when to stop apps/ whats considered risky behavior

[TRC_WA]

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@Anonymous wrote:

@Anonymous,

Yo are right about Barclays.

They have been Soft pulling me every week on my TU Since application and approval.

BARCLAYS BANK DELAWARE

125 S WEST ST WILMINGTON, DE  19801 (866) 370-5931

Requested On: 05/11/2015, 05/05/2015, 05/04/2015, 04/23/2015, 04/22/2015

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I've finally graduated with Barclays...

I had an Apple account from 9/13 thru 12/14 that was closed when I opened my Sallie Mae.  Back in 2013 they were SPing me every week.

I just looked at my CR's yesterday...  SP on 12/5...

... next SP on 5/5.

[Anonymous]

Update

So far nothing has changed  ..even with the utlization repotring dramatically increasing .I have PIF Barclays and paid down other balances on New cards  to less than 80% except the cards that  have already posted ( too late) My utlization now stands at 44%  might as well pay down american Express by $1500 to come below 30% but i want to build my cash reserves...

Card	Credit	current  Balances	Date opened	Comments	payment due date	Utilization	Payment Situation
American express	5000	2270	Apr-15	App spree	19-May	45%	cant PIF Now but can pay $1000 Before 19th
RBFCU	5000	2579	Jan-15	CLI increase	8-May	52%	Statement cut already
Barcalys	1300	0	Apr-15	App spree	N/A	0%	PIF
lowes	1800	1400	Apr-15	App spree	23-May	78%	paid below 80% UT
Capital one Platinum	1500	1395	Aug-13	same	7-May	93%	Statement cut already
Capital one Platinum	800	672	Aug-13	same	7-May	84%	Statement cut already
Home Depot	2500	529	Apr-15	App spree	N/A	21%	Statement cut already
pen fed	2500	0	Apr-15	App spree	N/A	0%	Card IN Mail
Nebraska	1500	1149	Apr-15	App spree	N/A	77%	To PIF by 27th
Jc Penny	1050	0	Dec-13	Same	16-May	0%	PIF got a 500 CLI
Total Credit	22950	9994			Utilization	44%

	Number of inquries
TU	Equifax	Experian
4	12	8

Scores 

625  Equifax  as of 5/14/2015

640 transUnion data as of 5/13/2015

648 Experian data as of 5/12/2015

[SecretAzure]

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@Anonymous wrote:

Update

So far nothing has changed  ..even with the utlization repotring dramatically increasing .I have PIF Barclays and paid down other balances on New cards  to less than 80% except the cards that  have already posted ( too late) My utlization now stands at 44%  might as well pay down american Express by $1500 to come below 30% but i want to build my cash reserves...

Card	Credit	current  Balances	Date opened	Comments	payment due date	Utilization	Payment Situation
American express	5000	2270	Apr-15	App spree	19-May	45%	cant PIF Now but can pay $1000 Before 19th
RBFCU	5000	2579	Jan-15	CLI increase	8-May	52%	Statement cut already
Barcalys	1300	0	Apr-15	App spree	N/A	0%	PIF
lowes	1800	1400	Apr-15	App spree	23-May	78%	paid below 80% UT
Capital one Platinum	1500	1395	Aug-13	same	7-May	93%	Statement cut already
Capital one Platinum	800	672	Aug-13	same	7-May	84%	Statement cut already
Home Depot	2500	529	Apr-15	App spree	N/A	21%	Statement cut already
pen fed	2500	0	Apr-15	App spree	N/A	0%	Card IN Mail
Nebraska	1500	1149	Apr-15	App spree	N/A	77%	To PIF by 27th
Jc Penny	1050	0	Dec-13	Same	16-May	0%	PIF got a 500 CLI
Total Credit	22950	9994			Utilization	44%

	Number of inquries
TU	Equifax	Experian
4	12	8

Scores 

625  Equifax  as of 5/14/2015

640 transUnion data as of 5/13/2015

648 Experian data as of 5/12/2015

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Good on you for working hard to get that debt down. Saving is hard when this stuff happens. Keep it up but also don't torture yourself trying to pay everything down. 

[CreditDunce]

I hate to be an enabler.... but Have you tried for a CLI from Lowes yet? I think your chances are not that great, but Credit solutions does have some lax standards. Even if you requested a CLI when you opened the account, requesting another after your first payment might not be a bad idea since they are SP. The standard advice is to ask for 25k, but in your case I might only go for 10k. Also, I am assuming RBFCU is reporting for you. If they aren't reporting yet, then I wouldn't worry too much about the statement balance. I just mention it because I opened a LOC last December that hasn't reported yet. But I am sure that CCs are reported more consistently than LOCs.

[SecretAzure]

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@CreditDunce wrote:
I hate to be an enabler.... but Have you tried for a CLI from Lowes yet? I think your chances are not that great, but Credit solutions does have some lax standards. Even if you requested a CLI when you opened the account, requesting another after your first payment might not be a bad idea since they are SP. The standard advice is to ask for 25k, but in your case I might only go for 10k. Also, I am assuming RBFCU is reporting for you. If they aren't reporting yet, then I wouldn't worry too much about the statement balance. I just mention it because I opened a LOC last December that hasn't reported yet. But I am sure that CCs are reported more consistently than LOCs.

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Not a bad idea, I agree. 

[Anonymous]

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@Anonymous wrote:

@Anonymous,

Yo are right about Barclays.

They have been Soft pulling me every week on my TU Since application and approval.

BARCLAYS BANK DELAWARE

125 S WEST ST WILMINGTON, DE  19801 (866) 370-5931

Requested On: 05/11/2015, 05/05/2015, 05/04/2015, 04/23/2015, 04/22/2015

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WHat service do you use to find the soft pulls? I want to see who is soft pulling me...

[zarteycranford]

Depends on the lender. Some are more stingy than others. But it loks like you should just let your accounts grow, at this step of the game.

[Anonymous]

GShope,

I got it from my Equifax report from the Equifax site. I Believe that if you check under inquires, you can see the hard pulls that lenders see, and then

Inquiries that do not impact your credit rating

I Tried to Do a CLI will lowes via Chat for 10k and got the 7-10 day notice message on top of a denial 

So far  so good. ..am not woried as much as i was initially .

[taxi818]

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@SecretAzure wrote:

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@Anonymous wrote:

whats considered risky behavior that can trigger  CL Reduction 

currentlypaying everthing on time , bought a house recently (April 15) and went on an app spree and had to buy stuff for the house 

Card	Credit	Balances
American express	5000	2500
RBFCU	5000	2900
Barcalys	1300	529
lowes	1800	1622
Capital one Platinum	1500	1390
Capital one Platinum	800	672
Home Depot	2500	500
pen fed	2500	0
Nebraska	1500	1500
Jc Penny	550	147
Total Credit	22450	11760		Utilization	52%

current scores

635 Fair  FICO® Score 8 based onEquifax data as of 5/4/2015

658 Fair FICO® Score 8 based onTransUnion data as of 5/3/2015

656 Fair FICO® Score 8 based onExperian data as of 4/25/2015

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Which cards came from this recent sprees?

App sprees and "pyramiding debt" is generally considered risky behavior (I believe that creditors believe). Try and get your utilization down if you can, but I'm sure you know this already.

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Agree completely. out of all your cards. only 1 is not carrying a balance. not only should you get your utilization down. but you need to have as many of your cards reporting a zero balance as possible. 1-2 max should be carrying balance. maybe 3. but thats it. the low limit cards. should never have a balance. to keep your risk level down.

[CreditDunce]

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@Anonymous wrote:

GShope,

I got it from my Equifax report from the Equifax site. I Believe that if you check under inquires, you can see the hard pulls that lenders see, and then

Inquiries that do not impact your credit rating

I Tried to Do a CLI will lowes via Chat for 10k and got the 7-10 day notice message on top of a denial 

So far  so good. ..am not woried as much as i was initially .

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I have heard you need to call Credit Solutions request the CLI.   You tell UW you just bought a house and need to furnish it.  The normal advice I have read on this forums is to call the day you are approved, ask for 25k and they will counter.   I don't know if it really makes a difference between chat and calling CS directly, but the posts are very specific.  The number should be in the back door number sticky.  Good luck!