topic Re: I gained 27 points!!!!!!!!!!! in Credit Cards

I gained 27 points!!!!!!!!!!!

favor4me2 — Fri, 14 Aug 2009 14:11:49 GMT

Thanks to Alliant CU I was able to get a unsecured loan and pay off my CC's. Everything has posted a 0 bal except Orchard and we all know it won't post until the end of the month but I have gained 27 points with everything else posting right away. This is with three new accounts and 1 inq posting to Equ. at the same time. I also left a small bal on one of my other cards $46. This brings my util to 12% until Orchard post then it will be less than 1%. Oh I asked a Cap 1 rep that denied me a Cli if it was ok to leave my accouts at a 0 bal by pif every month and not have my account closed he said yes, so I asked him how would they get paid, he said they get paid everytime we use the card from the merchant even if we pif, that's why they close the card for non-use.

Re: I gained 27 points!!!!!!!!!!!

pattycake — Fri, 14 Aug 2009 14:15:21 GMT

Yay!!! WTG!!!

Re: I gained 27 points!!!!!!!!!!!

Itsmeagain — Fri, 14 Aug 2009 15:00:19 GMT

What was the interest rate for your loan with Alliant? 11%?

Re: I gained 27 points!!!!!!!!!!!

Anonymous — Fri, 14 Aug 2009 16:03:03 GMT

Very nice!

This is why I constantly advise folks to move debt from revolving to installment and not the other way around!

Re: I gained 27 points!!!!!!!!!!!

BungalowMo — Fri, 14 Aug 2009 16:45:28 GMT

That's cool!!!! Congrats!!~

So...how long had you been with them before you req the loan?

How much borrowed?

Rate?

*can you see where this is going???? hehe

Re: I gained 27 points!!!!!!!!!!!

favor4me2 — Fri, 14 Aug 2009 22:50:53 GMT

13.6% because my scores was only 680. However that is still lower than most of my cc's. He told me I can redo the loan in 6 months if I want the 11%.

Re: I gained 27 points!!!!!!!!!!!

favor4me2 — Fri, 14 Aug 2009 22:58:24 GMT

Hi Bungalow, I signed up for the savings account in July and when they opened it I called and asked for a unsecured loan of 5k the next week so they could use the same report. The rate is 13.6% I only had 5k in cc debt. In 6 more months the lo said I could call back and request their cc because I will have established a relationship with them, they couldn't do both at the same time. I have since opened a checking account also with the same report.

Message Edited by favor4me2 on 08-14-2009 03:58 PM

Re: I gained 27 points!!!!!!!!!!!

Anonymous — Sat, 15 Aug 2009 01:55:41 GMT

Good call...Good move