Hello, I'm not sure if this is the right place for this. If not, please let me know.
A family member left my wife and I a house in a will, and we are planning to move in May of this year (our lease will be up). The house needs to have the floors replaced, and a few small repairs done. I'm estimating $10k in work. This really needs to be done before we move in. I can take money out of savings, but it would be a big hit. I would like to use a NFCU platinum or Lowe's card to cover half of the expenses. However currently I don't think that's possible to get till June of this year, maybe Aug.
I know the Defaulted Student Loans and the collection from Adastra are killing my score.
The student Loans are in rehab, so I can't speed that up. That completes in May this year. Hoping to reflect on my reports by June.
Ad Astra from what I've read won't budge on the PFD till 2 years. That's June of this year.
I prequalified for all of NFCU cards, applied for platinum and denied last night. My Secured card graduated to Cash Rewards November last year. I also did a CLI on my Amex last night and was given the 7-10 days message. I periodically check prequalified offers, and the only one I'm getting is Capital One. Credit One pre-approved me for the Amex with a $1500 SL. I really don't want to accept this though.
I've been rebuilding my credit for a few years now. I have been lucky with PFD, and some baddies have aged off. This is where I currently stand.
1 Collection Reporting on all 3. Ad Astra $4500. I know I can PFD after 2 years. The 2 year mark is June of this year.
Amex Delta Gold $1000 SL. I was approved in January. The card has had $0 balance on the statement. It is not reporting on any of the three though.
I have 8-10 hard inquires over the last two years depending on the report. 5-6 will fall off my June of this year from each report.
Equifax- Fico 8 631
NFCU Cash Rewards- Graduated from secure, 18 months on time payments. This is my daily driver. Sometimes reports a balance, but mostly paid off every month. $2000 CL.
Credit One Platnium- $450 CL, 32 months on time payments. Never reports balance.
Amex Everyday- $500 CL. Authorized user. 17 months on time payments. Never reports balance.
Sears/CBNA- $11,700 CL. Authorized user. 27 on time payments. Never reports balance. 22 year old account.
Badcock Furniture- $4500 CL. 48 months on time payments. Reports small balance. Buy something every year, to keep account open.
9 closed accounts-
3 student loan trade lines in default. I am in rehabilitation. I complete this in May of this year. $1600 balance between the 3 trade lines. Report monthly CO.
1 trade line went to collection in 2019, I paid it off. Reporting closed paid collection. Affected by natural disaster.
the other 5 are positive, though I have 6 late payments from 2019. 3 are marked as affected by natural disaster.
Transunion- Fico 8 610
Reporting Same as above. Except the Badcock account does not report to TU.
Experian- Fico 8 651
Same as above.
*MY QUESTION*
If I asked for reconsideration on the NFCU Platnium. Explained the situation, and informed them of the student loan rehab, and Ad Astra deletion in May-Jun. Would I have a shot? Should I even mention the Adastra PFD?
