01-06-2010 11:07 AM
I joined a local CU here in Orlando (CFE CU), just wondering how long should I wait before app'ing for a CC with them? Below is alittle updated credit info.
FICO 12/27/09: EQ:651 (5 INQ's) TU:671 (4 INQ's) EX: ?? (7 INQ's)
- All INQ's from 10/09, got alittle app happy that month
CapOne: $300 CL / $100 bal
HSBC: $320 CL / $97 bal
Zales: $750 CL / $100 bal
Kay's: $800 CL / $151 bal
Macy's: $400 CL / $339 bal (will be PIF'd on 1/7)
Car loan: $21K bal
(Never been late on any of the above credit/loan accounts)
1 pd collection due to come off in 10/2010 (I sent a GW letter to the CA, so hopefully they will accept and it comes off sooner)
No other baddies
I'm going to make sure all of my other CC's are PIF'd before app'ing
TIA for any tips or suggestions.
01-06-2010 11:33 AM
With your utility at 31%, I would definately make sure you pay off those balances before you apply. You should see a nice score jump as a result. CUs are typically more willing to extend credit to people with past problems, as you can explain in person what happened and that you have been perfect since.
Your number of inquiries is pretty high, which could be a sticking point if you have a lot of new credit. If any of the inquiries are set to fall off in the next month or two, i would be inclined to wait, but the choice is up to you. Good Luck!
01-06-2010 11:43 AM
01-06-2010 12:03 PM
01-06-2010 12:12 PM
Those balances were basically from holiday shopping. I usually just use my HSBC card to pay my monthly myFICO score watch and myFICO TU quarterly monitoring. My zales, kay's, and macy's I normally keep a $0 balance on them.
01-06-2010 12:30 PM
Thanks Lynette..I'm trying. Joining these forums have certainly helped me out tremendously in getting my credit back on a positive track.
01-07-2010 04:54 AM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.