11-05-2008 06:21 PM
congrats and treat it well!
one of the things i don't regret doing when i had a short history is not apping for a series of low limit cards (cap1 400 only) just to have them come back to haunt me the following year when big boy primes and cu's became in reach-- anyone here will tell you they're worth the wait comparatively speaking...and those oh so helpful low limit cc's look A LOT less attractive sometimes w/i just months of continued building progress.
only do it if you are happy w/ low limits for the present and forseeable future. if you want to end up with cards with some of the most attractive terms and benefits perhaps let this report and build for at least another 6 months and you can then revisit your apping plan. better terms for your loans are worth a short wait now more than ever. the other thing is more than a couple of these rebuilders showing up on your cbr can start to look pretty dodgy under manual review.
11-05-2008 06:32 PM
11-05-2008 08:23 PM
They said it was a $300 line. I applied on 10/29, saw the processing fee posted on 11/1 (saturday) so I called on 11/3.
Hubby's FICOs when we started: high 400s (June 2008)
Hubby's FICO NOW (04/06/09): TU: 679 EQ: 608 EX: ???
My FICOs: TU: 643, EQ: 606
Closed on new home: 1/20/2009 -- If we can do it, YOU can do it!!
11-07-2008 07:41 AM
Apparently Hooters currently has a freeze on all CLI's. who knows for how long or what other issuers may join in this practice. just thought i'd mention it, in case you hadn't heard about it yet-
In any case, good luck with the cli at activation!!