Still have major work to do..

[celticslegends]

I was denied both the Discover IT card and Lowes Store Card. I know I was reaching trying to apply for the Discover, but given all of my recent success I wanted to push it a bit and see if I have really turned the corner. I have, but there is still much work to be done. I was able to get my EQ FICO in the Discover denial and it is my worst score (616). The EX score was obtained via their $1 deal for 7 days. I have a couple more baddies on the Equifax than I do on my other reports that I am still disputing. The Discover rep I spoke with was very nice and told me that I would need to get those items resolved before they can approve me. As for the Lowe's, not sure why I was denied. I was not able to recon with them, the rep just told me it can't be overrided. Despite the denial for both cards, I think this is a good experience for me and reinforces what I need to do and how focused I need to be. I know for sure one of the baddies is coming off next month and hopefully my disputes from this month will be successful. If not, it may be another 6 months to 1 year before I can make the next move up. The only baddie that is correct is a BOA chargeoff from 2010, but that has been paid. I will focus all of my efforts on micromanaging what I have already built up, keeping the balances close to zero when the statement cuts and ridding my reports of the incorrect tradelines. 

[I-think-I-can]

It sounds like you have a very solid plan. Before you know it, time will pass and your profile will be ready for the next step!  Hang in there!!

[Anonymous]

you could spend some time focusing on using your cards wherever possible instead of the statment cut date thing....use both of your quick silvers for anything and everything. make multiple payments a month if you have to. if you are worried about spending, use amex serve to withdrawal each transaction from your debit card.

when was the last time u asked for a CLI ? 

[celticslegends]

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@Anonymous wrote:

you could spend some time focusing on using your cards wherever possible instead of the statment cut date thing....use both of your quick silvers for anything and everything. make multiple payments a month if you have to. if you are worried about spending, use amex serve to withdrawal each transaction from your debit card.

when was the last time u asked for a CLI ? 

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I use my quicksilver all the time. I have small balances with the Walmart (will be paid in full) and Amazon (no interest for 6 months). I make multiple payments all the time. I don't want a large balance to report on the cards. It will end up hurting my score and it has been used against me before. My plan is to micromanage them all. I have a small balance on my cu cc, but paying it down.

In the past 3 weeks I have received a cli on my cu cc ($2,000 increase), Amazon ($3,400 increase), Walmart ($4,400 increase) and Cap 1 Quicksilver One ($2,000 increase).  So I have had much success. I guess I just need more time. Plus all of those increase haven't reported yet, except for the Cap 1 increase.

[Existentialist]

Doing well just keep pressing forward.

[Anonymous]

keep pushing , good luck 

[Anonymous]

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@celticslegends wrote:

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@Anonymous wrote:

you could spend some time focusing on using your cards wherever possible instead of the statment cut date thing....use both of your quick silvers for anything and everything. make multiple payments a month if you have to. if you are worried about spending, use amex serve to withdrawal each transaction from your debit card.

when was the last time u asked for a CLI ? 

---

I use my quicksilver all the time. I have small balances with the Walmart (will be paid in full) and Amazon (no interest for 6 months). I make multiple payments all the time. I don't want a large balance to report on the cards. It will end up hurting my score and it has been used against me before. My plan is to micromanage them all. I have a small balance on my cu cc, but paying it down.

In the past 3 weeks I have received a cli on my cu cc ($2,000 increase), Amazon ($3,400 increase), Walmart ($4,400 increase) and Cap 1 Quicksilver One ($2,000 increase).  So I have had much success. I guess I just need more time. Plus all of those increase haven't reported yet, except for the Cap 1 increase.

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As a newbie, that is the one thing I will never understand. I would like to think they would be more inclined to give people more increases if they had a high balance after statement cut date if they had a low limit, and then they paid it in full. 

It just sounds to me like it is defeating the whole purpose and takes extra time, to have to send in your payment super early basically.

So to the more knowledgeable folks here, as a general rule of thumb, should we always disregard the due dates, and always try to pay as much as possible before the statement end date?

[celticslegends]

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@Anonymous wrote:

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@celticslegends wrote:

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@Anonymous wrote:

you could spend some time focusing on using your cards wherever possible instead of the statment cut date thing....use both of your quick silvers for anything and everything. make multiple payments a month if you have to. if you are worried about spending, use amex serve to withdrawal each transaction from your debit card.

when was the last time u asked for a CLI ? 

---

I use my quicksilver all the time. I have small balances with the Walmart (will be paid in full) and Amazon (no interest for 6 months). I make multiple payments all the time. I don't want a large balance to report on the cards. It will end up hurting my score and it has been used against me before. My plan is to micromanage them all. I have a small balance on my cu cc, but paying it down.

In the past 3 weeks I have received a cli on my cu cc ($2,000 increase), Amazon ($3,400 increase), Walmart ($4,400 increase) and Cap 1 Quicksilver One ($2,000 increase).  So I have had much success. I guess I just need more time. Plus all of those increase haven't reported yet, except for the Cap 1 increase.

---

As a newbie, that is the one thing I will never understand. I would like to think they would be more inclined to give people more increases if they had a high balance after statement cut date if they had a low limit, and then they paid it in full. 

It just sounds to me like it is defeating the whole purpose and takes extra time, to have to send in your payment super early basically.

So to the more knowledgeable folks here, as a general rule of thumb, should we always disregard the due dates, and always try to pay as much as possible before the statement end date?

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From all the experts on here the consensus is 1-10% utilization is ideal. Anything more than that you can get penalized. Just play the game. I guess you can have high balances at any time, but once the statement cuts, have the low balances to maximize the scores and overall credit fitness. This is what I am doing.  Good luck to you.