yes, my auto loan is currently reporting properly. After my bankruptcy I made that my first priority. It is reporting as reaffirmed debt and pays on time as agreed. That is why I am afraid that by taking away that tradeline that it may affect my score negatively.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.