App'ing for Lowes UPDATE! APPROVED FOR $2K

[Slim1Der]

I will be doing an app for a Loews card today or tomorrow. My scores are low to mid 700's and my UTI is at 24% across all of my cards. Whatever they give me (if I'm approved), I will be calling the backdoor number and asking for $50k based on the information I saw here. Wish me luck. 

BTW, my report will show that I recently bought a home reporting since March. I will tell them that I need major renovations to explain why I need that much. 

Any tips would be appreciated. 

UPDATE, -  after being approved for the $2k, I called the back door number and asked for $50k and was countered with $17k. 

[asphaltcowboy]

You don't have to tell them anything, they will ask for your gross net income and how much you want,

they will put you on hold and they will either approve or counter or give ya a no go, good luck

[Anonymous]

I am going to be the bad guy here.. Looking at the limits on your card as I see your highest limit is on the NFCU card, you will get approved but you will not be getting a 50k lowes card. The credit line is determine by the limits on all cards, scores etc..

You have a very good reason as to why you want it so I will keep fingers crossed for you.  Report back with results..

[Anonymous]

Your scores are good. Hard to say. Just go for it. Call backdoor number if you dont get the CL you want. Good luck

[Anonymous]

Good luck! And I think you stand a good chance at 25k or 35k on recon - home improvements cost a lot of money 

[ceejx]

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@Anonymous wrote:

I am going to be the bad guy here.. Looking at the limits on your card as I see your highest limit is on the NFCU card, you will get approved but you will not be getting a 50k lowes card. The credit line is determine by the limits on all cards, scores etc..

You have a very good reason as to why you want it so I will keep fingers crossed for you.  Report back with results..

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My highest card was a 17,500 NFCU card, and when I called them for a CLI, I was given $25k (from a $2,500 limit) when I asked for it, $7,500 more than NFCU. Now this was an established account, so it might differ from a new account, and $50k is quite high, but it's possible.

[Slim1Der]

The application is asking for Annual NET income. This is a first for me. Last year I made $165. What do I put?

[Anonymous]

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@Slim1Der wrote:

The application is asking for Annual NET income. This is a first for me. Last year I made $165. What do I put?

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$165? or $165k? I would only put what you can prove in case they ask for proof of income. I don't know if Lowes would do that though.

[Slim1Der]

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@Anonymous wrote:

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@Slim1Der wrote:

The application is asking for Annual NET income. This is a first for me. Last year I made $165. What do I put?

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$165? or $165k? I would only put what you can prove in case they ask for proof of income. I don't know if Lowes would do that though.

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$165k 

But I always have been asked for GROSS income. I can prove last years income and show that I'm tracking $150k this year.

[Anonymous]

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@Slim1Der wrote:

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@Anonymous wrote:

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@Slim1Der wrote:

The application is asking for Annual NET income. This is a first for me. Last year I made $165. What do I put?

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$165? or $165k? I would only put what you can prove in case they ask for proof of income. I don't know if Lowes would do that though.

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$165k 

But I always have been asked for GROSS income. I can prove last years income and show that I'm tracking $150k this year.

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Ah, I missed the net part. I've never seen net income asked, so i dont know. sorry.