topic Re: Which card should I apply for or should I wait? in Credit Cards

Which card should I apply for or should I wait?

Anonymous — Mon, 20 Jul 2009 16:47:55 GMT

I would like to get a decent CC with a CL of at least $2k... Below is my current info... I have very low inquiries for each CRC.

FICO --- TU (692) EQ (669)
1 unpaid Judgment on both reports (except EX) from '04
4 paid chargeoffs from '05

Current CC's

Orchard - $545
Hooters - $945
Capital One - $1750 (2 accounts combined)
Direct Rewards - $300
Bloomingdales - $500
Best Buy Store card - $500
Zero balances on all cards. PIF each month...

Re: Which card should I apply for or should I wait?

BungalowMo — Mon, 20 Jul 2009 16:51:51 GMT

@Anonymous wrote:
I would like to get a decent CC with a CL of at least $2k... Below is my current info... I have very low inquiries for each CRC.

FICO --- TU (692) EQ (669)
1 unpaid Judgment on both reports (except EX) from '04
4 paid chargeoffs from '05

Current CC's

Orchard - $545
Hooters - $945
Capital One - $1750 (2 accounts combined)
Direct Rewards - $300
Bloomingdales - $500
Best Buy Store card - $500
Zero balances on all cards. PIF each month...

How old is your credit history & what's the AAoA?

If you have a history with your bank, that might be a good place to start. That's where I got my first decent card after my repair journey began.

Re: Which card should I apply for or should I wait?

Anonymous — Mon, 20 Jul 2009 16:55:32 GMT

@BungalowMo wrote:
@Anonymous wrote:
I would like to get a decent CC with a CL of at least $2k... Below is my current info... I have very low inquiries for each CRC.

FICO --- TU (692) EQ (669)
1 unpaid Judgment on both reports (except EX) from '04
4 paid chargeoffs from '05

Current CC's

Orchard - $545
Hooters - $945
Capital One - $1750 (2 accounts combined)
Direct Rewards - $300
Bloomingdales - $500
Best Buy Store card - $500
Zero balances on all cards. PIF each month...
How old is your credit history & what's the AAoA?

If you have a history with your bank, that might be a good place to start. That's where I got my first decent card after my repair journey began.

Thanks for your reply! My credit history is 8 years, 2 paid off car loans (as cosigner) and 1 current auto lease (never late). My problem is that I messed up 5-6 years ago

I currently bank with Chase, but recently opened up a new account with a smaller bank offering 4.25% on checking (no fee). So my relationshp is quite new.

Re: Which card should I apply for or should I wait?

BungalowMo — Mon, 20 Jul 2009 17:06:40 GMT

@Anonymous wrote:
Thanks for your reply! My credit history is 8 years, 2 paid off car loans (as cosigner) and 1 current auto lease (never late). My problem is that I messed up 5-6 years ago

I currently bank with Chase, but recently opened up a new account with a smaller bank offering 4.25% on checking (no fee). So my relationshp is quite new.

Just curious...who's your new bank? Local or National sized?

Well...maybe go in to your bank (chase...with the longer history) & ask them what you can get. If you havevery few inq, one shouldn't knock you back. I took a hit on EQ with chase the other day, but I already had 2 on EQ this year...

Even if you lose a couple points, a new TL will be good. Little dip down, then UP UP UP!\

**Oh, and for goodness sake...don't feel bad about messing up a few years ago! We all did! That's why we're here!!!

Message Edited by BungalowMo on 07-20-2009 01:06 PM

Re: Which card should I apply for or should I wait?

Anonymous — Mon, 20 Jul 2009 17:12:49 GMT

@BungalowMo wrote:
@Anonymous wrote:
Thanks for your reply! My credit history is 8 years, 2 paid off car loans (as cosigner) and 1 current auto lease (never late). My problem is that I messed up 5-6 years ago

I currently bank with Chase, but recently opened up a new account with a smaller bank offering 4.25% on checking (no fee). So my relationshp is quite new.
Just curious...who's your new bank? Local or National sized?

Well...maybe go in to your bank (chase...with the longer history) & ask them what you can get. If you havevery few inq, one shouldn't knock you back. I took a hit on EQ with chase the other day, but I already had 2 on EQ this year...

Even if you lose a couple points, a new TL will be good. Little dip down, then UP UP UP!\

**Oh, and for goodness sake...don't feel bad about messing up a few years ago! We all did! That's why we're here!!!
Message Edited by BungalowMo on 07-20-2009 01:06 PM

My new bank is local, Provident Bank of NJ...

Not a bad idea, I may just wander over to my local Chase branch tomorrow to see what they can do. Thanks!

Re: Which card should I apply for or should I wait?

BungalowMo — Mon, 20 Jul 2009 17:26:45 GMT

Check your pm's

Re: Which card should I apply for or should I wait?

GomerPyle — Tue, 21 Jul 2009 00:36:00 GMT

@BungalowMo wrote:

**Oh, and for goodness sake...don't feel bad about messing up a few years ago! We all did! That's why we're here!!!
Message Edited by BungalowMo on 07-20-2009 01:06 PM

I am here and I have never messed up.

Re: Which card should I apply for or should I wait?

BungalowMo — Tue, 21 Jul 2009 00:50:07 GMT

@GomerPyle wrote:
@BungalowMo wrote:

**Oh, and for goodness sake...don't feel bad about messing up a few years ago! We all did! That's why we're here!!!
Message Edited by BungalowMo on 07-20-2009 01:06 PM
I am here and I have never messed up.

Sure....one bad apple...... JK

Re: Which card should I apply for or should I wait?

Anonymous — Tue, 21 Jul 2009 02:16:21 GMT

@Anonymous wrote:
I would like to get a decent CC with a CL of at least $2k... Below is my current info... I have very low inquiries for each CRC.

FICO --- TU (692) EQ (669)
1 unpaid Judgment on both reports (except EX) from '04
4 paid chargeoffs from '05

Current CC's

Orchard - $545
Hooters - $945
Capital One - $1750 (2 accounts combined)
Direct Rewards - $300
Bloomingdales - $500
Best Buy Store card - $500
Zero balances on all cards. PIF each month...

Somehow I don't see Chase buying off on this, but they might. Is it worth a hard INQ to find out. You could get a lowish CL and then be faced with another hard INQ for a CLI later. Have you tried the BofA pre-app site yet? That might work. You could get some info without getting harded.

Re: Which card should I apply for or should I wait?

smallfry — Tue, 21 Jul 2009 03:08:23 GMT

I wouldn't waste an inquiry on Chase with that many negatives on your reports. BofA in this climate might be tough too. I would wait see what you can do to goodwill that stuff off of your reports.