@Swmjason wrote:
Thank you everyone in advance, you all have helped me get to this point. From mid 5's to improvements: Please advise: Current situation. F8 Scores; TU: 660, Efx 720, Exp 640 In April of this year I will be at 3/24 on both TU & Exp, Efx is 1/24. CUR: 60% and dropping every week approximately 15% paydowns every week. I staggered the statement dates on the days that I receive funding to stagger the cash / flows. Twas a good decision! However, an account had not paid me back in late October, hence I used my credit for operations: mostly diesel fuel and truck repairs. In the meantime, I have a mechanic bill that is due. $11,000 and a large insurance bill coming for the truck. ($3,000). Questions/Advise: 1. do I request a Personal loan? OR another MCA (merchant cash advance) 'ugh". If so, from whom? 2. do I app for an additional card? If so which card/bank? 3. Is waiting for the Chase credit cards really worth it?>>>>???????? Current banking relationships: 1. Biz @ WF 2. P NFCU 3. Penfed 2 cc at NFCU ( did not ever know how to push the 'Luv button', been over 1 yr with the first (green), and 9 months with the second (blue). 1 Auto loan NFCU (prepaid for 6 months in advance; always been paying more than the statements (on all bank products-unsure if good or not). 2 SSL's ; one with NFCU (50%paid, 36 mth term), the other PENFED (50%prepaid). AMEX (blue) & Amex (plat) I have been originally sending my Direct deposits to them. Cash balances are low. Any suggestions please? And thank you very much!
Well I don't have any magical ideas for your situation, other than to suggest:
-NOT getting an MCA; they make things worse not better
-joining a credit union that pulls EQ for credit cards and applying for a non-rewards platinum card with no balance transfer fee (examples of credit unions which have that type of card, which I believe will pull EQ: AOD, Chartway, Langley, Interior, SECU MD).
