I've been carrying about $45K on my PSL cards for a few months. I've also been letting my Amex Plat statement cut with balances of $10-12K during that same time. This has depressed my scores to just under 700.
Yesterday, I paid everything off except a Discover card that has a $10K balance (it just lost its inroductory 0%). I expect my scores to all bump up to about 750-760 next month. My last late is 36 months ago (but they were serious -- 90+), so I'm definitely on a dirty card.
My plan is to pay the full balance on the Discover card within the next 30 days, but I'd like to have a backup plan in case that doesn't work out. Any reccomendations on a solid BT card I could throw in for?
@jasonbourne84 wrote:I've been carrying about $45K on my PSL cards for a few months. I've also been letting my Amex Plat statement cut with balances of $10-12K during that same time. This has depressed my scores to just under 700.
Yesterday, I paid everything off except a Discover card that has a $10K balance (it just lost its inroductory 0%). I expect my scores to all bump up to about 750-760 next month. My last late is 36 months ago (but they were serious -- 90+), so I'm definitely on a dirty card.
My plan is to pay the full balance on the Discover card within the next 30 days, but I'd like to have a backup plan in case that doesn't work out. Any reccomendations on a solid BT card I could throw in for?
The best balance transfer cards are credit union, non-rewards, platinum cards with no balance transfer fee and no cash advance fee.
@Remedios wrote:I'm confused a little here
Your signature has " 0 derogs" but then you also have "last late 36 months" and "36% satisfactory" ..what does that mean
Derogs are a catchall for other types of baddies - generally public records (i.e., judgments, bankruptcies). Late payments and collections are separately tracked. I have nearly 30 accounts (mostly student loans from before I consolidated them) with late payments ranging from 30 to 180 days. That's why my signature shows number of accounts with 30+ and 60+ late payments.
My separating these items out in this way is based on a combination of how MyFico, CK, and Experian all display information. For example:
@SouthJamaica wrote:The best balance transfer cards are credit union, non-rewards, platinum cards with no balance transfer fee and no cash advance fee.
Thanks. Any reccomendatons for any ones specifically?
The best balance transfer cards are credit union, non-rewards, platinum cards with no balance transfer fee and no cash advance fee.
I second this completely. If you have an affiliation for membership with NFCU, their Platinum card has 0% BT fees and 0% APR for the first 12 months. I got approved for my NFCU Platinum with a TU FICO 8 of 674 with recent derogs still reporting.
@creditfan wrote:For more times on BT cards, see below
both are for as long as 21 months
This is really helpful. It looks like my promo 0% ends in January, so if I can't get it paid off by then, I'll be knocking on Citi's door. Thank you!