10-02-2013 07:24 PM
Yes I know. It's just I went from a 502 to 711 in less than a month so I just REALLLLLY want to be approved for something.
Glad I talked it out though...I don't mind waiting a little longer.
10-02-2013 07:39 PM
10-02-2013 07:44 PM - edited 10-02-2013 07:45 PM
10-02-2013 08:07 PM - edited 10-02-2013 08:07 PM
Ok.. You've got some good answers, but I just want to throw my opinion.
Sept. 01 2012 I had $0 in revolving credit.
I applied for a an AMEX in Aug. of 2012, still have the denial letter in my desk.
So I thought this isn't working, I'm not applying for anything. Some members on here convinced me to get a GE backed Walmart card. I app'd. Got a card for $650 (I think that was the initial amount). I was ecstatic for it. My first revolv in years!
That opened the door to a whole new situtation. Fast forward to today.
Barclays NFL card
Chase Freedom Siggy
Bank of Omaha AMEX
Lowest CL on those cards is the Barclays @ $4800
Oh, and that little Walmart card? It's at $6500
10-02-2013 08:08 PM
10-02-2013 08:17 PM
10-02-2013 08:20 PM
10-02-2013 08:25 PM
I think you are hung up on what FICO uses for the purposes of a credit score. AAOA is approx 10% of your score. Lenders, however do not predicate their approvals on FICO alone. I personally have experience with declines due to lack of open rev credit history. Although, paid mortgages, car loans, and closed cc's etc were still reporting- lack of rev credit history is what brought me to myFICO last year.
Again, each lender has their own set of guidelines for approval. Why not better your chance with a little longer history?
And the holidays will be coming around pretty soon. I've found some to be more generous during that part of the year. That's just my opinion.
10-02-2013 08:33 PM