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Garden Club Meeting - November 2012

Frequent Contributor

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
Message 161 of 287
Valued Contributor

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. Smiley Happy

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 832 EX 783 TU 816
App free since 9/15/15
Message 162 of 287
Established Member

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. Smiley Frustrated


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
Message 163 of 287
Moderator Emeritus

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. Smiley 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
Message 164 of 287
Valued Contributor

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. Smiley Happy


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%
Message 165 of 287
Moderator Emeritus

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. Smiley Happy


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!!! Smiley Very 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
Message 166 of 287
Moderator Emeritus

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. Smiley Frustrated


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....   Smiley Sad   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
Message 167 of 287
Established Member

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
Message 168 of 287
Moderator Emeritus

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
Message 169 of 287
Moderator Emeritus

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 Smiley Sad

 

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 Smiley Happy  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
Message 170 of 287