@johngee9876 wrote:I'll try to make this as simple as possible
I declared bankruptcy in 2017. At that time, my mortgage stopped being reported on my Credit Report
A couple of times, I made an attempt to apply for an Apple Card and was declined on the spot (no hard pull no problem)
Earlier this year, I was approved for a small limit/high interest. I have other cards that I'm responsible with and don't need the credit so I opted to hold out for a better offer.
6 months later, same offer.
Refinanced my mortgage in August. Paid off a car loan (old paid off car was totalled when I got rearended a couple years back), an old private student loan and a couple other small things that weren't hateful but ate up my DTI.
New mortgage has NOT appeared on my credit report as of today. First payment due 10/1. I expect it will pop up shortly thereafter.
With all the payoffs, my scores are up in general so I checked my Apple Card offer again and lo and behold, they offered me a decent CL (more than 3 times previous offers).
My question is, I know that banks, Card Companies, lenders in general, etc. watch your credit. My credit has not included a housing payment for 4 years and is about to. What are the odds, if I take the offer, that my CL will be decreased as soon as my new mortgage payment appears in the next few weeks?
Overall DTI is ~ 23% including new mortgage payment.
Not sure what "offer" you're referring to.
In absence of a reported mortgage on your credit report, creditors don't assume you live under a rock. A newly reported mortgage isn't likely to change your creditors' impression of your creditworthiness (especially when the payment amount is within guidelines for an affordable housing payment given your income). Don't lose sleep over this.
