crazyapps said:ok, well I submitted about 35 apps today.

Now that's what I'm talkin' about !!!!

You may benefit for applying to several news once at once.

kiasuchick said:I'm in an AOR holding pattern right now. Would appreciate some help if anyone has any thoughts.

My current stats:

HHI: $93k
TrueCredit FAKO: TU790/Ex796/Eq796
Total CL: $142,400
Total Revolving Debt: $4,200
Total Revolving Util: 2.95%

Total TrueCredit Debt: $9,763
Total TrueCredit Util: 6.86%

Citi Business Card CL: $4,800
Citi Business Card Debt: $3,090
Citi Business Card Util: 64.38%

Total Installment Debt (Student Loan): $7,937

INQUIRIES:
CITI 03/03/2007 TransUnion
CITI 02/26/2007 TransUnion
CITI/CBSD 06/17/2006 TransUnion
CITIBANK N.A 04/10/2006 TransUnion
VISA/FDSB 12/28/2005 Experian
BANK OF AMERICA 10/11/2005 Experian

1. Should I pay off the Citi business card to $0 if I wish to apply for another CitiBusiness card?
2. Should I pay off all my revolving debt or pay down a little more and just wait for TrueCredit to begin reporting a low utilization like 1-2%?
3. I was an idiot and request CLI on my CitiBusiness and Citi Dividend card without realizing there was a hard pull. Should I scrap AOR until another 6 months has passed/or bumpage given I have two recent pulls?

ARGH. This is driving me nuts!

so - there's ALOT of info in this thread, but what kind of credit scores do you guys have after these AOR's?

i just don't see how people are 'making money' by acquiring credit cards...

I've always been under the impression that you have 2-3 cards, and keep open only what you need - otherwise it's detrimental to your credit score... I have PRIME A credit score, payoff my cards each month, and have about $100k in CC limits

Toadster said:so - there's ALOT of info in this thread, but what kind of credit scores do you guys have after these AOR's?

i just don't see how people are 'making money' by acquiring credit cards...

I've always been under the impression that you have 2-3 cards, and keep open only what you need - otherwise it's detrimental to your credit score... I have PRIME A credit score, payoff my cards each month, and have about $100k in CC limits

Also, your credit score will bounce back pretty quickly after you repay your 0% (or whatever) loans at the end of the loan period (unless of course you find another 0% deal to roll them into)....then you can wait a few months and do another even larger AOR !! As long as you don't start missing the minimum payments, etc, you shouldn't do any long-term damage to your credit score and may even end up with higher scores at the end since you'll have more credit history and higher unused CL's when all is said and done.

If you just want to print out your credit score once a year and frame it and hang it on your wall, fine, but if you want to use it to actually make some money, come on over to AORville !

Toadster, borrow the money at 0%, take it to a nice bank which pays 5% or better. That is making money not paying less for borrowed funds. Yes, you have to make regular payments to the issuer but since you've never spent the money you're just sending it back to them. It's debateable whether it will ever have to be paid back. My foster dollar balances in my accounts has been increasing since 1998. Yes, I have to pay back issuer A but issuer B always seems to have even more unwanted dollars than I had been taking care of for issuer A. People have been predicting the end of the 0% game for years now and it only seems more available and for longer time periods than ever before to me. It really does get to be a chore caring for all these unwanted dollars, but I love each and every one as if it were my very own.

>> nobody is 'making money' with 0% loans - they're just borrowing smartly

My goal is $1000/month in interest income from my 0% CC "loans"....I call that "making money" !!

Have some in 6% 15-month CD's, have some in 5%+ money-market accounts, etc.....pretty much the same thing that WalStMonky said....

devildoc said:Jobus said:can someone help me please as there is quite a large amount of money on the line.....

How much money are we talking about anyway?


31,000
I think I may look at prosper instead.

jimbocobb said:>> nobody is 'making money' with 0% loans - they're just borrowing smartly

My goal is $1000/month in interest income from my 0% CC "loans"....I call that "making money" !!

Have some in 6% 15-month CD's, have some in 5%+ money-market accounts, etc.....pretty much the same thing that WalStMonky said....

so what's your takehome pay from the taxed interest?

Do payments made only a few days overdue end up on your credit report as late payments? Or is it only payments late by 30 days or more that get reported late?

Until today, I haven't had a late CC payment in many years. So Ive forgotten. But I just realized I messed up one of my scheduled AOR payments, and missed the due date by 4 days. I immediately paid off the $5K owed on the card, since I've lost the 0% interest rate.

Will this get reported to my credit report as a late payment?

for those of you getting AMEX cards, since most of them waive the annual fee for the first year, do you just use them for the first year for their 0% 12 month BTs and/or credit limits, and then right before a year is up, close them so you won't get an annual fee on the 13th month statement?