Your assumption is right when you deal with human being. When computer makes a decision it sees low CL's, it gives low CL's. The same with inq.'s. When computer sees bunch of inq's from morgage shopping or car shopping it counts each inq. and denies for too many of them, though morgage/car inq's should be counted as one in 14 (or 30, do not remember) days window.
@Anonymous wrote:
I base that statement on the fact that 95% of the Walmart/Target store cards underwriters see on credit reports are toy limits. Unless the underwriter is incompetent, they will see the patern and not make a lending decision based on that particular limit.
@wmarat wrote:
Your statement is based on ... what?
@Anonymous wrote:
High CL's beget high CL's, the other way around, i dont agree with. UNLESS all you have is low CL's. BofA isnt going to give you a 500 limit just because you have a 500 walmart card, when you also have a 9000 chase account. Underwriters understand low CL is the nature of the beast when dealing with walmart/target/etc..
@Anonymous wrote:
Low CL's beget low CL's.
@Anonymous wrote:
@Anonymous wrote:
Low CL, high APR, why would you want one?
because he is the appaddict!! =) If you PIF and have anough CL to buy your groceries for the month, the low CL and high APR doesnt really matter.
Message Edited by fender on 01-22-2009 06:04 PM
IN VINO VERITAS.
