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Maurice's Credit Card

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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
Established 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.

 




Total Length of Credit = 35+ years; AoOA (Currently open accounts) = 26+ years;
AAoA = 9+ years; AoYA = less than 1 year (Nov 2019)
Total Open Credit Lines Over $440K. Utilization Less Than 1%. Inquiries until May 2020 (TU:2 -- EQ:2 -- EX:6)
*Hover cursor over each card to see name, CL
Message 2 of 5
Senior 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.

CSR, CFU, BBP, CF, Discover, Costco, ED, Arrival, Schwab Platinum, IHG49, Hyatt75, Brilliant, Delta Platinum, Savor, BCP, Double Cash
May add 100k Platinum for a year then PC to Gold. May add BofA Premium. May add Virgin Atlantic. Likely to downgrade Savor, CSR, BCP.
Message 3 of 5
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%. 

GOALS: Garden til APR 2020 and 800 Club


SEP 2019: EX 791, TU 797, EQ 809
JUN 2019: EX 788, TU 794, EQ 779
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $25K || NFCU CashRewards $20K || Macy's $20K || Discover IT $18.7K || NFCU CLOC $15K || NFCU Platinum $12.5K || AmX ED $11.5K || CitiCostco $7K || CitiDC $6.3K ||
Message 4 of 5
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
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