How about this? BOA came to me!

[Red1Blue]

I dont think there will be an AA. But you'll see a drop in scores and might raise some flags once the car loan with full amount posts. Especially TU is very sensitive to this and other 2 are not forgving either. Just a friendly warning, keep tabs on your scores.

[Anonymous]

congrats! boa cli'd me from 1k to 12 at activation. i called the number on the back of the card prior to activating, worked for boa and national city (3k to 10k).

[haulingthescoreup]

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@Anonymous wrote:
....This means I've opened 33k in new credit this month, along with a car loan for 12k. I am afraid about what's going to happen when they hit my reports (Citi already did).

When new credit hits, does it only hurt per account, or do the limits somehow factor in? Before this month, my util was around 23 percent as I had only subprime garbage cards. New credit should drop my util to about 5 or 6 percent. I'm hoping this is enough to offset and not ding my scores.

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Just as a heads up, my EX just dropped from 749 to 712, and much of it seems to be due to the new car loan. (Loan is new, not the car, lol.)

I lost 3 points (752 to 749) for one inq, and the big drop occurred when two new cards posted, one with a balance of $220 on $5K, plus the car loan. EX did not bother to scold me for the new cards on screen two; the top two negatives were the usual yada yada about lates. But this was new:

The remaining balance on your non-mortgage installment loans is too high.

Your FICO score weighs the balances of your non-mortgage installment loans (such as auto loan or student loans) against the original loan amounts. In general, when you first obtain an installment loan your balance is high, and as you pay this loan down, the balance decreases.

Keep this in mind: This factor will have less of a negative impact on your FICO score as you pay down your installment loans and the total balance decreases.
FICO High Achievers [?] have paid down an average of 35% of the principal on their installment loans.

Since the car loan (the non-mortgage installment loan) is brand-spanking new, I am currently at 100% util on it. So I think I might throw some extra money at it to get it down a bit earlier than scheduled.

And yes, of course, part of that 37-point drop was obviously the two new CC's, one reporting a balance, but I didn't get any negative feedback on them --just on the new installment loan.

I'm scared witless to try to advise any AmEx holder on how to keep them happy --did they know about your car loan when you went through F/R? If so, they might not be startled by a resulting score drop. I don't know if you should give them a heads-up or not --sorry!

[Anonymous]

Congrats on both!!  So what is an I35?

[NICKI183]

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concorduser wrote:

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cheddar wrote:

Congratulations!  And no, I don't think this counts as breaking "the pact."  If they came to me with an offer with no hard pull, you bet I'd take them up on it.

BTW, I think the pact is down to you and me, and perhaps Lady Scarlet.  I believe concord is no longer "king of the castle" or "master of his domain," if you get the Seinfeld reference.

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Dont count me out. I am still part of the pact. I acted with Citi App's out of mental anguish that is caused by Amex Delta Application and FNOB CLI. As I am writing this post,  I am on the phone with CRA's and freezing my CR's.

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I was wondering what do you mean by " freezing your CRA's".  How do you go about doing this-is it a good thing?  Please explain.

[Anonymous]

Congratulation to both of you .

[hautemama]

Wow. B of A increased fm 1K to 12??? I just got a CLI upon activation fm 1k to 5k.. Can I ask again? lol.

[tonsers]

Wow, super cool to have them knocking at your door! And with no additional credit pull! WTG!

[Mn_Vikes]

Congrats, a couple quicks points/?'s

1)  Sounds like Concord pulled a Kramer

2) My first thought was: Where can i get a "NEW" I35 for 12k. Until i saw they stopped making them in 2004. Still a very nice car

3)  So if someone was going to buy a 30k car and put 15k down, should they finance the 30k then make 15k on the first payment to get the loan UTIL down to 50%?

4)  I just applied for my 2nd CC,  got approved for over 9k from Citi.  Needless to say, i was for sure "Master of my Domain" until this app.  Last CC app was 12 years ago.

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FretlessMayhem wrote:
This means I've opened 33k in new credit this month, along with a car loan for 12k. I am afraid about what's going to happen when they hit my reports (Citi already did).

When new credit hits, does it only hurt per account, or do the limits somehow factor in? Before this month, my util was around 23 percent as I had only subprime garbage cards. New credit should drop my util to about 5 or 6 percent. I'm hoping this is enough to offset and not ding my scores.

My car is an Infiniti I35. It's pretty sweet. Definitely a step up from the Scion tC I was previously driving.

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[Red1Blue]

If you want your scores to recover fast from the car loan hit, this is the best way to do. Finance the car for 30K. Then pay off 35% the loan say 10-12K as soon as possible. Then the scores will bounce back.

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Mn_Vikes wrote:

Congrats, a couple quicks points/?'s

1)  Sounds like Concord pulled a Kramer

2) My first thought was: Where can i get a "NEW" I35 for 12k. Until i saw they stopped making them in 2004. Still a very nice car

3)  So if someone was going to buy a 30k car and put 15k down, should they finance the 30k then make 15k on the first payment to get the loan UTIL down to 50%?

4)  I just applied for my 2nd CC,  got approved for over 9k from Citi.  Needless to say, i was for sure "Master of my Domain" until this app.  Last CC app was 12 years ago.

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FretlessMayhem wrote:
This means I've opened 33k in new credit this month, along with a car loan for 12k. I am afraid about what's going to happen when they hit my reports (Citi already did).

When new credit hits, does it only hurt per account, or do the limits somehow factor in? Before this month, my util was around 23 percent as I had only subprime garbage cards. New credit should drop my util to about 5 or 6 percent. I'm hoping this is enough to offset and not ding my scores.

My car is an Infiniti I35. It's pretty sweet. Definitely a step up from the Scion tC I was previously driving.

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