topic Re: JUST CLOSED!!!! Now what Cards in Credit Cards

JUST CLOSED!!!! Now what Cards

Anonymous — Thu, 30 May 2013 13:59:42 GMT

ok just closed Yesterday in ohio on my home loan. My equifax fico is 644 and transunion fico 661. I was wanting to apply for the chase freedom and a lowes card. do u think i should right now??? what are my chances?? i have a capital one cash rewards and a orchard card utilization is 27% thanks

Re: JUST CLOSED!!!! Now what Cards

myjourney — Thu, 30 May 2013 14:04:16 GMT

@Anonymous wrote:
ok just closed Yesterday in ohio on my home loan. My equifax fico is 644 and transunion fico 661. I was wanting to apply for the chase freedom and a lowes card. do u think i should right now??? what are my chances?? i have a capital one cash rewards and a orchard card utilization is 27% thanks

Congrats on the new home Yay

UTL is a little high if you can pay it down to 10% I think you should be good for both before home reports on CR

Re: JUST CLOSED!!!! Now what Cards

Anonymous — Thu, 30 May 2013 20:19:03 GMT

bump

Re: JUST CLOSED!!!! Now what Cards

austinguy907 — Thu, 30 May 2013 20:41:13 GMT

pay them down and let your score go up. your mortgage probably won't report for 2-6 months either.

Re: JUST CLOSED!!!! Now what Cards

Cheryla18 — Thu, 30 May 2013 22:43:31 GMT

@myjourney wrote:
@Anonymous wrote:
ok just closed Yesterday in ohio on my home loan. My equifax fico is 644 and transunion fico 661. I was wanting to apply for the chase freedom and a lowes card. do u think i should right now??? what are my chances?? i have a capital one cash rewards and a orchard card utilization is 27% thanks
Congrats on the new home Yay
UTL is a little high if you can pay it down to 10% I think you should be good for both before home reports on CR

How does the Home Loan affect the credit when it hits?

Re: JUST CLOSED!!!! Now what Cards

Anonymous — Sat, 01 Jun 2013 18:05:44 GMT

well i applied for the freedom and was approved for 2000!!! Applied for the discover IT and was approved for 1000! applied for the lowes card and was approved for 300.00 boo. thanks guy and gals for all you help!!

Re: JUST CLOSED!!!! Now what Cards

myjourney — Sat, 01 Jun 2013 18:14:39 GMT

@Anonymous wrote:
well i applied for the freedom and was approved for 2000!!! Applied for the discover IT and was approved for 1000! applied for the lowes card and was approved for 300.00 boo. thanks guy and gals for all you help!!

Congrats again

Re: JUST CLOSED!!!! Now what Cards

myjourney — Sat, 01 Jun 2013 18:16:28 GMT

@Cheryla18 wrote:
@myjourney wrote:
@Anonymous wrote:
ok just closed Yesterday in ohio on my home loan. My equifax fico is 644 and transunion fico 661. I was wanting to apply for the chase freedom and a lowes card. do u think i should right now??? what are my chances?? i have a capital one cash rewards and a orchard card utilization is 27% thanks
Congrats on the new home Yay
UTL is a little high if you can pay it down to 10% I think you should be good for both before home reports on CR
How does the Home Loan affect the credit when it hits?

Some scores climb after it hits some drop of course YMMV

Re: JUST CLOSED!!!! Now what Cards

Revelate — Sat, 01 Jun 2013 19:59:41 GMT

@myjourney wrote:
@Cheryla18 wrote:
@myjourney wrote:
@Anonymous wrote:
ok just closed Yesterday in ohio on my home loan. My equifax fico is 644 and transunion fico 661. I was wanting to apply for the chase freedom and a lowes card. do u think i should right now??? what are my chances?? i have a capital one cash rewards and a orchard card utilization is 27% thanks
Congrats on the new home Yay
UTL is a little high if you can pay it down to 10% I think you should be good for both before home reports on CR
How does the Home Loan affect the credit when it hits?
Some scores climb after it hits some drop of course YMMV

To expand on this a litte; if someone doesn't have much (call it less than 2 tradelines) installment history on their credit report, a mortgage may provide a boost to one's FICO even though it's a new account based on the mix-of-credit function.

In my case, where I have a personal loan, and two auto loan tradelines, one won't get that benefit; at best in my case it'll be neutral to my score (I have plenty of installment loans on file now, and my AAoA is so short it's irrelevant); however, I'll take a hit for the inquiries at that point with my own theoretical mortgage.

Re: JUST CLOSED!!!! Now what Cards

youngandcreditwrthy — Sat, 01 Jun 2013 23:54:59 GMT

Call GE Credit Solutions to get the Lowe's CLI'ed!!
Ask for $5k cl; don't be shy!

Report back!
Call 18773794936

It's just a sp on Transunion.

Gecrb is da bomb!😌

Re: JUST CLOSED!!!! Now what Cards

Anonymous — Sun, 02 Jun 2013 00:01:11 GMT

@Cheryla18 wrote:
@myjourney wrote:
@Anonymous wrote:
ok just closed Yesterday in ohio on my home loan. My equifax fico is 644 and transunion fico 661. I was wanting to apply for the chase freedom and a lowes card. do u think i should right now??? what are my chances?? i have a capital one cash rewards and a orchard card utilization is 27% thanks
Congrats on the new home Yay
UTL is a little high if you can pay it down to 10% I think you should be good for both before home reports on CR
How does the Home Loan affect the credit when it hits?

Your DTI jumps too. Could cause issues depending on your other reporting monthly payments because banks don't like DTI reaching a certain threshhold.