Lending Club and new app question

[danghost]

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@lhcole77 wrote:

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@danghost wrote:

Thanks for your replies.

Mini app spree was the wrong term to use, I would like to get the best rewards card I can and would like to get CLIs on the cards that lowered them.

The 35k was mostly for one of the businesses which is excelling now. Would have folded had I not had the credit line.

No need for the condescension.

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Stay strong, OP. I hear what you're saying.

Now, let's address this: would like to get CLIs on the cards that lowered them.

If you care to share, who lowered you and when?

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Am ex, Discover and Chase, they were new cards and I had to used them heavely for the business as I mentioned so i don't blame them. It was around October of 2013.

BTW my FICO score on ex was up to 748 this morning after a 4th card has reported. That's from 704 on the 25th. I had been at 40% Utilization.

Thanks!

[lhcole77]

 I would consider going online and doing a CLI request with AMEX. Shoot for the moon, but no more than 3x limit on that card. They will base decision in part on last SP. Do you have their FICO score on your online account? That will give you an idea of where you stand. They do weigh their own internal scoring though. And have you paid that balance off? 

Chase will ill be a HP if you request a CLI.

I  don't have a Discover but from what I've read on here I believe it will be a soft.

[danghost]

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@lhcole77 wrote:

 I would consider going online and doing a CLI request with AMEX. Shoot for the moon, but no more than 3x limit on that card. They will base decision in part on last SP. Do you have their FICO score on your online account? That will give you an idea of where you stand. They do weigh their own internal scoring though. And have you paid that balance off? 

Chase will ill be a HP if you request a CLI.

I  don't have a Discover but from what I've read on here I believe it will be a soft.

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Great! I'm cool with the SP. I'm gonna wait till the other cards report in a week or so and yes they are all paid down to zero. Except 1 with 1% of my Total CL.

Re: the Lending Club rate, I scored there. My partner applied today with a score in the 700s and they offered him 19%. The only thing we can figure out is that I have a higher CL and my utilization was lower than his when I applied.

Thanks for your advice! 

[danghost]

Hey there, I updated yesterday after I saw a kudo notification. My reply has vanished so I will summerize.

Thanks to lhcole77 for the respectful and extremly helpful advice. 

The Lending Club loan is great. Have 27 payments remaining but shooting for 18.

Got the Alaska Card. 20k

Got a Barclays Card. 10k

Got previous CLs raised.

Currently have 50k miles on the BofA Alaska

Credit Line 110k, 1.5% utilization

Fico 804

[RonM21]

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@danghost wrote:

Hey there, I updated yesterday after I saw a kudo notification. My reply has vanished so I will summerize.

Thanks to @lhcole77 for the respectful and extremly helpful advice. 

The Lending Club loan is great. Have 27 payments remaining but shooting for 18.

Got the Alaska Card. 20k

Got a Barclays Card. 10k

Got previous CLs raised.

Currently have 50k miles on the BofA Alaska

Credit Line 110k, 1.5% utilization

Fico 804

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Nice on the noew cards & limits.  If you are going to have the loan paid in 18 months instead, you are doing very well!!

[Anonymous]

+1...fingers off until loan paid down...

[Anonymous]

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@danghost wrote:

Hey there, I updated yesterday after I saw a kudo notification. My reply has vanished so I will summerize.

Thanks to @lhcole77 for the respectful and extremly helpful advice. 

The Lending Club loan is great. Have 27 payments remaining but shooting for 18.

Got the Alaska Card. 20k

Got a Barclays Card. 10k

Got previous CLs raised.

Currently have 50k miles on the BofA Alaska

Credit Line 110k, 1.5% utilization

Fico 804

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You took relatively the same route I did, Lending Club helped me get my scores into the 800's, and now that they (and all my other CC's) are paid off I just got two great travel cards yesterday, Chase Sapphire Preferred and Barclay Arrival Plus...and I'm now a Lending Club investor too!

Great job!

[danghost]

Awesome! I am definitly interested in investing with them. It will feel good to help others as well.