07-11-2013 11:18 AM
Okay ive been on a small credit journey the last 1.5yrs..ive managed to clean up all my debt leaving only 1 pd collections showing on my reports
i have 7 active trade lines all paid on time No lates starting from 2/2012
NFCU Cash rewrds 3k
NFCU Sec 500 CL
NFCU Go Rewards? 1k CL
Victoria Secret 250$
All cards less the victoria secret and Zales carry a balance at about 50% utlization .... I want to App for Discover IT and Either a Sams Club or Walmart Card simply for upcomming purchases..Do you think i stand a chance getting either of these cards?
TU and EQ are mid 600's 626/ 632
07-11-2013 11:21 AM
07-11-2013 11:29 AM
why are you carrying balances ?
Are you paying interest?
FICO EX 739, 2013 Jun. FICO TU08 791, 2014 Apr. FICO EQ 736, 2013 Aug.
BofA Cash Rwrds Sig V 2013 10k; Fidelity Rewards AmEx /BofA 2013 15.4k; Chase Freedom Sig V 2002 24.1k; Chase Amazon Rwrds Sig V 2011 8k; Sam's Club GE Dscvr 2002 10k; Dscvr It 2012 10k; Citi Dvdnd Plat Sel V 2013 8.9k; PenFed Plat Rwrds V 2013 20k; AmEx Blue Sky 2013 21.6k; Priceline Rwrds Sig V 2013 8.7k; PayPal Xtras GE Cap Plat MC 2012 5k; JC Penny 2011 1k
07-11-2013 11:50 AM
Util is way too high. Stranger things have happened but for a better chance of approval and decent CL- drop your util under 20% at least.
Is it possible to get a CLI on your NFCU cc's?
Thats what i was thinking..need to get utlity down ..and i actually just did a CL increase w/ NFCU for my Cashrewards to 5K. my Go rewards the rep said was still too new(open in may 2013) read some disclaimer but accounts open less the 6mnths so opted to leave that one alone for now..
As far as paying intrest..yes i am ..its rare they all carry balances just havent buckled down yet and paid larger amounts ..60$ here 80$ there..ya know
07-11-2013 12:10 PM
In my humble opionion, between the balances you're carrying, the cards you have, and your wish to buy a home by the end of this year, I would advise AGAINST more credit cards. You want them, but is it something you can't do without?
07-11-2013 01:44 PM
Straight up...there is no way. I had Wal-Mart Credit Card as my first card and i had to apply twice in a 6 month period to get it. I've had it just under 3 years now and they've increased my line essentially once a year. my line started at 500 and is now at 2500, but in addition I work for them and they realized that and they upgraded me to wal-mart discover as a second account with no inquiry with a 1000 less than my store card. Just be careful though, 2 bounced payments or missed payments they immediately shut the line down (first hand experience from 2 bounced payments), and i had to fight with the customer service people to put my account in good standing again due to the misudnerstanding. I only have the cards for longevity and this point.
My advice to you is pay off your cards with highest interest and lowest balance first, consolidate the accounts, and then apply in 6 to 12 months. Otherwise you're wasting an inquiry for nothing.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO