05-29-2011 05:20 AM
Did you get approved? and what was the credit limit?
OP said yes, details are on the first page of this thread.
05-31-2011 02:47 PM
Yippee! I was approved. The credit line is 3500. which I was hoping it would be 7500. BUT I am planning on using the BT feature so I can get rid of some of the higher interest credit cards. This means I will BT 2 cards at a time and pay off each BT asap. Then move onto 2 more and do the same.
06-03-2011 09:52 AM
Per a underwriter today, 690 TU score and you are approved....I came in at a 689 and she wouldn't do anything with the 1 point. My EQ is 728, should I callback? Its 1 point.
06-03-2011 08:36 PM
Wow, that's so frustrating! It's odd that they have criteria like that and that they were willing to share it with you. I've spoken with several underwriters at different banks and CUs before deciding whether or not to apply with them, and no one has ever shared their criteria so explicitly. It seems like they would look at more than just your score; though the 690 FICO may be their minimum requirements.
If any of your CCs are reporting balances and you pay them down/off, your score should go up after it posts to your CR. So, that's one option. If it were me, I would probably go ahead and call them on Monday and see if you may get further with someone else. It does seem silly that 1 point should keep you from being approved; it probably depends on how flexible they are and on how much leeway their underwriters have.
Good luck! I hope you get approved on recon.
06-04-2011 07:33 AM
I wish my score would go up in the next few days BUT I just took out a new auto loan for $21500 at the beginning of May, so I'm sure it will go down. I'm planning to pay about $18000 of it off this month. I had my money tied up when I bought it.
I may try to call on Monday just to see. She just said, you missed it by 1 point. I was wondering if I freeze TU and do a new app with EQ, that score is 728, if that would work?
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.