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Established Contributor
Breakthecycle2
Posts: 786
Registered: ‎09-15-2008
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Re: Orchard and processing time?

Well, I was approved. They just needed to verify my identity.

 

What card should I go for next? Cap 1? Hooters? BOA and hope to get the 99/500 offer?


Starting Score: 454
Current Score: 690
Goal Score: 750


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llecs
Posts: 32,869
Registered: ‎08-04-2007
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Re: Orchard and processing time?


Breakthecycle2 wrote:

Well, I was approved. They just needed to verify my identity.

 

What card should I go for next? Cap 1? Hooters? BOA and hope to get the 99/500 offer?


Congrats!

 

I would wait. I would let that CC report. Once it reports, I would repull each FICO report to check scores and app based on the strongest score.

Established Contributor
Breakthecycle2
Posts: 786
Registered: ‎09-15-2008
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Re: Orchard and processing time?

I know it's a new start now. I know this card is pretty easy to get, but months or even weeks ago, I didn't think this would be possible.

 

So you think I should wait?


Starting Score: 454
Current Score: 690
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Established Contributor
PurpleHaze
Posts: 717
Registered: ‎03-05-2008
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Re: Orchard and processing time?


Breakthecycle2 wrote:

Well, I was approved. They just needed to verify my identity.

 

What card should I go for next? Cap 1? Hooters? BOA and hope to get the 99/500 offer?


 

Hate to say I told you so .... but I told ya so :smileyhappy:   Congrads on your new card.  Don't take it so lightly by saying it is easy to get because not everyone has been approved. I think you should wait, manage this card for awhile and build some history. Again congrads and use your new credit wisely.

Starting Score: EQ: 633 (12/31/09) TU: 651 (12/31/09)
Current Score: EQ:633 TU: 651
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Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007

Re: Orchard and processing time?

I don't know your history, but if you have 0 or 1 open revolving CCs reporting now, expect an increase of 10 points or more once the CC reports. If this helps with utilization, then expect an increase too.

 

Now if you have 3 or more reporting as open, then expect a decrease, with a gradual rebound in a few months.

 

If a new card reporting helps your FICO by an extra 10 points, then your odds go up some when apping for that next card.

 

My biggest regret in the beginning was apping for everything. Received several cards but was stuck with low limit cards that never went anywhere. If I had a do-over, I'd app for one, let it report, then a second and repeat and so on. I would have more prime CCs at higher limits.

 

 

Established Contributor
Breakthecycle2
Posts: 786
Registered: ‎09-15-2008
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Re: Orchard and processing time?

Studen Loans do not report as revolving right?

 

IF AU counts, this would be three or four, including a crown jewelers. Otherwise this is my first credit card in MY name since the rebuild.


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New Member
creditmatters1234
Posts: 2
Registered: ‎09-25-2008
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Re: Orchard and processing time?

Can I ask what credit limit they gave you?  I received the same message from them so I am just waiting on their response.  Did you call them or wait until they called you?
Established Contributor
Breakthecycle2
Posts: 786
Registered: ‎09-15-2008
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Re: Orchard and processing time?

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.

Starting Score: 454
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Moderator Emeritus
cheddar
Posts: 6,794
Registered: ‎09-29-2007
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Re: Orchard and processing time?


Breakthecycle2 wrote:

Studen Loans do not report as revolving right?

 

IF AU counts, this would be three or four, including a crown jewelers. Otherwise this is my first credit card in MY name since the rebuild.


 

No, student loans are not revolving.  They're installment loans.

 

Congrats on your approval and for getting on the road to rebuilding!

 

----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )
Established Contributor
Breakthecycle2
Posts: 786
Registered: ‎09-15-2008
0

Re: Orchard and processing time?

I still want to tr yto get another card now, but I don't know if I should.

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Current Score: 690
Goal Score: 750


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