If you could get a consolidated debt loan with installments, it would benefit you the most. Right now, you have some close to maxed out cards. Dropping those to nearly 1% util will give you a significant score increase regardless of having the new installment loan. An installment loan with a high balance will cause less ding on your scores than having high util on revolving credit.
⋅ INQs: 6
What are your scores... and do you think you have a chance of some soft pull CLIs? Since you just closed on the hourse....
Or were these cards obtained right after closing on the house in July?
Was wondering if you could get some CLI increases and BT offers in addition to a consolidation loan...
Know that your util is a bit high but... if your eligible id shuffle some of that debt into a BT offer because the consolodation loan will likely not be as sweet as a BT promo APR...
*looking intently at the Discover card.... for possible soft CLI and the BT offer"
Have you tried for a CLI on your discover ?
(Also would check the FICO score avalible on the account website for discover)
Is the option avalible in your account screen?
Id try for it.... (barring this is not a secured account and it will just say you cant do this)
If it requires an HP... the website will ask this separately.
If nothing else, it might help your util a bit.. and if they give you a decent amount. it will give you room to BT
I dont expect a large CLI enough to hold all your cards but.. I used a little more of my CL than i should with mine and they did do the increases still...
Also do you think your scores (and having the account long enough) might make you eligible for the "3x CLI" on your Amex?
your not going to BT to it.. you just are trying to improve your utilization...
I believe thats a SP as well....
This is my thought process.. if you get the CLIs before the consolodation loan, you may get better terms on the consolidation loan since your UTIL wont be quite as high...
Plus.. you can offload some of the balances to the discover using the BT offer which will likely be at a much lower APR than the consolidation loan...
You probably will not get huge increases and there may be some denials, but I suspect youll get a little love.. not as much as if you werent using as much...
Unf I think Navy is a HP for a CLI... (Yep it is... Dont want the HP if you can help it)
And Not sure if Cap one is worth it right now.. (Update...Cap One too is a SP.. but check the forums for the how)