No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
@JJ82705 wrote:Really? Our mortgage officer advised us to always keep our cards at 50% because thats where we get the best rates and credit scores. Thats really interesting. Thank you!
@JJ82705 wrote:Obviously you will be doing your app'ng after your home closes- congrats on buying a home! As others have stated, Lowes part of GE, will be your best bet. Not only can you recon your CL but they are very generous with SP's via auto CLI's. Util over 30% on a thin file is not a good idea - it should really be below 10% if you are trying to get approved.
sorry if this is a dumb question but what is a SP and CLI?
Not a dumb question at all, we just have our own terminology.
Big list here: http://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/m-p/88458#U88458
SP: Soft pull, or soft inquiry - won't negatively affect your credit score
CLI: Credit Limit Increase
@09Lexie wrote:
No question is dumb.
SP= soft pull on your credit report, doesn't affect your score
CLI= credit line increase
Included it with the cap1 PM lol
oh lord...now I'm nervous! I've been keeping my cards just under 50%...is there a chance my closing won't go thru? This is our first home, first time doing any of this!
@JJ82705 wrote:oh lord...now I'm nervous! I've been keeping my cards just under 50%...is there a chance my closing won't go thru? This is our first home, first time doing any of this!
If you have the money to pay down balances PIF all card other than 1 card and leave around 10% balance on that card.
Just paid them all waaay down. Just left a small balance. Hopefully we can get approved for at least $5,000 at lowes. Fingers crossed!