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05-22-2009 06:37 AM
I joined the PTA so am part of a member aproved organization.
Equifax score was 802 on May 4th.
only 4 accounts showing, 3 are closed, open account is Macs which was opened last august
Oldest account is 11 years 8 months. Average age of accounts is 7 years.
2 inquiries show from
October 09, 2008 First Usa
June 20, 2008 Cap One
I want to make sure I have a high chance of being accepted if I am going to waste a hard inquiry.
05-22-2009 06:50 AM
As long as you dont have any cheqsystems stuff (name might be wrong) . I dont see any reason for you not to be accepted. Are you just trying to join them or are you looking for a credit card or other loans?
But regardless I think you are a shoe in and should (as long as the webpage works and they are able to identify you ) get pre approved offers . My credit isnt quite as good as yours . I had a good amount of new accounts and inquiries and they approved me for a savings and pre approved for a 5k visa and a 15k car loan .
I say go for it . If you dont get any pre approvals . Get the sig card in asap and call them about the other products. They seem to be very willing to give credit and are easy to work with.
05-22-2009 06:56 AM
Yeah I was mostly looking to join so I could get a Credit Card with them.
I was trying to decide between applying to them so I could get a card, or trying to get the Charles Schwab Visa.
But it looks like Alliant has been issuing higher limits, plus the Schwab card Ive heard doesnt report your credit limit, which I think might mess with my utilization.
The main reason I want a credit card at this particular point is I am going to Europe for a week this summer and would like to have one. The alliant cards charge 1% international transaction fees, and the Schwab doesnt charge any. But 1% isnt bad. Thats only $10 on $1000 spent.
05-22-2009 07:24 AM
When I apped to Alliant it was immediately after (5 min.), I joined the Nat. PTA. Don't know if they verify the PTA membership but I DO know the hassels you might have with ChexSystems. While I have nothing derrogetory with them, my addy came back as a motel so I got no instant approvals and had to prove my residence before my application for a savings acct. was approved.
But don't hesitate to app immedietely after joining NPTA.
05-22-2009 07:26 AM
05-22-2009 07:43 AM
05-22-2009 09:47 AM
05-22-2009 09:53 AM
Well I dont want to App to both for 2 reason. #1 is I do not want to have the 2 hard inquiries and 2 new accounts open. Secondly 2 new accounts will I think adversly affect my average age of accounts too much. With only 4 accounts on my report, 1 new account would bring my average age from 7 down to 5.6. 2 new accounts would bring it down to 4.6 years.
Now 5.6 years isnt too bad since it wouldnt take long to get back tothe 6 year mark, but having an average age of 4.6 years will negatively affect my credit too long, especially since I would like to purchase a home before that $8,000 tax credit disappears towards the end of this year.