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Posts: 9
Registered: ‎07-01-2008
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Applying for CCs in this economy?

OK so here I am, my scores are finally decent enough (I hope) to apply for a CC...my goal is to get my scores above 700 (a year and a half ago they were in the high 500's/low 600's).  Now Tu 675, Ex 695 and Eq 745.  I have a car loan now for three months, paid on time SCRUPULOUSLY....I am working on getting two old (2002) and paid medical collections deleted using the Hippa process. Now I think I need to apply for a CC or a store card to help  my score.  What do you think?  Which is easier to get and which will help my score more?  I hate to apply for something now and get a hard pull on my report and not be approved!  Do you think I should wait a couple of months until everything in the banks and wall street settles down?  Just go for a store card?  Any advice is much appreciated!! 
Regular Contributor
Posts: 229
Registered: ‎08-31-2007
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Re: Applying for CCs in this economy?


groomershears wrote:
OK so here I am, my scores are finally decent enough (I hope) to apply for a CC...my goal is to get my scores above 700 (a year and a half ago they were in the high 500's/low 600's).  Now Tu 675, Ex 695 and Eq 745.  I have a car loan now for three months, paid on time SCRUPULOUSLY....I am working on getting two old (2002) and paid medical collections deleted using the Hippa process. Now I think I need to apply for a CC or a store card to help  my score.  What do you think?  Which is easier to get and which will help my score more?  I hate to apply for something now and get a hard pull on my report and not be approved!  Do you think I should wait a couple of months until everything in the banks and wall street settles down?  Just go for a store card?  Any advice is much appreciated!! 

 

I think you'd have pretty good chances with your EQ score.  Find a CCC that is tolerant of baddies and that pulls EQ (sorry I don't know a specific one to recommend).
Moderator Emeritus
Posts: 16,375
Registered: ‎03-12-2007
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Re: Applying for CCs in this economy?

YMMV, but CITI is a big EQ puller.
Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
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