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I promised to garden.....

New Contributor

I promised to garden.....

Hey folks!

 

So i have been in the garden since June with the exception of soft pulls to increase large CLI's with my lendors.   However, I made a boo boo today. 

 

My fiance has been dying for a new couch for our new place we moved into 2 months ago.  Our current has been slowly breaking down.  Today I was at Gallery Furniture and found one that is perfect style and cost @ $1499.99.

 

They offered me a nice 15 month 0% financing + 5 year warranty (these guys are very well known here in Houston).  I went ahead and said, f it.  I can pay in full or take advantage of the financing.  I went ahead and applied for the financing (mad at myself) which is through Wells Fargo.  It is a line of credit with the furniture store only.  Much to my surprise - I was approved for $5500!  I did a down payment of $800 on the couch which brought my total financing to $1,000 for 15 months.  Not bad, eh?

 

Now...really going back to Garden as I want my AMEX in December!  I do not know who they pulled yet, but I'm going to call Wells Fargo on monday and go for a CLI.


Starting Score: 507 TU | 549 EX | 525 EQ // 05/11
Current Score: 773TU | 740 EX | 751 EQ // 06/13
Goal Score: 775 TU | 795 EX | 745 EQ


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Message 1 of 9
8 REPLIES
Frequent Contributor

Re: I promised to garden.....

If you have just one HP then it is not going to kill your chance for an Amex.


PNC Secured 2000 (Dec12), Chase Amazon 2000 (Apr13), CapOne Newcomer 2500 (May13), Citi dividend 3000 (May13), Discover IT 1000 (Jul13), Amex BCP 6000 (Jul13), Chase Southwest 10000 (Jul13), Chase Marriott 12000 (Oct 13), BofA Travel Rewards 5000 (Dec13)

- In garden till Dec 2014
Message 2 of 9
Moderator Emerita

Re: I promised to garden.....

Congratulations. Idk about WF LOC others might chime in but I'm curious as to why you want more on the LOC. Buying more furniture?
Message 3 of 9
New Contributor

Re: I promised to garden.....

After thinking about it, I don't think i really need the WF LOC.  I don't plan on buying more furniture now, but figured It would be better for me in the long run to have a higher limit since my UTL will be low.  After I pay this off - may not even be necessary.


Starting Score: 507 TU | 549 EX | 525 EQ // 05/11
Current Score: 773TU | 740 EX | 751 EQ // 06/13
Goal Score: 775 TU | 795 EX | 745 EQ


Take the myFICO Fitness Challenge
Message 4 of 9
Moderator Emerita

Re: I promised to garden.....

Message 5 of 9
New Contributor

Re: I promised to garden.....

Agree'd!  So hopefully it doesn't effect me with AMEX come December.  It will be a new account, but I noticed it did the HP on TU with Wells Fargo in Texas.  The pull also shows furniture - worst case I would recon with AMEX to ask them to review due to furnishing my home and that a fair chunk was paid up front.

 

I don't think it will be a huge problem


Starting Score: 507 TU | 549 EX | 525 EQ // 05/11
Current Score: 773TU | 740 EX | 751 EQ // 06/13
Goal Score: 775 TU | 795 EX | 745 EQ


Take the myFICO Fitness Challenge
Message 6 of 9
Moderator

Re: I promised to garden.....

Good luck! Sometimes the heck to credit reports.. you have to have furniture that is comfy! What makes sense makes cents, too. Smiley Wink

Message 7 of 9
Moderator Emerita

Re: I promised to garden.....

Amex doesn't recon CLI's. Can't worry about it now-enjoy your sofa.
Message 8 of 9
Highlighted
Senior Contributor

Re: I promised to garden.....

You must looooove your fiance.
I can't think of one person that I'd buy a new, expensive couch for- except my dearself.
West Elm keeps hounding me with pre approvals and mail catalogs!!!!
Nonetheless, CONGRATS! That's a nice cl.
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Message 9 of 9