Reply
Frequent Contributor
codimom
Posts: 395
Registered: ‎09-08-2010
0

Re: Garden Club Meeting - November 2012

In 9 short days I will have my shiny bronze spade back in my sig!   Still contently gardening.

 

To my American friends, have a safe and happy Thanksgiving.  I'll be offline pretty much til 26November.  Have fun on Black Friday!!

Back in the garden!
App free since 23Oct2012 reset to 27Aug13 and reset again 4nov13
Valued Contributor
Epcot
Posts: 2,789
Registered: ‎10-10-2012
0

Re: Garden Club Meeting - November 2012

My leaving the garden a couple days ago may not have hurt that much. For both approvals and one CLI (which they said would be another HP) I only have one inquiry showing up. I expected three.
Of course now that I bring it up, watch them show up later. :smileyhappy:

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 816 EX 780 TU 823
App free since 4/11/13
Established Member
postalmommy
Posts: 21
Registered: ‎09-19-2012
0

Re: Garden Club Meeting - November 2012

@webhopper

Thanks for the quick and helpful response.  So far all but one of my pending apps were denied which is a bummer. But I think I now have a healthy mix of credit. Please FICO fairy grant me good credit. :smileyfrustrated:


webhopper wrote:

@postalmommy

Minimum of 6 months... its usually not advised to apply for cards when you are in line for a mortgage. Typically new cards will drop your score for a short period of time due to the decrease in average age of accounts. You may see a score increase if you didn't have cards before... just be sure that you before you apply for mortgages; all of the cards except one should be at 0 balance and the one that is not should have less than 9% of its available credit used.

Best of luck.

also; depending on which mortgage product you are looking at; you will need a minimum of 640 score for FHA and 680 if you are going with a conventional... seems like you are very close! You may be house shopping by spring so by all means don't Max out the new cards and definately treat them well. If you have any baddies or unpaid collections; you will want to pay for delete or settle those prior to the mortgage process. Unpaid collection or chargeoff debt raises a big red flag in most underwriters' eyes.

 

Gardening until November 2013
TU 635 (myfico) Sept 2012; 642 (myfico) July 2013
EX 655 (FAKO) Nov 2012;
EQ 548 (FAKO) Nov 2012; 603 (myfico) July 2013
Goal 750 for ALL
Moderator Emeritus
tinuviel
Posts: 4,875
Registered: ‎11-02-2010
0

Re: Garden Club Meeting - November 2012

Hi, all!

 

I'd like to let everyone know that mxp114 has kindly created a transparent version of the seedling badge. I've updated the code on the opening post of this thread, so if you'd like to use it, just grab it and replace the old one in your siggy. Thanks, mpx114. :smileyhappy:


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
Valued Contributor
armbenderc
Posts: 1,339
Registered: ‎09-11-2012
0

Re: Garden Club Meeting - November 2012


tinuviel wrote:

Hi, all!

 

I'd like to let everyone know that mxp114 has kindly created a transparent version of the seedling badge. I've updated the code on the opening post of this thread, so if you'd like to use it, just grab it and replace the old one in your siggy. Thanks, mpx114. :smileyhappy:


That is awesome. I'm just waiting on my 1 month badge lol.

 

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
Moderator Emeritus
tinuviel
Posts: 4,875
Registered: ‎11-02-2010
0

Re: Garden Club Meeting - November 2012


armbenderc wrote:

tinuviel wrote:

Hi, all!

 

I'd like to let everyone know that mxp114 has kindly created a transparent version of the seedling badge. I've updated the code on the opening post of this thread, so if you'd like to use it, just grab it and replace the old one in your siggy. Thanks, mpx114. :smileyhappy:


That is awesome. I'm just waiting on my 1 month badge lol.

 



You'll get there before you know it. I'm looking forward to being able to upgrade to silver in 10 days!!! :smileyvery-happy:

 


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
Moderator Emeritus
webhopper
Posts: 7,225
Registered: ‎09-16-2011
0

Re: Garden Club Meeting - November 2012


postalmommy wrote:

@webhopper

Thanks for the quick and helpful response.  So far all but one of my pending apps were denied which is a bummer. But I think I now have a healthy mix of credit. Please FICO fairy grant me good credit. :smileyfrustrated:


webhopper wrote:

@postalmommy

Minimum of 6 months... its usually not advised to apply for cards when you are in line for a mortgage. Typically new cards will drop your score for a short period of time due to the decrease in average age of accounts. You may see a score increase if you didn't have cards before... just be sure that you before you apply for mortgages; all of the cards except one should be at 0 balance and the one that is not should have less than 9% of its available credit used.

Best of luck.

also; depending on which mortgage product you are looking at; you will need a minimum of 640 score for FHA and 680 if you are going with a conventional... seems like you are very close! You may be house shopping by spring so by all means don't Max out the new cards and definately treat them well. If you have any baddies or unpaid collections; you will want to pay for delete or settle those prior to the mortgage process. Unpaid collection or chargeoff debt raises a big red flag in most underwriters' eyes.

 


Hate to say it, but those denials are probably a blessing in disguise!!  All those new accounts could have tanked your scores.

Unfortunately (insert drumroll here), there is no FICO fairy....   :smileysad:   I know, sad right?!        The only gains you make are the ones that you work hard for...  writing letters, paying on time, keeping balances low....   these are all examples of activities and behaviors that over time can lead you into the FICO utopia known as an 800 Fico score.  

 

FICO measures risk, and they accurately measure risk  by the way you use your current accounts, as well as behaviors such as seeking new credit, and opening new accounts...  Obviously someone that opens a lot of new accounts represents a greater risk than a consumer who has maintained the same 2 credit card accounts for a long time say...  8 years.

 

For a great discussion of what makes a Fico High Acheiver, check out this thread!  Lots of good information and inspiration contained in this thread!

 

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Expanded-quot-FICO-High-Achievers-quot-sc...

 


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Established Member
postalmommy
Posts: 21
Registered: ‎09-19-2012
0

Re: Garden Club Meeting - November 2012

 @webhopper

You are so right. I didn't expect to get all of them but I did expect a beeter ratio than 4/10. I feel like I wasted inquiries for nothing. I am definitely a work in progress and this forum has been God sent. Hopefully I can see a CLI on that Walmart cc soon. I can't believe they give out such low CLs.

Gardening until November 2013
TU 635 (myfico) Sept 2012; 642 (myfico) July 2013
EX 655 (FAKO) Nov 2012;
EQ 548 (FAKO) Nov 2012; 603 (myfico) July 2013
Goal 750 for ALL
Moderator Emeritus
tinuviel
Posts: 4,875
Registered: ‎11-02-2010
0

Re: Garden Club Meeting - November 2012


postalmommy wrote:

 @webhopper

You are so right. I didn't expect to get all of them but I did expect a beeter ratio than 4/10. I feel like I wasted inquiries for nothing. I am definitely a work in progress and this forum has been God sent. Hopefully I can see a CLI on that Walmart cc soon. I can't believe they give out such low CLs.


 

You should have high hopes for that. One of the things that I love about GE backed cards is that they have a tendancy to grow quickly. Keep gardening, and good luck!

 


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
Moderator Emeritus
webhopper
Posts: 7,225
Registered: ‎09-16-2011
0

Re: Garden Club Meeting - November 2012

Inquiry update:

 

As you guys know (or maybe don't know)   I had over 15 inquiries on each report when I first joined the garden club back in april or may.. I stepped out a few times, to do things that made sense financially, refinancing, and financing a car since my favorite car, a Volvo was totalled :smileysad:

 

So now, I've gone from 15 on each report (19 on TU)      to...   drumroll....

 

 

EX 6  EQ 7  TU 10

 

I can't wait for the last of the mortgage inquiries to fall off as well as the inquiries from my Feb / March CC apps. 

 

Thanks gardening club :smileyhappy:  Its nice to be back in the single digits LOL


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge

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
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}