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Contributor
MrxLeo
Posts: 78
Registered: ‎01-06-2013

Re: Another Infamous "Should I close my secured CC now" thread


Springer wrote:

I think he's referring to this

 

Multi Browser Method


Yes. The reason I'm asking is because it looks like you applied with numerous creditors at the same time and most creditors are inquiry sensitive. They will be cautious to give you credit if they seen that there are a bunch of different inquiries in a short span. That's why I'm wondering if you did it all at the same time so they couldn't see the other pulls from the other creditors?


Starting Score: 609
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Regular Contributor
xwill04
Posts: 162
Registered: ‎11-13-2012

Re: Another Infamous "Should I close my secured CC now" thread


MrxLeo wrote:

Springer wrote:

I think he's referring to this

 

Multi Browser Method


Yes. The reason I'm asking is because it looks like you applied with numerous creditors at the same time and most creditors are inquiry sensitive. They will be cautious to give you credit if they seen that there are a bunch of different inquiries in a short span. That's why I'm wondering if you did it all at the same time so they couldn't see the other pulls from the other creditors?


I did apply for numerious creditors at same time, but I think what helped me is I had a fraud alert on my report so I was stil able to get approved with my strong score low util %, even though i had numerous inquiries and new account age



Starting Score: Exp:513 | TU:541 | EQ:517 - 11/13/2012
Current Score: Exp:623 | TU FICO:639 | EQ FICO:743 - 01/24/2012
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Contributor
MrxLeo
Posts: 78
Registered: ‎01-06-2013

Re: Another Infamous "Should I close my secured CC now" thread


xwill04 wrote:

 

Discover and Chase also pulled TU on recon.

 

USAA only Equifax

 

Before i called to recon Citi I froze my EXP and TU, I should have done this before I apped for Discover and Chase I prob would have recieved higher limits


Interesting. So it seems like the fraud alert actually helped your case in the manual review. Your total credit limit was very low when you applied also that's why I'm surprised the limits you were able to get. I guess that didn't that much of a factor in CC approvals. Do you mind stating your annual income?  That probably was a big factor in their decision. 

 

Also, how were you able to freeze your accounts?  Did you call the CBAs directly to request it?  

 

Thanks for all the info!


Starting Score: 609
Current Score: EX: 723 (08/18), TU: 741 (08/15), EQ: 695(08/15)
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Regular Contributor
xwill04
Posts: 162
Registered: ‎11-13-2012

Re: Another Infamous "Should I close my secured CC now" thread

to freeze credit reports you can do it online

 

just google transunion freeze, experian freeze

 

Its $10 if you havent been a victim of identity theft

 

my highest limit was the secured CC from my CU at $2k

 

I did have a Kay jewelers card that was paid off and closed between 2006-2007 dont remember what my limit was back then but im sure it wasnt that much.

 

Income is $43k



Starting Score: Exp:513 | TU:541 | EQ:517 - 11/13/2012
Current Score: Exp:623 | TU FICO:639 | EQ FICO:743 - 01/24/2012
Wallet: Applied Bank $200, OpenSkyCC $300, 1st Tech CU Secured $2k, Discover IT $1.5k, CITI AA $2.8k, USAA AMEX $7.5k
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Regular Contributor
xwill04
Posts: 162
Registered: ‎11-13-2012

Re: Another Infamous "Should I close my secured CC now" thread

BTW USAA is known for giving out huge limits as long as you have a good score.. which i did and im sure refi my auto loan with the, helped them give me my huge limit



Starting Score: Exp:513 | TU:541 | EQ:517 - 11/13/2012
Current Score: Exp:623 | TU FICO:639 | EQ FICO:743 - 01/24/2012
Wallet: Applied Bank $200, OpenSkyCC $300, 1st Tech CU Secured $2k, Discover IT $1.5k, CITI AA $2.8k, USAA AMEX $7.5k
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Contributor
MrxLeo
Posts: 78
Registered: ‎01-06-2013

Re: Another Infamous "Should I close my secured CC now" thread


xwill04 wrote:

BTW USAA is known for giving out huge limits as long as you have a good score.. which i did and im sure refi my auto loan with the, helped them give me my huge limit


What was your score before you applied?  


Starting Score: 609
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Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010

Re: Another Infamous "Should I close my secured CC now" thread

Why did you change your mind about 1st Tech CU?

Regular Contributor
xwill04
Posts: 162
Registered: ‎11-13-2012

Re: Another Infamous "Should I close my secured CC now" thread


Wolf3 wrote:

Why did you change your mind about 1st Tech CU?


seems like they are ultra conservative and their rates arent as good as other CU/USAA that I have seen.. Plus they are experian only puller and thats my worst file...



Starting Score: Exp:513 | TU:541 | EQ:517 - 11/13/2012
Current Score: Exp:623 | TU FICO:639 | EQ FICO:743 - 01/24/2012
Wallet: Applied Bank $200, OpenSkyCC $300, 1st Tech CU Secured $2k, Discover IT $1.5k, CITI AA $2.8k, USAA AMEX $7.5k
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Established Contributor
KingAdrock
Posts: 655
Registered: ‎07-17-2007

Re: Another Infamous "Should I close my secured CC now" thread


Springer wrote:

I think he's referring to this

 

Multi Browser Method


I don't mean to threadjack, but this article sounds like a bunch of crap. Not only do they make no mention about making sure whether or not the CCCs you're apping for pull from the same bureau, but it starts with this *headdesk* worthy tidbit:

 

 

"Open up Internet Explorer, Mozilla Firefox, and Google Chrome all in private mode.  I use private mode and different browsers to ensure the credit bureaus don’t see my other inquiries."

 

 No. Just... NO. That is NOT how private browsing works.

Until they officially renounce financial reviews, I won't touch Amex with a thirty nine and a half foot pole.
Regular Contributor
xwill04
Posts: 162
Registered: ‎11-13-2012

Re: Another Infamous "Should I close my secured CC now" thread


MrxLeo wrote:

xwill04 wrote:

BTW USAA is known for giving out huge limits as long as you have a good score.. which i did and im sure refi my auto loan with the, helped them give me my huge limit


What was your score before you applied?  


I didnt know my new score once the last collection came up until I applied..

 

FICO Score from USAA & Discover = 743

 

Prior to that my score was 588 :smileyhappy:



Starting Score: Exp:513 | TU:541 | EQ:517 - 11/13/2012
Current Score: Exp:623 | TU FICO:639 | EQ FICO:743 - 01/24/2012
Wallet: Applied Bank $200, OpenSkyCC $300, 1st Tech CU Secured $2k, Discover IT $1.5k, CITI AA $2.8k, USAA AMEX $7.5k
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