06-18-2008 11:05 AM
06-18-2008 11:09 AM
06-18-2008 11:12 AM
06-18-2008 11:14 AM
06-18-2008 11:36 AM
I'm happy and sad!
PenFed said my debt to income ratio is too high.
USAA gave me an 8000 CL
Since I have 60 days until PenFed would do another pull for a Recon, if I pay off my GEMB Bal to zero (owe 2264 of a 15000 cl) and pay off my Citi installment loan (owe 1537 of a 5000 loan), do you think my recon to PenFed would go through????
I'm so new to this, please advise. As well, i'm really happy that USAA gave me a card!!! Instantly!!!! I have been a member for about 4 years!
06-18-2008 11:46 AM
06-18-2008 01:23 PM - edited 06-18-2008 01:25 PM
Hopefully the new account with USAA won't hurt you. While I was denied for a CLI last year due to being Egyptian they did accept a faxed copy of my Equifax Credit Watch Gold report with all the updated balances. Might work for you it can't hurt to ask. They probably will want another pull though. How much did you ask for? New car new house new USAA credit card. Might be tough sledding but good luck.
deskjockey101 wrote: Thanks for the reply! As of now, I bought a home in Nov 07 (owe 89500) I have a 16500 balance on a vehicle loan (24000 starting out) 1550 balance of a 5000 installment loan with Citi 2264 owed on a GEMB card I make about 42850 a year (reportable income) and am single. I just don't see how they came back with a debt to income ratio was all jacked up... i'm hoping by PIF'ing the 2264 of GEMB and the 1550 with Citi i can ask for a recon... :/
06-18-2008 02:48 PM
06-18-2008 03:16 PM
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.
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.