My credit has improved but I still have old stuff hanging out, plus I have 5 credit cards open (total credit limit of around $11k, completely paid off/no carried balance for 4 months). My FICO score is 687 but I think that should go up in the next day or so due to another month of no credit util.
Income is near $100k... debt-income ratio around 20%-25%. I would close down one of my small $500/limit cc's but I'm afraid because those are my oldest ones it would reduce the average age of my credit history, which is already only 9 years.
I have a medical collection for $64 which I'm disputing, a tax lien from 2005 that's paid but still on there, and 1 each 30-day-late car and CC pmt from 2002.
Do I have a chance at an approval? I don't want to ding my credit unnecessarily but they're offering me 40k miles plus I need to buy 2 tickets to Cali this week, and could then get double miles on that purchase... and free bags of course. 
Tax lien if paid is probably irrelevant that old. Though if it was a federal one I'd go get that cleaned up as is now possible.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)Current Score: EQ 648, Wally TU 673, EX 687 (06/15/13)
Goal Score: 680 in all three (01/01/14)
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sekada wrote:My credit has improved but I still have old stuff hanging out, plus I have 5 credit cards open (total credit limit of around $11k, completely paid off/no carried balance for 4 months). My FICO score is 687 but I think that should go up in the next day or so due to another month of no credit util.
Income is near $100k... debt-income ratio around 20%-25%. I would close down one of my small $500/limit cc's but I'm afraid because those are my oldest ones it would reduce the average age of my credit history, which is already only 9 years.
I have a medical collection for $64 which I'm disputing, a tax lien from 2005 that's paid but still on there, and 1 each 30-day-late car and CC pmt from 2002.
Do I have a chance at an approval? I don't want to ding my credit unnecessarily but they're offering me 40k miles plus I need to buy 2 tickets to Cali this week, and could then get double miles on that purchase... and free bags of course.
IMO yes, go for it!!!!
sekada wrote:Right, my youngest CC is 7 or 8 years old. The lien was federal and has been released... still shows on report though.
Federal tax liens can stay on your credit reports for up to 10 years, even if they have been paid. Since you have paid yours and it has been released, what you need to do is to do a search for form 688 (Y), which is an IRS form to request that the liens be withdrawn since they were paid. You will also have to do a search for the Advisory Group address to send it to since they have several offices (I live in SC and had to send mine to NC). If you include the addresses of the credit reporting agencies (or anyone you want to have notified that the lien has been withdrawn), they will send the paperwork to those addresses, as well as a copy to you. This is stated on the form. If you don't include any addresses, you can make copies of the withdraw notice they send you and mail them yourself. The IRS requires 45 days for processing and mine took took about that long. My federal tax lien (fled in 2009 and paid in 2011) was removed from all three CRAs about 2 weeks later. This is something that the IRS does by request only. If it is not requested, the liens will stay on your credit reports.
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