Ready to dump FP and Credit1.....Advice???

[brizle423]

Hey all --

Pulled all three today thru MyFico

Chase Freedom Pre-qual, current app pending.....

I want to try Amazon and/or Walmart --- then dump FP and Credit One....

Any Advice?? Thank you!!!!

EQ 677

5 INQ (Dec 2014 -Discover, Cap1, NFCU, Honda) (Gettington 1/2014)

TU 618

4 INQ  (Chase 1/15) (Cap1, NFCUx2 12/2014)

EX 636

4 INQ (Chase 1/15) (Discover, Cap1 12/2014) (CapOne 1/2014)

Current Cards :

Discover $1400 Approved     1/3/2015

Cap1 #2 - $1000 Approved   12/26/2014

Overstock $2700    12/2014

JCrew $500             11/2014

Credit One $500      1/2014

Gettington $900       1/2014

Buckle $700           12/2013

AU/VS $650            12/2013

Premier $300           6/2013

Cap1  $750              6/2013

No credit cards prior to 2013. Ever.

1 loan Late pay 4/2012 - pays as agreed/closed

2 Derog/paid 4/2010 - student loans/paid/closed

1 loan Late pay Closed, DLA10/2009

UTIL 20%

Car Loan 12/2013 $7K left

Joint Bike Loan 12/2014 $10K

Income $86K

Looking for mortgage hopefully in May/June

[DiabolicallyRandom]

If i were in your position and looking for a mortgage in 5 to 6 months I would rest where I was and not apply for anything else.  Just keep your utilization in line and allow things to age. Its not wise to have too many applications before applying for a mortgage. I would go ahead and close First Premier and Credit One since you have plenty of cards otherwise so there is no need to give them anymore money. 

[Creditaddict]

I would close FP and Credit1 and get move your current balances over to your new Discover and got all these other accounts reporting $0 balance so you will be ready for mortgage... DO NOT APPLY when you are within 6 months of mortgage which = NOW

[brizle423]

Thanks -- that's what I was leaning towards -- garden.

But --- Chase is still pending...

So -- wonder what my chances are?

[Creditaddict]

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@brizle423 wrote:

Thanks -- that's what I was leaning towards -- garden.

But --- Chase is still pending...

So -- wonder what my chances are?

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call the backdoor number listed above in important threads to an underwriter... i bet they will transfer you to verification (it's approved if that's the case)

[Anonymous]

Close those two and don't apply for anything else.

[brizle423]

Okay -- will do. No more apping

I called the automated system for the Freedom card -- and it said I will recieve a letter in 2 weeks --- is that a denial?

[brizle423]

Also got an email saying 30 days.....

[Anonymous]

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@brizle423 wrote:

Also got an email saying 30 days.....

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That's normal.  Call the recon number listed in the backdoor sticky.

[Creditaddict]

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@brizle423 wrote:

Okay -- will do. No more apping

I called the automated system for the Freedom card -- and it said I will recieve a letter in 2 weeks --- is that a denial?

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call Chase: 888-245-0625

say you applied and wanted to see if a decision had been made or you could answer any additional questions.