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Established Member
jeffcasd
Posts: 30
Registered: ‎07-03-2009
0

JUST CLOSED!!!! Now what Cards

ok just closed Yesterday in ohio on my home loan.  My equifax fico is 644 and transunion fico 661.  I was wanting to apply for the chase freedom and a lowes card. do u think i should right now??? what are my chances?? i have a capital one cash rewards and a orchard card utilization is 27%   thanks

Starting Score: 647 equifax fico 660 Transunion fico 627 experian fico lender pulled
Current Score: 648,660,627
Goal Score: 735 across the board
Community Leader
Senior Contributor
myjourney
Posts: 26,659
Registered: ‎02-07-2013
0

Re: JUST CLOSED!!!! Now what Cards


jeffcasd wrote:

ok just closed Yesterday in ohio on my home loan.  My equifax fico is 644 and transunion fico 661.  I was wanting to apply for the chase freedom and a lowes card. do u think i should right now??? what are my chances?? i have a capital one cash rewards and a orchard card utilization is 27%   thanks


Congrats on the new home Yay

UTL is a little high if you can pay it down to 10% I think you should be good for both before home reports on CR

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Established Member
jeffcasd
Posts: 30
Registered: ‎07-03-2009
0

Re: JUST CLOSED!!!! Now what Cards

bump

Starting Score: 647 equifax fico 660 Transunion fico 627 experian fico lender pulled
Current Score: 648,660,627
Goal Score: 735 across the board
Frequent Contributor
austinguy907
Posts: 304
Registered: ‎03-03-2008
0

Re: JUST CLOSED!!!! Now what Cards

pay them down and let your score go up.  your mortgage probably won't report for 2-6 months either.  

Scores by lender CLI requests 4/15/14: EQ 760 / TU 755 / EX
------------------------------------------------------------------------------------
Scores by lender 4/25/11: EQ 705 / EX 743 / TU 735
Mortgage closed 5/20/2011!
Frequent Contributor
Cheryla18
Posts: 449
Registered: ‎10-13-2009
0

Re: JUST CLOSED!!!! Now what Cards


myjourney wrote:

jeffcasd wrote:

ok just closed Yesterday in ohio on my home loan.  My equifax fico is 644 and transunion fico 661.  I was wanting to apply for the chase freedom and a lowes card. do u think i should right now??? what are my chances?? i have a capital one cash rewards and a orchard card utilization is 27%   thanks


Congrats on the new home Yay

UTL is a little high if you can pay it down to 10% I think you should be good for both before home reports on CR


How does the Home Loan affect the credit when it hits?

myFico EQ 612 (8/14) 596 (2/14) 574 (12/13) 497(1-7-13
myFico Exp 626 (2-10-14) 602 (11-17-13)
MyFico TU 618 (2-10-14) 589 (11-17-13)
Current Goal 640
Final Goal. 700
Established Member
jeffcasd
Posts: 30
Registered: ‎07-03-2009
0

Re: JUST CLOSED!!!! Now what Cards

well i applied for the freedom and was approved for 2000!!!  Applied for the discover IT and was approved for 1000!  applied for the lowes card and was approved for 300.00 boo.  thanks guy and gals for all you help!! 

Starting Score: 647 equifax fico 660 Transunion fico 627 experian fico lender pulled
Current Score: 648,660,627
Goal Score: 735 across the board
Community Leader
Senior Contributor
myjourney
Posts: 26,659
Registered: ‎02-07-2013
0

Re: JUST CLOSED!!!! Now what Cards


jeffcasd wrote:

well i applied for the freedom and was approved for 2000!!!  Applied for the discover IT and was approved for 1000!  applied for the lowes card and was approved for 300.00 boo.  thanks guy and gals for all you help!! 


Congrats again 

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Community Leader
Senior Contributor
myjourney
Posts: 26,659
Registered: ‎02-07-2013
0

Re: JUST CLOSED!!!! Now what Cards

[ Edited ]

Cheryla18 wrote:

myjourney wrote:

jeffcasd wrote:

ok just closed Yesterday in ohio on my home loan.  My equifax fico is 644 and transunion fico 661.  I was wanting to apply for the chase freedom and a lowes card. do u think i should right now??? what are my chances?? i have a capital one cash rewards and a orchard card utilization is 27%   thanks


Congrats on the new home Yay

UTL is a little high if you can pay it down to 10% I think you should be good for both before home reports on CR


How does the Home Loan affect the credit when it hits?


Some scores climb after it hits some drop of  course YMMV

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Moderator
Revelate
Posts: 9,648
Registered: ‎12-30-2011
0

Re: JUST CLOSED!!!! Now what Cards

[ Edited ]

myjourney wrote:

Cheryla18 wrote:

myjourney wrote:

jeffcasd wrote:

ok just closed Yesterday in ohio on my home loan.  My equifax fico is 644 and transunion fico 661.  I was wanting to apply for the chase freedom and a lowes card. do u think i should right now??? what are my chances?? i have a capital one cash rewards and a orchard card utilization is 27%   thanks


Congrats on the new home Yay

UTL is a little high if you can pay it down to 10% I think you should be good for both before home reports on CR


How does the Home Loan affect the credit when it hits?


Some scores climb after it hits some drop of  course YMMV


To expand on this a litte; if someone doesn't have much (call it less than 2 tradelines) installment history on their credit report, a mortgage may provide a boost to one's FICO even though it's a new account based on the mix-of-credit function.

 

In my case, where I have a personal loan, and two auto loan tradelines, one won't get that benefit; at best in my case it'll be neutral to my score (I have plenty of installment loans on file now, and my AAoA is so short it's irrelevant); however, I'll take a hit for the inquiries at that point with my own theoretical mortgage.

 

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Senior Contributor
youngandcreditwrthy
Posts: 6,242
Registered: ‎08-16-2012
0

Re: JUST CLOSED!!!! Now what Cards

Call GE Credit Solutions to get the Lowe's CLI'ed!!
Ask for $5k cl; don't be shy!

Report back!
Call 18773794936

It's just a sp on Transunion.

Gecrb is da bomb!😌
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k

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