topic Re: Anyone Knows? in Credit Card Applications

Anyone Knows?

Anonymous — Fri, 28 Aug 2015 14:55:10 GMT

Will my Lowes CC application be affected?? or Will my AC application be affected?

Reason: I decided to install an AC at the house (only has heat) and the proposal comes out to $9k (new furnace, new AC, new ducs in attic, drywall work etc). The thing is, the bank that will finance it is Sync at 5.99% for 5 years. I'm already in the process to complete paperwork with my HOA and paid the fees ($425) for fence installation/county plotting etc which I was planning on financing at Lowes (sync) with the 84 months @ 5.99% until paid in full and no penalty for paying it off early.

1. does it make a difference which application i complete first? fence or AC?

2. whichever i apply for first, will i have a problem getting approve for the second app?

3. will Sync approve me for both?

4. is there a way to apply for a sync CC or loan that will allow me to purchase both projects at 5.99%?

Your advice will be much apprciated, REALLY!!! lol, im freaking out!

Notes: I will be making about $800 payments until pay in full ($5k for fence & $9k for AC). I will also have $2200 in extra checks from work(october and january) + about $2k in taxes that i will be putting towards the $14k ($14k - $4k) = $10k....so about 11 months to a year to pay off.

Scores below.

Re: Anyone Knows?

Anonymous — Mon, 31 Aug 2015 16:25:26 GMT

Anyone??

Re: Anyone Knows?

Anonymous — Mon, 31 Aug 2015 16:42:10 GMT

@Anonymous wrote:
Will my Lowes CC application be affected?? or Will my AC application be affected?

@Anonymous: I decided to install an AC at the house (only has heat) and the proposal comes out to $9k (new furnace, new AC, new ducs in attic, drywall work etc). The thing is, the bank that will finance it is Sync at 5.99% for 5 years. I'm already in the process to complete paperwork with my HOA and paid the fees ($425) for fence installation/county plotting etc which I was planning on financing at Lowes (sync) with the 84 months @ 5.99% until paid in full and no penalty for paying it off early.

1. does it make a difference which application i complete first? fence or AC?
2. whichever i apply for first, will i have a problem getting approve for the second app?
3. will Sync approve me for both?
4. is there a way to apply for a sync CC or loan that will allow me to purchase both projects at 5.99%?

Your advice will be much apprciated, REALLY!!! lol, im freaking out!

Notes: I will be making about $800 payments until pay in full ($5k for fence & $9k for AC). I will also have $2200 in extra checks from work(october and january) + about $2k in taxes that i will be putting towards the $14k ($14k - $4k) = $10k....so about 11 months to a year to pay off.

Scores below.

I guess the variable is which CRAs will be pulled for each application. Lowes pulled EX for me, so you can check credit pulls database to see which CRA was hit the most in your state. As for the other, do you know which CRA the bank is using? If they use EQ and Lowes uses either TU or EX, I would do the apps within a day of each other. I just got a new furnace put in Friday (Thanks Lowes!!) and I plan to have it paid off within 6 months, but the central air won't be upgraded until the spring because I'll finish out this summer with the one I have then upgrade in the spring when the furnace is paid off.

Re: Anyone Knows?

Creditaddict — Mon, 31 Aug 2015 17:06:12 GMT

Just apply for both at the same time... don't let one report the balance before you apply for the 2nd... but once the AC application is approved apply for Lowes and CLI recon right away then it can sit until you are ready to do the other work.

Re: Anyone Knows?

Anonymous — Mon, 31 Aug 2015 18:21:10 GMT

UPDATE:

Just got an email from the Air Conditioning company and my application for the $9k with sync was decline. Lady suggested to call sync and see what happens using a reference # she game me from the application. I think this has to do witih the fact that i burned sync (walmart and target) in 2010/oct....wasnt much, maybe about $400 combined.

Now i kinow for a fact that i will be denied for the Lowe's CC (sync) for the fence ($5k)...i would hate to have another HP wasted, I think im going to use my Venture for the $5k fence project and pay it in 5 months...grrr

i will be calling sync in 12 mins, but im reconsidering and thinking not to go forward with the AC $9k installation so i dont have too much debt.

Also, i just got hit with a HP from jcrew and express today when i got them with a SP over a month ago...going to dispute that for sure!!

Re: Anyone Knows?

Creditaddict — Mon, 31 Aug 2015 18:23:35 GMT

If apply for lowes online... Sync is a bonkers crazy computer system and 1 decline may not have anything to do with another!

Re: Anyone Knows?

Anonymous — Mon, 31 Aug 2015 18:26:17 GMT

@Creditaddict wrote:
If apply for lowes online... Sync is a bonkers crazy computer system and 1 decline may not have anything to do with another!

Thanks, i'll call shortly and keep you posted....can i dispute jcrew and express HP?

Re: Anyone Knows?

Creditaddict — Mon, 31 Aug 2015 18:29:07 GMT

Doubt it since you have accounts with them

Re: Anyone Knows?

Anonymous — Mon, 31 Aug 2015 18:40:26 GMT

@Anonymous wrote:
@Creditaddict wrote:
If apply for lowes online... Sync is a bonkers crazy computer system and 1 decline may not have anything to do with another!
Thanks, i'll call shortly and keep you posted....can i dispute jcrew and express HP?

Agree with CA. I burned GE years ago, but paid off the debt and they have welcomed me back. Which CRA did the bank pulled? Does your reports say?

Re: Anyone Knows?

Creditaddict — Mon, 31 Aug 2015 18:42:06 GMT

Did you settle the baddies with sync from 2010?
I burned them but settled them and got welcome backed in at 1 year from payment

Re: Anyone Knows?

Anonymous — Mon, 31 Aug 2015 19:46:48 GMT

No, i did not settle the debt...didnt know anything about that then until now that i joined this forum :-)

As to the Sync, called and was denied again...reason: ch7.

I dont want to use the HERO program and will not use other options to apply for other banks per the AC company's advice. I will have to pass on the AC installation and concentrate on the fence only since i already pay county fees for new plotting of my property.

I will most likely use my Venture for the $5k purchase, dont want anymore HPs.