I joined a local CU here in Orlando (CFE CU), just wondering how long should I wait before app'ing for a CC with them? Below is alittle updated credit info.
FICO 12/27/09: EQ:651 (5 INQ's) TU:671 (4 INQ's) EX: ?? (7 INQ's)
- All INQ's from 10/09, got alittle app happy that month
CapOne: $300 CL / $100 bal
HSBC: $320 CL / $97 bal
Zales: $750 CL / $100 bal
Kay's: $800 CL / $151 bal
Macy's: $400 CL / $339 bal (will be PIF'd on 1/7)
Car loan: $21K bal
(Never been late on any of the above credit/loan accounts)
1 pd collection due to come off in 10/2010 (I sent a GW letter to the CA, so hopefully they will accept and it comes off sooner)
No other baddies
I'm going to make sure all of my other CC's are PIF'd before app'ing
TIA for any tips or suggestions.
With your utility at 31%, I would definately make sure you pay off those balances before you apply. You should see a nice score jump as a result. CUs are typically more willing to extend credit to people with past problems, as you can explain in person what happened and that you have been perfect since.
Your number of inquiries is pretty high, which could be a sticking point if you have a lot of new credit. If any of the inquiries are set to fall off in the next month or two, i would be inclined to wait, but the choice is up to you. Good Luck!
Those balances were basically from holiday shopping. I usually just use my HSBC card to pay my monthly myFICO score watch and myFICO TU quarterly monitoring. My zales, kay's, and macy's I normally keep a $0 balance on them.
Thanks Lynette..I'm trying. Joining these forums have certainly helped me out tremendously in getting my credit back on a positive track.