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SECU to apply or wait?

ktl72455
Valued Contributor

Re: SECU to apply or wait?

I have tried all the way down to 3,500 same response.  I can do 1000 just to get my foot in the door ? lol

From MI.
12/4/12 TU 589 MyFico ~EQ 579 MyFico ~EX 577(Fako)

Myfico 8 scores
6/12/20 TU 803 ~ EQ 814~ Ex 784
My Wallet: Cap1 3,500K ~FH 2950~Credit One 1750~Credit one #2 1250~Orchard Bank 400 ~NFCU nRewards 18,000~NFCU Cash Rewards 18,500 ~Care Credit 12000~Discover 6000~Lowes 5450~ Amex 5400.00 ~ Harvest King 8000 ~ Langley~Penfed~Service CRU~red stone cru~
UTL 17%
Message 11 of 58
ktl72455
Valued Contributor

Re: SECU to apply or wait?

My langley card is in the mail :-) 

Only thing i can figure is it has to be NFCU hitting. 

From MI.
12/4/12 TU 589 MyFico ~EQ 579 MyFico ~EX 577(Fako)

Myfico 8 scores
6/12/20 TU 803 ~ EQ 814~ Ex 784
My Wallet: Cap1 3,500K ~FH 2950~Credit One 1750~Credit one #2 1250~Orchard Bank 400 ~NFCU nRewards 18,000~NFCU Cash Rewards 18,500 ~Care Credit 12000~Discover 6000~Lowes 5450~ Amex 5400.00 ~ Harvest King 8000 ~ Langley~Penfed~Service CRU~red stone cru~
UTL 17%
Message 12 of 58
ktl72455
Valued Contributor

Re: SECU to apply or wait?

I am down to a secured card .. anything below 1000.00 on any but the secured shows a red ! ...

This is crazy lol! 

My self lender reported as paid off ... score drop, 2 inquiries now, and nfcu reporting a balance. 46% of the limit. 

 

Do I go the secured route to at least make the inquiry worth something?

From EQ805 to EQ753  

Edited to add: I put 72,000.00 income ( lower than actual)

no housing cost

8/24/2018CITI*approved
11/15/2018MORT*rate checking
2/1/2019HUGHES
2/1/2019DISH
7/8/2020langley**approved
7/9/2020Secu

 

nfcu17800.007208.7340.5%
care credit12000.00$5,549.3646.2%
discover6000.0000.0%
finger hutt1350.0000.0%
cr11750.0033.051.9%
nfcu18500.00

11,198.00

60.5%
citi9700.0088.240.9%
lowes5450.0000.0%
ppc4896.0000.0%
cap 13500.0000.0%
orchard400.0000.0%
cr21450.0019.921.4%
rk8000.0000.0%
Langley6800.00 0.0%
amex5400.0000.0%
 $102,996.0024097.323.4%

 

Im sure the 3 high UTL and the self lender falling off is what it biting me in the butt at the moment, but waiting wont help because the new accounts report and it drops even worse affecting age of accounts. Ughh lol!

From MI.
12/4/12 TU 589 MyFico ~EQ 579 MyFico ~EX 577(Fako)

Myfico 8 scores
6/12/20 TU 803 ~ EQ 814~ Ex 784
My Wallet: Cap1 3,500K ~FH 2950~Credit One 1750~Credit one #2 1250~Orchard Bank 400 ~NFCU nRewards 18,000~NFCU Cash Rewards 18,500 ~Care Credit 12000~Discover 6000~Lowes 5450~ Amex 5400.00 ~ Harvest King 8000 ~ Langley~Penfed~Service CRU~red stone cru~
UTL 17%
Message 13 of 58
BmoreBull
Established Contributor

Re: SECU to apply or wait?


@ktl72455 wrote:

I am down to a secured card .. anything below 1000.00 on any but the secured shows a red ! ...

This is crazy lol! 

My self lender reported as paid off ... score drop, 2 inquiries now, and nfcu reporting a balance. 46% of the limit. 

 

Do I go the secured route to at least make the inquiry worth something?

From EQ805 to EQ753  

Edited to add: I put 72,000.00 income ( lower than actual)

no housing cost

8/24/2018CITI*approved
11/15/2018MORT*rate checking
2/1/2019HUGHES
2/1/2019DISH
7/8/2020langley**approved
7/9/2020Secu

 

nfcu17800.007208.7340.5%
care credit12000.00$5,549.3646.2%
discover6000.0000.0%
finger hutt1350.0000.0%
cr11750.0033.051.9%
nfcu18500.00

11,198.00

60.5%
citi9700.0088.240.9%
lowes5450.0000.0%
ppc4896.0000.0%
cap 13500.0000.0%
orchard400.0000.0%
cr21450.0019.921.4%
rk8000.0000.0%
Langley6800.00 0.0%
amex5400.0000.0%
 $102,996.0024097.323.4%

 

Im sure the 3 high UTL and the self lender falling off is what it biting me in the butt at the moment, but waiting wont help because the new accounts report and it drops even worse affecting age of accounts. Ughh lol!


The high utilization on the three cards may definitely be a factor. But also the number of cards that you have showing a balance. Even though the balances on the other cards are small, I believe this may be looked at as negative. I believe someone made a post about having more than 4 cards reporting a balance and their scores being affected negatively by FICO. 



Starting Fico Scores:November 2019

Current Fico Scores: January 6, 2021
Goal Scores: 700 across all three
Message 14 of 58
CreditCuriosity
Moderator

Re: SECU to apply or wait?

guessing the 24k balance on CC might of caught their attention?  Decent amount of CC debt for income level despite no house payment, etc..  Only a guess as they arent account or inquiry sensitive as have 600k+ in credit and 20+ inquiries on EQ and 24+ new accounts in the last two years and instant approval, but only 1800 on a CC and income is in 6 figures.  800ish score

Message 15 of 58
ktl72455
Valued Contributor

Re: SECU to apply or wait?

I called in to see if the secured card eventually unsecures and front line didnt know and transfered me to LO and I was on hold for 15 min and gave up. 

any insight on the secured card?

From MI.
12/4/12 TU 589 MyFico ~EQ 579 MyFico ~EX 577(Fako)

Myfico 8 scores
6/12/20 TU 803 ~ EQ 814~ Ex 784
My Wallet: Cap1 3,500K ~FH 2950~Credit One 1750~Credit one #2 1250~Orchard Bank 400 ~NFCU nRewards 18,000~NFCU Cash Rewards 18,500 ~Care Credit 12000~Discover 6000~Lowes 5450~ Amex 5400.00 ~ Harvest King 8000 ~ Langley~Penfed~Service CRU~red stone cru~
UTL 17%
Message 16 of 58
ktl72455
Valued Contributor

Re: SECU to apply or wait?

Update:

I called again: secured card does not unsecure.

She went over my credit report and put in for the starter visa ( only one i hadnt tried) and it was sent to underwiter.

She said I had a great score so wasnt sure why none went but while we were talking , my UTL went from 63% to 43% and she didnt see any new changes but what ever it was, the application went. 

Put 1000.00 so now wait and see. 

 

From MI.
12/4/12 TU 589 MyFico ~EQ 579 MyFico ~EX 577(Fako)

Myfico 8 scores
6/12/20 TU 803 ~ EQ 814~ Ex 784
My Wallet: Cap1 3,500K ~FH 2950~Credit One 1750~Credit one #2 1250~Orchard Bank 400 ~NFCU nRewards 18,000~NFCU Cash Rewards 18,500 ~Care Credit 12000~Discover 6000~Lowes 5450~ Amex 5400.00 ~ Harvest King 8000 ~ Langley~Penfed~Service CRU~red stone cru~
UTL 17%
Message 17 of 58
ocheosa
Established Contributor

Re: SECU to apply or wait?


NVM, didn't see the update before posting. GL on the recon !

 

 

Affinity FCU: Cash Rewards VS, PLOC. AOD FCU VS. BB&T Bright. BBVA: ClearPoints (x2), Rewards VS. Cap One: QS MC, QS Visa, SavorOne, Walmart. Discover it CB. DSNB: Bloomies Amex, Macy's Amex. NFCU: cashRewards VS, Plat MC, Plat Visa, CLOC. SECU MD VS. WF Propel Amex. Misc: Overstock, Target. TCL=$286K.
[6/21] Scores 8/9: 700-800s. Util: 1-2%. Inq/12: EQ 6, EX 7, TU 1. AAoA=5y, AoOA=34y, AoYA=6m.

Business: Staples LOC. Office Depot. Quill. Uline. Amazon.
Current Project: 21-22 Business Profile.
Message 18 of 58
Gmood1
Community Leader
Super Contributor

Re: SECU to apply or wait?

@ktl72455 

I think @CreditCuriosity  may have nailed the initial denial.

I didn't know you had $24k reporting on CCs. That alone is most likely what the automated system picked up on.

 

From what you told us earlier. You should have gotten this one easily.

Fingers crossed, the $24k doesn't scare the UW. 

I personally would rather deal with the automated system.😆

Message 19 of 58
ktl72455
Valued Contributor

Re: SECU to apply or wait?

Wow!!!  Boom!!  Yeah!!!  Never give up!

 

I called and they are now closed... ha.. another weekend!

MYFICO ROCKS!MYFICO ROCKS!

From MI.
12/4/12 TU 589 MyFico ~EQ 579 MyFico ~EX 577(Fako)

Myfico 8 scores
6/12/20 TU 803 ~ EQ 814~ Ex 784
My Wallet: Cap1 3,500K ~FH 2950~Credit One 1750~Credit one #2 1250~Orchard Bank 400 ~NFCU nRewards 18,000~NFCU Cash Rewards 18,500 ~Care Credit 12000~Discover 6000~Lowes 5450~ Amex 5400.00 ~ Harvest King 8000 ~ Langley~Penfed~Service CRU~red stone cru~
UTL 17%
Message 20 of 58
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