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Established Member
jhb
Posts: 26
Registered: ‎04-27-2008
0

A Successful Week

[ Edited ]
Hello everyone,

I've been lurking these forums since 2007 and have never posted anything, although working on my credit for the past 6 years. Last week I went on a little app spree. Applied for a car loan through USAA and was approved instantly for up to $46000 at 5.4%. The following day I took my wife to the Mercedes Benz dealership because she wanted to trade her car in for the new 2014 CLA. Mercedes said that they could beat that offer. So I said what the heck, run my credit. They approved me through Mercedes Benz Financial at a rate of 3.3%. One hour later, my wife drove off in her new Benz with all available upgrade options for about $42000. The next day I thought to myself, I now have some inquiries on my report, so let's do some credit cards. Applied for Discover IT, approved for $1000. Applied for the Chase Sapphire Preferred, approved at $6000. Finally, applied for the American Express Gold, approved. What a week. My Transunion score is 671 and Equifax 663 according to this site. Here is my list of cards for those wondering:

USAA American Express-$6000 opened in 2008
USAA MasterCard-$6000 opened in 2008
Capital One Platinum-$750 opened in 2008
Capital One Builder-$500 opened in 2008
Best Buy MasterCard-$300 opened in 2008
Citi Diamond Preferred-$1500 opened in 2013
Barclays Visa-$2000 opened in 2013
Navy Federal Secured-$1000 opened 2013(waiting for it to become unsecured)
Express-$500 opened in 2013
Chase Sapphire Preferred-$6000 opened in 2013
Discover IT-$1000 opened in 2013
American Express Gold-opened in 2013

When I first came to these forums I had no credit cards and no car loans in my name. I had a Fico score of 563. In six years, I have been approved for 3 car loans solely in my name and now 12 credit cards. I need to get my credit card age up and then I'll be in the 700's. I have one medical collection on my report from 2007 but creditors have looked beyond that. Thanks for your stories and your motivation.
Senior Contributor
B335is
Posts: 4,637
Registered: ‎09-22-2012
0

Re: A Successful Week

That's awesome!  Def the best way to buy a car is armed with financing ahead of time.  Some day, I'll learn that, but for now I'm too impulsive and despite my better judgement, left making a new car purchase an all day affair.

Community Leader
Mega Contributor
coldnmn
Posts: 15,818
Registered: ‎08-08-2011
0

Re: A Successful Week

Congrats!

My Wallet /US Bank Cash+ Signature $10,000/ Ace US Bank Signature $10,000 / Sam's Mastercard $8500
/ Walmart Mastercard $8000 / Discover IT $5000 / Care Credit $5000
/ Husqvarna $5000 / PayPal SmartConnect $4800 / Cap1 Quicksilver $4000 / Barclay Ring $3550
Last App 8/12/14 /

Regular Contributor
Startome
Posts: 399
Registered: ‎08-21-2013
0

Re: A Successful Week

Hey way to go! =D

Current: EQ FICO 0, TU FICO 0, EX FICO 0 | Starting Score: 0 (08/21/2013)

Starting total revolving credit: $0 | Current total revolving credit: $1600.00

Inquiries (12 Months): EQ 3-4 TU Unsure EX Unsure | Most Recent: 8/19/2013


2013 Goals:
1,000.00 Emergency Fund
1,000.00 Emergency Fund, AGAIN
Mechanically Sound Car
Unsecured Card

Fifth Third $300
U.S. Bank Harley Davidson $300
Capital One Platinum $500
2nd Capital One Platinum $500


Moderator
09Lexie
Posts: 26,593
Registered: ‎09-13-2012
0

Re: A Successful Week

Thank you for posting! Congratulations on all you've achieved and don't be a lurker!
Frequent Contributor
ForMyBiz
Posts: 283
Registered: ‎08-19-2013
0

Re: A Successful Week

Strong 1st post lol!

 

Congrats on all the approvals.  Seems like you've worked hard at managing your finances.

Established Member
jhb
Posts: 26
Registered: ‎04-27-2008
0

Re: A Successful Week

Thank you everyone! There is one more card I want to get next year and it's one of the American Express revolver cards. Then I believe I'm done. ;-)
Established Contributor
MoreRewards
Posts: 587
Registered: ‎09-27-2013
0

Re: A Successful Week

Congrats! That is accomplishments to be proud of.
Established Member
jhb
Posts: 26
Registered: ‎04-27-2008
0

Re: A Successful Week

Now I'm trying to figure out how to add all of my Cards to my signature like I see all the cool people here doing. :-)
Regular Contributor
k-s
Posts: 160
Registered: ‎10-07-2013
0

Re: A Successful Week


B335is wrote:

That's awesome!  Def the best way to buy a car is armed with financing ahead of time.  Some day, I'll learn that, but for now I'm too impulsive and despite my better judgement, left making a new car purchase an all day affair.


Usually that's true, but I actually got a better rate through Volkswagen Credit (I was buying a Jetta) than I could get from my CU. 1.25% with VW, 2.45% at the time at my CU, so it was definitely the better option for me at the time and I do not have prime credit yet. Still in the mid 600s.

EQ MyFICO: 719 - Discover It TU FICO: 749 - EX 728
Amex PRG: NPSL | Amex Blue Sky: 2k | Amex BCE: 10k | Amex TrueEarnings: 5k | Amex Delta Gold: 2k | Discover It: 4k | SFCU: 13k | Quicksilver: 4k | Venture: 10k | Freedom: 2k | CSP: 7.5k | Amazon Visa: 5k | Citi TYPremier: 6.3k | Best Buy: 4.5k | Macy's Amex: 6k | Nordstrom: 4k | Old Navy Visa: 4k | Target: $1.2k | Angel: 1k

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