Funds already in my checking! Ive never had that much at once in checking. I feel like s thousandair
Wow, from Monday to Wednesday, approval to funds transferred, Amex dont play
Good for you again, Joey!
I'm more than a bit jelly!
Thanks Tcbo, i hope you can find that perfect loan too. If you dont have Amex i highly recommend to get one as this can be a nice end goal
I have AU status only on Amex. (X2)
My Experian still needs to grow some more before I'd have a reasonable chance for any USABLE AmEx products... for me.
Yay you, tho!
Thanks Ric, Jen, and Joe
Wow Joe, that is crazy indeed. Im still blown away. I cant recall, but it said apr no higher than 8. something%
I wish my Dad could get something like this. Cant wait to tell him.
@AmEx give me the same APR as yours. But with BBVA I got a better rate I got a preapproval up to 50K @ 7.59 for 36 months if i have a banking account with them I will save 1% so it makes it 6.59 . CONGRATS AGAIN D
Thanks Joe. Yeah your BBVA rate is awesome. How much did you take if you dont mind sharing?
I had not made my mind up yet on how much but i am thinking about 20 to 30K here's a photo of 20K
Interesting they offer up to 72 months. I guess the good thing of a 3 year loan is it gets paid faster. Hope it helps and good luck with your decision
yes it's i wish they offer 7.59 for 72 months lol i would JUMP on it lol
Mine is 36 months. Considering Amex is lending me quite abit of their money i really want to do well, barring life events. Now my mental is switching over to not buy anything non essential on my current cards as nd only if i can pif at end of month. Pay bills ,save a little, and see where i am credit wise in 2 , 3 years
Congrats on the AMEX CC consolidation loan. I read your "reset" thread and this loan seems like the right next step to achieve your PF goals.
As far as limiting non-essential spend, make the goal achievable by
On the last recommendation, it's easier to monitor spending trends through the month when you can log in to a single account and see your PIF balance.
Good luck and thanks for sharing all aspects of your credit and personal finance journey!
Just an update, Amex finally reported to TransUnion. Scores continue to plummet. As my creditors updated me paying off debt with loan, before loan reported my TU vantage dropped to 702 from 726. Now this loan appeared lost another 2 points on vantage to 700. Last Tu fico 8 that
updated on 19 Nov, dropped me to 719. TU just seems to get worse which for me not good when i have one of my moments of depression. Just like texting and driving , dont app when depressed lol.
Anywho, not sure of damage yet to EX or EQ, will update when they report. So took about 2 months plus to report for a data point.
Hang in there... the initial drop is to be expected (since it's reporting at near 100%). In a few months when the balance starts to drop you'll begin to see some of that sweet FICO goodness that comes from having a mix of account types (i.e. an installment loan).
I had the opposite happen when my Amex loan was finally PIF; I dropped from 821 to 781 literally over night (yep, lost 40 points in one day). Once you get a little of the balance paid down you'll see that having an installment loan really does make a difference!
Edited to add: The old statement "ignore Vantage" is never more true than in this instance; while I was juggling all my accounts around my Vantage score was often 60-80 (and a couple of times nearly 100) points lower than my FICO 08. Don't let it bother you... it's just "drama".