topic Re: In fear of denial!! in Credit Cards

In fear of denial!!

Anonymous — Fri, 13 Mar 2015 22:54:27 GMT

Let me preempt this line of questioning with an apology. I need some good feedback here.

I have made great strides over the last year to bring myfico score up to the fair-near good level. No unpaid debts now, but 2 medical bureau accounts still on my report (from '10) that are being disputed, a student loan with payment performance issues that have been in good standing now for over a year, and nothing else to speak of.

Myfico is now EX:667 TU:665 EQ:675 I know thats not great, but I have been very happy with the responsible progress I have made.

I would like to apply for the Amex everyday, but worry about another HP and/or denial. My earnings are $65,000 and I have a Barclay Card-$500/ Cap One QSOne $500/ and a Cap One Platinum at $1400. My utilization is at 7%, and I use them frequently, on small items and pay them off as soon as they post (I'm a chicken and scared of any points dropping!!)

Any advice or experience with Amex? I feel like every credit file is very unique and don't want to go after it just because.

Thanks in advance!

Re: In fear of denial!!

ojefferyo — Sat, 14 Mar 2015 00:13:13 GMT

@Anonymous wrote:
Let me preempt this line of questioning with an apology. I need some good feedback here.

I have made great strides over the last year to bring myfico score up to the fair-near good level. No unpaid debts now, but 2 medical bureau accounts still on my report (from '10) that are being disputed, a student loan with payment performance issues that have been in good standing now for over a year, and nothing else to speak of.

Myfico is now EX:667 TU:665 EQ:675 I know thats not great, but I have been very happy with the responsible progress I have made.

I would like to apply for the Amex everyday, but worry about another HP and/or denial. My earnings are $65,000 and I have a Barclay Card-$500/ Cap One QSOne $500/ and a Cap One Platinum at $1400. My utilization is at 7%, and I use them frequently, on small items and pay them off as soon as they post (I'm a chicken and scared of any points dropping!!)

Any advice or experience with Amex? I feel like every credit file is very unique and don't want to go after it just because.

Thanks in advance!

The points drop aren't anything to really worry about, maybe a few points if any. Problem is the EX score is kinda bordrline and they may double pull you and you end up with a small SL. It's really your call but I would wait a bit more and try to get CLI on your other cards in the meantime.

Re: In fear of denial!!

Anonymous — Sat, 14 Mar 2015 00:34:25 GMT

I was just approved for the AmEx EveryDay ($5,000 and 17.99%) with an EX score of 668. Every credit file is different. My AAoA is 7 years, income $42,000, 6 baddies (all 4+ years old), and a previous CO with Amex still on FILE.

It defies logic, but it happened. Wait or don't. If you get a denial, AmEx will at least tell you why they denied you and you can address the problem.

Re: In fear of denial!!

Anonymous — Sat, 14 Mar 2015 00:34:07 GMT

I'm with you. It's hard when you are so close to resist the urge to build faster. It really doesn't work that way, does it!! Thanks for the thoughtful advice.

Re: In fear of denial!!

taxi818 — Sat, 14 Mar 2015 00:42:15 GMT

Of course every file is different. but with your ex being what it is i would also say you are good to go. denial. no way qwould i fear that. or i would never apply for anything. this way you know where you stand. even if the starting score is low. it does not matter. its not where you start anyway. if you are looking at it as long term relationship. i would just go for it. good luck.

Re: In fear of denial!!

Anonymous — Sat, 14 Mar 2015 00:48:59 GMT

Just make sure when (not if) you go for it, to let us know how it goes.

Re: In fear of denial!!

Anonymous — Sat, 14 Mar 2015 01:25:39 GMT

I will absolutely keep the forum updated! I am going to sleep on it! Why have I become so OBSESSED with these numbers?!?! My God! I'm a decently fit woman of 40, but I have never stressed numbers on a scale like I do these damn FICO AND FAKO (worse yet!!!). Thanks all! Made my night!

Re: In fear of denial!!

joedtx — Sat, 14 Mar 2015 06:01:06 GMT

@Anonymous wrote:
Let me preempt this line of questioning with an apology. I need some good feedback here.

I have made great strides over the last year to bring myfico score up to the fair-near good level. No unpaid debts now, but 2 medical bureau accounts still on my report (from '10) that are being disputed, a student loan with payment performance issues that have been in good standing now for over a year, and nothing else to speak of.

Myfico is now EX:667 TU:665 EQ:675 I know thats not great, but I have been very happy with the responsible progress I have made.

I would like to apply for the Amex everyday, but worry about another HP and/or denial. My earnings are $65,000 and I have a Barclay Card-$500/ Cap One QSOne $500/ and a Cap One Platinum at $1400. My utilization is at 7%, and I use them frequently, on small items and pay them off as soon as they post (I'm a chicken and scared of any points dropping!!)

Any advice or experience with Amex? I feel like every credit file is very unique and don't want to go after it just because.

Thanks in advance!

Firstly congrats on your accomplishments everyone has to have a start somewhere, your progression speaks for itself, you have two major factors that will make a difference your new lines aging along with the minimizing impact of those inquiries along with time itself your scores will continue elevate have a little bit of patience and keep in mind it will be yours its just waiting for the interim keep in mind you are doing this to help yourself.

all the best

Re: In fear of denial!!

Anonymous — Sat, 14 Mar 2015 07:24:39 GMT

@Anonymous wrote:
I will absolutely keep the forum updated! I am going to sleep on it! Why have I become so OBSESSED with these numbers?!?! My God! I'm a decently fit woman of 40, but I have never stressed numbers on a scale like I do these damn FICO AND FAKO (worse yet!!!). Thanks all! Made my night!

Because they aren't just numbers. They're an extremely influencial part of the banking system and can either save or cost you tons of money on things like credit card interest rates, car loans and mortgages

Re: In fear of denial!!

OHWWCB — Sat, 14 Mar 2015 07:43:57 GMT

Amex has been weird with me. When I applied for my green card they instantly approved me but kept denying me for every revolver I tried and I had a score around 660 at the time on Experian. Fast forward 6 months to January and they FINALLY approved me for my first revolver since my very first CC ever in college back in 1999 (Member since...yes!). And fast forward to last night where I got my 3x CLI and went from 5k to 15k! So I guess I'm finally back in Amex's good graces. Yay!

Re: In fear of denial!!

Shogun — Sat, 14 Mar 2015 15:10:57 GMT

Moved to Approvals

Re: In fear of denial!!

Anonymous — Sat, 14 Mar 2015 15:29:50 GMT

Congratulations!!

Re: In fear of denial!!

Creditwiser — Sat, 14 Mar 2015 15:36:26 GMT

Excellent. Nice going, congrats

Re: In fear of denial!!

Anonymous — Sat, 14 Mar 2015 15:51:29 GMT

Out of curiosity, what's your CL/APR?

Re: In fear of denial!!

Anonymous — Sat, 14 Mar 2015 16:26:11 GMT

Sorry! Meant to post that.

CL: $2500

APR: 0%-7/16

then 18%

Re: In fear of denial!!

ojefferyo — Sat, 14 Mar 2015 16:28:49 GMT

Nice and congrats