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New Contributor
Posts: 65
Registered: ‎05-21-2013
0

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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Frequent Contributor
Posts: 324
Registered: ‎04-12-2013
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Re: I promised to garden.....

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


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- In garden till Dec 2014
Moderator
Posts: 27,123
Registered: ‎09-13-2012
0

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?
New Contributor
Posts: 65
Registered: ‎05-21-2013
0

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


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Moderator
Posts: 27,123
Registered: ‎09-13-2012
0

Re: I promised to garden.....

New Contributor
Posts: 65
Registered: ‎05-21-2013
0

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
Moderator
Posts: 7,195
Registered: ‎01-15-2009
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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. :smileywink:

Moderator
Posts: 27,123
Registered: ‎09-13-2012
0

Re: I promised to garden.....

Amex doesn't recon CLI's. Can't worry about it now-enjoy your sofa.
Senior Contributor
Posts: 6,242
Registered: ‎08-16-2012
0

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.
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