Credit Card Utilization from 65% to 25% Utilization.

[Feisarr]

Can you explain the First Premier fee? Seems crazy that they charge a fee for paying off your balance.

[yodi2007]

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@Feisarr wrote:

Can you explain the First Premier fee? Seems crazy that they charge a fee for paying off your balance.

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Someone noted somewhere that they charge a fee for not carrying a balance on the card. I just do it because it was suggested.

[yodi2007]

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@Feisarr wrote:

Can you explain the First Premier fee? Seems crazy that they charge a fee for paying off your balance.

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What is your projection of my mortgage scores going up?

[expatCanuck]

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@yodi2007 wrote:

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@Feisarr wrote:

Can you explain the First Premier fee? Seems crazy that they charge a fee for paying off your balance.

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Someone noted somewhere that they charge a fee for not carrying a balance on the card. I just do it because it was suggested.

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First Premier's fees are unclear at best. And they are plentiful.  I'd echo @SouthJamaica's advice to lose that card, unless you truly need it.  And. based on your other cards, @yodi2007, I don't think you do.

https://wallethub.com/d/first-premier-credit-card-594c

[yodi2007]

Update to Fico 2,5,4 scores! Paid for a new report. 

Experian: 575 to 578

Transunion: 613 to 648

Equifax: 620 to 656

Applied for a mortgage and was denied through automatic underwriting, but it is going through manual underwriting through the broker's underwriter. Will post later results when they have returned. 

[mgood]

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@yodi2007 wrote:

Update to Fico 2,5,4 scores! Paid for a new report. 

Experian: 575 to 578

Transunion: 613 to 648

Equifax: 620 to 656

Applied for a mortgage and was denied through automatic underwriting, but it is going through manual underwriting through the broker's underwriter. Will post later results when they have returned. 

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Congrats on pushing the score up a little. Good luck with the mortgage.

[SouthJamaica]

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@yodi2007 wrote:

Update to Fico 2,5,4 scores! Paid for a new report. 

Experian: 575 to 578

Transunion: 613 to 648

Equifax: 620 to 656

Applied for a mortgage and was denied through automatic underwriting, but it is going through manual underwriting through the broker's underwriter. Will post later results when they have returned. 

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Your all important middle score went up 35 points.  Congratulations.

[yodi2007]

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@expatCanuck wrote:

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@yodi2007 wrote:

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@Feisarr wrote:

Can you explain the First Premier fee? Seems crazy that they charge a fee for paying off your balance.

---

Someone noted somewhere that they charge a fee for not carrying a balance on the card. I just do it because it was suggested.

---

First Premier's fees are unclear at best. And they are plentiful.  I'd echo @SouthJamaica's advice to lose that card, unless you truly need it.  And. based on your other cards, @yodi2007, I don't think you do.

https://wallethub.com/d/first-premier-credit-card-594c

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UPDATE:

I didn't qualify for the mortgage because my chapter 13 was discharged in Dec 2021. Everything else was great they said, I just to have to wait one full year. 

[yodi2007]

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@yodi2007 wrote:

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@expatCanuck wrote:

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@yodi2007 wrote:

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@Feisarr wrote:

Can you explain the First Premier fee? Seems crazy that they charge a fee for paying off your balance.

---

Someone noted somewhere that they charge a fee for not carrying a balance on the card. I just do it because it was suggested.

---

First Premier's fees are unclear at best. And they are plentiful.  I'd echo @SouthJamaica's advice to lose that card, unless you truly need it.  And. based on your other cards, @yodi2007, I don't think you do.

https://wallethub.com/d/first-premier-credit-card-594c

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UPDATE:

I didn't qualify for the mortgage because my chapter 13 was discharged in Dec 2021. Everything else was great they said, I just to have to wait one full year. 

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Update #2:

This same lender called me back today and states they will continue with underwriting as there was some confusion about my Chapter 13 and thought I just started it. Awaiting for their response.

Got 2 pre-approvals today from lenders and both offer no origination fees and 995 funding fee. They also offer competative Intrest @ 3.375% and 3.37%. I will wait to see what the other Broker comes up with.