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New Contributor
Posts: 67
Registered: ‎05-26-2013
0

Should apply now or wait till next week?

680 Eq fico score from myfico. I'm overall 11% util, but I have one card at 95% I paid a day too late last month. It should report as zero around the 15th of this month. But I recently refinanced my house, and I have a feeling that is going to show up on my credit report on Monday. I have no idea what that new account will do to my score. Should I roll the dice and hope the one credit card reports the zero balance before the mortgage reports? or should I apply now? The overall util is 11%. All my other accounts are 0.

NFCU Flagship Visa 25k - Pentagon FCU Platinum Visa Signature 20k - USAA World MasterCard 10k - USAA American Express 10k - BoA 3, 2, 1 Card 10k - Southwest RR 8.5k - CSP 5k - Chase Freedom 2k - Discover It 2k - Barclay's Arrival 2.5k - NFCU Cash Rewards 2k - Military Star 5.8k - American Express BCP 2k - American Express PRG NPSL
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
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Re: Should apply now or wait till next week?


romey050500 wrote:

680 Eq fico score from myfico. I'm overall 11% util, but I have one card at 95% I paid a day too late last month. It should report as zero around the 15th of this month. But I recently refinanced my house, and I have a feeling that is going to show up on my credit report on Monday. I have no idea what that new account will do to my score. Should I roll the dice and hope the one credit card reports the zero balance before the mortgage reports? or should I apply now? The overall util is 11%. All my other accounts are 0.


I would wait, 95% util. on one card is too high for an app.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Valued Contributor
Posts: 2,285
Registered: ‎09-16-2011
0

Re: Should apply now or wait till next week?

Wait, having one card maxed out is almost guaranteed to be an instant denial.

Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 12k Sally Mae5k Sams Club MC 10k, Paypal Extras MC 6k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5k, Walmart 10k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 10k and a nice stack of store cards.
Last APP/HP 4/22/2015
New Contributor
Posts: 67
Registered: ‎05-26-2013
0

Re: Should apply now or wait till next week?

I didn't want to risk a new balance being reported, and I applied over the weekend. I had great sucess on my app spree. I started another thread about it.

NFCU Flagship Visa 25k - Pentagon FCU Platinum Visa Signature 20k - USAA World MasterCard 10k - USAA American Express 10k - BoA 3, 2, 1 Card 10k - Southwest RR 8.5k - CSP 5k - Chase Freedom 2k - Discover It 2k - Barclay's Arrival 2.5k - NFCU Cash Rewards 2k - Military Star 5.8k - American Express BCP 2k - American Express PRG NPSL
Regular Contributor
Posts: 188
Registered: ‎07-23-2008
0

Re: Should apply now or wait till next week?

That's great..  My bank CC is always maxed out and I got approved for AMEX and Chase Freedom. 

FICO scores:EQ- 723 (6/13), TU- 722 (6/13), EX- ?
My Wallet- AMEX BCE-17.5K, Chase Freedom-6k, Cap1- 5K, BMO Harris-5K, Wells Fargo-2K,
Store Cards-Lowes- 8K, Ashley Furniture-6K, American Furniture-2.5K,


Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: Should apply now or wait till next week?

Can the lender do a mid cycle report? I know us cutting it close but its worth a try
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