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Is it Time?

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Brian_Earl_Spilner
Credit Mentor

Re: Is it Time?

Soooo...I noticed people posting about getting approved for CLIs. I went ahead and tried since I'm paying it down and figured it wouldn't hurt. Got a counter offer for $500. Pretty stoked to finally break the $1000 barrier again with Cap1, but I'm still combining it, lol. Unless there are data points showing growth will continue now that it's over a thousand. Regardless, it WILL be combined into my regular qs sooner or later.

    
Message 21 of 24
FinStar
Moderator Emeritus

Re: Is it Time?

Soooo...I noticed people posting about getting approved for CLIs. I went ahead and tried since I'm paying it down and figured it wouldn't hurt. Got a counter offer for $500. Pretty stoked to finally break the $1000 barrier again with Cap1, but I'm still combining it, lol. Unless there are data points showing growth will continue now that it's over a thousand. Regardless, it WILL be combined into my regular qs sooner or later.



As I'm sure you've seen multiple data points with the type of product/CL you were approved for, its stand-alone growth will definitely be limited within the current "bucket".
What remains to be seen is whether it'll grow beyond $2K or even $3K. I guess only time will tell, but it sounds like you'll combine it either way at some point.
Message 22 of 24
Brian_Earl_Spilner
Credit Mentor

Re: Is it Time?


@FinStar wrote:
Soooo...I noticed people posting about getting approved for CLIs. I went ahead and tried since I'm paying it down and figured it wouldn't hurt. Got a counter offer for $500. Pretty stoked to finally break the $1000 barrier again with Cap1, but I'm still combining it, lol. Unless there are data points showing growth will continue now that it's over a thousand. Regardless, it WILL be combined into my regular qs sooner or later.



As I'm sure you've seen multiple data points with the type of product/CL you were approved for, its stand-alone growth will definitely be limited within the current "bucket".
What remains to be seen is whether it'll grow beyond $2K or even $3K. I guess only time will tell, but it sounds like you'll combine it either way at some point.

Yeah, I know it's not gonna grow into a 10k monster. And it makes no sense to keep the qs1 when I have a qs to combine it into. Question was more about timing. I may hold off until 6 months from now and try for another CLI, then combine if I dont get one.

    
Message 23 of 24
FinStar
Moderator Emeritus

Re: Is it Time?


@Brian_Earl_Spilner wrote:

@FinStar wrote:
Soooo...I noticed people posting about getting approved for CLIs. I went ahead and tried since I'm paying it down and figured it wouldn't hurt. Got a counter offer for $500. Pretty stoked to finally break the $1000 barrier again with Cap1, but I'm still combining it, lol. Unless there are data points showing growth will continue now that it's over a thousand. Regardless, it WILL be combined into my regular qs sooner or later.



As I'm sure you've seen multiple data points with the type of product/CL you were approved for, its stand-alone growth will definitely be limited within the current "bucket".
What remains to be seen is whether it'll grow beyond $2K or even $3K. I guess only time will tell, but it sounds like you'll combine it either way at some point.

Yeah, I know it's not gonna grow into a 10k monster. And it makes no sense to keep the qs1 when I have a qs to combine it into. Question was more about timing. I may hold off until 6 months from now and try for another CLI, then combine if I dont get one.


I think 6 months would provide a feasible timeframe to assess whether it merits keeping it longer (if any CLIs have been fruitful) or combine it to keep things simpler.

Message 24 of 24
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