Re: Capital One Increase
08-13-2012 10:47 PM
I just know that Cap1 and other banks have tightened their belts. When I had 750 credit score, they tightened their belt and wouldn't even let me re-finance my house even though at the time i had perfect credit, stable employment, and my ratios were in line. sadly we have a choice. play their game OR not play their game and pay cash for everything. Be like Dave Ramsey and have a 0 credit score with millions in the bank. of course, people forget, he made his millions BEFORE the market crash NOT after the market crash.
to change the tables, deposit $5,000 in a CD showing them you can save and then pay it off 3 times a month showing them you can handle the line of credit OR just use them for one tank of gas a month and use your other cards ... the $7500 limit card.
for myself, i just have one major credit card. keep it simple.