@Anonymous wrote:Hello everyone!
I would like to start that when i was young i was stupid with my credit. i took out 2 credit cards (1 for $300 and another for $1000) and maxed them in a small period of time. Being young and dumb i never paid them. That was 10 years ago. I am now 28 with a well paying job. I started my road to rebuilding with a small credit card from capital one. They gave me a secured card for $300 for only a $49 dollar deposit. I was excited to receive my first credit card and knew I had to take care of it. After that i was shopping at guitar center and applied for their store card which was approved for $500!! I felt like I was on a roll. 3 months later, I applied for the quicksilver one cash back card because I wanted a reward card. I was approved for $500. i had itchy fingers again and wanted a TV. Wal-Mart was giving me a deal of 12 months no interest if I applied for their card. I was approved for $400. I felt like that was going be the maxed on my credit limits. That I wasn’t going to be approved for anything higher. I then started to have car problems and had to apply for a car loan. (Which I was approved with Capital One for up to 30K). I stayed away from and hard hits on my credit for a while. One day I long on to pay me credit cards and i see my Quicksilver one credit limit was raised to $3,500!! I was beyond excited. So what I am trying to do is travel as much as I can with my girlfriend. So I was looking for the best travel card and the CSP looks like it is. I want to receive points for my every day spending. My credit card utilization is around 10%, I’ve never been late on any of my cards payments. MY Experian score is 648, Credit karma is only 614. I owe 20k on my auto loan and make around 70k a year income. Last but not least 4 hard inquiries in 1 year. What are my chances of being approved?
thanks!!
Pretty slim to none unfortunately. I would address the things on your credit report that are lowering your score first, and then apply after that.
@heyarrnold wrote:
@-NewGuy- wrote:
@Anonymous wrote:Hello everyone!
I would like to start that when i was young i was stupid with my credit. i took out 2 credit cards (1 for $300 and another for $1000) and maxed them in a small period of time. Being young and dumb i never paid them. That was 10 years ago. I am now 28 with a well paying job. I started my road to rebuilding with a small credit card from capital one. They gave me a secured card for $300 for only a $49 dollar deposit. I was excited to receive my first credit card and knew I had to take care of it. After that i was shopping at guitar center and applied for their store card which was approved for $500!! I felt like I was on a roll. 3 months later, I applied for the quicksilver one cash back card because I wanted a reward card. I was approved for $500. i had itchy fingers again and wanted a TV. Wal-Mart was giving me a deal of 12 months no interest if I applied for their card. I was approved for $400. I felt like that was going be the maxed on my credit limits. That I wasn’t going to be approved for anything higher. I then started to have car problems and had to apply for a car loan. (Which I was approved with Capital One for up to 30K). I stayed away from and hard hits on my credit for a while. One day I long on to pay me credit cards and i see my Quicksilver one credit limit was raised to $3,500!! I was beyond excited. So what I am trying to do is travel as much as I can with my girlfriend. So I was looking for the best travel card and the CSP looks like it is. I want to receive points for my every day spending. My credit card utilization is around 10%, I’ve never been late on any of my cards payments. MY Experian score is 648, Credit karma is only 614. I owe 20k on my auto loan and make around 70k a year income. Last but not least 4 hard inquiries in 1 year. What are my chances of being approved?
thanks!!
Pretty slim to none unfortunately. I would address the things on your credit report that are lowering your score first, and then apply after that.
NewGuy is right. Unfortunately, your chances are slim to none.
By next year, once the amount that you owe on your auto loan has decreased and inquiries aged, you will have a better chance. Stay away from applying, and use your current cards wisely. Try to increase their limits via SP.
Indeed. Also, it sounds like you have some baddies? I would look into addressing those as well, as that could provide a nice score bump.
