techgirl wrote:I went and played with the Simulator - How about one of the questions I asked earlier - with my credit scores:TU - 711EQ - 689EX - 721Wouldn't it be wise to look for another credit card at 0% for transferring my balances off of the credit card onto the 0% card and then pay it off? This would then enable me to have a higher credit ratio and give me a lower interest rate at the same time???Sweet scores! Once your util drops, you're going to be right on up there. The rule of thumb has been that 720's get you the best mortgage rates, but with the recent economic turmoil, I'll bet that 740 or 760 will be safer.The problem with doing a BT now is, I doubt that any lender is going to give you 0% when you're maxed out. That's the fun thing about credit --when you need it, it's hard to get. It's like getting a boyfriend or girlfriend in high school --if you look desperate, they won't come anywhere near.In general, whenever cards are maxed out, you don't have credit. You just have debt. Bite the bullet, pay them down. It's possible that with your TU and EX, once your cards are under 50%, you might get an 0% BT offer, although watch out for the BT fees, which are a separate critter.
It was Equifax!
From a score pulled from EQ (which does have FICO's) or here? or from TrueCredit or PrivacyMatters, and it was on their score comments?
For those who haven't seen advice from the credit monitoring services, I know that seems like an odd question. But TC, for instance, gives all kinds of interesting advice and attributes it to one or more of the bureaus. But you never see the same advice on that bureau's FICO score report.
Sorry, SWISSOATL, didn't mean to derail you there. I have a collection of snippy FICO messages going on another thread, so if you got this on your FICO EQ report, would you be willing to copy/ paste it here? Or if you'd rather, you can copy/ paste it on a pm to me. The FICO messages all refer to "FICO High Achievers", whom I used to dislike on principle, but now I've met so many here, and they're all nice --I've decided to get over it!
techgirl wrote:I pull from TrueCredit. It is $14.00 a month and you can see all three scores and all three credit reports as often as you would like.Should I apply for more credit even though my credit is maxed out?? I currently have 4 inquiries on two and 6 on the other...
Don't forget that the Delta card has no AF for the first year. If you account for the bonus miles you get just for signing up, it only takes a little less than $4000 in double-miles-eligible purchases in the first year to get your free flight, and that's before the AF even hits.
WhirledPeasPlease wrote:Thanks Hauling. Btw - I've always valued your posts! Well done!Now that I have a few CC choices I'm trying to decide which one(s) I want to use to get the best rewards. I checked the Delta card and I basically have enough miles to fly to the end of my driveway and back. That's definitely not worth the AF.As far as the mortgage guy, it's now a game to see what my scores will look like when it's actually time to close on the house under construction. I'm going for 740!!!