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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?
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