@creditwatcher2012 wrote:Im listening to your advice-- I agree with Relevate, honestly the only reason (besides really wanting the card) is that I saw all the approvals in regards to the CSP, how about I wait and see tommorow if they approve it or not. I dont see my self currently beingin debt that I cannot manage, but rather just wanting a credit card so badly> Has anoyone ever been in this situation, where you just really want a card and you justify every means possible to obtain that card/app?
thx again... OP
I think looked at rationally most people have been in this situation.
My personal whale was Amex when I was building, I really, really wanted a backdating target, and I basically maximized my plan to get the Zync by the end of 2012; I even succumbed to the "ooooh, shiney!" mentality when we had a slew of approvals and I got to thinking I could do it too. In my case it all worked out but I'd stayed on the straight and narrow previous to that.
You're not in a bad spot at all. You have call it $1800 of debt, which you should start hammering down, and at that point I suspect the analyst you talked to was probably correct in saying that you have a good shot then; however, any acquisition plan has to have some modicum of objectivity, and I think your expectations in this case weren't in line with reality.
Take the couple months to work on your debt, and when paid off, then take the shot again at the CSP and I'm guessing (unless their underwriting standards change, and it's been getting steadily easier for the last year and a half roughly) you'll achieve your goal card in this case. Only other possible issues are your income or other tradelines (sometimes been reported) and I don't know either, but from a credit report perspective if you're sitting at a legit 680 FICO (didn't check where you got yours from) and a maxxed out credit line, that's probably 700 territory and that's simply enough score wise to obtain a CSP.
Either way let us know the outcome, and good luck.
Discover IT $2,600- First Premier MasterCard $1,000- Dillards Store Card $300- Fingerhut Advantage $200
@missjae wrote:
Even if you pay the card off like that, you were still over the limit and Chase keeps internal records. It looks bad.
Take this for example: I carried a balance with Discover for $2500 for almost 3 years. One day, I paid it off in full. Waited for my CR to update, let some time pass and asked for an APR decrease. It decreased about .74 points. I'm sure it had to do with my internal history with them. I paid them off, but they still see my history with them and factor it in to decisions they make regarding my account. Only time and responsible use will show them that I wouldn't do that again.
Over limit is actually not a big deal anecdotally though I suppose some lenders may look at it suspiciously I don't think Chase is one of them in my personal experience. Can happen for a whole lot of reasons looked at across the entire consumer universe and most of them are pretty benign. Pay the overlimit fee and go on with life, ain't no big thing.
