Credit Cards Center Credit cards from our partners
Reply
Established Contributor
Posts: 1,837
Registered: ‎08-20-2012
0

Need Help With CC's

Based on a TU 666 score. ULI 35% and 3 current cap 1 with limits of 500,750,750 and 34 inqs ( 20 of them fall off 11/2012) and only 2 ings total in the last 12 months based on myfico. Oh and also I have 7 Collections accts which 4 of the 7 fall off in Nov of 2012. Also income is 50k

 

 

1.) What other cards can I apply for and get paid for so I can get rid of cap 1

2.) What are my chances of approval?

3.) What should I do in general to help the my situation as a whole?

Regular Contributor
Posts: 369
Registered: ‎02-01-2010
0

Re: Need Help With CC's

You mentioned that 4 of the collections would fall off in November....what about the others? I think taking care of those should be a bigger priority than applying for new credit. Even when 20 of your inqs fall off in November, you'll still have 14 left. That's quite a bit in addition to the collections. Take your time and work with the cards you have. Keep your util low and let them age. Time & patience will do the rest.

Meg.

FICO: 03/2015 - TU 768 | EQ 783 | EX 775

FNBO 15,100 | Barclays / Sallie Mae World MC 13,000 | Lowes 10,000 | LOC 9,300 | Amex BCP 7,200 | BOA Platinum+ 6,000 | Amex SPG 5,700 | Achieva CU 5,500 | Discover IT 5,500 | Citi Simplicity 5,200 | Chase CSP 5,000 | Sam's Club 3,000 | Sears 900
Valued Contributor
Posts: 2,286
Registered: ‎09-16-2011
0

Re: Need Help With CC's

[ Edited ]

how old are the cap1 cards, once those 20 INQ's fall off, pay down your capone cards off with perhaps one reporting less than 9% and the rest at zero, App for an AMEX Zync card should be good if the capone cards are 6months or older. If you can get closer to 700 with the INQ's dropping off and possible improved UTL, you can try  Chase Freedom and Discover More/IT 

 

 

Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 12k Sally Mae5k Sams Club MC 10k, Paypal Extras MC 6k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5k, Walmart 10k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 10k and a nice stack of store cards.
Last APP/HP 4/22/2015
Moderator Emeritus
Posts: 12,937
Registered: ‎12-30-2011
0

Re: Need Help With CC's


SpiceIslander wrote:

You mentioned that 4 of the collections would fall off in November....what about the others? I think taking care of those should be a bigger priority than applying for new credit. Even when 20 of your inqs fall off in November, you'll still have 14 left. That's quite a bit in addition to the collections. Take your time and work with the cards you have. Keep your util low and let them age. Time & patience will do the rest.


+1.  Wait until December, re-pull your scores, and then see.  There's a non-zero chance you may be in a higher bracket, right now you're sitting in the unpleasant middle ground between subprime and prime.  

 

It also gives you another 3ish months to bring down your utilization some too if you so choose, and that'll be another boost most likely.

 

Either way, there's no rush to go out and get new cards now when you're establishing credit still; I'm in the same situation and the best thing we have working for us is time, and waiting a bit for a more opportune time is absolutely the optimal path for garnering higher quality approvals in my opinion.

 

 

Starting Score: EQ 04 561, TU 98 567, EX 98 599 (12/30/11)
Current Score: EQ 04 700, TU 04 731, EX 98 725 (05/24/15)
Goal Score: 700 on EQ 04 (01/01/16)


Take the myFICO Fitness Challenge
Established Contributor
Posts: 1,837
Registered: ‎08-20-2012
0

Re: Need Help With CC's

Im just tired of cap 1. No baddies at all with them period not even once yet I cant get a CLI but they say they are reviewing there CLI policy. I want to get better cards. As far as the other 3 CA they fall off 10/2013 so I been afraid to mess with them and reengage the SOL. There as to be atleast one better cc out there I can get so I can get rif of cap 1

Established Contributor
Posts: 1,837
Registered: ‎08-20-2012
0

Re: Need Help With CC's

The cap 1 cards are 2 yrs old

Established Contributor
Posts: 1,837
Registered: ‎08-20-2012
0

Re: Need Help With CC's

Time is true that we have. Also in Feb of 13 6 more of my inqs will fall off. Guess Im just desperate to get rid off cap 1

Regular Contributor
Posts: 369
Registered: ‎02-01-2010
0

Re: Need Help With CC's


icu2_stl wrote:

Im just tired of cap 1. No baddies at all with them period not even once yet I cant get a CLI but they say they are reviewing there CLI policy. I want to get better cards. As far as the other 3 CA they fall off 10/2013 so I been afraid to mess with them and reengage the SOL. There as to be atleast one better cc out there I can get so I can get rif of cap 1


You'll get there! November is not that far away and you shoud get a score increase then.

Meg.

FICO: 03/2015 - TU 768 | EQ 783 | EX 775

FNBO 15,100 | Barclays / Sallie Mae World MC 13,000 | Lowes 10,000 | LOC 9,300 | Amex BCP 7,200 | BOA Platinum+ 6,000 | Amex SPG 5,700 | Achieva CU 5,500 | Discover IT 5,500 | Citi Simplicity 5,200 | Chase CSP 5,000 | Sam's Club 3,000 | Sears 900
Valued Contributor
Posts: 1,738
Registered: ‎08-13-2012
0

Re: Need Help With CC's

[ Edited ]

man your  inquiry more than my whole family bro.......


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Established Contributor
Posts: 1,837
Registered: ‎08-20-2012
0

Re: Need Help With CC's

Thanks

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 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.

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.