Working my Rebuild!

[Blackswizz750]

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@Anonymous wrote:

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@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. 

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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.

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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).

[Anonymous]

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.

[Scupra]

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@Anonymous 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.

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

[Bill2265]

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

[Scupra]

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

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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!

[Anonymous]

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

Enjoy!

[Bill2265]

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.

[Anonymous]

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...

[Anonymous]

...And I got it!

CLOC: Approved $15,000

APR: 15.9%

Today is a good day

[Anonymous]

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.