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IS IT TOO MUCH CREDIT.....NEED TO GARDEN

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tennisfan78
Established Contributor

Re: IS IT TOO MUCH CREDIT.....NEED TO GARDEN


@ObeyJohnny12 wrote:

@Repo-ed wrote:

I'm not hating on you, but I just don't understand it.

 

I don't like managing what little I have, and I don't have any with balances.  But to log into each everyday to make sure all are $0 is enough work in itself.


I agree with you! It's such a hassle handling cards. The different due date, the balances. 


+1


Starting Score: EQ=665,TU=618 on Oct 9,2010
EQ=702,TU=725 on Apr 11, 2012 EQ=705 on Oct 31, 2012 Current Score: EQ=702, TU=714 on Dec 8, 2012
Goal Score: 750

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Message 11 of 28
joshy
Valued Member

Re: Do you use all of those cards?

@QAMngrGirl    I do use all of them and I have them setup on autopay so if I forget to pay one of them it pays them the min

                            I have a reson for every card -cash back-bonus points-ext. most of the time a carry a balance and my salary is $105,400 a year

Credit Cards:Amex BCE $5K. Amex costco $15K,Chase Freedom $1K, Discover $4K,Discover it $1.7K Cap1 $2.5K, Cap1 $1.5K, Cap1 visa $1K, BBRZMC $300, BNFL $1450, Cap1 $2K. BRCU $1K.chevrom visa $3.3K, toyrus visa $6.3K,walmart DC$2.4k,Gap vs$4k

Store Card.Walmart $3.3K,Amazon $3.5K, Old Navy $4.7K, KOHLS $500, The Children's Place $325. Target $700, Express $1.15K. paypal SC $1.8K, MACYS $2.5k
Message 12 of 28
joshy
Valued Member

Re: IS IT TOO MUCH CREDIT.....NEED TO GARDEN

@drewrico   if you bank with chase go to a banker and ask to apply for freedom then when you get denied ask him or her to call in for a recon they have a better backdoor # and you will have a better chance to get approved for ask them to give you a chance and to start you with a small limit like $500 to $1000, thats how i got in with chase

Credit Cards:Amex BCE $5K. Amex costco $15K,Chase Freedom $1K, Discover $4K,Discover it $1.7K Cap1 $2.5K, Cap1 $1.5K, Cap1 visa $1K, BBRZMC $300, BNFL $1450, Cap1 $2K. BRCU $1K.chevrom visa $3.3K, toyrus visa $6.3K,walmart DC$2.4k,Gap vs$4k

Store Card.Walmart $3.3K,Amazon $3.5K, Old Navy $4.7K, KOHLS $500, The Children's Place $325. Target $700, Express $1.15K. paypal SC $1.8K, MACYS $2.5k
Message 13 of 28
Strepthroat
Frequent Contributor

Re: IS IT TOO MUCH CREDIT.....NEED TO GARDEN

It's only too much credit if you can't juggle the cards or pay them off each month unless you're taking advantage of 0 interest cards. Noticed you have a lot of low limit cards. I bet if you garden for at least a year you would see increases on some of these accounts.
Chase Marriott Visa $25,000 | Chase Southwest Visa $25,000 | PFCU Visa $20,000 | Capital One Savor $20,000 | Nordstrom Visa $20,000 | GUCU Visa $10,500 | CapitalOne Quicksilver Visa $10,000 | US Bank Perks Visa $9,000 | Barclays Cash Forward Visa $6,000 | BB&T Spectrum Cash Visa $3,500
Message 14 of 28
joshy
Valued Member

Re: IS IT TOO MUCH CREDIT.....NEED TO GARDEN

1+

time to go to the garden for then next 1 or 2 trying to build as much credit as possible looking to buy a house in the next 2 to 3 years

Credit Cards:Amex BCE $5K. Amex costco $15K,Chase Freedom $1K, Discover $4K,Discover it $1.7K Cap1 $2.5K, Cap1 $1.5K, Cap1 visa $1K, BBRZMC $300, BNFL $1450, Cap1 $2K. BRCU $1K.chevrom visa $3.3K, toyrus visa $6.3K,walmart DC$2.4k,Gap vs$4k

Store Card.Walmart $3.3K,Amazon $3.5K, Old Navy $4.7K, KOHLS $500, The Children's Place $325. Target $700, Express $1.15K. paypal SC $1.8K, MACYS $2.5k
Message 15 of 28
ilovelisa
Established Contributor

Re: IS IT TOO MUCH CREDIT.....NEED TO GARDEN


@joshy wrote:

STARTED MY CREDIT ON NOVEMBER 7,2011


 

TRANSUNION FECO 638

 

AMEX COSTCO $15,000

AMEX DELTA SKYMILE $5,000

CAP ONE $2,500

DISCOVER MORE $1,200

DISCOVER IT    $1,700

CAP ONE $2,000

CHASE $1,000

CHASE $500

TARGET $700

GECRB/WALMAR $1,500

KOHLS/CAPONE $300

GECRB/HDFURN $1,000

GECRB/OLDNAV $1,500

GECRB/GAP VISA $1,200

CHLD/CBNA $325

BRCLYSBANKDE NFL $500

GECRB/AMAZON $700

CAP ONE JERNEY $500

JENAPO LBRTY $1,000

CAP ONE BESTBUY $300

CAP ONE $750

CB/EXPRESS $1,150

GECRB/CHEVRO $500

GECRB/CHEVRO VISA $1,800

GECRB/SMRTCN $300

GECRB/TYDC $1,400

JENAPO LBRTY $1,000

 

Credit Card Utilization Rate 21%

 

AUTO LOAN SUMMARY
Updated Jan 08, 2013
Total Auto Loan Balances $25,829

 

Auto Lease - KIA MTR FIN $16,110

Auto Lease - AMER HONDA $9,719

 

Total Personal & Other Loan Balances

Personal Loan - ONEMAIN FI $5,193

 



Open Credit Utilization 22%

On-Time Payments 100%

Credit Inquiries 28

 


Oh my, i thought my 11 was too much.

 

How do you keep track of which ones have balances, and when the payments are due? Nevermind, i read on the the 2nd page lol

 

Amex BCE $10,000 | BofA Power Rewards WMC $10,000 | Discover It $10,000 | ICBC Preferred Gold UnionPay $8,000 | Local CU Visa $3,500
Message 16 of 28
drewrico
New Contributor

Re: IS IT TOO MUCH CREDIT.....NEED TO GARDEN

awww i dont bank with chase. I bank with a local bank. im still gonna call exec office after i get off work tomorrow and ask for a chance.

Message 17 of 28
youngandcreditwrthy
Senior Contributor

Re: IS IT TOO MUCH CREDIT.....NEED TO GARDEN

The # of accounts you have really doesn't matter as long as you PAY THEM....

in fact, the more, the better!!

 

 

you just need to work on building your limits!!!

 

:-) GECRB can be very very generous once you get a year or two in with them...... as you can see from my siggy. I'd get that util lower too... 22% is on the uncomfortable side for me personally.

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 18 of 28
colindidit
Established Contributor

Re: IS IT TOO MUCH CREDIT.....NEED TO GARDEN

I thought I had a lot! But more power to you for being able to manage all that...I can't believe I used to have so many open balances every month...I'm going insane with just 5 now!

Wallet: Barclay-5k, Citadel MC- 5k, Slate- 4k, Freedom- 3k, BOA- 3k, Citi- 2k, AMEXBCE- 2k and more...
Message 19 of 28
joshy
Valued Member

Re: IS IT TOO MUCH CREDIT.....NEED TO GARDEN

@youngardcrediwrthy  my only reason im at 22% is due to a new baby and the holidays with in 2 month should be back down to under 9%

Credit Cards:Amex BCE $5K. Amex costco $15K,Chase Freedom $1K, Discover $4K,Discover it $1.7K Cap1 $2.5K, Cap1 $1.5K, Cap1 visa $1K, BBRZMC $300, BNFL $1450, Cap1 $2K. BRCU $1K.chevrom visa $3.3K, toyrus visa $6.3K,walmart DC$2.4k,Gap vs$4k

Store Card.Walmart $3.3K,Amazon $3.5K, Old Navy $4.7K, KOHLS $500, The Children's Place $325. Target $700, Express $1.15K. paypal SC $1.8K, MACYS $2.5k
Message 20 of 28
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