applying 4 a new card, should i wait????

[adourdomo]

Hello Everyone

ive been a memeber here, but never posted.. this is my first post

i wanna apply for a new card and i just paid my balance on my capital one CC in full, should i wait until the balance is reflected on my credit report before applying for a new card with another bank? or does it not matter?

thank you inadvance for your advice

[Wolf3]

If your utilization improves significantly, your FICO score will be better.  Have you calculated how much it changes?

[adourdomo]

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@Wolf3 wrote:

If your utilization improves significantly, your FICO score will be better.  Have you calculated how much it changes?

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 thank you for replying... yes ive calculated it but wasnt sure if it would really change based on the calculations, but it calculated a score gain of 40 points

[JaseT]

It's always best to wait to app if your UTL is going to improve.

[Anonymous]

I would wait.

[JM-AM]

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@adourdomo wrote:

Hello Everyone

ive been a memeber here, but never posted.. this is my first post

i wanna apply for a new card and i just paid my balance on my capital one CC in full, should i wait until the balance is reflected on my credit report before applying for a new card with another bank? or does it not matter?

thank you inadvance for your advice

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Congrats on paying down your bill.

While you may want to apply for a new card you do not mention anything else about your credit profile. 

Is this your only CC?

Do you have any negatives reporting?

How old is your AAoA?

Do you have any other debts presently?

These are just a few questions that would help others in giving you their opinions.

[adourdomo]

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@JM-AM wrote:

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@adourdomo wrote:

Hello Everyone

ive been a memeber here, but never posted.. this is my first post

i wanna apply for a new card and i just paid my balance on my capital one CC in full, should i wait until the balance is reflected on my credit report before applying for a new card with another bank? or does it not matter?

thank you inadvance for your advice

---

Congrats on paying down your bill.

While you may want to apply for a new card you do not mention anything else about your credit profile. 

Is this your only CC?

Do you have any negatives reporting?

How old is your AAoA?

Do you have any other debts presently?

These are just a few questions that would help others in giving you their opinions.

---

thank you

im currently working on improving my credit score

this is my only CC (Good standing)

i have 4 negative reportings in collections 

i have an auto loan with chase bank (good standing)

i dont know what AAoA is???

Ex score is 561

[Wolf3]

AAoA is Average Age of Accounts.   

[MarineVietVet]

Here is a list of Abbreviations.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[Anonymous]

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@adourdomo wrote:

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@JM-AM wrote:

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@adourdomo wrote:

Hello Everyone

ive been a memeber here, but never posted.. this is my first post

i wanna apply for a new card and i just paid my balance on my capital one CC in full, should i wait until the balance is reflected on my credit report before applying for a new card with another bank? or does it not matter?

thank you inadvance for your advice

---

Congrats on paying down your bill.

While you may want to apply for a new card you do not mention anything else about your credit profile. 

Is this your only CC?

Do you have any negatives reporting?

How old is your AAoA?

Do you have any other debts presently?

These are just a few questions that would help others in giving you their opinions.

---

thank you

im currently working on improving my credit score

this is my only CC (Good standing)

i have 4 negative reportings in collections 

i have an auto loan with chase bank (good standing)

i dont know what AAoA is???

Ex score is 561

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Where did you get your Ex score?  Is that actually your EQ score instead?  In any case, you should work on getting the baddies off before applying for more CCs.