cancel
Showing results for 
Search instead for 
Did you mean: 

Maurice's Credit Card

Highlighted
Regular Contributor

Maurice's Credit Card

Hello all!

So my SO is thinking of applying for a Maurice account and I wanted some thoughts.

She has a Kohl's in good standing and both are Cap 1. She has one recent inquiry for a student loan and then her others (2 others) are over a year out. She does have a fico in the low 700 with one card at like 92% utilization. No derogs.

The question is what do you think approval odds are or should she wait until Dec to have a few inquires drop off?















/
Message 1 of 5
4 REPLIES 4
Highlighted
Valued Contributor

Re: Maurice's Credit Card

How is her Debt-to-Income ratio? 

The thing that most concerns me most is that high utilization of 92%.

Depending on other debts (car loans, mortage, student loans etc.) versus her reported income, they might consider her overly stressed.

 

For a store credit card, I would think her FICO would be fine.

They tend to be a little more relaxed for those.

 

Three inquiries should not be a problem either. 

 

Overall, I think she would be fine to apply now as long as DTI is not a concern.

 



Updated 10/08/2020
Total Length of Credit = 35+ years; AoOA (Currently open accounts) = 27+ years;
AAoA = 8+ years; AoYA = less than 1 year (Aug 2020)
Total Open Credit Lines Over $538K. Utilization Less Than 1%.
Inquiries until Nov 2020 (TU:3 -- EQ:4 -- EX:9)
New Accounts: 3/6 months; 8/12 months; 12/24 months (as of 10/15/20)
*Hover cursor over each card to see name & CL, or press & hold on mobile app.
Message 2 of 5
Highlighted
Super Contributor

Re: Maurice's Credit Card


@TwilightSymphonie wrote:
Hello all!

So my SO is thinking of applying for a Maurice account and I wanted some thoughts.

She has a Kohl's in good standing and both are Cap 1. She has one recent inquiry for a student loan and then her others (2 others) are over a year out. She does have a fico in the low 700 with one card at like 92% utilization. No derogs.

The question is what do you think approval odds are or should she wait until Dec to have a few inquires drop off?

Ascena sold a majority stake of Maurices to OpCapita a few months ago, so hopefully Maurices should at least continue to operate (with some store closures, perhaps) in the very possible event Ascena goes bankrupt. I don't know much about OpCapita or its finances.

 

I don't know Maurices well, but in the absence of a bonus I would want a bit more visibility about a retailer's future before I got a store card.

Spend: BofA PR + WWFCR, BBP, Schwab Platinum, CFF+CF, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum, "Old" SPG95
SD/AAoA Ballast: Arrival, CFU, DC
Upgrade/downgrade games: BCE, EDP
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 3 of 5
Highlighted
Community Leader
Super Contributor

Re: Maurice's Credit Card

IMHO, your SO should not apply for anything until that UT is <28.9%, even better if <8.9%. 


DEC 2019: EX 816, TU 820, EQ 810
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $40.5K || NFCU CashRewards $30K || Discover IT $24.7K || Macy's $20K || NFCU CLOC $15K || CitiCostco $12.7K || NFCU Platinum $12.5K || Apple Card $6.5K ||
Message 4 of 5
Highlighted
Regular Contributor

Re: Maurice's Credit Card

Thank you all she is going to hold off for a bit.

Interesting about the buyout though I will let her know that!
















/
Message 5 of 5
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.