Discover odds and advice- UPDATE

wche · ‎01-29-2013

Hi everyone,

I posted the following on the FICO score section, but need some advice on my next steps for applying for credit, mainly Discover IT.

So apparently I am an AU on one of my older brother's credit cards. He has been racking up to 95% of the card's utility for quite some time now (having trouble paying it off). Unfortunately, this account is also my oldest TL (6 yrs). His util is really killing my overall util at 46%, and I know this will hurt my chances on applying for future credit.

My question is, if I have him take me off as an AU, how will that report on my credit reports? Will the util history still remain and destroy me? Will my AoAA decrease?

Some relevant info:

Overall utility: 46% under my brother's card. 22% on my own cards.

FAKO scores (Privacy Guard): EX 712, EQ 679, TU 707, CreditKarma 752.

AAoA: 3yrs 4mo, No baddies.

22yo, Income 40k

$9900 US Dept Education loans reporting, for last 4 years. I paid them off last December but they have yet to report to the CRAs??

I am really interested in Discover IT or AMEX Blue Sky, both of which I have pre-approval mail from. But I don't know how they would respond to the high util %. Any advice is appreciated!!

BoA Plat Plus (4/08): $5000 Citi Forward (5/09): $7000
Chase Freedom (2/12): $3000 Discover IT (3/13): $3000
AMEX BlueSky (3/13): $10,500 Chase Priority Club (3/13): $5900

SpeedingWheels · ‎08-06-2012

Depending on how many INQ's you have you should be alright.

Walmart ($2000) - Amazon ($5500) - Cap1 Cash Rewards ($2000) - Meijer ($2500) - Discover More ($1800) - Car Care One ($2100) - Amex Delta Skymiles ($2000) - Citi Thank You Preferred ($2000) - Chase Freedom ($500) - Sam's Club, GE ($937?)

wche · ‎01-29-2013

I have

1 EX

1 EQ

3 TU (1 dropping in march, 1 in may)

BoA Plat Plus (4/08): $5000 Citi Forward (5/09): $7000
Chase Freedom (2/12): $3000 Discover IT (3/13): $3000
AMEX BlueSky (3/13): $10,500 Chase Priority Club (3/13): $5900

chnceit · ‎08-17-2008

You got a good chance, I would apply for the IT card because the rewards are nice and no fees especially if you have a targeted offer. Good luck and keep us posted

$100K in Credit
Last App: 01/09/13

SpeedingWheels · ‎08-06-2012

I agree.

Go for IT

Great card

Walmart ($2000) - Amazon ($5500) - Cap1 Cash Rewards ($2000) - Meijer ($2500) - Discover More ($1800) - Car Care One ($2100) - Amex Delta Skymiles ($2000) - Citi Thank You Preferred ($2000) - Chase Freedom ($500) - Sam's Club, GE ($937?)

BearsAndTurtlesRtheBest · ‎10-02-2012

Yes go for discover the thing they most hate is seeing inquries and yours are very low and i asume they must be aging right? if so your possibilites of getting a IT card is great!

Im a 18 yr old in high school with no annual income that loves learning new things about credit. I pulled my FIRST Experian Score from Quizzle.com (on 2-9-13). Quizzle.com was the only site that was able to find my credit report, the rest required more information in order to do so since I lack public records. I'll update on the cards I am currently as an AU because some haven't reported yet. I don't own any cards under my name since I don't have an annual income to include when applying. Im super EXCITED!! MyFico.com is awesome!!!

wche · ‎01-29-2013

so I shouldn't worry about the high utilization that my brother is causing? And currently all of my cards are reporting a balance...should I PIF and wait for the 0 balances to report? Also, will the school loans hurt me since it isn't reporting as PIF? Thanks for the input guys!

BoA Plat Plus (4/08): $5000 Citi Forward (5/09): $7000
Chase Freedom (2/12): $3000 Discover IT (3/13): $3000
AMEX BlueSky (3/13): $10,500 Chase Priority Club (3/13): $5900

SpeedingWheels · ‎08-06-2012

I honestly think you're going to be fine, plus you can afford the HP if you somehow get denied.

Walmart ($2000) - Amazon ($5500) - Cap1 Cash Rewards ($2000) - Meijer ($2500) - Discover More ($1800) - Car Care One ($2100) - Amex Delta Skymiles ($2000) - Citi Thank You Preferred ($2000) - Chase Freedom ($500) - Sam's Club, GE ($937?)

chnceit · ‎08-17-2008

Discover is known to pull TU

$100K in Credit
Last App: 01/09/13

BearsAndTurtlesRtheBest · ‎10-02-2012

Keep us posted if you decide to apply. GOOD LUCK!!

Im a 18 yr old in high school with no annual income that loves learning new things about credit. I pulled my FIRST Experian Score from Quizzle.com (on 2-9-13). Quizzle.com was the only site that was able to find my credit report, the rest required more information in order to do so since I lack public records. I'll update on the cards I am currently as an AU because some haven't reported yet. I don't own any cards under my name since I don't have an annual income to include when applying. Im super EXCITED!! MyFico.com is awesome!!!

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