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Working my Rebuild!

Established Contributor

Re: Working my Rebuild!


TygerHawke wrote:

Blackswizz750 wrote:

Hello, I am a rebuilder myself and joined Navy in January with the Cash rewards card, did you try for a CLI after the third statement before you got the increase later?My first one will not cut until 2/17, so I will not try until after May2017 when three statements will have cut. I am paying my card off on thursday. 22K is a nice comeup from 500 SL. 


It definitely is - Based on my own experience and everything I've absorbed from these forums, I offer the following advice for all new Navy cardholders:

 

Wait until the first AR *after* your first 90 days before going for that increase.  AR occurs at the beginning of each of the following months - Jan, Mar, May, Jul, Sep, Nov

 

Blackswizz, In your case, I would actually wait until July since your 3rd statement will cut after the May AR.


Thanks TygerHawke for that advise. I have to put this on a calendar becuase I have several cards now. No rush on asking for CLI. I figure thewait will be good for me. I use cash more than credit and I need to start to put aside the cash and work on my rewards(plus the cards are more secure).

Message 71 of 119
Established Contributor

Re: Working my Rebuild!

Update! (sort of)

 

To those of you logging in expecting to see the results of a PenFed app based on my comments in another thread, I must apologize.  Cooler heads have prevailed and I have chosen to delay that app until May when my BK will be officially 1-yr post-DC.

Message 72 of 119
Community Leader
Senior Contributor

Re: Working my Rebuild!


TygerHawke wrote:

Update! (sort of)

 

To those of you logging in expecting to see the results of a PenFed app based on my comments in another thread, I must apologize.  Cooler heads have prevailed and I have chosen to delay that app until May when my BK will be officially 1-yr post-DC.


Sounds like a great plan! The time passed can only help your odds

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
730 EQ FICO 11/2017
750 TU FICO 11/2017
735 EX FICO 11/2017
$20k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE
Message 73 of 119
Valued Member

Re: Working my Rebuild!

Normal for Captial one but is it good or bad news? Lol


Message 74 of 119
Highlighted
Community Leader
Senior Contributor

Re: Working my Rebuild!


Bill2265 wrote:
Normal for Captial one but is it good or bad news? Lol

Very rarely do I see a Cap1 recon work out well. Cap1 does not have a "good" recon process unfortunately. Recently there was a couple declines overturned though, I will cross my fingers for you!

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
730 EQ FICO 11/2017
750 TU FICO 11/2017
735 EX FICO 11/2017
$20k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE
Message 75 of 119
Established Contributor

Re: Working my Rebuild!

Added Credit Score History!

 

I've added to the original post (and plan to maintain) a history of my scores since I started tracking my FICO in July 2016.  The score history is sporadic up until the middle of December when I learned how to pull them weekly at minimal cost Smiley Happy

 

Enjoy!

Message 76 of 119
Valued Member

Re: Working my Rebuild!

Just to update I'm still waiting on that Cap 1 decision after recon. They said it could take up to 3 weeks. I call them everyday to check and get the same message of we're still reviewing your app.


Message 77 of 119
Established Contributor

Re: Working my Rebuild!

Hello friends! - MAJOR update time!

 

I'm going to buy a new car!!

 

I have just been pre-approved for an NFCU Auto loan for a new car with the following terms:

 

Loan Amount:   $23,500

Rate:                3.89%

Term:                84 months (I know it's long, but I plan to save my pennies and maybe refinance down the road)

Payment:          $320.03

 

Now I just have to find a new car I can get for $25,000 out the door  (I'm willing to put $1500 down) - I have my eye on a 2017 Subaru Impreza...I'll check back when I terst-drive it later this week.

 

In other news, I turned around and immediately applied for a $15k CLOC - I got the 1 hour review message, so I'm expecting another update very soon...

Message 78 of 119
Established Contributor

Re: Working my Rebuild!

...And I got it!

 

CLOC: Approved $15,000

APR: 15.9%

 

Today is a good day Smiley Very Happy

Message 79 of 119
Contributor

Re: Working my Rebuild!

Congratulations TH! A 15K credit line is solid! Your scores must be climbing pretty good. Good luck on the new car, 25k doesn't sound like a lot, but it gives you some really good options. I'm a couple of days away from giving your Cap 1 theory a go, my 3rd statement cuts tomorrow.
Filed CH7 BK 7/15. discharged 10/15
Rebuild started 1/16 with scores of (EQ 517)(TU 547) (EXP 534)
Current scores (EQ 624) (TU 607) (EXP 774)
Overstock 500/700 I Open Sky 200/closed I Pay Pal MC 500 I Fingerhut 700/1400 I Primor 250/closed I One Nevada CU 500/closed I Target 500 I HC Credit 6000 I NFCU 1000 I Capital One Quicksilver 1000
Authorized User on I Cap One 700 I Barclay Visa 500 I Discover 17,200
Message 80 of 119