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A Successful Week

Established Member

A Successful Week

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.
Message 1 of 18
17 REPLIES
Moderator

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.

Message 2 of 18
Mega Contributor

Re: A Successful Week

Congrats!

Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $13.5k / Walmart Mastercard $10k / Blispay $7.5k PayPal Ex MC $6.1k
CareCredit 5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $4.85k / Citi DC (WMC) $7.1k
Gardening Date 7/01/16 / MyFico 08: EQ 801 / TU 777 / EX 771 / 06/08/17
Message 3 of 18
Regular Contributor

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


Message 4 of 18
Moderator Emerita

Re: A Successful Week

Thank you for posting! Congratulations on all you've achieved and don't be a lurker!
Message 5 of 18
Frequent Contributor

Re: A Successful Week

Strong 1st post lol!

 

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

Message 6 of 18
Established Member

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. ;-)
Message 7 of 18
Established Contributor

Re: A Successful Week

Congrats! That is accomplishments to be proud of.
EQ 773 * EX 786 * TU 797
Message 8 of 18
Established Member

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. :-)
Message 9 of 18
Regular Contributor

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
Message 10 of 18