topic What could I qualify for? in Credit Card Applications

What could I qualify for?

Anonymous — Tue, 13 Feb 2018 16:02:30 GMT

I hope this is the right board. I need some advice in getting credit. Desperately need some furniture. I have a Rooms To go account but its only at $1000. I tried to get a CLI to $3000 last week on their automated telephone line but I got the “we will send our decision by mail” malarkey.

Would I have more luck with perhaps Home Depot, or somewhere else?

My credit report as of today: (only have 10 months of credit history since I am new to the US from the UK)

TU – 617

EQ – 620

I have 6 accounts open all in good standing no missed payments

Credit card utilization 54%

No collections

10 hard inquiries (ouch)

I also really would like a new mobile phone (really keen on the iphone x or 8) is it possible to get this with zero deposit?

Am I being too ambitious lol? Just wondering what others have had luck in getting approved for. Would rather figure out my chances first than to go ahead and get denied and take on another hard hit on my credit.

Thanks

Re: What could I qualify for?

Anonymous — Tue, 13 Feb 2018 16:16:16 GMT

If those scores are from Credit Karma throw them away because they're useless scores. Get your FICO scores instead.

Desperate for furniture and a cell phone both sound like luxuries to me. What is your emergency savings balance right now? What are your balances on credit cards right now versus limits?

Re: What could I qualify for?

Anonymous — Tue, 13 Feb 2018 17:21:01 GMT

Yes from Credit Karma. Really? Can I get my FICO scores for free ?

Just moved into a new place and don't have any furniture so we kind of do need a few bits. And my current phone has stopped working properly, I can't see part of the screen and I need it for directions etc.

Balance on RTG is $700. Discover balance is $70.

Re: What could I qualify for?

Anonymous — Tue, 13 Feb 2018 19:04:10 GMT

wrote:
Yes from Credit Karma. Really? Can I get my FICO scores for free ?

Yes, Discover offers free TransUnion FICO for cardholders monthly, it usually comes out around the time of your statement. They also have a separate site creditscorecard (different login than your Discover account) that offers monthly Experian FICO for free, and you don't have to have a credit card with Discover.

Citi offers free Equifax FICO (bankcard version, not traditional) monthly for most of their cardholders but this one is slow. Amex offers free Experian FICO too.

Re: What could I qualify for?

Anonymous — Tue, 13 Feb 2018 19:45:20 GMT

Thank you so much that's really helpful. I will check it out with Discover.

wrote:
wrote:
Yes from Credit Karma. Really? Can I get my FICO scores for free ?
Yes, Discover offers free TransUnion FICO for cardholders monthly, it usually comes out around the time of your statement. They also have a separate site creditscorecard (different login than your Discover account) that offers monthly Experian FICO for free, and you don't have to have a credit card with Discover.

Citi offers free Equifax FICO (bankcard version, not traditional) monthly for most of their cardholders but this one is slow. Amex offers free Experian FICO too.

Re: What could I qualify for?

Anonymous — Tue, 13 Feb 2018 23:38:08 GMT

wrote:
If those scores are from Credit Karma throw them away because they're useless scores. Get your FICO scores instead.

Desperate for furniture and a cell phone both sound like luxuries to me. What is your emergency savings balance right now? What are your balances on credit cards right now versus limits?

Furniture sound like luxuries? Really?

Re: What could I qualify for?

AverageJoesCredit — Tue, 13 Feb 2018 23:22:24 GMT

Hi Op, you can get your fico scores at credit check total for $1 on a 7 day trial , just cancel before the end of 7 days. Once you have those we can guide you to better options. Rooms to Go, i believe is Synchrony Financial and are usually hp for credit limit increases. Synchrony increases are much easier once your TU score starts getting over 670.

Lol, ABCD, for some of us, furniture is a must, ie beds to sleep on etc and for most people having a working cell phone isnt a luxury but a must

Re: What could I qualify for?

Remedios — Wed, 14 Feb 2018 01:28:46 GMT

OP, maybe you should try Walmart store card. There is no 0% period tho, so if you can't pay it in full, it might end up being a horrible deal.
Have you tried Discover pre-approval page?

Re: What could I qualify for?

Anonymous — Wed, 14 Feb 2018 03:19:34 GMT

Furniture before emergency fund is a luxury, yes. Use moving boxes with a tablecloth to save money for a year.

Cell phones are dirt cheap at Best Buy or Target. I once snagged some Android phone for $19. Worked great for two years and now I run Alfred on it in my front window to watch for deliveries.

Goodwill or SalVal are good choices for furniture if you're really pressed for something.

Re: What could I qualify for?

Anonymous — Wed, 14 Feb 2018 04:02:36 GMT

ABCD- Let's keep all of our Orr's in the water.

Re: What could I qualify for?

Anonymous — Wed, 14 Feb 2018 05:00:07 GMT

wrote:
Furniture before emergency fund is a luxury, yes. Use moving boxes with a tablecloth to save money for a year.

Cell phones are dirt cheap at Best Buy or Target. I once snagged some Android phone for $19. Worked great for two years and now I run Alfred on it in my front window to watch for deliveries.

Goodwill or SalVal are good choices for furniture if you're really pressed for something.

Agree with cell phone comment. Don't get why people with limited funds need a $1000 cell phone. You can get a budget phone that will run all the latest apps for under $50.

Craigslist a good spot for free/cheap furniture. Not mattresses or couches, those tend to stink like hell. Chairs, dressers, tables, desks can be had on the cheap.

Re: What could I qualify for?

Anonymous — Wed, 14 Feb 2018 06:20:10 GMT

wrote:
I hope this is the right board. I need some advice in getting credit. Desperately need some furniture. I have a Rooms To go account but its only at $1000. I tried to get a CLI to $3000 last week on their automated telephone line but I got the “we will send our decision by mail” malarkey.

Would I have more luck with perhaps Home Depot, or somewhere else?

My credit report as of today: (only have 10 months of credit history since I am new to the US from the UK)
TU – 617
EQ – 620

I have 6 accounts open all in good standing no missed payments
Credit card utilization 54%
No collections
10 hard inquiries (ouch)

I also really would like a new mobile phone (really keen on the iphone x or 8) is it possible to get this with zero deposit?

Am I being too ambitious lol? Just wondering what others have had luck in getting approved for. Would rather figure out my chances first than to go ahead and get denied and take on another hard hit on my credit.

Thanks

You may be too ambitious right now, to be honest. You need to let your score get higher before you can get any decent approvals. I'd say if you're super desperate for something RIGHT NOW, try these options while you wait for your score to get higher....

Freecycle. If you google it you'll find a site where you can search for your location, join that group and you can post ads looking for free stuff or reply to ads people have posted about giving stuff away. You won't find a phone this way, but you can find furniture.

If you can afford it, try Rent A Center or Aaron's or other similar places. In the end you end up paying a lot more than if you bought the furniture outright but at least with them you can make payments with no credit check. I know that Big Lots also has some sort of a thing where you can buy furniture and make payments on it, not sure how it works though or if it's offered at all locations.

Craigslist, of course. There is free and cheap stuff posted there a lot.

Thrift stores. It's not the most pretty furniture but it will work.

Walmart MIGHT approve you for a credit card.....and they have cheapish couches and stuff. But I wouldn't guarantee an approval, idk if it's even worth trying but I know they sometimes approve lower scores.

Amazon or ebay for a phone. Or try a cheap prepaid one if you're desperate for something to use until you can get a better one.

Re: What could I qualify for?

Anonymous — Wed, 14 Feb 2018 16:24:26 GMT

Thanks all for checking me! In the back of my mind I knew I was being too ambitious, and need to calm the hell down, but sometimes you just need to hear it from somebody else.

Re: What could I qualify for?

beutiful5678 — Wed, 14 Feb 2018 18:33:55 GMT

Swappa is also a good choice for a used phone. They check the EIN to make sure it's not stolen or locked in by a finance plan (this makes it a better option than eBay). I got a 64GB iPhone SE for ~$300 a year ago and they're even cheaper now.

I think this is bordering on the personal finance aspect of credit cards but responsible credit card usage means not buying something with a credit card that you can't pay cash for now. Using credit cards in a pinch is okay, but it really isn't a good option and should only be limited to necessities.