i get cc apps all day in the mail. chase, discover, mastercard, capital one. my credit union issues a couple apps but not as frequent as the others. i like my credit union because they offer 2.9 intro then it maxes after 9 months at like 8.9 percent. the others offer 0 percent apr for a year then jumps to like 18 or 23 percent. i like my credit unions rate "outline" better...
i spoke to them today. they do a soft pull every quarter. last pull i registered a high 7's in my fico. my debt to income ratio needs to be less then 50% to get the best rate. mine is. HOWEVER, i was under the impression that debt to income more or less refers to strictly revolving accounts and not installment accounts??
i just got a raise. i gross 800 a week and take home 621. i have a 500 balance on 5000 credit card with wells fargo that i have had for a year. i have a 500 balance on a 2600 credit card thru HSBC tha i have had for 4 years. i have 90 bucks a month for a student loan (installment) and 400 month installment for my car payment. (my work pays my car note but its issued under my name. i guess it helps build my credit but kinda hurts my debt to income lol...
in any event....in terms of revolving credit i have 1000/7600. 7.6 utilization.
my student loans i think im around 8k and my car note is under 12k.
should i apply for the new credit union credit card? i dont need the credit card but i want it lol....
in terms of minium payments....i can pay 15 (hsbc) 25(wells fargo) 90 (college loans) 400 (car) and i take home 2400 a month.
what do you think i would be approved for? they told me max would be 25k??
