topic Re: PFD's Finally Updated! in Credit Cards

Not sure if its worth waiting

Anonymous — Wed, 19 Mar 2014 22:08:45 GMT

Hey guys-

I have finally negotiated with my last CA and they agreed to PFD! It still hasnt shown as updated however on my Credit Report.

I am ready to apply for a credit card with EQ: 633 and EX: 676 however, and am not sure if I should just wait to see if the PFD bumps up my credit score beforehand?

The debt was from '08 so not sure if the deletion of the account will make that much of a difference in my Credit Score.

I was given the PFD earlier in the month and waiting for the update has been killing me! i paid in early February and the CA said they requested deletion in the beginning of March.

Is it worth it to wait a few more weeks to see if my score increases? What card do you recommend?

Thank you!

Re: Not sure if its worth waiting

Creditaddict — Wed, 19 Mar 2014 22:11:22 GMT

@Anonymous wrote:
Hey guys-

I have finally negotiated with my last CA and they agreed to PFD! It still hasnt shown as updated however on my Credit Report.

I am ready to apply for a credit card with EQ: 633 and EX: 676 however, and am not sure if I should just wait to see if the PFD bumps up my credit score beforehand?
The debt was from '08 so not sure if the deletion of the account will make that much of a difference in my Credit Score.

I was given the PFD earlier in the month and waiting for the update has been killing me! i paid in early February and the CA said they requested deletion in the beginning of March.

Is it worth it to wait a few more weeks to see if my score increases? What card do you recommend?

Thank you!

yes wait!

if you have the letter you could send in the request to delete yourself.

Re: Not sure if its worth waiting

-Wade- — Wed, 19 Mar 2014 22:15:16 GMT

@Anonymous wrote:
Hey guys-

I have finally negotiated with my last CA and they agreed to PFD! It still hasnt shown as updated however on my Credit Report.

I am ready to apply for a credit card with EQ: 633 and EX: 676 however, and am not sure if I should just wait to see if the PFD bumps up my credit score beforehand?
The debt was from '08 so not sure if the deletion of the account will make that much of a difference in my Credit Score.

I was given the PFD earlier in the month and waiting for the update has been killing me! i paid in early February and the CA said they requested deletion in the beginning of March.

Is it worth it to wait a few more weeks to see if my score increases? What card do you recommend?

Thank you!

The removal of the CA will raise your score A friend of mine had a PFD and disputedit with the CB's and got it removed from her credit report. Yes Wait until it's off your reports.

Re: Not sure if its worth waiting

eagle2013 — Wed, 19 Mar 2014 22:31:41 GMT

Your score is very borderline, if not lower for most approvals from prime lenders. I think your score will go up, particularly since it is an unpaid collection. Do you have the PFD letter. ONLY if you have the PDF letter; since it is technically reporting inaccurately, you can dispute with with the credit bureaus and it perhaps may update quicker. This was my experience with Cap 1, but they were the OC.

Re: Not sure if its worth waiting

Anonymous — Wed, 19 Mar 2014 22:41:31 GMT

Wait because it'll make a difference. Is there a rush to app now?

Re: Not sure if its worth waiting

-NewGuy- — Wed, 19 Mar 2014 22:47:07 GMT

You ABSOLUTELY should wait. My last CA was from six years ago when PFD'd, and my score still went up over 60 points. Call the CA and ask them to send an e-oscar deletion since it hasn't come off yet. Whatever route for removal you take, waiting is the best course of action.

Re: Not sure if its worth waiting

Anonymous — Wed, 19 Mar 2014 22:47:45 GMT

I do have the PFD letter. I can submit for dispute but didnt know if I should wait to see what happens in the next 2 weeks or so, since the CA said they remitted the letter to delete on March 3rd.

I do unfortunately have a bit of urgency for the card (unexpected auto problems) but havent applied for any new credit in 2 years so i didnt know if it was worth a shot to apply now.

Re: Not sure if its worth waiting

-NewGuy- — Wed, 19 Mar 2014 23:05:04 GMT

@Anonymous wrote:
I do have the PFD letter. I can submit for dispute but didnt know if I should wait to see what happens in the next 2 weeks or so, since the CA said they remitted the letter to delete on March 3rd.

I do unfortunately have a bit of urgency for the card (unexpected auto problems) but havent applied for any new credit in 2 years so i didnt know if it was worth a shot to apply now.

If at all possible, wait. Your odds shuold improve a lot. I would put all effort into getting the CA or the CRA to remove ASAP. Contact both if you need to.

Re: Not sure if its worth waiting

Anonymous — Thu, 20 Mar 2014 00:12:23 GMT

Thanks guys!

As luck would have it, all of my PFD's updated

Here are my new scores as of today:

Experian: 688 Equifax: 684 Transunion: 697

What credit card would you guys recommend to get highest CL and good rewards?

PFD's Finally Updated!

Anonymous — Thu, 20 Mar 2014 00:14:15 GMT

Thanks guys!

As luck would have it, my 3 PFD's updated

Here are my new scores as of today:

Experian: 688 Equifax: 684 Transunion: 697

What credit card would you guys recommend?

I havent applied for credit in over 2 years. I'm not sure if I should go on a 'spree' to get more than one, or if I should just try for one and only take the 1 Hard Pull.

Advice?

I have no other credit cards except I am an authorized user on an Amex with 18k limit (but I dont use that card)

I would like this new card to be the one I use for daily expenses.

Re: Not sure if its worth waiting

B335is — Thu, 20 Mar 2014 00:21:13 GMT

Good job waiting, you got a nice bump especially on EQ!

What cards do you have now and what rewards are you looking for? If you don't have many cards and none over $5k I would try either Discover pre-approval or CU.

Re: PFD's Finally Updated!

eagle2013 — Thu, 20 Mar 2014 00:21:46 GMT

@Anonymous wrote:
Thanks guys!

As luck would have it, my 3 PFD's updated
Here are my new scores as of today:

Experian: 688 Equifax: 684 Transunion: 697

What credit card would you guys recommend?
I havent applied for credit in over 2 years. I'm not sure if I should go on a 'spree' to get more than one, or if I should just try for one and only take the 1 Hard Pull.
Advice?

I have no other credit cards except I am an authorized user on an Amex with 18k limit (but I dont use that card)
I would like this new card to be the one I use for daily expenses.

Congrats on the PFD! Wow that was fast!

The downside is I don't think you'll be successful at a spree without at least one year of prior credit card history. Definitley with Chase it is a no go. What other tradelines do you have (auto, student, etc.)? Perhaps other more experienced myfico-ers can chime in to help.

Re: Not sure if its worth waiting

Anonymous — Thu, 20 Mar 2014 00:23:58 GMT

Thanks so much its been years in the making- during my first years of college i dug myself in a hole.

I currently have no open credit cards, except i am an authorized user on an Amex with an 18k CL on it that I dont use, it currenty carries a 1500$ balance, so my Credit Utilization is at about 5%.

I would like a card that I can use for my daily expenses.

Re: PFD's Finally Updated!

-Wade- — Thu, 20 Mar 2014 00:30:45 GMT

@Anonymous wrote:
Thanks guys!

As luck would have it, my 3 PFD's updated
Here are my new scores as of today:

Experian: 688 Equifax: 684 Transunion: 697

What credit card would you guys recommend?
I havent applied for credit in over 2 years. I'm not sure if I should go on a 'spree' to get more than one, or if I should just try for one and only take the 1 Hard Pull.
Advice?

I have no other credit cards except I am an authorized user on an Amex with 18k limit (but I dont use that card)
I would like this new card to be the one I use for daily expenses.

Congrats on your PFD update and your score Since your an AU on Amex, I would go for an AMEX Card to get the backdate

Re: Not sure if its worth waiting

B335is — Thu, 20 Mar 2014 00:29:51 GMT

I would check Discover and Amex websites for any pre-approvals. You can also try creditcards.com and select card match. Both are just soft pulls, but not a guarantee. I don't recall off the top of my head who counts AU for applications, but I do not think Chase does.

Re: PFD's Finally Updated!

Anonymous — Thu, 20 Mar 2014 00:30:47 GMT

Thank you! I actually had been nagging and praying and going crazy waiting for those to update since the end of Feb/beginning of March, then today I couldnt take it anymore and pulled all 3 scores and they were all gone!

My average age of credit is 4 yrs 6 months

I have a student loan that i owe 1600 on - have perfect payment history for lasat 4 years but had a few 30 day lates before that

A car loan with 7600 on it with Wells Fargo perfect payment history 3 years

I had a charge off 4 years ago with First Premier, but paid it off (set to fall of report in 1 year)

Re: PFD's Finally Updated!

-Wade- — Thu, 20 Mar 2014 00:34:27 GMT

@Anonymous wrote:
Thank you! I actually had been nagging and praying and going crazy waiting for those to update since the end of Feb/beginning of March, then today I couldnt take it anymore and pulled all 3 scores and they were all gone!

My average age of credit is 4 yrs 6 months
I have a student loan that i owe 1600 on - have perfect payment history for lasat 4 years but had a few 30 day lates before that
A car loan with 7600 on it with Wells Fargo perfect payment history 3 years
I had a charge off 4 years ago with First Premier, but paid it off (set to fall of report in 1 year)

Can you find a AMEX that you may use ???? You will get all the history of your AU account and it will not be a new account! They are coming out with a new card soon with no AF

Re: PFD's Finally Updated!

-Wade- — Thu, 20 Mar 2014 00:37:15 GMT

If you don't wany an Amex maybe the Discover it !!

Re: PFD's Finally Updated!

Anonymous — Thu, 20 Mar 2014 00:38:15 GMT

I dont mind an annual fee, I just dont know if my scores would qualify me for an amex?

I just went to their site to see if I was preapproved for anything and it said "there are no special offers for you at this time" but you may like.... Platinum/Gold/Blue.

I'm just so nervous to get a hard pull and not be approved

Re: PFD's Finally Updated!

Anonymous — Thu, 20 Mar 2014 00:41:03 GMT

Even if you were declined, at least you'll know the reasons why and use that as a road map. Best of luck!