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Updates and data share;
1.Starting scores before spree: Ex 797 TU 781 Eq 781
2.Starting Credit utilisation 14% [because TD biz was reporting with 40% utilization]
3.Citi Costco and BOFA pulled Experian
4.Penfed pulled EQ
5.NFCU pulled TU twice-I am guessing once for account and once for credit card-hopefully the second card denied was NFCU internally.
6.New CLI -12,800 on 3 cards. New credit-59,000 on 4 cards.
7.Scores after inquiries:Ex 792[-5] TU 777[-4] Eq 770[-11]-Can someone expalin why Eq dropped 11 ??
8.Credit utilisation will drop to 9% this month.
Target is to keep utilisation under 8% for the next few months and April 2017 and hope for :
1.Get NFCU card cli 5000
2.Get NFCU CLOC 5000
3.Penfed card cli 5000
4.Penfed PLOC 5000
And in september 2017
1.amex cli card 1 4000
2.amex cli card 2 4000
Is this conservative or aggressive?
Should i apply for any new cards at all if i can get the Ex TU Eq scores back close to 795.in september?
Update;
NFCU rep called to set up parts of account.During the course of conversation, I asked about the denied Platinum card.
The CSR said
1.There was no HP for that card
2.Once you have a couple of months of history with us ,call us and you will probably get the card.
3.Later, I also received a letter for denial stating:Your credit card account is too new
So there.
Citi sent Targeted mailer for Citi simplicity.
Passing on it..
Well done! Congratulations!
Thanks Musiclover.
As i logged into my nfcu account today, the first screen was to apply for Checking line of Credit.
It was tempting, but i took a deep breath and passed on it.
Update:
As my utilization dropped below 9% from 14%, my Experian/Fico score has gone up today by 15 to 807.
In 2 days TU and EQ will also update, i am crossing my fingers if they will also go up simlarly.
Update:
well, the scores did not pan out the way i hoped.
EX back down by 9 to 798.
TU down by 8 to 769.[still shows old utilization of 12%]
EQ steady at 770.[showns new utilization below 9%]
Still not sure when to apply for NFCU cloc ?? or navcheck?
Right away ,after 1 statement or after 3 statements?
Thank you in advance for feedback..
Update:
Decided to go apply for NFCU CLOC with "apply Right Away " option.
Instantly approved for 15K.
update:
Exactly One Month later.
Scores now are EX 798 TU 763 EQ 763
6% utilisation.
1. Applied last week for PLOC over the phone.CSR asked for POI. Sent it in .
25 K approved.
2. Opening Chase and Local credit union business accounts in the next few days.
Will apply for Ink cash . Chase pre-quals for saphire offers popping in my chase account.So tempting.
3. Target of 275K credit by sept looking good.
Thank you all and especially CO_NATIVE for your help and guidance
Update:
Scores now are EX 788 TU 763 EQ 763
6% utilisation.
1. Went ro chase branch-opened business account.[$200 bonus]
Rep said you are approved for business credit card.
Asked her to apply for Ink visa[80,000 bonus points]-approved instantly in branch for SL $20K.
2. Opened a business account in Local credit union.No rush to apply for business credit card yet.
Is it time to garden?
update:
1.chase slate approved SL 10K
2.Amex simply cash Business approved SL 22K
scores now
EX 781 EQ 763 TU 763
utilisation <6%
Taking a breather.
Now waiting for NFCU and penfed CLIs in 3 months -That should take me beyond my target when i started.