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
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO