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Whats the next move?

Morphyyy
Contributor

Whats the next move?

Finally seems like I may be in a good spot with credit.

TU just broke 760

Other 2 are over 700

 

Just got approved for my first car by myself with no co-signer through Toyota Financial, they only had to run it 1 time instead of 30 lol

$45,000 at 5% for 6 years

 

Lowes - $12,000

Navy Amex - $4,000

Academy - $300

CareCredit - $5,400

Cap1 QS - $500

Cap1 Secured - $500

MissionLane - $400

Navy SSL paid off next year

 

1% UTI

TON of inquiries

1 collection on EX and EQ TU is clean

 

What would be my next steps to getting that AMEX, boat loan or personal loan approvals?

 

Discover pre approval says RECENTLY OPENED BANK REVOLVING TRADES

Amex I've never been able to prequalify

Navy WILL NOT give me more than $4,000 or a new card (been with them over a year)

Navy WILL NOT even give me $1,000 loan for anything.

AppleCard says unable to read ID no matter how many pictures I take.

 

Do i garden for like a year or what's some good advice?

 

Thanks

Message 1 of 7
6 REPLIES 6
Morehouse3000
Established Contributor

Re: Whats the next move?

Have you tried Discover pre approval site?   BB&T also has a pre approval site.   I would stick with sites like those that do not hard pull for approval.   Or you may want to garden since you have a ton of inquiries.


@Morphyyy wrote:

Finally seems like I may be in a good spot with credit.

TU just broke 760

Other 2 are over 700

 

Just got approved for my first car by myself with no co-signer through Toyota Financial, they only had to run it 1 time instead of 30 lol

$45,000 at 5% for 6 years

 

Lowes - $12,000

Navy Amex - $4,000

Academy - $300

CareCredit - $5,400

Cap1 QS - $500

Cap1 Secured - $500

MissionLane - $400

Navy SSL paid off next year

 

1% UTI

TON of inquiries

1 collection on EX and EQ TU is clean

 

What would be my next steps to getting that AMEX, boat loan or personal loan approvals?

 

Discover pre approval says RECENTLY OPENED BANK REVOLVING TRADES

Amex I've never been able to prequalify

Navy WILL NOT give me more than $4,000 or a new card (been with them over a year)

Navy WILL NOT even give me $1,000 loan for anything.

AppleCard says unable to read ID no matter how many pictures I take.

 

Do i garden for like a year or what's some good advice?

 

Thanks


 

Message 2 of 7
ImTheDevil
Community Leader
Super Contributor

Re: Whats the next move?

How many inquiries do you have by bureau in the last 6 months, and the last 12 months? How old is your collection and is it paid or unpaid? And how old are your cards? These may be the factors holding you back.



Platinum NPSL | Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | FNBO Prime Visa | FNBO Evergreen | PenFed PCR | PenFed Gold | Navy cashRewards | Navy Platinum | Apple | Wells Fargo Active Cash | IT Cash | IT Chrome | GHSFCU Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Sams MC | Firestone | Overstock | Kohl’s | Key Bank auto loan (2017 Audi A6 Premium Plus S-Line)





Message 3 of 7
Morphyyy
Contributor

Re: Whats the next move?

27 TU in last year

11 are car dealership at same time

 

11 EQ last year

7 are car dealership at same time

 

unpaid collection almost 7 years old

 

Capital One Bank Usa 1 yr, 6 mos
Capital One Bank Usa 1 yr
Mission Lane Tab Ban 1 yr
Navy Federal Cu 11 mos
Syncb/lowes 8 mos
Comenitycapital/acad 5 mos
Syncb/care Credit 1 mo
Message 4 of 7
ImTheDevil
Community Leader
Super Contributor

Re: Whats the next move?

Ok, my thought would be to garden. The auto inquiries, if coded correctly, are deduplicated so they only affect your scores as if they're one inquiry, but a lender can still see all of them and may not know you were auto rate-shopping. If you've tried to recon with no success, then the garden is it. You have several accounts, all of which are very young in credit years, and a big pile of HPs. This is likely being seen as a young profile that's heavily credit-seeking. Time fixes that. Maintain your good habits with managing your accounts, don't app for anything, and let those pulls age, and you should see success in six months to a year.



Platinum NPSL | Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | FNBO Prime Visa | FNBO Evergreen | PenFed PCR | PenFed Gold | Navy cashRewards | Navy Platinum | Apple | Wells Fargo Active Cash | IT Cash | IT Chrome | GHSFCU Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Sams MC | Firestone | Overstock | Kohl’s | Key Bank auto loan (2017 Audi A6 Premium Plus S-Line)





Message 5 of 7
KLEXH25
Valued Contributor

Re: Whats the next move?


@Morphyyy wrote:

27 TU in last year

11 are car dealership at same time

 

11 EQ last year

7 are car dealership at same time

 

unpaid collection almost 7 years old

 

Capital One Bank Usa 1 yr, 6 mos
Capital One Bank Usa 1 yr
Mission Lane Tab Ban 1 yr
Navy Federal Cu 11 mos
Syncb/lowes 8 mos
Comenitycapital/acad 5 mos
Syncb/care Credit 1 mo

What are your short term and long term goals? It's hard to give advice without knowing what you're trying to achieve. Taking a look at the above, you have plenty of new accounts, so I definitely recommend gardening. I would let your trigger finger cool off and let your inquiries age for at least a year. 



Message 6 of 7
jcooks
Frequent Contributor

Re: Whats the next move?

Discover said I was seeking too much credit on their pre-approval.  I had 2/2/4 HP.  

Message 7 of 7
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