@CreditEd wrote:Never even cared about my credit score being so high let alone actually achieving it. This Saturday Score Watch reported that my EQ score is at 761. Plus I have two more payments to make this week that will bring my utilization down even more (from 26% to 2%).
I'm so excited that now that I'm here, I don't want to take an inquiry to pull me below 760. But I also have a strategy to add 4 new cards to ensure that all of my low levels can go and I can establish all fully primes.
It's interesting looking at the potential mortgage and car rates to understand the potential savings. If you all could would you do refinancing, new purchasing of continue building more prime credit cards and higher limits?
Your thoughts would be greatly welcomed...
Basically I have done all of the above, adding new cards with higher limits, refinancing debt, purchasing a house and a car, adding a revolving LOC
FICO 9: 
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
At that point, though, I would focus on laying low on credit cards and shop for refinancing as I originally suggested.
thx for the advise. To be a bit more candid, We bought my house with the wife on the mortgage alone due to my credit situation at the time. I'm actually now in the position to get that corrected as well.
@webhopper wrote:
@CreditEd wrote:Never even cared about my credit score being so high let alone actually achieving it. This Saturday Score Watch reported that my EQ score is at 761. Plus I have two more payments to make this week that will bring my utilization down even more (from 26% to 2%).
I'm so excited that now that I'm here, I don't want to take an inquiry to pull me below 760. But I also have a strategy to add 4 new cards to ensure that all of my low levels can go and I can establish all fully primes.
It's interesting looking at the potential mortgage and car rates to understand the potential savings. If you all could would you do refinancing, new purchasing of continue building more prime credit cards and higher limits?
Your thoughts would be greatly welcomed...
I have reached the 700 club.... since reaching the 700 club, here are the things I have done in the past year. Prior to reaching 700, I had:
1) a discover card 3600 limit opened in 1999 (this was my only major CC).
2) a mortgage at 6.125% closed in April 2008.
3) A JCPenny card, inactive with a $124 limit (had not used the card since 2003).
4) Auto loan with Tulsa Federal CU at 7.5% 2007 Ford Explorer Sport Trac
I reached the 700 club in Dec 2011 after my mortgage broker fought hard to remove inaccurate reporting by Santander Consumer USA, who I never had a loan with (they were inaccurately reporting a CO in 2010)
January 2012: Closed on a new principle residence. 163k at 4.125%
February 2012: Applied and approved for Amex Zync NPSL, and Chase Amazon 5k limit (had to recon and explain that all the inqs were from mortgage process)
March 2012: Applied for NFCU membership. Refinanced the Ford to 4.05%, shaved one year off the payments; Pre-approved for NFCU cash rewards card. got approved for 22k, holy crap.
March 2012 Resurrected the JCPenny and CLI to 600.
March 2012 - July 30, 2012 Intense Gardening, got married
, Auto CLI on JCPenney to $1100
July 30 2012 - Applied to refinance the first house from 6.125% to 3.5%
August 29, 2012 - Car (2008 Volvo s40 that was paid for) is totalled
Sept 2012 - Opened Navcheck 15k limit, to use for my contractor who is remodeling bathrooms in the first house. Auto CLIs have brought Discover to 5k
Oct 2012 - Approved for NFCU new auto loan 45k at 1.79%.. will be purchasing a volvo xc90 using European Delivery Program, have 60 days to give the 45k check to the dealership; No documentation required.
WOWWWWWWWWWWWWWWWWWWWWWWWW You've had a busy year. Much in this writeup for me to emulate. THANKS and CONGRATS!
@CreditEd wrote:
@webhopper wrote:
@CreditEd wrote:Never even cared about my credit score being so high let alone actually achieving it. This Saturday Score Watch reported that my EQ score is at 761. Plus I have two more payments to make this week that will bring my utilization down even more (from 26% to 2%).
I'm so excited that now that I'm here, I don't want to take an inquiry to pull me below 760. But I also have a strategy to add 4 new cards to ensure that all of my low levels can go and I can establish all fully primes.
It's interesting looking at the potential mortgage and car rates to understand the potential savings. If you all could would you do refinancing, new purchasing of continue building more prime credit cards and higher limits?
Your thoughts would be greatly welcomed...
I have reached the 700 club.... since reaching the 700 club, here are the things I have done in the past year. Prior to reaching 700, I had:
1) a discover card 3600 limit opened in 1999 (this was my only major CC).
2) a mortgage at 6.125% closed in April 2008.
3) A JCPenny card, inactive with a $124 limit (had not used the card since 2003).
4) Auto loan with Tulsa Federal CU at 7.5% 2007 Ford Explorer Sport Trac
I reached the 700 club in Dec 2011 after my mortgage broker fought hard to remove inaccurate reporting by Santander Consumer USA, who I never had a loan with (they were inaccurately reporting a CO in 2010)
January 2012: Closed on a new principle residence. 163k at 4.125%
February 2012: Applied and approved for Amex Zync NPSL, and Chase Amazon 5k limit (had to recon and explain that all the inqs were from mortgage process)
March 2012: Applied for NFCU membership. Refinanced the Ford to 4.05%, shaved one year off the payments; Pre-approved for NFCU cash rewards card. got approved for 22k, holy crap.
March 2012 Resurrected the JCPenny and CLI to 600.
March 2012 - July 30, 2012 Intense Gardening, got married
July 30 2012 - Applied to refinance the first house from 6.125% to 3.5%
August 29, 2012 - Car (2008 Volvo s40 that was paid for) is totalled
Sept 2012 - Opened Navcheck 15k limit, to use for my contractor who is remodeling bathrooms in the first house. Auto CLIs have brought Discover to 5k
Oct 2012 - Approved for NFCU new auto loan 45k at 1.79%.. will be purchasing a volvo xc90 using European Delivery Program, have 60 days to give the 45k check to the dealership; No documentation required.
WOWWWWWWWWWWWWWWWWWWWWWWWW You've had a busy year. Much in this writeup for me to emulate. THANKS and CONGRATS!
LOL it feels like 2012 has been a skyrocket year. I was so angry at Santander... and I'm glad I was able to win with my broker's help, and with his brokerage threatening to sue them unless the situtation was corrected immediately.
My husband and I feel very fortunate and blessed to be able to move forward with the purchase of a new car, and we plan on paying off the truck with my bonus in March... we'll take US delivery of the new volvo in February, so we plan on continueing to have 3 cars, with only 1 of the cars having a note to pay.
FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
Opening those new Amex cards backdating to 1998 will most likely add points to offset the inquiries taken for the apps. To me, that sounds like a good plan there. If they are revolvers, will also aid in boosting util as well. Sounds like a plus plus to me
Hoping also to "unstick" my HSBC card, stuck at 2k since 2009 and my Chase card stuck at 3k since 2008 (was an old WaMu card. Chase is determined to keep me there I believe). Not sure if I will need to drop these cards and open new company cards. You know the deal, keeping hope alive like a faithful St Bernard...
Totally go for CSP if it interests you... might also look at penfed... they have a great card and no Foreign transaction fees.
FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
@webhopper wrote:
Totally go for CSP if it interests you... might also look at penfed... they have a great card and no Foreign transaction fees.
Trie to sneak in to NFCU but they needed more proof. Unfortunately I have no military ties and don't think that PenFed will take me. I actually opened a USBank account with 500 in hopes of seasoning it for this day. Going for the dual affect of the Amexes first, then hope to add a CitiBusiness card. Wish I had more insight as to why my current Chase is stuck and if my previous CSP app was because I was truly borderline at the time?
