topic Re: My app spree results... in Credit Cards

My app spree results...

racer-x — Wed, 09 Jan 2013 00:45:56 GMT

So, I paid down my utilization from 50% to 4% last month on about $20K of reporting CL's.

I had to wait nearly a month for the bureaus to be updated and my scores to go up because of the drastic drop in utilization. I knew it would be a big jump for EQ because that is my 'clean' report. TU/EX have (1) neg each, a paid collection.

My EQ went from 695 to 744 in a matter of 2 wks, and I pulled the trigger on Sunday.

In my wallet pre-spree:

Cap One /Suzuki - $15K CL, $726 bal

Cap One CC - $500 CL, $0 bal

Walmart - $700 CL, $0 bal

GECU VISA - $3500, $0 bal

US Bank LOC - $750, $0 bal

GE auto loan - $8200, $8200 bal

AAoA - 1yr. 2 mos.

Oldest account - 5yrs.

Income - $60K conservatively (closer to $80 with guaranteed OT and closer to $100K with my 401k contributions)

DTI - 6%

(1) HP on EQ only

Post app-spree:

DCU Platinum Visa - $10K CL, instant online (was told after talking to DCU that I qualify for a $25K auto loan and another $5K VISA)

US Bank Platinum VISA - $10K CL, (2) days later, automated approval via backdoor number)

DIscover IT - $1875 CL, instant online

Paypal Extras Mastercard - $1000 online app, had to call in

Lowes - $650 CL, instant online

DCU, US Bank, Discover pulled EQ only.

Paypal, Lowes pulled TU.

Nothing on EX as of yet.

Total current HP's :

(4) EQ

(2) TU

Had to provide a photocopy of I.D. for DCU and make a donation to one of their affiliated organizations to become a member of DCU, post application and approval.

No 2nd HP as of yet that many have referred to.

The last month or so has been verrrry stressful just from waiting for the CRA's to update. I feel like I've accomplished a major goal in my life. I always had credit, but with so many of us, life happened and things just go wrong. Alot of it my fault, alot of it not.

EQ has gone up 99 points in less than 4 months. 90% of it is because of this forum and the great info and advice that is sought and given.

Obviously I"m in the garden indefinitely. At least 1 yr. Next app will be for a mortgage on my new home!!!

Re: My app spree results...

Anonymous — Wed, 09 Jan 2013 00:48:42 GMT

Congrats, that is quite a haul!

Re: My app spree results...

creditnocash — Wed, 09 Jan 2013 00:50:12 GMT

congrats on the cards!

off too the garden!

im in there as well until at least past july!

Apparently according to amex my installment loan is too much of a risk to lend me anything else.. pshhh.

Re: My app spree results...

lylesvegas — Wed, 09 Jan 2013 00:52:44 GMT

I love app spree's that end well!!!!!

Re: My app spree results...

rtw — Wed, 09 Jan 2013 00:54:16 GMT

Congrats! I always love to hear about the journey. It makes the success more gratifying.

Re: My app spree results...

Epcot — Wed, 09 Jan 2013 01:19:36 GMT

That's a nice spree there, Congrats!

Re: My app spree results...

ObeyJohnny12 — Wed, 09 Jan 2013 01:26:26 GMT

Wow. Congrats on your recent approvals. It's the best feeling having approvals after approvals. Keep up the great job!

Re: My app spree results...

nicholasyud — Wed, 09 Jan 2013 01:30:11 GMT

You did even better than me...with my app spree in Nov.

Congrat......

Re: My app spree results...

Anonymous — Wed, 09 Jan 2013 15:57:38 GMT

Congrats! I long for the day I get over 2000 instant approvals..this low limit stuff isn't cutting it.. But that's why I'm gardening waiting for inq's to fall off and growing credit cards I have now.

Re: My app spree results...

Anonymous — Wed, 09 Jan 2013 16:00:49 GMT

Nice score jump and wonderful approvals -- congrats!

Re: My app spree results...

09Lexie — Wed, 09 Jan 2013 19:23:37 GMT

Yeah!

Re: My app spree results...

racer-x — Thu, 10 Jan 2013 00:43:04 GMT

Thanks everybody...I feel relieved and content in a sense. As if I finally 'made it back' to where I once was, albeit 15 yrs. ago.

EQ dipped 8 pts once the inquiries hit but today they rebounded +9, which gives me a 745. (1) point higher before my app-spree. Thought for sure I'd take a bit of a hit and stay there for a while

I wonder when AAoA will go into effect. This will most likely put me under 6 mos.

Thanks again.

Oh, got the Discover IT today. Overnighted FEDEX style. Activation was easy as can be and very friendly CS.

DCU approved my membership as well.