@dallasjetfan wrote:
@waynes1982 wrote:According to equifax score was 659 as of 4/23/2014
aaoa 3 years 8 months
utilization about 26%
1 Car loan with BMW 1 year into the loan with 48 months to go
bank of america 123 opened 4/13 secured and then unsecured 3/14 $500 original limit now $2000 pif every month and multiple payments each month
itunes barclay card 4/2008 $250 limit $0 bal
barclays rewards mastercard 11/13 $500 limit now $1500 after auto cli pif and multiple payments
bby mastercard 10/07 $550 limit $0 bal
bby store card 11/13 $1000 limit $394
cap1 former hsbc discover 9/08 $300 limit $184 bal
cap1 former hsbc discover 4/08 $750 limit $609 bal
cap1 former orchard bank 10/06 $750 limit $0 bal
cap1 11/07 $750 limit $656 bal
cap1 01/08 $500 limit increased to $750 3/14 $0 bal
cap1 11/13 $500 limit $0 bal
chase former wamu account closed by chase on balance reduction plan $8500 limit $3493 bal
avenue store card 9/13 $250 limit $0 bal
express store card 8/13 $250 limit $0 bal
firestone 11/13 $1400 limit $0 bal
credit one 7/08 $1025 limit $636 bal
credit one 4/14 $500 limit $0 bal
American eagle store card 4/13 $400 limit $0 bal
Banana Republic store card 4/13 $300 limit $0 bal
care care one 11/13 $500 $0 bal
care credit 11/13 $1200 limit $0 bal
Gap store card 8/13 $200 limit $0 bal
Lowes store card 3/14 $500 limit $0 bal
Old Navy Store card 4/13 $250 limit $0 bal
TJMAXX Store Card $8/13 $500 limit $0 bal
Toys R us Store Card 4/13 $200 limit $0 bal
Walmart store card 3/14 $1000 limit $250 bal
Paypal smartconnect 1/11 $300 limit $0 bal
Kay Jewelers 11/13 $1500 limit $182 bal
kohls 4/13 $500 limit $0 bal
macys 8/13 $1000 limit $0 bal
merrick 9/10 $1000 limit $670 bal
target store card $600 limit $0 bal
usaa mastercard 4/13 $2000 limit $900 bal
usaa amex 4/13 $2000 limit $1500 bal
juniper Mastercard 3/08 closed $2000 limit $1400 bal
And now my had hurts from typing all of this lol. I have a lot of inquiries as well I think it says 47.
Are these accounts actually open?? If so, you don't need another CC. That much credit can't be a good thing for someone that has filed BK before.
Yes they are open. I just wanted another card in my draw.
I have a few goals:
1) Get a Discover card from discover
2) Get an Amex from Amex
3) Lowere my balances to $0 on all cards
I've thought about closing some of them, but not sure how to go about it since most are new, and I usually use store cards for points at their stores and then pif before the statement cuts so I don't have a balance reporting. The ones with balances are the ones that I was kind of stupid and didn't care about util and balances, but now I do and need to pay them down.
@dallasjetfan wrote:
@waynes1982 wrote:According to equifax score was 659 as of 4/23/2014
bank of america 123 opened 4/13 secured and then unsecured 3/14 $500 original limit now $2000 pif every month and multiple payments each month
itunes barclay card 4/2008 $250 limit $0 bal
I don't know if this card will grow. I think this product is discontinued right? Close it.
barclays rewards mastercard 11/13 $500 limit now $1500 after auto cli pif and multiple payments
bby mastercard 10/07 $550 limit $0 bal
bby store card 11/13 $1000 limit $394 (Best buy is now, citi. You might as well consider closing)
cap1 former hsbc discover 9/08 $300 limit $184 bal
cap1 former hsbc discover 4/08 $750 limit $609 bal
cap1 former orchard bank 10/06 $750 limit $0 bal
cap1 11/07 $750 limit $656 bal
cap1 01/08 $500 limit increased to $750 3/14 $0 bal
cap1 11/13 $500 limit $0 bal
6 cap one cards. Email the Capone EO. Have them raise your limits on the 06/07 and 08 cards. Ask for at least $5k each. If they oblige, consider closing the 11/13 card.
chase former wamu account closed by chase on balance reduction plan $8500 limit $3493 bal (Util)
avenue store card 9/13 $250 limit $0 bal (Close)-I don't like store cards. They might grow a bit, but very slowly and leave in Toy limit territory for long periods.
express store card 8/13 $250 limit $0 bal (Close)
firestone 11/13 $1400 limit $0 bal (I don't think CFNA grows)
credit one 7/08 $1025 limit $636 bal. Rebuilder, pay off and close.
credit one 4/14 $500 limit $0 bal. Good God, why would you get another one? Close
American eagle store card 4/13 $400 limit $0 bal GE store cards do grow. Call credit solutions and ask for 10K
Banana Republic store card 4/13 $300 limit $0 bal Same as above
care care one 11/13 $500 $0 bal Same as above
care credit 11/13 $1200 limit $0 bal Same as above
Gap store card 8/13 $200 limit $0 bal Same as above
Lowes store card 3/14 $500 limit $0 bal Same as above
Old Navy Store card 4/13 $250 limit $0 bal Same
TJMAXX Store Card $8/13 $500 limit $0 bal Same
Toys R us Store Card 4/13 $200 limit $0 bal Do you really need this?
Walmart store card 3/14 $1000 limit $250 bal Free TUfico, call GE credit solutions.
Paypal smartconnect 1/11 $300 limit $0 bal GE, same
Kay Jewelers 11/13 $1500 limit $182 bal (pay off)
kohls 4/13 $500 limit $0 bal (Consider Closing)
macys 8/13 $1000 limit $0 bal (Citi Issued right?, CLIs require HP, but apparently people get softed)
merrick 9/10 $1000 limit $670 bal (Keep if you get the free EQ FICO, if not, pay off and close-Does not grow)
target store card $600 limit $0 bal (Do you shop at Target?)
usaa mastercard 4/13 $2000 limit $900 bal (Util)
usaa amex 4/13 $2000 limit $1500 bal (Util)
juniper Mastercard 3/08 closed $2000 limit $1400 bal (pay off)
And now my had hurts from typing all of this lol. I have a lot of inquiries as well I think it says 47.
Are these accounts actually open?? If so, you don't need another CC. That much credit can't be a good thing for someone that has filed BK before. This is an extremely nonsensical statement.
Yes they are open. I just wanted another card in my draw.
Waynes, I will echo what others have said. Your denial is likely not because of the BK. This far out, you really shouldn't be having problems getting approved for virtually any product other than AMEX if you've properly rebuilt. I have a discover card. I got it 18 months or so after discharge. Your score should be in the 750s with a BK as old as yours provided you haven't defaulted or had any negatives since.
I think your problem is two fold. 1. Obviously, too many recent accounts. I think you seriously need to close half your GE cards, and possibly most of your store cards. You have some really old cards reporting, so I don't think you AAoA will suffer 10 years from now when these accounts (should you close them) start dropping off. You have to stop apping. Don't get cards just for getting them. You should only get cards you will use. I mean do you really need an old navy card or toys r us card?
2. Toy limits. Right now, you are mostly in Toy limit hell give or take a few cards. You should try to grow some of these cards, with soft pull CLIs.
Before you start closing cards, try to bump your available credit. Your best bets are capone eo and credit solutions backdoor number. With Capone, with your oldest cards ask for at least 5K each. You can see if they will be willing to combine two cards with the same open year. If this works, repeat in 6 months. When you call GE credit solutions, ask for an absurd amount relative to what you already have. At least 10-15K per call. Close the GE cards you don't need and will never use. Cos i'm sure you will hit your exposure cap with GE. Better to have 3 large cards, than spread it on 15 cards.
I offered some suggestions in red. Btw, some of your lowest limit cards are in the 50-80% util range. Those are quick fixes with a few hundred dollars. Once your balances are paid off, do your best to maintain your util under 5% with only one card with a balance when you are apping.
Good luck.
Starting Score: 501
@shols44 wrote:@dallasjetfan wrote:
@waynes1982 wrote:According to equifax score was 659 as of 4/23/2014
bank of america 123 opened 4/13 secured and then unsecured 3/14 $500 original limit now $2000 pif every month and multiple payments each month
itunes barclay card 4/2008 $250 limit $0 bal
I don't know if this card will grow. I think this product is discontinued right? Close it.
barclays rewards mastercard 11/13 $500 limit now $1500 after auto cli pif and multiple payments
bby mastercard 10/07 $550 limit $0 bal
bby store card 11/13 $1000 limit $394 (Best buy is now, citi. You might as well consider closing)
cap1 former hsbc discover 9/08 $300 limit $184 bal
cap1 former hsbc discover 4/08 $750 limit $609 bal
cap1 former orchard bank 10/06 $750 limit $0 bal
cap1 11/07 $750 limit $656 bal
cap1 01/08 $500 limit increased to $750 3/14 $0 bal
cap1 11/13 $500 limit $0 bal
6 cap one cards. Email the Capone EO. Have them raise your limits on the 06/07 and 08 cards. Ask for at least $5k each. If they oblige, consider closing the 11/13 card.
chase former wamu account closed by chase on balance reduction plan $8500 limit $3493 bal (Util)
avenue store card 9/13 $250 limit $0 bal (Close)-I don't like store cards. They might grow a bit, but very slowly and leave in Toy limit territory for long periods.
express store card 8/13 $250 limit $0 bal (Close)
firestone 11/13 $1400 limit $0 bal (I don't think CFNA grows)
credit one 7/08 $1025 limit $636 bal. Rebuilder, pay off and close.
credit one 4/14 $500 limit $0 bal. Good God, why would you get another one? Close
American eagle store card 4/13 $400 limit $0 bal GE store cards do grow. Call credit solutions and ask for 10K
Banana Republic store card 4/13 $300 limit $0 bal Same as above
care care one 11/13 $500 $0 bal Same as above
care credit 11/13 $1200 limit $0 bal Same as above
Gap store card 8/13 $200 limit $0 bal Same as above
Lowes store card 3/14 $500 limit $0 bal Same as above
Old Navy Store card 4/13 $250 limit $0 bal Same
TJMAXX Store Card $8/13 $500 limit $0 bal Same
Toys R us Store Card 4/13 $200 limit $0 bal Do you really need this?
Walmart store card 3/14 $1000 limit $250 bal Free TUfico, call GE credit solutions.
Paypal smartconnect 1/11 $300 limit $0 bal GE, same
Kay Jewelers 11/13 $1500 limit $182 bal (pay off)
kohls 4/13 $500 limit $0 bal (Consider Closing)
macys 8/13 $1000 limit $0 bal (Citi Issued right?, CLIs require HP, but apparently people get softed)
merrick 9/10 $1000 limit $670 bal (Keep if you get the free EQ FICO, if not, pay off and close-Does not grow)
target store card $600 limit $0 bal (Do you shop at Target?)
usaa mastercard 4/13 $2000 limit $900 bal (Util)
usaa amex 4/13 $2000 limit $1500 bal (Util)
juniper Mastercard 3/08 closed $2000 limit $1400 bal (pay off)
And now my had hurts from typing all of this lol. I have a lot of inquiries as well I think it says 47.
Are these accounts actually open?? If so, you don't need another CC. That much credit can't be a good thing for someone that has filed BK before. This is an extremely nonsensical statement.
Yes they are open. I just wanted another card in my draw.
Waynes, I will echo what others have said. Your denial is likely not because of the BK. This far out, you really shouldn't be having problems getting approved for virtually any product other than AMEX if you've properly rebuilt. I have a discover card. I got it 18 months or so after discharge. Your score should be in the 750s with a BK as old as yours provided you haven't defaulted or had any negatives since.
I think your problem is two fold. 1. Obviously, too many recent accounts. I think you seriously need to close half your GE cards, and possibly most of your store cards. You have some really old cards reporting, so I don't think you AAoA will suffer 10 years from now when these accounts (should you close them) start dropping off. You have to stop apping. Don't get cards just for getting them. You should only get cards you will use. I mean do you really need an old navy card or toys r us card?
2. Toy limits. Right now, you are mostly in Toy limit hell give or take a few cards. You should try to grow some of these cards, with soft pull CLIs.
Before you start closing cards, try to bump your available credit. Your best bets are capone eo and credit solutions backdoor number. With Capone, with your oldest cards ask for at least 5K each. You can see if they will be willing to combine two cards with the same open year. If this works, repeat in 6 months. When you call GE credit solutions, ask for an absurd amount relative to what you already have. At least 10-15K per call. Close the GE cards you don't need and will never use. Cos i'm sure you will hit your exposure cap with GE. Better to have 3 large cards, than spread it on 15 cards.
I offered some suggestions in red. Btw, some of your lowest limit cards are in the 50-80% util range. Those are quick fixes with a few hundred dollars. Once your balances are paid off, do your best to maintain your util under 5% with only one card with a balance when you are apping.
Good luck.
Certainly haven't defaulted on any of these accounts. I have a perfect payment history on them all. I'm waiting to hear from capitalone on the increased limits. I asked for 1500 on 4 of the accounts. She said it would take 3-4 days from friday. I keep checking to see if they've increased them. I tried to call credit solutions and they wouldn't increase the limits, but I'm going to try calling again. I think I got the wrong department. Most of my denials I receive are due to ratio of balance to limit, too many recent accounts and too many inquiries.
Wow - you have a lot of accounts - Mine might be an unpopular opinion - But I can imagine that 1. being under 8 years post BK 2. having so many accounts 3. credit score - all factored into the denial - I was approved AFTER 8 months of BK - and I was VERY shocked that I was to be honest - my credit score was probably > 675 at the time - and I think I had 1 maybe 2 (but I doubt it was 2) bank cards - and 4 GE cards all with at least a $3,000 CL. Although I have not read it anywhere, I suspect that lots of CC accounts at some point looks very risky to lenders - especially with a BK showing. This was one of the reasons why I closed all but 1 or 2 of my bank cards - by the time I was approved for Discover in 2011.
Are you using all of this credit? At some point - you just do yourself damage with all of this apping - Give your new credit time and opportunity to work for you. You have a lot of low-limit accounts - Not until you start proving you can handle higher-limit accounts - which comes with time and responsible accounts management - will you be granted those limits. Making proper use of credit - so that you can use it as a tool - is not about amassing more and more and more. It is about being excellent with what you have - letting it work for you .. .. thereby demonstrating increasing credit worthiness.
@waynes1982 wrote:According to equifax score was 659 as of 4/23/2014
aaoa 3 years 8 months
utilization about 26%
1 Car loan with BMW 1 year into the loan with 48 months to go
bank of america 123 opened 4/13 secured and then unsecured 3/14 $500 original limit now $2000 pif every month and multiple payments each month
itunes barclay card 4/2008 $250 limit $0 bal
barclays rewards mastercard 11/13 $500 limit now $1500 after auto cli pif and multiple payments
bby mastercard 10/07 $550 limit $0 bal
bby store card 11/13 $1000 limit $394
cap1 former hsbc discover 9/08 $300 limit $184 bal
cap1 former hsbc discover 4/08 $750 limit $609 bal
cap1 former orchard bank 10/06 $750 limit $0 bal
cap1 11/07 $750 limit $656 bal
cap1 01/08 $500 limit increased to $750 3/14 $0 bal
cap1 11/13 $500 limit $0 bal
chase former wamu account closed by chase on balance reduction plan $8500 limit $3493 bal
avenue store card 9/13 $250 limit $0 bal
express store card 8/13 $250 limit $0 bal
firestone 11/13 $1400 limit $0 bal
credit one 7/08 $1025 limit $636 bal
credit one 4/14 $500 limit $0 bal
American eagle store card 4/13 $400 limit $0 bal
Banana Republic store card 4/13 $300 limit $0 bal
care care one 11/13 $500 $0 bal
care credit 11/13 $1200 limit $0 bal
Gap store card 8/13 $200 limit $0 bal
Lowes store card 3/14 $500 limit $0 bal
Old Navy Store card 4/13 $250 limit $0 bal
TJMAXX Store Card $8/13 $500 limit $0 bal
Toys R us Store Card 4/13 $200 limit $0 bal
Walmart store card 3/14 $1000 limit $250 bal
Paypal smartconnect 1/11 $300 limit $0 bal
Kay Jewelers 11/13 $1500 limit $182 bal
kohls 4/13 $500 limit $0 bal
macys 8/13 $1000 limit $0 bal
merrick 9/10 $1000 limit $670 bal
target store card $600 limit $0 bal
usaa mastercard 4/13 $2000 limit $900 bal
usaa amex 4/13 $2000 limit $1500 bal
juniper Mastercard 3/08 closed $2000 limit $1400 bal
And now my had hurts from typing all of this lol. I have a lot of inquiries as well I think it says 47.
“We delight in the beauty of the butterfly, but rarely admit the changes it has gone through to achieve that beauty.”
So I called ge for my care credit and my car care accounts and was just increased.
Care credit went from $1200 to $5000
Car Care went from $500 to $700
my other ge accounts through credit solutions won't increase at this time and will get a letter. so might consider closing them.