I think I've answered most of these, but I'll do my best.....I've focused on TU since Barclays seems to specifically pull TU
1. What cards if any do you currently have? 2 secured cards via CUs 1 Barclays Finance
- Do you have any student loans, mortgages, auto loans, other loans, showing on your credit reports? 2 Auto loans paid off in 2009
2. How long have you had each card? 6/2011, 2/2012,10/2012
3. What is the credit line for each card? $4k, $2k, $3.5k
4. What is your Average Age of Accounts? 1.92 Years
5. What is you credit score for each credit reporting agency? 676 Exp (True/Fako) 676 TU Fico
6. What is your current overall credit utilization? $21 (less than 1%)
7. Do you have any derogatory items on your credit report? (for example, late payments, bankruptcies, charge offs, etc) - Yes
-If late how late?
-When did this derogatory activity occur?
- if you burned a lender before which ones?
Car Payment
| 30 days late - 4 times (Oct 2009, Aug 2009, Jul 2009, Jun 2008) |
HSBC CC
| 30 days late - 1 time (Nov 2007) |
| 60 days late - 1 time (Dec 2007) |
| 90+ days late - 2 times (Feb 2008, Jan 2008) |
(Eventually closed and written off)
Under Collections on TU
Xerox/City of Dallas Parking Jun 24, 2012
Enhanced Recovery/Sprint Sep 26, 2008
8. How many inquiries (if any) do you have on each credit report? (were the inqs for something other than credit cards [eg auto loan apps]) 2 on Eq from CU (CC appliction) 0 on TU
9. What is your current income? (Income goes towards your credit limits and is one factor of many, lots of people have significant credit lines average annual income)
- Some cards have initial spend requirements to get the bonuses. You should consider whether or not you will be able to meet the required amount of spend.
$120,000
10. Do you have any relationships with banks/credit unions (ie, bank accounts, having a chase personal banker, etc)? - no
11. What type of purchases will you be making with your credit card (eg, restaurants, gas, office supplies, phone bills, groceries, travel, etc)? Restaurants, groceries, travel, cell phone bills
12. Will you be able to pay in full (PIF) your card every month or will you want/need to carry a balance and pay over time? - PIF
- If you can't PIF each month you will want to avoid most travel rewards cards due to the high APR and focus on low APR cards or cards with a 0% APR intro period
13. What do you hope to accomplish with your credit cards? (travel rewards, cash back, being able to transfer balances, the ability to make large purchases and pay over time) - Rewards/Travel points
14. If you are interested in a card that has an annual fee (many rewards card do) how much money on average will you put through the card over the course of a year?
- Its important for you to determine if you are going to spend enough on the card to justify the annual fee. If not, there are likely other cards without annual fees that would be a better fit and will save you money. $30-$40k
15. If you are interested in travel cards what airlines do you prefer? What hotels do you use? Do you have status with any airlines or hotel? Status with a particular rental car agency? - AA/Marriott but not married to either. No status on either.
16. If you are interested in travel cards, how frequent is your travel? Every 2-3 months.
17. Do you shop at costco? - rarely
;