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Valued Contributor
Posts: 1,738
Registered: ‎08-13-2012
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Re: Zynced



unless your EX file is a lot lower than your other 2, you should be good with Zync, if your income is low like below 30k you may have a higher chance of getting a hardlimit card, but you should still be able to get the card have your routing and bank account number handy for the worst case senario. 

 

All Zync takes in most cases is a 640+ FICO and 6+ month credit history and no recent lates or charge offs. 

 

 


all my file da same....like i list below i had 2 charge off likely almost 5 years....i make aroun 40k .......i know they had 2 type which is automatic get deduct from your bank ? what about the other one ? because i plan to get a morgate soon at the end of the year or maybe sometime around April so i mean everytihng i do right now....i had to be very be careful......

 


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Valued Contributor
Posts: 2,281
Registered: ‎09-16-2011
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Re: Zynced


nicholasyud wrote:


unless your EX file is a lot lower than your other 2, you should be good with Zync, if your income is low like below 30k you may have a higher chance of getting a hardlimit card, but you should still be able to get the card have your routing and bank account number handy for the worst case senario. 

 

All Zync takes in most cases is a 640+ FICO and 6+ month credit history and no recent lates or charge offs. 

 

 


all my file da same....like i list below i had 2 charge off likely almost 5 years....i make aroun 40k .......i know they had 2 type which is automatic get deduct from your bank ? what about the other one ? because i plan to get a morgate soon at the end of the year or maybe sometime around April so i mean everytihng i do right now....i had to be very be careful......

 


if you don't get NPSL  they may offer you $250 Hard limit or $500 with auto-pay have to link your banking account to the card when the offer is made.  

Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 12k Sally Mae5k Sams Club MC 10k, Paypal Extras MC 6k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5k, Walmart 10k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 10k and a nice stack of store cards.
Last APP/HP 4/22/2015
Moderator Emeritus
Posts: 12,488
Registered: ‎12-30-2011
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Re: Zynced

Mortage at end of this year = sit tight.

 

Backdating won't help you in that timeframe and a mortgage is the absolute most expensive financial decision anyone ever makes (other than maybe sending one's kids to Havard or similar two decades from now).

 

Close the mortgage, then app for whatever you want... and in your case, that might be straight into the revolver you actually want next year Nicholas.

 

Starting Score: EQ 04 561, TU 98 567, EX 98 599 (12/30/11)
Current Score: EQ 04 700, TU 04 731, EX 98 725 (05/24/15)
Goal Score: 700 on EQ 04 (01/01/16)


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Valued Contributor
Posts: 2,281
Registered: ‎09-16-2011
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Re: Zynced


Revelate wrote:

Mortage at end of this year = sit tight.

 

Backdating won't help you in that timeframe and a mortgage is the absolute most expensive financial decision anyone ever makes (other than maybe sending one's kids to Havard or similar two decades from now).

 

Close the mortgage, then app for whatever you want... and in your case, that might be straight into the revolver you actually want next year Nicholas.

 


+1  couldn't agree more, you don't want to screw up a morgage AP to get a charge card now

 

 

Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 12k Sally Mae5k Sams Club MC 10k, Paypal Extras MC 6k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5k, Walmart 10k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 10k and a nice stack of store cards.
Last APP/HP 4/22/2015
Established Contributor
Posts: 772
Registered: ‎01-03-2012
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Re: Zynced

Congrats, Revelate! Smiley Happy

 

I know you've been talking (writing) about this for some time - glad you got it!

 

Look at me - didn't log on today and here's what I miss... Smiley Tongue


Starting Score: Jan 2012: EQ - 659, TU08 - 670, EX - ???
Current Score:April 2014: EQ - 772, TU08 - 782, EX - 754
Last App:3/21/14

Valued Contributor
Posts: 1,738
Registered: ‎08-13-2012
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Re: Zynced


Revelate wrote:

Mortage at end of this year = sit tight.

 

Backdating won't help you in that timeframe and a mortgage is the absolute most expensive financial decision anyone ever makes (other than maybe sending one's kids to Havard or similar two decades from now).

 

Close the mortgage, then app for whatever you want... and in your case, that might be straight into the revolver you actually want next year Nicholas.

 


thank revelate i know its hard man......but one side in me wanna to apps for some prime card so bad....i might put like 50% down payment so i sure they would approved me .........hmmmmm im kinda in da middle of wanna hit the button and DON'T........hate this situation ;-(

 


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Moderator Emeritus
Posts: 12,488
Registered: ‎12-30-2011
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Re: Zynced

Problem is that one's FICO pretty much determines your interest rate unless you are going the FHA route. I may have to do that but it would be a lot easier if I can get a conventional mortgage at similar rates.

Right or wrong lenders look at credit card apps as financial instability. You want to look as stable and predictable as possible on a mortgage app.

Look at it this way, a better credit card might save you an extra 1-2% on your monthly purchases. Let's say you have 1000 in qualifying spending so you get back $20 per month. Not a bad idea but compare to this:

$100000 mortgage and the difference between call it 3 and 4%. That is an extra 1k per year in interest (sloppy math I know) or ~80 per month. Might lose 60 / month on that credit card if it drops you into a lower tier. That's just an example but it is applicable.

Get the best rate you can on your mortgage, then after it closes reward yourself with a new credit card if you choose. Don't do anything to jeopardize the mortgage process, it's hugely more important than any credit card.
Starting Score: EQ 04 561, TU 98 567, EX 98 599 (12/30/11)
Current Score: EQ 04 700, TU 04 731, EX 98 725 (05/24/15)
Goal Score: 700 on EQ 04 (01/01/16)


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Valued Contributor
Posts: 1,960
Registered: ‎08-13-2007
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Re: Zynced


Revelate wrote:
Problem is that one's FICO pretty much determines your interest rate unless you are going the FHA route. I may have to do that but it would be a lot easier if I can get a conventional mortgage at similar rates.

Right or wrong lenders look at credit card apps as financial instability. You want to look as stable and predictable as possible on a mortgage app.

Look at it this way, a better credit card might save you an extra 1-2% on your monthly purchases. Let's say you have 1000 in qualifying spending so you get back $20 per month. Not a bad idea but compare to this:

$100000 mortgage and the difference between call it 3 and 4%. That is an extra 1k per year in interest (sloppy math I know) or ~80 per month. Might lose 60 / month on that credit card if it drops you into a lower tier. That's just an example but it is applicable.

Get the best rate you can on your mortgage, then after it closes reward yourself with a new credit card if you choose. Don't do anything to jeopardize the mortgage process, it's hugely more important than any credit card.

Very well stated!

 

And congrats on the Zync.

 

Ray

** Every Card has a Job, and Every Card does its Job **

Valued Contributor
Posts: 1,738
Registered: ‎08-13-2012
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Re: Zynced

yeah i know......thanks a lot......i think i should stop log in this forum because everyday i see ppl with successful apps make me hittttttttttttttttttt that button lol..................


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

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