I've posted a little bit about him and his credit profile (one CC, one auto loan, one student loan. CC had high utilization since he always spends on it and doesn't PIF...)
His CK score jumped, because...
- 5 hard inquiries dropped off his report from car shopping around this time two years ago, leaving TU with 1 hard inquiry
- He lowered his balance on Discover from $800 to $510
AND THE BEST...
- Discover upped his limit AGAIN from $1900 tooooooo $3000!! And he didn't even ask for it! This dramatically reduced his utilization from in the 40%s to 17%!!
Here's to him getting a better credit score and a handle on his financial well-being 
This is awesome! Start getting him to pay in full though and watch those scores sky rocket.
NFCU FLagship $14k | BofA Plat PLUS $2k | Slate $2.5k | USAA Amex $4k | IT $4k | USAA World $7.5k | Citi TYP $4.5k |
@daybreakgonesXe wrote:I've posted a little bit about him and his credit profile (one CC, one auto loan, one student loan. CC had high utilization since he always spends on it and doesn't PIF...)
His CK score jumped, because...
- 5 hard inquiries dropped off his report from car shopping around this time two years ago, leaving TU with 1 hard inquiry
- He lowered his balance on Discover from $800 to $510
AND THE BEST...
- Discover upped his limit AGAIN from $1900 tooooooo $3000!! And he didn't even ask for it! This dramatically reduced his utilization from in the 40%s to 17%!!
Here's to him getting a better credit score and a handle on his financial well-being
Congrats to him... now he should get a new credit card!
@Creditaddict wrote:
@daybreakgonesXe wrote:I've posted a little bit about him and his credit profile (one CC, one auto loan, one student loan. CC had high utilization since he always spends on it and doesn't PIF...)
His CK score jumped, because...
- 5 hard inquiries dropped off his report from car shopping around this time two years ago, leaving TU with 1 hard inquiry
- He lowered his balance on Discover from $800 to $510
AND THE BEST...
- Discover upped his limit AGAIN from $1900 tooooooo $3000!! And he didn't even ask for it! This dramatically reduced his utilization from in the 40%s to 17%!!
Here's to him getting a better credit score and a handle on his financial well-being
Congrats to him... now he should get a new credit card!
I've been telling him to not only PIF (@transfermoney), but to consider getting a new CC. We talked about his big spends (gas and grocery, since he works at Whole Foods), and the Sallie Mae card is a perfect fit for him. He wants to wait until the next quarter though, since Discover is currently taking up his gas purchases.
So we shall wait until mid-September, and apply for it then!
