Edit

Forums
Finance

Diablo's AOR [Stage 3: BT money now sitting in account] Archived From: Finance

  • tweet this
  • Post to Facebook
  • Text Only
  • Search this Topic »
  • Classic
alert mods    

DiabloD3 said:Updated:
Eq to 697 from 713
Ex to 696 from 716
TU to 697 from 725
PFICO to 702 from 712

Recent additions:
So, I decided to try for a Citi card again, a Diamond Preferred Rewards card for the 5% in TY points for groceries among other things, and not only got it but a $4k limit; shortly after, Citi calls me and offers me a Citi Professional card, which I accept the offer and not only get it, but also get a $10k limit (JACKPOT).

THEN HSBC sends me a letter offering me their new Household 2% CashBack card, which I applied for and received a $500 limit, and I've also requested that my other Household card to be merged into the new one (giving me a $1k line total, hopefully). The request is still in the queue.

I currently have 1 Eq, 4 TU, and 11 Ex hard inquiries. My average card age is 10 months, and my total history is 1 year and 9 months long.

The RevolutionCard has not appeared on my report, has anyone else seen this on their reports?
And this all happened AFTER your chase balances were paid down, right? It funny what that (along with a little bit of time) will do. As you were told from the getgo, you had to get things in order first and have some patience. Glad to see it's finally working out for you.

Now, just dont get all gung-ho again - if you do much more, expect your hands to be tied for another 6-12 months. If you want to leave yourself with more options in the near future, then hit pause for a bit and let these new developments settle in before continuing.


alert mods    

I am victorious! All three FICO scores are above 800!

...

April fools!

So yeah, scores mostly stabilized compared to last month. I currently have no Eq or TU hard inquires on my reports again (thank God for bumpage). Ex still has 11 inquiries, which 3 are up to disappear in May.

Eq: 692, down from 697
Ex: 705, up from 696
TU: 689, down from 697

Household completed my combine cards request, and my 2% CashBack card is now $1000. I'm really hoping that within the next 6 months that other banks notice my Citi Professional's $10k limit and automatically up to match.


alert mods    

You know, over the next 3-4 months, you'll have some cards age 6 months, and some age 12 months. That might help a bit. The most important thing is still to keep utilization low AND KEEP THE INQUIRIES DOWN.

I don't know what kind of household income you've been reporting on the apps. That is, unfortunately, quite a limiting factor for these things.

I would guesstimate that after a 4-6 months of keeping your nose clean, you might really be ready for a full on AOR. Scores might still not be too high (they'll probably hit a medium-term plateau), and results might not be too impressive, but at least you'll have a good chance of getting cards with most of the major and middle banks out there.


alert mods    

Just jump off a bridge, Diablo. No one wants to hear about your crappy credit scores, serial CC applications, and lack of self-control. I loathe you.


alert mods    

B*


alert mods    

Actually, diablo, had you taken advantage of the citibank CLI on crack feature? Did that make any difference?


alert mods    

Yeah I did take advantage of it, and it changed the score decently, about +20 points average, and it turned my Citi Diamond card into a $25k card, but left my Citi Pro card at $10k (due to a 6 month no CLI rule that applies to new Pro cards but not new consumer cards, apparently).

Now, the other day Chase upped limits on both of my cards without me asking to $10k each (up from $2k and $1k). My recent score average is at an all time high.

       Equifax Experian Transunion WAMU
May    687     674      686        697
June   729     710      725        716
July   723     726      715

Edit: I wish this forum had a symbol that outputs an html fixed width text tag
Edit 2: I updated the first post to reflect whats happened thus far.
Edit 3: Okay, Citi CLI crack changed my score more than I thought.
Edit 4: C tag ftw.


alert mods    

- Could you re-re-edit the OP to show what the initial credit lines were on the cards before the CLIs?

- What's your inquiry situation like right now, how many, and what age?

- I think the "code" (C) tag can work to do fixed-length formatting.

- Tentatively, I'd still let these accounts age some more and bask in the big credit limits, hold off on more inquiries, pay down balances, and then you could probably go for a real AOR.


alert mods    

Ahh, the C tag isn't in the symbols popup. I assume it does the code html tag.

I'm not currently looking to add any more credit yet until my youngest accounts hit 6 months and average age hits a year.

Inqs are currently screwed up because of TU's happy time super fix plus (f$%ktards).

Eq has one thats not even a week old (tried to get HSBC to CLI on my 2% card... no go), Ex has 8, newest is 4/2007, oldest is 8/2006, TU has 8, including three from Feburary that came from the Household 2% card and the two Citi cards. So yes, TU is up from 0 to 8.

I'll re-edit the op to reflect original credit limits as well in a second.


alert mods    

For August:
Eq: 704
Ex: 701
TU: 700
PFICO: 704 (As of July 1st)

Inqs:
Eq: 1
Ex: 8 (1 to bump off by the end of this month)
TU: 1 (BUMPAGE WORKS AGAAAAAAAAIN!)

Average age of all cards: 12 months
Age of newest card: 5 months

Dear FW: When do you think the credit market will stop sucking? Tommorow? 6 months from now? 6 years from now? By the time I'm sending my grandchildren off to college?


alert mods    

Who knows? And when it stops sucking, who knows if the environment will be better or worse for AORs?

I say you set an arbitrary time for the AORs, and to hell with the credit markets. Base it on inquiries. Make it so that your NEWEST inquiry, on any bureau, is either 6 months or 12 months old, then go for it.

Because you're approaching a plateau in your credit scores and credit lines, where the only way to raise them is to get older and have grandkids, or make more money.

Also, try making more money.


alert mods    

Making more money isn't even an issue theoretically. I can lie about my HH income (except to AMEX since they actually will call people's bluffs). NOTE: NOT THAT I AM RECOMMENDING PEOPLE DO THIS, CONSULT A LAWYER AND YOUR RELIGIOUS OFFICIAL OF CHOICE BEFORE HAND.

I may just try a forever rolling AOR. Also, it seems the number of credit lines I have that are in $0 standing are really increasing my score, and I'm not entirely sure why... my total usage is below 20% and below 90% on any single card, so that shouldn't be kicking in that hard.


alert mods    

The number of cards that have ANY sort of balance also is a minor factor in credit scoring. Lots of cards with balances, even if small ones, will lower it slightly.


alert mods    

Hmm, interesting. Is this fixed math, or is it based on the number of lines you have?


alert mods    

Beats me, but it's been cited as a factor for adverse action. "number of cards with balance" as opposed to "balance carried on cards".


alert mods    

Re: bumpage
I'm currently using NatCity, Chase ID Protection, and CreditKarma.

On Equifax, NatCity and Chase ID Protection have a slew of inqs going back to Feb (out of 96 total), and have bumped hards off.
On TU, CreditKarma and Chase ID Protection have only a few dozen inqs going back to July (out of 71 total), and I only see four from NatCity. Hards have bumped off.

I think based on this, I think NatCity is being canceled as TU is where I get the most hard inqs.


alert mods    

So, you're spending like $40 a month to bump off a single TU inquiry and a single Equifax inquiry?


alert mods    

*cough* Actually the TU one left. Its just a lone Equifax one now.


alert mods    

http://en.wikipedia.org/wiki/Cost_benefit_analysis

Hell, just go for it now and get it out of your system.


alert mods    

Maybe soon. I wanna get balances back down (had to charge $4k lately) before I go for it. I'm afraid that if I go attack AMEX, BOA, Discover, and whoever else I don't already have cards with, they may just flat out deny me for a card or (for cards this is an option with) not give me a 12 or 15 month BT but just a 6 month BT.


 Close

Sign Me In
Nickname: 
Password: 
Remember My Login Information:

Forget your login information?

Not Already A Member?
Sign Up Now!



Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.


While FatWallet makes every effort to post correct information, offers are subject to change without notice.
Some exclusions may apply based upon merchant policies.
© 1999-2009