Credit Card Center Advertiser Disclosure

Reply
Regular Contributor
Posts: 149
Registered: ‎10-09-2015
0 Kudos

Lowes Project Credit LIne Which Is Better Applying In Store Or On-line?

I  need to get some new flooring and was interested in getting the special financing offered by Lowe's for projects.  The interest rate is reasonable which makes it afffffordable. My credit score is around 700 with one very old bankruptcy still showing. The bankruptcy will fall off in February 2017. Are my chances better applying in the store or through the website.  I am looking to be approved for about a $2500 credit line.  I have 3 other credit cards 2 Capital One 1 Merrick Bank all with a zero balance.

 

 

 

 

 

Regular Contributor
Posts: 149
Registered: ‎10-09-2015
0 Kudos

Lowe's Again

If I apply on-line and only get a $500-$1000 credit line how do I get them to increase it?

 

 

 

 

 

Community Leader
Super Contributor
Posts: 14,744
Registered: ‎11-11-2014
0 Kudos

Re: Lowe's Again

Cograts on your new home per the mortgage thread.  If you get approved, you can go online and hope on chat to request an increase but there are no guarantees the limit will be raised.

Community Leader
Super Contributor
Posts: 14,744
Registered: ‎11-11-2014
0 Kudos

Re: Lowes Project Credit LIne Which Is Better Applying In Store Or On-line?

It does not matter where you apply thus, whethe in the store or online.  It depends on what you are omfortable with. Neither location[store or online]  has any influence on the outcome of the appliation. It all comes down to your credit profile.

Regular Contributor
Posts: 149
Registered: ‎10-09-2015
0 Kudos

Re: Lowe's Again

Thanks for your help. Today was really the first day we had a chance to spend any time at the new house. We have been trying to clean most of the day and get the flooring measured to see what I need to do. I need a cheap way to replace the kitchen and bathroom floors they are really old and are showing their age.

 

 

 

 

Senior Contributor
Posts: 7,051
Registered: ‎04-11-2016

Re: Lowe's Again

Immediately after you apply and get approved, call Credit Solutions and request a CLI.  If you get approved for $1500 they'll probably raise your limit to $10k or so which will be plenty for what you are looking to accomplish.  A 5-10X CLI isn't uncommon for new Lowe's accounts if you call them and ask for an increase.

Regular Contributor
Posts: 149
Registered: ‎10-09-2015
0 Kudos

Re: Lowe's Again

What is Credit Solutions? I have seen other mention it but have no clue what it is.

 

Regular Contributor
Posts: 149
Registered: ‎10-09-2015

Re: Lowe's Again

Never mind figured it out and got CLI from $800 to $2000 by calling them.  Thanks!

Moderator
Posts: 8,804
Registered: ‎06-20-2015

Re: Lowe's Again


srobin wrote:

Never mind figured it out and got CLI from $800 to $2000 by calling them.  Thanks!


Congrats on the CLI! 

 

FYI... that's just the tip of the iceberg.  Smiley Wink  Once your TU scores are 730+ you'll be able to get your Lowe's much, much higher.  My own Lowe's has very humble beginnings, and my credit line is now $20k (which is all I asked for... I might could have got more). 

 

When your BK falls off in February give CS a call back... I think you'll be very happy with the outcome.  Smiley Happy

Senior Contributor
Posts: 7,051
Registered: ‎04-11-2016
0 Kudos

Re: Lowe's Again

I agree with the above post.  My score was about 730 at the time I applied for Lowe's and I was approved for $3k and 5 minutes later called and got it raised to $30k.  I'm confident I could have asked for $35k which many have reported getting on here with a score around what mine was at the time.  A 730+ score gets you whatever you want with Lowe's.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.