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Thanks everyone. My last questions is... I know that I have 11 inq. will those affect my score for the next 2 years? If I apply for Amex Green in Feb. 2014 - 1 year from today. Can Amex stil reject me with the same reason? I was denied recently because of too many inq. Should I wait 2 year before I apply to make sure that there no hard inq. on my report? Thanks.
I personally would not. When that card is paid off, the utili will drop to 0% for the card and will also lower your overall util which will increase your score.
@Anonymous wrote:Thanks everyone. My last questions is... I know that I have 11 inq. will those affect my score for the next 2 years? If I apply for Amex Green in Feb. 2014 - 1 year from today. Can Amex stil reject me with the same reason? I was denied recently because of too many inq. Should I wait 2 year before I apply to make sure that there no hard inq. on my report? Thanks.
Inquiries only affect your score for 12 months from the date of the inquiry.
Awesome!! You are a great resource. Thank you so much! I am going to garden with zero balances for a whole year!
The balance is paid off. My util. including the AU should be now zero. Will my score increase immdediately or will it take a few months to see the results? Thanks.
@Anonymous wrote:The balance is paid off. My util. including the AU should be now zero. Will my score increase immdediately or will it take a few months to see the results? Thanks.
It should increase as soon as the creditors report to the CRAs. U should see a significant bump if it was brought down from 90% util to 0%, but from what everyone says u should have all cards but one at 0% for the reporting. The one outlier should be reporting at 5-9%. (for a maximal boost that is)
Total CL: $321.7k | UTL: 2% | AAoA: 7.0yrs | Baddies: 0 | Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping |
My total available revolving limit is 7k - 4 cards. My Bank of America card has a 500 limit. If I want to show 5% debt balance on this card and 0 balance on others cards for max score, should I let it report $25 (5% of 500 card limit) or, 5% of my whole available balance which is $350. Thanks.