Staying Under the Radar

[joeyv1985]

All,

Over the past 12 months, I've raised my credit scores to over 100 pts to about Mid 750's(Fico 8) from about 620 a year prior. I recently quit my 6 figure job and started my own company and plan on keeping costs down by forgoing any excessive spending and just do a little gardening and keeping my CU down. I have a relatively slim file, so I understand I just need to keep my nose down and don't do anything irrational. Because of my job change, any tips on staying under the radar of the CC companies? There was some capital outlay that I did 2 months ago, but those should be paid off in the next week. The last thing I want is a financial instituion requesting more info on my income. I just don't want the attention. Input is greatly appreciated. Thanks. 

[sccredit]

Just keep your usage under control and you'll be fine. 

[joeyv1985]

Thank you. I can only assume "excessive" spending, higher CU will put you in their crosshairs. 

[SouthJamaica]

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@joeyv1985 wrote:

All,

Over the past 12 months, I've raised my credit scores to over 100 pts to about Mid 750's(Fico 8) from about 620 a year prior. I recently quit my 6 figure job and started my own company and plan on keeping costs down by forgoing any excessive spending and just do a little gardening and keeping my CU down. I have a relatively slim file, so I understand I just need to keep my nose down and don't do anything irrational. Because of my job change, any tips on staying under the radar of the CC companies? There was some capital outlay that I did 2 months ago, but those should be paid off in the next week. The last thing I want is a financial instituion requesting more info on my income. I just don't want the attention. Input is greatly appreciated. Thanks. 

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The best way to stay off their radar is to not ask them for anything.

[joeyv1985]

What about a Credit Increase using a SP?

[SouthJamaica]

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@joeyv1985 wrote:

What about a Credit Increase using a SP?

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That's exactly the type of thing you should not do.

They always ask you your income.

[joeyv1985]

Gotcha

[dragontears]

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@SouthJamaica wrote:

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@joeyv1985 wrote:

What about a Credit Increase using a SP?

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That's exactly the type of thing you should not do.

They always ask you your income.

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+1 

Some also ask for the name of your employer 

[zerofire]

The cards should be properly managed without any ridiculous spikes in spending. Extra $5-10 on food is fair game but the $5,400 bedroom set should probably wait. Asking for anything except a CLD or closure will usually show the new income and possibly employer if not other things. The biggest thing they are going to be pissed at is if you miss a payment or have a payment bounce. Neither things are good even during positive times. If you list the lenders we might even be able to tell you what their tendencies are. Some care more than others.

You might want to check out the abbreviations list as CU is Credit Union. It looks like you are using it like Util or Utilization.

[joeyv1985]

You might want to check out the abbreviations list as CU is Credit Union. It looks like you are using it like Util or Utilization.

Sorry about that zerofire. 

As far as lenders, here they are:

Wells Fargo-Mortgage

Wells Fargo-Car Loan

Chase Sapphire Preferred($5K Limit)

Citi Double Cash($11K)

Citi Aadvantage($8,500)

Capital One Venture One($4K)

The Chase and Citi cards were opened about the middle of Q1. All cards are at zero balance with the exception of the CSP, which is my go to card. Credit Utilization is at about 10-11%, but I should be under 7% in the next 2 weeks or so. Also, I opened up a Wells Fargo Business checking account about 2-3 weeks ago. The car loan I'll probably pay off sometime in Q4 if not earlier. Articles of Incorporation and EIN# were created in early May. Let me know what you think.