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Established Member
wallywonka
Posts: 38
Registered: ‎07-07-2013
0

Fico jump and how long to apply for AMEX.

Fico peeps, 

 

I am hopeing to have a big jump in m fico after I payoff all CCs and the 4 collections accounts I have. 

 

In the event that I jump from a 515 to a 650 or even above a 700.. How soon do you think I can apply for 

an AMEX or toplevel CC if one week i was 515 and the next week I am 650 or above. 

 

Thanks, 

 

 

Moderator
09Lexie
Posts: 26,285
Registered: ‎09-13-2012
0

Re: Fico jump and how long to apply for AMEX.

Before you pay for those CAs, try asking for PFDs. Paid or unpaid are still viewed as as a derog on your cr.
Established Contributor
calihlove75
Posts: 791
Registered: ‎05-16-2012
0

Re: Fico jump and how long to apply for AMEX.

A paid collection will NOT increase your score. The only way to increase your score is for the derogatory to disappear. Paid collections might look better on manual review, but will not increase your score. PFD is the way to go!


100% Ficos: EX 762, TU 767, EQ 762 Inquiries last 1 year/6 months: EX-0/0, TU- 0/0, EQ-1/1~ last credit card app 6/24/13- New car loan 3/8/2014
Discover IT $9500~Kohls $1000~Amex BCE $2000~ Walmart Discover $7500~NFCU Signature CashRewards $16,100~ Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $2500~ Amazon Store $7000~ Fingerhut $1050
Epic Contributor
Creditaddict
Posts: 21,604
Registered: ‎10-23-2007
0

Re: Fico jump and how long to apply for AMEX.

What credit cards and limits do you currently have?
Fico Scores: EQ- 653 Cap1., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
65 Cards and Counting :smileytongue:
Community Leader
Valued Contributor
azguy13
Posts: 5,381
Registered: ‎04-30-2013
0

Re: Fico jump and how long to apply for AMEX.


09Lexie wrote:
Before you pay for those CAs, try asking for PFDs. Paid or unpaid are still viewed as as a derog on your cr.

+1

 

I made the mistake of listening to a few CA years ago when they told me if I paid it then it would no longer affect my CS. Luckily when I started lurking on here I learned about GW letters and got them all removed.




NFCU Flagship $25,000 I AMEX SPG $23,000 I Chase Sapphire Preferred $17,500 I Discover IT $12,000 I

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