topic for the Re: Getting Approevd After Closing on House in Credit Cards

Getting Approevd After Closing on House

Anonymous — Sun, 27 Jul 2014 23:34:40 GMT

My wife and I will be closing on our new house in the next few days, and I'd like to apply for two or three credit cards to help furnish the house. With all available cash going to the down payment, I was thinking about applying for a Home Depot, Lowe's or Conn's card for applicances, as well as a Haverty's card for furniture. I already have a FNB Omaha Platiunum with $2400 limit. I spoke with a rep last week about a CLI and was told I qualified for $2000 increase, which I will gladly take once we close on the house.

What kind of limits could i expect to get if my mortgage lender scores are:

TU 663

EQ 636 (MyFico has this score at 658)

EX 636

Note: I have quite a few inquiries from the mortgage lender on my credit report. Not sure how that impacts me when it comes to getting a credit card.

Thanks in advance for your advice.

Re: Getting Approevd After Closing on House

-Wade- — Mon, 28 Jul 2014 00:11:06 GMT

@Anonymous wrote:
My wife and I will be closing on our new house in the next few days, and I'd like to apply for two or three credit cards to help furnish the house. With all available cash going to the down payment, I was thinking about applying for a Home Depot, Lowe's or Conn's card for applicances, as well as a Haverty's card for furniture. I already have a FNB Omaha Platiunum with $2400 limit. I spoke with a rep last week about a CLI and was told I qualified for $2000 increase, which I will gladly take once we close on the house.

What kind of limits could i expect to get if my mortgage lender scores are:

TU 663
EQ 636 (MyFico has this score at 658)
EX 636

Note: I have quite a few inquiries from the mortgage lender on my credit report. Not sure how that impacts me when it comes to getting a credit card.

Thanks in advance for your advice.

If i was you i would wait untill my scores got into the 700's min.

for the Re: Getting Approevd After Closing on House

Anonymous — Mon, 28 Jul 2014 00:35:56 GMT

Does anyone know which scoring models the credit card companies use? The MyFico scores were pretty far off vs. the mortgage lender scores. For example, the EX score pulled by the lender was 23 points lower than what MyFico has; the TU was highest (lowest on MyFico); EX tied for lowest (highest on MyFico).

Re: Getting Approevd After Closing on House

Anonymous — Mon, 28 Jul 2014 00:51:30 GMT

I just checked my Fico scores:

EX 691

TU 672

EQ 658

Are these scores closer to what the credit card companies will pull?

Re: Getting Approevd After Closing on House

-Wade- — Mon, 28 Jul 2014 00:54:35 GMT

@Anonymous wrote:
I just checked my Fico scores:

EX 691
TU 672
EQ 658

Are these scores closer to what the credit card companies will pull?

Yes they are pretty close