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New home...New credit approvals...

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gogotexan
Regular Contributor

New home...New credit approvals...

Thanks in large part to information learned on this awesome forum, I closed on a newly constructed home a few weeks ago with a 4% fixed 30 year interest rate.  Since then, I've been approved for the following:

 

$5,000    STAR FURNITURE (24 month no interest)

Star has in-house financing and ususally requires excellent credit for approval (no BK, lates, etc).  However, I was approved with a downpayment of 25%.

 

$7,000    CONN'S HOME STORE (24 month no interest)

Conn's is easy on approvals, but higher scores and income get pretty decent limits

 

$3,000    GE - Ashley Furntiure (60 month no interest)

I burned GE bigtime in BK back in 2010 so wasn't sure they would extend credit to me, but they did from numerous vendors.

 

$1,000    GE - Rooms to Go (36 month no interest)

 

$500       GE - Lowes

 

Off to the garden I go!  Smiley Very Happy

 


Starting Scores 11/12/2012 EX - 590, EQ - 584, TU - 601
FICO Scores as of 02/06/2014 EX - 687, EQ - 659, TU - 697
BK 7 Discharged Oct 2010, In my wallet: NFCU VisaSiggy $26K; NFCU GoRewards $10K; NFCU Navcheck $15K; Star Furniture $5K, Conns Credit $7K, GE (Ashley Furniture) $1K, GE (Rooms to Go) $3K, Barclay Arrival MC $3K; PWFCU Visa $2.5K; Cap1 Quicksilver1 $2K; Chase Freedome $500; Cap1 Secured $500
Message 1 of 12
11 REPLIES 11
MissMoni223
Senior Contributor

Re: New home...New credit approvals...

CONGRATS and welcome to the Homeowner's Club! I'm coming up on my 6th year of membership in October and I love it here!  Join us in the garden and watch those CL's increase!!! Smiley Happy

Gardening Until Further Notice
15 Credit Cards (12 Major Banks & 3 Store Cards)
Message 2 of 12
coldnmn
Mega Contributor

Re: New home...New credit approvals...

Congrats! Thanks for sharing.

Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $15k / Walmart Mastercard $10k / Blispay $7.5k PayPal Ex MC $10.8k
CareCredit 5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $5.35k / Citi DC (WMC) $12k
Gardening Date 7/01/16 / MyFico 08: EQ 801 / TU 777 / EX 771 / 06/08/17
Message 3 of 12
MsLadyRover
Valued Contributor

Re: New home...New credit approvals...

Congrats on the new cards and the new house!!



Starting Score: 639 (Walmart TU)
Current Score: TU 715 (Barclay) EX 685 (myFICO) EQ 697 (myFICO)
Goal Score: 700 Across the Board (Mortgage Goal Achieved 1/31/2012!)

Take the FICO Fitness Challenge
Message 4 of 12
yudeology101
Senior Contributor

Re: New home...New credit approvals...

Woohoo!!  WTG on your new card approval and congratulations on your new home.

JPM Ritz Carlton $8k I UMP Club $8k I CSP $8k | Chase Hyatt $5k I AMEX Green NPSL I AMEX Delta $2k I Citi AA $2k | C1 QS $4.5k
BOA UNC-CH Alumni $6k I Hawaiian WEMC $3k I Arrival $6.5k I IT $1.5k | Merrill+ $2k | Lowes $12k | Apple $2k | +23more
Scores: EQ:671 (FICO 11) EX:686 (FICO N/C) TU:686 (FICO N/C) *8-5-14*
Overall UTIL: 14% *Gardening Since: 1/20/16*
------------------------------------------------------------
Need to stay out of trouble.... Go Heels!!! ... GC Watchlist ( #1 since 12-12-13)
Message 5 of 12
CreditMagic7
Mega Contributor

Re: New home...New credit approvals...

OP, don't run off just yet before recon on your Lowe's approval. That 500 SL can easily translate into 5000! or better due to it's generous recon department. Something maybe to consider before folding up this current run. When you explain to them that you just closed on a newly constructed home they'll be more then ready to drastically raise that limit.

Congrats! on a nice approvals!
Smiley Happy
Message 6 of 12
Creditaddict
Legendary Contributor

Re: New home...New credit approvals...


@CreditMagic7 wrote:
OP, don't run off just yet before recon on your Lowe's approval. That 500 SL can easily translate into 5000! or better due to it's generous recon department. Something maybe to consider before folding up this current run. When you explain to them that you just closed on a newly constructed home they'll be more then ready to drastically raise that limit.

Congrats! on a nice approvals!
Smiley Happy

yes but ask for $25k, they will counter back!

Message 7 of 12
Creditaddict
Legendary Contributor

Re: New home...New credit approvals...


@Creditaddict wrote:

@CreditMagic7 wrote:
OP, don't run off just yet before recon on your Lowe's approval. That 500 SL can easily translate into 5000! or better due to it's generous recon department. Something maybe to consider before folding up this current run. When you explain to them that you just closed on a newly constructed home they'll be more then ready to drastically raise that limit.

Congrats! on a nice approvals!
Smiley Happy

yes but ask for $25k, they will counter back!


tell them it's new construction but want to upgrad counters and put in electric garage or something

Message 8 of 12
alvon123
Super Contributor

Re: New home...New credit approvals...

congrats


Message 9 of 12
CreditMagic7
Mega Contributor

Re: New home...New credit approvals...

Smiley Happy
Message 10 of 12
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