@Anonymouswrote:Hi guys, I'm new to credit. All my CCs are in my sig so please take a look. I have a few personal questions about what should I do and how should I do it.
1) I told my gf to remove me from Suntrust CC because she is going to transfer $3200 total ($4000 CL) by the end of March. I was removed couple days ago and already see that card as closed under my account with only 1 mo of credit history using it (no payment records for that card). Is it good or bad? If I was AU should I ask for a complete removal from my credit profile or keep it?
2) I got 3 new cards within 3 weeks (late Jan-early Feb): Chase, Overstock and Discover. I set up scheduled payments with Chase for $50 almost every week and keep my balance around $100-150 every mo. I don't want to pay in full but I'm going to make 2-4 payments of $50 each mo for the first 6 mo. How can I request CLI? Online/by phone? What are my chances to get CLI if I pay them $50 couple times every mo? After 6 mo (doesn't matter if they will give me CLI or not) I'm going to increase my CC balance to $1000-1500 before their Intro APR ends. And then pay in full and try to ask for another CLI (it'll be in 12-14 mo from now). 3) I plan to use Overstock once in 6 mo for small purchases (under $50). Do they offer auto CLI? Can they close my account if I don't use their CC for 9+ mo?
4) My strategy with Discover is to use up to $200/mo (10% CU) and pay in full. Will they give me any CLI without asking?
5) My Cap1 is the oldest and the worst card, but I want to use it for $1/mo Amazon Gift Card Balance to show some activity. It's been 13 mo since I opened that account. They increased my CLI from $351 to $651 last summer, but when I asked them about another CLI this January they said no. Is there any chance for me to get PC/upgrade? I tried to use a special link for it but it shows no upgrades available. Will I ever qualify for any PC or I'm stuck with it forever?
6) What is the best place to get secured loan? I read somewhere that it should be opened and not completely paid when you apply for mortgage. P.S.: I got my green Discover today. They send me my credit score report: FICO Equifax 726. I'm sure it will go down, but my goal for mortage is 760+ in 20-24 mo.
Thank you
Wow you have a lot of questions.
1. Good that you're no longer AU on Suntrust account. You can't get it removed from your record.
2. You're wasting your breath and a hard pull to ask Chase for a CLI, so don't bother.
3. [you skipped 3]
4. Discover sometimes does auto CLI's but you can ask for a CLI and it's a soft pull.
5. You can call Cap I and ask if you're eligible for an upgrade.
6. You should stop applying for things. Chill out for at least 6 months , preferably longer. We haven't found a share secured loan provider comparable to Alliant, since Alliant stopped making SSL's.
@SouthJamaicawrote:
@Anonymouswrote:Hi guys, I'm new to credit. All my CCs are in my sig so please take a look. I have a few personal questions about what should I do and how should I do it.
1) I told my gf to remove me from Suntrust CC because she is going to transfer $3200 total ($4000 CL) by the end of March. I was removed couple days ago and already see that card as closed under my account with only 1 mo of credit history using it (no payment records for that card). Is it good or bad? If I was AU should I ask for a complete removal from my credit profile or keep it?
2) I got 3 new cards within 3 weeks (late Jan-early Feb): Chase, Overstock and Discover. I set up scheduled payments with Chase for $50 almost every week and keep my balance around $100-150 every mo. I don't want to pay in full but I'm going to make 2-4 payments of $50 each mo for the first 6 mo. How can I request CLI? Online/by phone? What are my chances to get CLI if I pay them $50 couple times every mo? After 6 mo (doesn't matter if they will give me CLI or not) I'm going to increase my CC balance to $1000-1500 before their Intro APR ends. And then pay in full and try to ask for another CLI (it'll be in 12-14 mo from now). 3) I plan to use Overstock once in 6 mo for small purchases (under $50). Do they offer auto CLI? Can they close my account if I don't use their CC for 9+ mo?
4) My strategy with Discover is to use up to $200/mo (10% CU) and pay in full. Will they give me any CLI without asking?
5) My Cap1 is the oldest and the worst card, but I want to use it for $1/mo Amazon Gift Card Balance to show some activity. It's been 13 mo since I opened that account. They increased my CLI from $351 to $651 last summer, but when I asked them about another CLI this January they said no. Is there any chance for me to get PC/upgrade? I tried to use a special link for it but it shows no upgrades available. Will I ever qualify for any PC or I'm stuck with it forever?
6) What is the best place to get secured loan? I read somewhere that it should be opened and not completely paid when you apply for mortgage. P.S.: I got my green Discover today. They send me my credit score report: FICO Equifax 726. I'm sure it will go down, but my goal for mortage is 760+ in 20-24 mo.
Thank you
Wow you have a lot of questions.
1. Good that you're no longer AU on Suntrust account. You can't get it removed from your record. <---Nope
2. You're wasting your breath and a hard pull to ask Chase for a CLI, so don't bother.<--Yep for now
3. [you skipped 3]
4. Discover sometimes does auto CLI's but you can ask for a CLI and it's a soft pull.<----Yep
5. You can call Cap I and ask if you're eligible for an upgrade.<--Yep
6. You should stop applying for things. Chill out for at least 6 months , preferably longer. We haven't found a share secured loan provider comparable to Alliant, since Alliant stopped making SSL's.<--Yep Theres SelfLender but thats 1. A bit more expensive and has monthly payments.. Alliant once you paid back over X percent which you did with the loan.. you only had to pay them small amounts to keep the account active...
Uhm actually if your an AU on any account... you can get it removed from the CRAs..... AUs have no financial responsibility on an tradeline/account.. doesn't mean it will be easy.. or you should... You can hit up the 3 CRAs and put in to have the AU account removed....
