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New Member
Glen_Livet
Posts: 12
Registered: ‎02-18-2013
0

Re: Discover IT - do they really want me?

Glad you asked.  I'm trying to fix my credit and establishing a line of revolving credit--while keeping my installment credit in good standing--appears to be the fastest way to get there.  When I say "use" I mean increase the line at as low of a utilization rate as I can.

 

I went "off the grid" dredit wise a couple of years ago and didn't have any credit cards--I was 100% debit and cash.  It taught me how to live very much within my means, of course.  However, when i suddenly needed to do things last year, like get an appartment and furniture, I found myself getting turned down for financing offers tht I would have never had problems getting 2 years before.

 

From everything I've read, my credit had taken a dive because of my off-the-grid experimet.

Bureau ......... April 12 .. Feb 13
Equifax ......... 689 ......... 669
Experian ....... 668 ......... 670
TransUnion .. 634 ......... 671

Goal: get a mortgage
New Member
Glen_Livet
Posts: 12
Registered: ‎02-18-2013
0

Re: Discover IT - do they really want me?

Holy crap!  They gave me a CL of $10k!  I'm gonna have a sick CU now!  I've been paying cash for everything for the past 2 years.

 

Wow.  I swear to you guys, I'm not a troll, LOL!

Bureau ......... April 12 .. Feb 13
Equifax ......... 689 ......... 669
Experian ....... 668 ......... 670
TransUnion .. 634 ......... 671

Goal: get a mortgage
Senior Contributor
john398
Posts: 3,522
Registered: ‎01-19-2009
0

Re: Discover IT - do they really want me?


Glen_Livet wrote:

Holy crap!  They gave me a CL of $10k!  I'm gonna have a sick CU now!  I've been paying cash for everything for the past 2 years.

 

Wow.  I swear to you guys, I'm not a troll, LOL!


Wow what an awesome CL, I guess they did really want you

Valued Contributor
lg8302ch
Posts: 2,976
Registered: ‎11-13-2012
0

Re: Discover IT - do they really want me?


Glen_Livet wrote:

Holy crap!  They gave me a CL of $10k!  I'm gonna have a sick CU now!  I've been paying cash for everything for the past 2 years.

 

Wow.  I swear to you guys, I'm not a troll, LOL!


Congrats Glen ! This is a really nice CL! 

FICO® EQ 800 (as of today) - TU 778 (10/28) * Fako EX 803 (11/02 - CS) * last app 06/01/14 * INQ last 2 yrs TU: 5, EX: 7, EQ: 7


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Moderator
09Lexie
Posts: 26,345
Registered: ‎09-13-2012
0

Re: Discover IT - do they really want me?

Valued Contributor
Gunnar419
Posts: 1,187
Registered: ‎01-23-2013
0

Re: Discover IT - do they really want me?

Yeah, to get an initial CL like that from Discover is AAAA-mazing!

 

I know they seem to have loosened their normally conservative selves up for the It card. But that's still a whomping big CL for them!

 

Congrats for sure.

Established Contributor
JonStur
Posts: 905
Registered: ‎12-25-2010
0

Re: Discover IT - do they really want me?

Guess its safe to say you are officially on the grid now!!!!


Starting Score: TU 686 EX 641 EQ 690
Current Score: TU 779 EX 767 EQ 740
Goal Score: 800 Club

BCE $12.5K, 5/3 Sig $10K, Wally Discover 10K, Cash+ $9K Sam's Discover 10K, Freedom $6K, Zales $5.5K, More $5K, Cap one $5K, Barclay 2.5K, Household Plat $1.5K, Household Gold $1.5K, Credit One $1K, First Premier Plat $.675K First Premier Gold $.65K
New Member
Glen_Livet
Posts: 12
Registered: ‎02-18-2013
0

Re: Discover IT - do they really want me?

Ha ha... very much ON.

 

Thanks everyone.

 

Had another follow-up question... I never thought of this before, but I saw someone else asking about your first purchase on a new card.  I was thinking about buying an airline ticket to inaugurate this thing.  I’m going to Europe this summer with some buddies so the ticket would be about $1,000 or 10% of the CL.  Is this a good idea or a bad idea?  Or, does it not make any difference.  It’s not a cash flow issue.  I could easily just dip into my savings account.

 

Or, might I also consider opening an airline card when I purchase the ticket.  This would be my 5th or 6th hard inquiry in the past 2 years.

Bureau ......... April 12 .. Feb 13
Equifax ......... 689 ......... 669
Experian ....... 668 ......... 670
TransUnion .. 634 ......... 671

Goal: get a mortgage

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