topic Re: sRe: Fear of hitting the submit button in Credit Cards

Fear of hitting the submit button

Anonymous — Wed, 02 Feb 2011 00:36:24 GMT

I will fill out the application for the credit card but never hit the submit button. I end up canceling the app

sRe: Fear of hitting the submit button

clocktick — Wed, 02 Feb 2011 00:43:03 GMT

Haha, I've done that many times. I guess it makes you really think twice of how much you want the card and if it's worth the inquiry if denied. What are you thinking of getting? What are your doubts?

Re: Fear of hitting the submit button

Anonymous — Wed, 02 Feb 2011 00:42:29 GMT

Do you NEED a new card? If not, you're doing the right thing.

Re: sRe: Fear of hitting the submit button

Anonymous — Wed, 02 Feb 2011 00:47:03 GMT

I received several pre-approvals lately and one was the discover more card. My fear is I have a BK from 10/03.

I do not have any baddies on my report but the only cards I have are 2-1/2 yr capital one with 0 balance(stuck at $750 limit) and a barkleys with $2300 limit.

I have 1 inquiry in the last year but fear of being denied due to bk and having a ding for the app.

Re: sRe: Fear of hitting the submit button

clocktick — Wed, 02 Feb 2011 00:49:14 GMT

When does the BK fall off? Is it on all 3 reports? Discover usually pulls EQ. I'm not sure whether or not they approve with BKs. I'd do a search on that.

Re: Fear of hitting the submit button

Anonymous — Wed, 02 Feb 2011 00:49:19 GMT

I need one for the utilization. I would like to get a higher limit to try and increase my score.

The BK does not show on TU but does on EQ and EX.

No baddies other than that major BK from 03.

Re: Fear of hitting the submit button

Anonymous — Wed, 02 Feb 2011 00:51:21 GMT

Do you know your scores?

Re: Fear of hitting the submit button

JayRizzo — Wed, 02 Feb 2011 00:57:45 GMT

Sorry for asking this, but is there "anything" else you can do for your report rather than get another card as a way of increasing utilization? Are the other accounts paid to zero? Something, anything? Another question is... are you planning to make a large purchase soon? Car or house where you NEED a higher score? (I'm trying to talk you down from the ledge... been there, done that). It's really hard to get that monkey off your back, but you're doing the right thing by listening to that voice and cancelling at the last minute. Do you "REALLY" need it?

Re: Fear of hitting the submit button

Anonymous — Wed, 02 Feb 2011 00:58:51 GMT

EQ is 699 as of Jan 19th

TU is 770 as of Dec.

Ex unknown.

Both cards are $0 balance right now. I charge and pay in full.

Re: Fear of hitting the submit button

Anonymous — Wed, 02 Feb 2011 01:05:47 GMT

@Anonymous wrote:
EQ is 699 as of Jan 19th
TU is 770 as of Dec.
Ex unknown.

Both cards are $0 balance right now. I charge and pay in full.

Then a new card will not improve or impact your utilization. It will cost you an inquiry (if you apply) and decrease your AAofA (if you're approved), both can potentially result in a FICO score decrease.

If you let a small balance report on one, that usually keeps FICO happier than both balances always reporting zero.

What is your goal? (Sorry if I missed that).

Re: Fear of hitting the submit button

Anonymous — Wed, 02 Feb 2011 01:09:16 GMT

Good info thank you. My goal is to make it to 750 or higher on all 3 reports. I figure if I have it on EQ and TU then my EX should be around the same.

All the credit reports look the same except the TU not reporting the BK.

In about 6 months I want to purchase a new car and want to try and get the best rate.

Re: Fear of hitting the submit button

smc733 — Wed, 02 Feb 2011 01:37:12 GMT

Hold off until after the BK drops and the car loan is started. Then you can get a really nice Visa/MC with a generous limit with good terms/rewards.

Re: Fear of hitting the submit button

Anonymous — Wed, 02 Feb 2011 01:44:25 GMT

See! That was your good twin that kept cancelling the app!!

A very good soul to listen to in credit matters.

Re: Fear of hitting the submit button

Anonymous — Wed, 02 Feb 2011 01:53:49 GMT

Thanks everyone. I will hold off for awhile.

Re: Fear of hitting the submit button

BungalowMo — Wed, 02 Feb 2011 14:46:54 GMT

@Anonymous wrote:
I need one for the utilization. I would like to get a higher limit to try and increase my score.
The BK does not show on TU but does on EQ and EX.
No baddies other than that major BK from 03.

With the bk not showing on TU & that 770 score....if you really want a card, with good limits & a good rate, go for the Nationwide Visa. My TU was MUCH lower, I still had baddies & I had about a 30% util & they gave me 10k.

Type them in the search box & read some recent threads about them.

Re: Fear of hitting the submit button

haulingthescoreup — Wed, 02 Feb 2011 14:56:10 GMT

Wait until the BK falls off, and there's an excellent chance that all three of your scores will be above 750 just from that.

After all, your TU is 71 points higher than your EQ. Is the BK the only significant difference between the reports? If so, waiting will be the best thing that you can do.

Once it's gone, re-evaluate.

btw, many people find that BK's come off a month or two early. Perhaps the credit bureaus do this to avoid accidentally reporting too long and violating the FCRA.

Re: Fear of hitting the submit button

Anonymous — Thu, 03 Feb 2011 21:00:47 GMT

In my experience, Discover pulls TU more often than not.

So.... don't want to be a bad influence, but......

What state are you in? That might help, check whogavemecredit to decide if its worth the risk.

Re: Fear of hitting the submit button

smc733 — Thu, 03 Feb 2011 21:07:20 GMT

Discover pulled TU for me in NJ 5 days ago.