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?
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
Citi sent Targeted mailer for Citi simplicity.
Passing on it..
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.
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.
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..
Exactly One Month later.
Scores now are EX 798 TU 763 EQ 763
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
Scores now are EX 788 TU 763 EQ 763
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?
1.chase slate approved SL 10K
2.Amex simply cash Business approved SL 22K
EX 781 EQ 763 TU 763
Taking a breather.
Now waiting for NFCU and penfed CLIs in 3 months -That should take me beyond my target when i started.