approved by one main - any other options?

[Anonymous]

---

@jg1983 wrote:
It will be my highest limit. All of my cards combined don't add up to $5000. That is why I was considering trying for a CLI on my NFCU credit card.

---

Have you read thie thread on NFCU CLI? Here it is in case you haven't.  http://ficoforums.myfico.com/t5/Credit-Card-Applications/Navy-Federal-Thread-for-CLI-and-Additional-...

[Anonymous]

In case you haven't seen the thread on NFCU CLI here it is. http://ficoforums.myfico.com/t5/Credit-Card-Applications/Navy-Federal-Thread-for-CLI-and-Additional-...

[jg1983]

I will be at 3 months on the 28th. Should I wait until then to try for a cli? Should I do it on the website or over the phone?

[Anonymous]

---

@jg1983 wrote:
I will be at 3 months on the 28th. Should I wait until then to try for a cli? Should I do it on the website or over the phone?

---

I would wait until the 28th. It probably does not matter if it was phone or online but I'm not sure.

[enjoimorenow]

I think you have to wait 6 months now for CLI requests at Navy, but maybe that only applies to credit cards?

[Anonymous]

Given your struggles to make this happen I would suggest you worry less about a few months of high utilization and focus more about paying the debt off ASAP.  That will fix any credit hits the fastest way possible.  VMMO.

[MauiMan85297]

---

@Anonymous wrote:

Given your struggles to make this happen I would suggest you worry less about a few months of high utilization and focus more about paying the debt off ASAP.  That will fix any credit hits the fastest way possible.  VMMO.

---

+1, don't worry about the "TEMPORARY" hit to the scores as they will bounce back after 50% of util or <, 30% interest is your biggest concern- just say NO to 1Main.

[jg1983]

So I applied for a personal loan for $5000 and to my surprise after a 24 hour review I was approved. The interest rate is 18%. I don't know yet what it is for the line if credit. I am probably better off using the loan and not touching the line of credit so my utilization goes down right?

[Anonymous]

18% interest is insane man.

[jg1983]

True but it is a 60 month loan and I plan on paying it off way early.