07-13-2012 06:05 AM
Working stiff? I resemble that remark!!!
Follow my financial journey: http://www.frugalrican.com
07-13-2012 06:19 AM
07-13-2012 06:38 AM - edited 07-13-2012 07:14 AM
lol she is in the same boat as me: 20 yrs old, in college, and working part-time making about ~$20k/year.
07-13-2012 06:39 AM
So I actually just pulled up her TransUnion report (freeannualcreditreport), Experian (Quizzle/CreditSesame), and Equifax (myFICO). The Equifax myFICO is stating that she has a 7% utilization which is the average for FICO High Achievers. So should I apply for the Zync today and, if so, should I apply for the Citi Forward right afterwards?
Her scores are the following:
7/12/12 Equifax FICO 726
7/12/12 Credit Karma (TU) 706
7/12/12 Credit Sesame (EX) 740
AAoA = 8 months
Oldest account = 1 year, 2 months ago
No, you should help her apply though
I don't see the point in waiting, honestly... I think she stands a good chance of approval were she to apply today.
She can look at adding an AMEX revolver in Jan 2013 if she is so inclined. I advocate Amex Zync application today, possibly Citi. If it were me, I'd tell her to hold out and apply for an Amex revolver in Jan and skip the Citi, but then I'm not a Citi fan...
07-13-2012 07:31 AM
Sorry is she a student or working stiff? How much is her income?
Are you suggesting the Citi Forward Student as opposed to the regular Citi Forward?
07-13-2012 07:31 AM
07-13-2012 07:38 AM
If she's applying for Zync today should she also apply for citi afterwards or wait?
07-13-2012 07:42 AM - edited 07-13-2012 07:42 AM
07-13-2012 07:57 AM
App today. Forward for students if zync is rejected. If zync is successful, kind of person call which version to app for. If you go for regular version and get rejected, call for recon and tell them she meant to go for student version. Hard to say if that will work. Might be safer to get student version in first place. I forget how Citibank handles conversion if there is even one. Citibank may just give student one lower initial limit and wait until reported income goes up to give more.
Not sure if this is a bad idea or not but what if she applied for the regular Citi forward, was denied, and then appleid for the Citi forward student? Would they perhaps use the same inquiry or would I be able to call up the credit bureau and get them to remove one of the inquiries and say it was a mistake?
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.