01-04-2013 10:35 PM
I am adding more questions this time because I did not get the answers I was looking for before and I need for info. Hi I will be turning 19 in a couple of months and since I turned 18 I have been trying to build my credit. Background: I am a full time student and I work part-time making about $38,500 a year. I was approved for a car loan for about $18,750 about 4 months ago. Also, I was able to get the Journey CC from Capiltal one with a $300 cl about 5 months ago and just recently I was approved for the NFCU CashRewards with a $500 cl this month. Both of these credit cards are on my own name. I stay under a 30% utilization and also to never carry a balance. I recently signed up'd with credit karma and credit sesame which have been of great help. I have a 672 under CK. Now I have the following questions:
1. I was thinking about maybe applying for the Amex PRG or the Plat (I know it's a long shot haha) But I could really use the benefits that come with it. Do you think I have a chance at these cards if I apply next fall when I will have an AAoA of a little over a year? and finally can I use mine and my parents income in the apps if I am in their accounts as a joint user?
2. I was trying to get my scores from ex and eq, but they will not let me get them because my history is less than 6 months. Does that mean that I don't have any inquiries recorded with them? Also, the first credit card I ever applied for was the chase freedom, but I can't seem to find this inquiry anywhere. Is that weird?
3. I only got a 500 cl with NFCU when should I ask for a cli and how much should I ask for?
4. When I was approved for the car loan they gave me a 5.59 APR is that good or should a refinance in the future?
What do you guys think? All advices will be very much appreciated!!! Thank you so much!!!
Wolf3 as another person stated Credit is a slow an
I would not apply for a Amex card until they send
As far as your credit score is concerned yeah it t
With your NFCU card use it pay it off and continue
As far as your apr for your car 5.59 isn't bad for
We have applied for a new line credit for her in t
Oh and about your chase application it is possible that it is on one of the other credit scoring sites. Ex, EQ, or TU. Many of mine only hit on one credit report. It just depends on who they report to for inquiries.
I have $35K line of credit with credit cards now a
Good Luck and remember your credit is a life long
01-04-2013 10:36 PM - edited 01-04-2013 10:42 PM
Hi there! You must have a great work ethic congrats! If I were you I would request an increase on your NFCU card after 4 months of responsible use. Ask for something reasonable such as 1k and it will likely be a soft pull. Do not apply for any amex card until you have at least 1 year of good payment history on file. You car loan is reasonable. After one year call nfcu and tell them you want to refi at 1.79%-2.5%... I bet they will do it. Come and join me and my garden friends I think you are smart enough to listen when folks tell you to garden int you have one year of history. The freedom inquiry likely got lost in cyberspace or went to experian because you did not have a real credit.file to pull at that time. To have a file you have to have more than one data point.
01-08-2013 11:42 PM
Thank you all veryyyy much!!!!!
I still have not gotten a concrete answer to my first question. I did added that I will only apply for these after I hit a lil over 1 year credit history. Btw Thank you very much for the info. on the car refinance and the cli )))
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