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Line of Credit

Member

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.

12 REPLIES
Frequent Contributor

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: 4/2016 - TU 841 | EQ 840 | EX 837

FNBO 23,600 | Amex SPG 13,900 | Amex BCP 13,400 | Barclays/Sallie Mae13,000 | Discover IT 12,500 | Lowes 10,000 | PLOC 9,300 | NASA FCU 8,700 | Citi Simplicity 6,200 | BOA Platinum+ 6,000 | Achieva CU 5,500 | Chase CSP 5,000 | Sam's Club 3,000 | Sears 900
Epic Contributor

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?

Member

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

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.

Epic Contributor

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?

Member

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 


Epic Contributor

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?

Member

Re: Line of Credit

EFX 667
TU 662
All accounts are paid except mortgage and auto. Last late was 8/2010 no bks
Established Contributor

Re: Line of Credit

LOL! Greenspan, I just have to laugh. Smiley Very 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!

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