topic Re: 20 years old... Current Status.... Whats Next? in Credit Cards

20 years old... Current Status.... Whats Next?

Anonymous — Sat, 21 Sep 2013 06:27:31 GMT

I am a 20 year old college student. Income around 17-20k.

Lots of Inquiries at this point. So looking to garden.

Cards at This Point:

Discover it - 1500

Chase Freedom - 500

American Express GOLD PR - NPSL

Gold Delta Sky Miles - 2000

My plan is to garden for about a year, and possibly get some auto CLI for my Discover and Chase. Also using and paying off my Amex cards to build a good relationship with Amex. I would say the goal after a year would be to obtain a nice revolver from Amex.... The BCP or BCE.

One Question though... Will a high amount of inquiries hurt my chances at a 3X CLI for my Delta Sky Miles. At the 61 day mark I plan to have spent around 4-5k with amex and have it all paid off. Will something like that possibly pick up the slack of my INQ's. I know american express is big on internal risk that they run though themselves.

Any comments or opinions are greatly appreciated.

THANK YOU, alot of my great start to credit can be attributed to this forum.

Re: 20 years old... Current Status.... Whats Next?

myjourney — Sat, 21 Sep 2013 06:32:18 GMT

@Anonymous wrote:
I am a 20 year old college student. Income around 17-20k.

Lots of Inquiries at this point. So looking to garden.

Cards at This Point:

Discover it - 1500

Chase Freedom - 500

American Express GOLD PR - NPSL

Gold Delta Sky Miles - 2000

My plan is to garden for about a year, and possibly get some auto CLI for my Discover and Chase. Also using and paying off my Amex cards to build a good relationship with Amex. I would say the goal after a year would be to obtain a nice revolver from Amex.... The BCP or BCE.

One Question though... Will a high amount of inquiries hurt my chances at a 3X CLI for my Delta Sky Miles. At the 61 day mark I plan to have spent around 4-5k with amex and have it all paid off. Will something like that possibly pick up the slack of my INQ's. I know american express is big on internal risk that they run though themselves.

Any comments or opinions are greatly appreciated.

THANK YOU, alot of my great start to credit can be attributed to this forum.

How high (INQ's)

Re: 20 years old... Current Status.... Whats Next?

Anonymous — Sat, 21 Sep 2013 07:27:29 GMT

Experian 5

Equifax 3

TU - 8

SCORES : EX: 717 EQ:726 TU: 589 ( very confused by this ) maybe the amount of INQ

Re: 20 years old... Current Status.... Whats Next?

azguy13 — Sat, 21 Sep 2013 07:29:37 GMT

@myjourney wrote:
@Anonymous wrote:
I am a 20 year old college student. Income around 17-20k.

Lots of Inquiries at this point. So looking to garden.

Cards at This Point:

Discover it - 1500

Chase Freedom - 500

American Express GOLD PR - NPSL

Gold Delta Sky Miles - 2000

My plan is to garden for about a year, and possibly get some auto CLI for my Discover and Chase. Also using and paying off my Amex cards to build a good relationship with Amex. I would say the goal after a year would be to obtain a nice revolver from Amex.... The BCP or BCE.

One Question though... Will a high amount of inquiries hurt my chances at a 3X CLI for my Delta Sky Miles. At the 61 day mark I plan to have spent around 4-5k with amex and have it all paid off. Will something like that possibly pick up the slack of my INQ's. I know american express is big on internal risk that they run though themselves.

Any comments or opinions are greatly appreciated.

THANK YOU, alot of my great start to credit can be attributed to this forum.
How high (INQ's)

Also, what type of INQs are they? If a few of them are for an auto loan and they were all within a 30 day period, it is only factored into your score and considered as 1 INQ.

Re: 20 years old... Current Status.... Whats Next?

09Lexie — Sat, 21 Sep 2013 07:33:40 GMT

Sorry but 8 inq's wouldn't drop your score by 150 points. Where did you get the CS? Have you checked your CR's to make sure everything is reporting correctly?

Re: 20 years old... Current Status.... Whats Next?

Anonymous — Sat, 21 Sep 2013 07:39:47 GMT

All credit cards... 1 pull for a new checking act.

And a QUESTION. I have 2 pulls from this business no clue what this is... if anyone knows awesome....

GECRB/PPEXTR	<-Name of the Company... have no idea...
	Inquiry Date	12/14/2011
	Business Type	Credit card and travel / entertainment companies

Re: 20 years old... Current Status.... Whats Next?

Networth — Sat, 21 Sep 2013 07:42:50 GMT

Thats GE Finanical, they handle many store cards (ie Walmart).

https://banking.gecrb.com

Re: 20 years old... Current Status.... Whats Next?

Anonymous — Sat, 21 Sep 2013 07:43:11 GMT

I used Experian.com to get the 3 credit scoress.

have a baddie on my TU in collections.... its 112 dollars to a gym membership... Got scammed to be honest. Was told I owed 40 and then when about to pay 40 wanted 112. I was just persistent in the fact I wasnt paying what I didnt owe. Maybe this is worth just paying off and getting taken off if possible.

Could this lead to a 150 pt drop....

AS WELL something i find very weird. All 3 of my credit scores list my home adress where I lived with parents. My Experian and Transunion list my apartment now I live in for school. But Equifax's 2nd adress is not or has ever been associated with me... is that something to be concerned about? Did someone use my identity?

Thanks guys

Re: 20 years old... Current Status.... Whats Next?

Anonymous — Sat, 21 Sep 2013 07:45:06 GMT

If i have never inq about any store cards is this a bad sign? The address and now this..... making me feel like someone is using my identity. But the hard pulls are not on the report showing that weird address. So maybe not

Re: 20 years old... Current Status.... Whats Next?

Anonymous — Sat, 21 Sep 2013 07:49:16 GMT

Nevermind guys. GE pulls for Paypal. Explains it. IF anyone can comment on the address that is my only issue. As well maybe you guys can point me in the direction of whats wrong with Transunion.

Re: 20 years old... Current Status.... Whats Next?

09Lexie — Sat, 21 Sep 2013 07:50:08 GMT

That's GECRB PayPal

Re: 20 years old... Current Status.... Whats Next?

09Lexie — Sat, 21 Sep 2013 07:53:13 GMT

Experian.com provides FAKO CS. Depending on how new the CA will depend on the damage to your CS. As far as addresses, update them with the CRAs so that they are consistent.

Re: 20 years old... Current Status.... Whats Next?

azguy13 — Sat, 21 Sep 2013 07:54:19 GMT

I would call the CRA and get that address removed. Granted, if there is no discrepencies on your CR that show identity theft, it is probably an honest mistake. I have found that identity thieves like to work fast.

If you are worried about it, you can always put a fraud alert on your CR and that way, whenever new credit is applied for, you will be notified and have to verify your identity. It can be a pain but it is well worth it if you feel your identity has been compromised.

Re: 20 years old... Current Status.... Whats Next?

Anonymous — Sat, 21 Sep 2013 07:54:54 GMT

So Experian.com three Bureau report has TU at 589. Credit Karma although I know is off says my score is derived from TU and they had me jumping up 19pts today to a 652.

Re: 20 years old... Current Status.... Whats Next?

09Lexie — Sat, 21 Sep 2013 08:02:31 GMT

CK is a FAKO too. If you want to buy your FICO scores,you can get them here. Keep in mind, the TU score might be lower because of the CA. IMO, wait until your addresses are corrected before buying your reports.

Have you tried writing a GW letter?

Re: 20 years old... Current Status.... Whats Next?

azguy13 — Sat, 21 Sep 2013 08:03:10 GMT

I don't put too much stock into the FAKO scores. I check one of my FICOs every other month or so. I would not focus so much on the score as I would the report itself. Take a look to see if one of your TLs is reporting incorrectly.

The largest difference I have seen in my FICO scores was a 50 point difference between EX and EQ with EX being the higher. It is not uncommon to have a point difference but that much of a difference is not right.

Re: 20 years old... Current Status.... Whats Next?

azguy13 — Sat, 21 Sep 2013 08:07:41 GMT

@09Lexie wrote:
CK is a FAKO too. If you want to buy your FICO scores,you can get them here. Keep in mind, the TU score might be lower because of the CA. IMO, wait until your addresses are corrected before buying your reports.

Have you tried writing a GW letter?
Very good advice. With MyFico's new system, there are a lot of reports being held up because of identity verification, even if it had worked before. It took my DW a few phone calls to get hers figured out. So, an incorrect address wont help, lol.

I have GW all my CA off my CR and it bumped my score from mid 600s to low 700s

Re: 20 years old... Current Status.... Whats Next?

Anonymous — Sat, 21 Sep 2013 15:47:56 GMT

I have a somewhat similar situation to you, with getting the Delta and PRG cards and pushing a lot of spend through them. I pushed $5k through Delta and $2k through PRG. I have more cards than you but none with a high CL (all $1.5k or less), about 3x your income at a similar age (22, just graduated this year), and more INQs. I got my 3x CLI on the Delta to 6k with no issue this past week.