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Member
greenspan
Posts: 10
Registered: ‎09-24-2012

Line of Credit

I am looking to secure a line of credit and was wondering what banks are my best bet I have a 667 fico.

Contributor
SpiceIslander
Posts: 315
Registered: ‎02-01-2010

Re: Line of Credit

Welcome to the forums! Securing a line of credit is not solely dependent upon your FICO score. They will look at your entire credit profile and your income in addition to how much you're asking for. You'll have to let us know what credit you currently have and the status, whether you have negatives, utilization, etc. I would suggest a credit union or a bank that you have an established relationship with.

Meg.

FICO: 02/2014 - TU 756 | EQ ??? | EX 769

Amex BCP 12900 | Lowes 10,000 | LOC 9300 | Sallie Mae/Barclays World MC 9000 | FNBO 7100 | BOA Platinum+ 6000 | Citi Simplicity 5200 | Chase CSP 5000 | Achieva CU 4000 | Discover 3000 | Sam's Club 3000 | Sears 900
Mega Contributor
Creditaddict
Posts: 16,881
Registered: ‎10-23-2007

Re: Line of Credit


greenspan wrote:

I am looking to secure a line of credit and was wondering what banks are my best bet I have a 667 fico.


1. Who do you bank with currently for checking?

2. Are you current member of any credit unions?

3. How much are you looking for?

4. Do you need it now up to certain amount or you want it just sitting?

Fico Scores: EQ 620, TU 675 & EX 703 (4-1-14)
Joint Cards: Navy NavCheck $15000, Discover iT $9000, Macy Amex $4000, Macy Store $3000, Macy Furniture $5800
AU: Virgin America $8500, CSP $27,000, Fidelity Amex $25,000, AA Biz $25,000, Barclay USAir Biz $6640
Mine: Navy NavCheck $3000, Kay Jewelry $2700, Pottery Barn $2800, FleetCard MC Biz $1800, HSN $1500, Vitacost MC $1500, Navy Cash $1500 and nRewards $1500, Bill Me Later $772, Cap1 Sony $750, Cap1 Spark $750, Best Buy MC $750, GE 76 Gas $650, Von Maur $600, Cap1 QuickSilver $500, Burbank CU $500, Kohls $300, Target1 $300, Target2 $300, Buckle $250, Express $250, Target3 $200
Member
greenspan
Posts: 10
Registered: ‎09-24-2012

Re: Line of Credit

I currently have checking accounts with Wells Fargo and PNC.

I am a member of Associated CU

I am looking for a line of $10,000

I am looking to use it to make various investments.

Member
greenspan
Posts: 10
Registered: ‎09-24-2012

Re: Line of Credit

I make around 6,800 per month.  I have 24 months of clean payment history and a 11 year old credit history.  I have 10% utilization of a total of $2,800 in crecit card limits.

Mega Contributor
Creditaddict
Posts: 16,881
Registered: ‎10-23-2007

Re: Line of Credit


greenspan wrote:

I currently have checking accounts with Wells Fargo and PNC.

I am a member of Associated CU

I am looking for a line of $10,000

I am looking to use it to make various investments.


What Credit Cards do you currently have and those limits and balances?

If not part of my above question, do you have any credit with Wells or PNC?

Fico Scores: EQ 620, TU 675 & EX 703 (4-1-14)
Joint Cards: Navy NavCheck $15000, Discover iT $9000, Macy Amex $4000, Macy Store $3000, Macy Furniture $5800
AU: Virgin America $8500, CSP $27,000, Fidelity Amex $25,000, AA Biz $25,000, Barclay USAir Biz $6640
Mine: Navy NavCheck $3000, Kay Jewelry $2700, Pottery Barn $2800, FleetCard MC Biz $1800, HSN $1500, Vitacost MC $1500, Navy Cash $1500 and nRewards $1500, Bill Me Later $772, Cap1 Sony $750, Cap1 Spark $750, Best Buy MC $750, GE 76 Gas $650, Von Maur $600, Cap1 QuickSilver $500, Burbank CU $500, Kohls $300, Target1 $300, Target2 $300, Buckle $250, Express $250, Target3 $200
Member
greenspan
Posts: 10
Registered: ‎09-24-2012

Re: Line of Credit

Bank of America Secured $1000limit /$20 bal

Cap 1 500/ 5

Cap 1 750/15

Orchard Bank 500/10

Applied Bank 500/5

  No lines with Wells or PNC.

 

Thanks 


Mega Contributor
Creditaddict
Posts: 16,881
Registered: ‎10-23-2007

Re: Line of Credit


greenspan wrote:

Bank of America Secured $1000limit /$20 bal

Cap 1 500/ 5

Cap 1 750/15

Orchard Bank 500/10

Applied Bank 500/5

  No lines with Wells or PNC.

 

Thanks 



Who is your 667 Fico with?

When is last Baddie, what is still showing unpaid? Any bk's?

Fico Scores: EQ 620, TU 675 & EX 703 (4-1-14)
Joint Cards: Navy NavCheck $15000, Discover iT $9000, Macy Amex $4000, Macy Store $3000, Macy Furniture $5800
AU: Virgin America $8500, CSP $27,000, Fidelity Amex $25,000, AA Biz $25,000, Barclay USAir Biz $6640
Mine: Navy NavCheck $3000, Kay Jewelry $2700, Pottery Barn $2800, FleetCard MC Biz $1800, HSN $1500, Vitacost MC $1500, Navy Cash $1500 and nRewards $1500, Bill Me Later $772, Cap1 Sony $750, Cap1 Spark $750, Best Buy MC $750, GE 76 Gas $650, Von Maur $600, Cap1 QuickSilver $500, Burbank CU $500, Kohls $300, Target1 $300, Target2 $300, Buckle $250, Express $250, Target3 $200
Member
greenspan
Posts: 10
Registered: ‎09-24-2012

Re: Line of Credit

EFX 667
TU 662
All accounts are paid except mortgage and auto. Last late was 8/2010 no bks
Frequent Contributor
adavis425
Posts: 475
Registered: ‎02-14-2012

Re: Line of Credit

LOL! Greenspan, I just have to laugh. :smileyvery-happy: Do you feel as if you've just gone through the app process? I know folks here need this info to answer your questions and help you out, but it just struck me as funny while reading each post. Welcome and good luck!

AmEx Platinum | AmEx BCP | AmEx Delta Gold | CSP | Chase Freedom | NFCU cashRewards Visa Sig | NFCU Plat MC | WM Discover | Discover it | JCP



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