@Anonymous wrote:I appreciate the encouragement to garden without the final app. Let me explain where my head is at.
Part of my rebuilding goal was to secure 60K in available credit and raise my scores to a minimum of 700 across the board. I plan on consolidating my Cap 1 cards and would like to replace it with another card to secure the 60k. I have 1 final medical collection coming off this month on Transunion and a tax lien that is being removed in the next 30 days of all 3 CRA's = clean reports. I wasnt sure how likely it would be to acheive both goals in a 6 month period when I started, but I am absolutely within striking distance of both goals.
Overall I am at 2% utlization and DTI of 5% at this time.
The last couple of years I dealt primarily with cash. I just rebounded from some fairly rough financial challenges. Not because I wasnt managing credit well, but because my business went through a very trying period without any real personal or business credit established. Through that period I learned that when you really need credit is when everyone seems to be hesitant to give it to you. Had I had access to the credit I needed at that time, in addition to my cash reserves, I can confidently say my journey would have been a lot less rocky. Im going to be prepared next time if something were to happen.
Ive got room for 1 more approval. I can feel it! So, any suggestions for my final app?
Why not wait until these baddies fall off as your score would likely rise and thus better approval rates or APR w/ clean reports
Also no one can be sure of a SL you will get...Good Luck on your app.
@9CLINE wrote:
@Anonymous wrote:I appreciate the encouragement to garden without the final app. Let me explain where my head is at.
Part of my rebuilding goal was to secure 60K in available credit and raise my scores to a minimum of 700 across the board. I plan on consolidating my Cap 1 cards and would like to replace it with another card to secure the 60k. I have 1 final medical collection coming off this month on Transunion and a tax lien that is being removed in the next 30 days of all 3 CRA's = clean reports. I wasnt sure how likely it would be to acheive both goals in a 6 month period when I started, but I am absolutely within striking distance of both goals.
Overall I am at 2% utlization and DTI of 5% at this time.
The last couple of years I dealt primarily with cash. I just rebounded from some fairly rough financial challenges. Not because I wasnt managing credit well, but because my business went through a very trying period without any real personal or business credit established. Through that period I learned that when you really need credit is when everyone seems to be hesitant to give it to you. Had I had access to the credit I needed at that time, in addition to my cash reserves, I can confidently say my journey would have been a lot less rocky. Im going to be prepared next time if something were to happen.
Ive got room for 1 more approval. I can feel it! So, any suggestions for my final app?
Why not wait until these baddies fall off as your score would likely rise and thus better approval rates or APR w/ clean reports
Also no one can be sure of a SL you will get...Good Luck on your app.
Im absolutely set on heading into the garden November no matter what and not coming out for anything. Thats the plan at least 
Well, ill probably sneak out for a few SP CLI's.
Ive been focusing on CCC's that pull Experian which has the lowest amount of Inq's/highest score. Cap 1 is already prequaled and dont think the TU collection removal will make much of a difference. The tax thing ive been told will take 30 days to remove but I've read of it taking much longer. Thanks for the GL!