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Next move?

Valued Member

Re: Next move?

No, my scores are a bit higher. Haven't updated them recently.
Starting Scores: EQ 542/TU 500/EX 513
Current Scores: EQ 611/TU 611/EX 628
Goal Score: All 700+

Cap One Secured ($750/$701 'unsecured'), Cap One QS1($1000), Victoria's Secret ($250), Brylane Home ($500), Amazon Store Card ($600)
Message 11 of 16
Valued Contributor

Re: Next move?


RebuildingAgain14 wrote:
My lease includes all scheduled maintanence for the first 36 months, plus the dealer offers free tires and car washes for life. Made sense for me at this point in time...

Now, not to be rude, but... anybody have any thoughts on my credit card question?! :-)

Wait are you trying to tell me this is a credit card forum??? Smiley Tongue sorry about getting off topic

 

Who do you bank with? Sometimes they are the best place to get a card from when you have a short history

 

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


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Message 12 of 16
Established Contributor

Re: Next move?


distantarray wrote:

EQ 545 EX 513 TU 500

 


Those are your current scores? I really dont know what to say hmmm... which those scores it's going to be hard to get unsecured cards to be honest. I'm surprised you were able to get a car financed through Chase with those scores tbh. I think secured cards are still the way to go.


+1   I am surpised as well about Chase auto loan.  As far as credit cards I agree you still need stick it out with secured cards.  Also what is your current utilization? I know you said you have $300 limit so if your not pif every month and are reporting a balance ultilization may be hurting you.  Also Bofa secured card is  good choice to look into if you have the cash , and stick with it for a year. 

 

edit: Also just notice you mention those are not your currnet scores. If you are in low-mid 600, you may want to start looking at GE cards. 



TU 715 No apps to 05/13 cash+ 5/13!!! 738 TU CSP April 13!!!CSP approved May 13!!!


Message 13 of 16
Valued Contributor

Re: Next move?


toppers555 wrote:

distantarray wrote:

EQ 545 EX 513 TU 500

 


Those are your current scores? I really dont know what to say hmmm... which those scores it's going to be hard to get unsecured cards to be honest. I'm surprised you were able to get a car financed through Chase with those scores tbh. I think secured cards are still the way to go.


+1   I am surpised as well about Chase auto loan.  As far as credit cards I agree you still need stick it out with secured cards.  Also what is your current utilization? I know you said you have $300 limit so if your not pif every month and are reporting a balance ultilization may be hurting you.  Also Bofa secured card is  good choice to look into if you have the cash , and stick with it for a year. 

 

edit: Also just notice you mention those are not your currnet scores. If you are in low-mid 600, you may want to start looking at GE cards. 


Those scores are downright horrible, even if that are a bit higher than what is currently listed. Secured cards will be your only likely option until you get ~620, and even then your options will be mediocre at best. You'll need to take this one step at a time.

 

EX 798, EQ 789, TU 784
American Express Platinum (NPSL) || Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
Barclays American Airlines Aviator Red World Elite Mastercard - $20,000 CL || Chase IHG Rewards World Mastercard - $25,000 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL || Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank Hilton Reserve Visa Signature - $20,000 CL || J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL
Message 14 of 16
Regular Contributor

Re: Next move?

Sounds like you know the car business well! Be happy, and much success to you. Sorry to get you off topic.  I personally had not the most pleasant leasing experiences, and it made me never want to lease again.



Current 2013 Score: ScoreWatch Transunion: 737, ScoreWatch Equifax: 723, Nordstrom Equifax: 734
Goal Score for January 2014: 750-809 range



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Message 15 of 16
Highlighted
Established Contributor

Re: Next move?

You need to take into account all the tax returns incentive the government and estate give you for buying an electric car.

 

Depending where you live and after the deductions, the net price of the Leaf is around $30,000.

 

If you are bringing in around $7,000 for the lease, that would bring down buying cost to $23,000 after the leasing is done.

 

Considering the car demands from $30-40 a month to keep it going and that you will receive a free home charger kit from your estate, it would make a pretty good deal to go for the leasing first and buying right after option depending on how the car fits you.

 

This way you are not tied down to the car and have no maintenance costs as you mentioned.

 

---

 

Now going back to the CCs, with those scores it will be very difficult for someone to approve you. 

Fico Scores: . Walmart TU 748 . Garden 8/19 2014 .

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Message 16 of 16