topic Re: Serious Question Before I Can Decide What To Do ! in Credit Cards

Serious Question Before I Can Decide What To Do !

Anonymous — Mon, 26 Jun 2017 22:28:37 GMT

I have posted several links with various types of questions.

Always looking for answers so that I can gain more knowledge

to make wise and informed decisions !

I have been prolonging apping for CSP for awhile now, waiting for my scores and reports to be JUST RIGHT !

I have paid both of my cards off to obtain a 1% utilization.

With one at 0% and the other at 1%.

I have been waiting patiently for the banks to report to all three CRA's,

and then waited again patiently for my reports to update.so that I could have the best scores and utilization for apping

so that I could get the best SL.

Well, all of my reports were updated showing 1% utilization except for my Experian, which is showing 13%.

This is not the best score that I can obtain on my Ex of course, so I am now stuck with worry knowing that

I will not get the best SL from Chase because my utilization is so high.

My credit union Mastercard did not report to Experian last month, so that is why it remains at 13%.

Makes me sick after all the work that I have put into my credit.

Now I am ready to get my CSP, and my bank screwed me over.

The Mastercard has a $500 limit and is still reporting to Ex with a $449 balance. Which is actually paid off to 0.

Should I wait until my Experian report actually reports correctly before I app ?

I want to get the absolutely best SL possible, as I know limit increases are hard to come by with Chase.

I just want to make the right decision with no regrets !

Re: Serious Question Before I Can Decide What To Do !

austinguy907 — Mon, 26 Jun 2017 22:39:45 GMT

If it were a normal 13% then I would say pull the trigger but, since youre single card is showing 90% I would wait for the update as a high utilization reporting like that could derail your application completely.

Re: Serious Question Before I Can Decide What To Do !

Anonymous — Mon, 26 Jun 2017 22:42:46 GMT

Maybe call the credit union and ask them nicely to update your reporting?

Re: Serious Question Before I Can Decide What To Do !

Anonymous — Tue, 27 Jun 2017 00:50:31 GMT

That's what I figured.

I will wait until Ex updates then.

Thanks for your help.

Re: Serious Question Before I Can Decide What To Do !

Anonymous — Tue, 27 Jun 2017 00:52:50 GMT

I called them last week.

They said that they will update Ex this week.

I've waited this long.

I guess that I can wait a little longer.

Re: Serious Question Before I Can Decide What To Do !

tcbofade — Tue, 27 Jun 2017 01:25:37 GMT

Correct. You are better served by waiting.

Re: Serious Question Before I Can Decide What To Do !

SouthJamaica — Tue, 27 Jun 2017 02:42:13 GMT

@Anonymous wrote:

I have posted several links with various types of questions.
Always looking for answers so that I can gain more knowledge
to make wise and informed decisions !

I have been prolonging apping for CSP for awhile now, waiting for my scores and reports to be JUST RIGHT !
I have paid both of my cards off to obtain a 1% utilization.
With one at 0% and the other at 1%.

I have been waiting patiently for the banks to report to all three CRA's,
and then waited again patiently for my reports to update.so that I could have the best scores and utilization for apping
so that I could get the best SL.

Well, all of my reports were updated showing 1% utilization except for my Experian, which is showing 13%.
This is not the best score that I can obtain on my Ex of course, so I am now stuck with worry knowing that
I will not get the best SL from Chase because my utilization is so high.

My credit union Mastercard did not report to Experian last month, so that is why it remains at 13%.
Makes me sick after all the work that I have put into my credit.
Now I am ready to get my CSP, and my bank screwed me over.

The Mastercard has a $500 limit and is still reporting to Ex with a $449 balance. Which is actually paid off to 0.

Should I wait until my Experian report actually reports correctly before I app ?
I want to get the absolutely best SL possible, as I know limit increases are hard to come by with Chase.

I just want to make the right decision with no regrets !

Yes wait.

Re: Serious Question Before I Can Decide What To Do !

bourgogne — Tue, 27 Jun 2017 05:58:05 GMT

hate to burst your bubble but your only card is $ 500? scores are only part of the equation esp with chase, they love high income and they don't like to be the first sig card. you are thinking of going from $ 500 to a min $5k line? I dont see that happening even with a >%. then again you lose 100% of the shots you don't take and worst case its a hp against your ex and tu. not that you are asking for recs but I would start with cap1 or if you have a mil in nfcu. penfed is also good but hard to crack. what does the online pre-qual show for chase, that is a good starting point. also if you are near a branch a pre-qual there is as close as a done deal you will fine. if you dont see pre-quals you might want to reconsider your strategy at least for the time being. good luck and may the force be,,oh you know lol

Re: Serious Question Before I Can Decide What To Do !

Anonymous — Tue, 27 Jun 2017 19:06:50 GMT

What are you talking about ?

You are mistaken buddy !

I have a $3500 Lowes as well.

Hate to burst YOUR bubble.
But thanks for chiming in.

I love when people respond but don't actually read what the post is actually about !

Re: Serious Question Before I Can Decide What To Do !

Anonymous — Tue, 27 Jun 2017 19:11:53 GMT

Look at my signature !

I have already been prequalified for the CSR .

Re: Serious Question Before I Can Decide What To Do !

bourgogne — Tue, 27 Jun 2017 19:25:00 GMT

@Anonymous wrote:
What are you talking about ?

You are mistaken buddy !

I have a $3500 Lowes as well.

Hate to burst YOUR bubble.
But thanks for chiming in.

I love when people respond but don't actually read what the post is actually about !

I can read, I dont view a lowes as a real card is all. if you have a pre-q then let it rip. sorry if I offended you.

Re: Serious Question Before I Can Decide What To Do !

NRB525 — Tue, 27 Jun 2017 19:33:49 GMT

Are the scores in your siggy accurate? That is quite a range.

Is your Lowest a MC or VISA, or the store version?

Best of luck when you app, but patience will be helpful here.

Does your credit union have a SP CLI option at all?

Re: Serious Question Before I Can Decide What To Do !

Anonymous — Tue, 27 Jun 2017 21:06:59 GMT

Bourgogne.
I appreciate everything that you are saying.
I just noticed that you didn't realize that I also have a Lowes credit card as well.

It does not have to be a $5000 credit card for someone to be approved for a CSP.
I have seen others be approved with as little as a
$2500 limit credit card.

Re: Serious Question Before I Can Decide What To Do !

bourgogne — Tue, 27 Jun 2017 21:23:48 GMT

@Anonymous wrote:
Bourgogne.
I appreciate everything that you are saying.
I just noticed that you didn't realize that I also have a Lowes credit card as well.

It does not have to be a $5000 credit card for someone to be approved for a CSP.
I have seen others be approved with as little as a
$2500 limit credit card.

some lenders have a lower sl for a sig card but unless I missed something - entirely possible - the min sl is $5K for a chase sig and $10k for an infinite from them. that is why I was suggesting the $ 500 jump to a sig is a long-shot imo. of course I hope I am dead wrong. re lowes, they are usually sync cards unless is a biz amex and sync and store cards are just not real to me. again just my opinion. as a side note who wants a low sl on any card, why not get something that you can grow with a soft pull vs a <sl and/or >%. credit takes time. good credit takes even longer. if you have a pre-qual online or branch then what I am saying is hopefully moot and you have other factors in your profile that enable you to get the card. hope so

Re: Serious Question Before I Can Decide What To Do !

Anonymous — Wed, 28 Jun 2017 21:02:04 GMT

Thank you !

I appreciate your help.