toledobill

So on top of my wife applying I applied last week.  My credit karma score at the day of was 668 with 2 percent utilization.  aaoa 3 years.  If you read my review above I will add that this is about me applying.  My up to date fico I have not ideal.  Was at 717 for transunion for 38 percent utilization.  Estimate was going to be 750 to 770 is after posting 2 percent utilization.  I was just to cheap to buy another score but will tell you this.  I was approved instantly for 6500 dollars.  As I noted above do not believe in your ck score probably way high or low.  My wifes was only 10 points off though. 

They pulled experian for me and my wife.  FIco experian scores are no longer available to the general public.  However my experian score according to them was 732 at the time.  My fico equifax is was 665  with 38 percent util.  It was estimated by them that it would be around 690 to 717.  However as I said they pulled experian for me and my wife.   No problems with citi yet.  these are the first cards I will have ever had through them. 

my wife has this card.  was shocked.  they asked how much she wanted she said 1500 they gave 1500.   Score probably in the mid to lower 600 hundreds.  it was when things were real tight.   Hsbc.  go figure.  On another note.   I have the best buy master card for 6 years now.  Same 400 dollar limit from when I opened it.  Denied credit limit increases all the time.  I have fico scores in the mid to low 700s.     F*** hsbc.   Now my credit is good enough to get interest free from place that have better deals then best buy.  I will be having my wife close her two hsbc accounts this month.  BB and hsbc can take a dive if you know what I mean. 

ck scores are way off.  mine is 654 but i pulled  my fico score and it was 717 for the same report.  that is good credit 8 points away from what they consider excellent credit.

ck scores are way off.  my score on here is 654 through trans union but my actual fico through transunion is 717 go figure.  they were 63 points low for me.  Not good. 

No complaints with citi yet.  I had my wife apply for this card yesterday.  She stated 55k household income.  CK score of 685 but fico of 695 for same report.  She had 2 charge offs over 5 years old. 

she has her highest cl on a best buy card of 1500 and same with cap 1.  She was at 98 percent usage two months ago but paid her down to 38 percent usage and waited for it to post.   

It initially did not give us a decision but then I googled a number and called it 888-201-4523.  I went through the prompts and said we could not approve you at this time.   It gave and option to speak with someone about your application.  I had my wife try it and offices closed.  Darnit.   I was hoping to speak to the underwriters in hopes they would reconsider.  Thought owell I will have her call in the morning.   It was like 3 am at the time. 

Okay noon today called the number and was going to ask to speak about my  wifes app. or have her do it.  Then I hit the check app. status button again and went straight to customer service.  Not the same message I recieved last night when we called.   I had her talk to them and they said the app was approved.  No info. needed either.  I guess the way they do it they could not approve the application at the time because it was 3 am but business hours they must have reviewed and approved without us calling.  So I suppose they did not approve since they were closed.  lol. 

Anyway approved 4k credit limit based on info. up above. 

On a side note.  My credit karma score was 680 and I paid off from 99 percent utilization to 75 and my score fell to 647.  Was very discouraged.    Now my utilization is at 40 percent and it went to 654.  What the heck.  Estimator saying that my score will go to 669 when all my cards post as paid and down to around 5 percent usage.   Blows my mind.  I was wanting to apply for a elite type card or at least one of this stature and get a nice cli.  however with these scores did not think it would happen.  Was optimistic at first because my score was 680 at 90+ percent utilization.   Knowing I was paying off all cards I thought man mid 7s possibly.   

Well last night enough was enough.  I pulled my wifes fico tu and my fico equifax I had to know for sure whats going on.    To my surprise my tu score which is 654 on here is 717 on fico.  I used there estimator on fico and it said when my utilization reports as it will under 5 percent my score will be a minimum of 737 but as high as 777.    This is fico.  Tu is the same score they use on here.    My equifax is 665 but same when my utilization post I will be at minimum 707 as high as 737.  Experian I do not know since ficos are not made public any more.  But there plus score when I was at 75 percent usage was 692 so I imagine the fico will be around 700 or higher especially when usage is under 5 percent.     Again not my wifes score on here is 685 and her real tu fico is 695.  This score was lower in both cases.  In my case way lower.  I have heard it going either way.   But I tried to give as much helpful info as possible on here. 

Just please people be leary of scores here.  Fico offers a trial offer.   I also found this promo code I used last night that gives 25 percent off.  I used fico25   it worked for me.    Just google the free trial.  It is for score watch.  It will not give your full credit report on the free score but you score and estimator will be there.  The 25 percent option is good for all products.   

Hope this helps.   Have a good day all.

Yeah.  I am very skeptical of there scoring system.   I  had a score on here of 685 and Paid an account off but left it open and it dropped to 647.  Go figure.  Was very discouraged.  Was wanting to apply for some cards and that did me in.       I decided today to pull my ficos.  My transunion score with them is 717.  go figure that difference.   I heard they were either way on or off high or low. 

Yeah.  I am very skeptical of there scoring system.   I  had a score on here of 685 and Paid an account off but left it open and it dropped to 647.  Go figure.  Was very discouraged.  Was wanting to apply for some cards and that did me in.       I decided today to pull my ficos.  My transunion score with them is 717.  go figure that difference.   I heard they were either way on or off high or low. 

From what I know it is very unlikely you will be able to buy a house without paying the collection account off.  The thing is many people say if you pay them off they lower your score initially.  In my experience it did not lower mine and I paid alot off.  It does not raise it either though. 

As far as the collection agency goes some buy the debt rather cheap.  The older the cheaper.  Some collect in house.  I always tried to pay the original creditor.  However if the debt is sold then they cannot collect the money. 

In house works on a commission like while the other types are working on straight profit. 

I would dispute the debt if you could and say it is not yours.  If they cannot provide proper documentation then they cannot keep it on your report.  Dispute it through the collection company though.  Credit bureaus do a crappy investigation. 

It will come off after 7 years but if you make a payment your reset that 7 year  window.  If it is close you may want to let it go.  If not then just pay it. 

As far as orchard bank.  Not a good card regaurdless of reviews.  I would try capital one.   My friend was declined online only to get a card with a 500 dollar limit a week later.  He only had like a 540 credit score.  Just go through there sight.   www.capitalone.com after you get that and make another payment then apply for a second one and sit tight for a while.  They will be the best credit limits with the least fees.

If they go to collection they will be treated as any other collection account.  Use to be medical bills where over looked but not anymore.  I would put a collection somewhere around a 75 point drop for a new one.  I would just recommend paying the minimun on them to avoid them from going over for collection.

I believe I read somewhere that if you utilize more then 20 percent of your credit cards you will never be able to go over 800.  I believe it was in a fico forum.  I do not know this to be true or false but did sound logical to me.    Time is probably the biggest factor though.  Find people with 800 plus credit scores and they have probably had established credit for years.  You would also have to have probably no more then 2 to 4 active revolving accounts and should have all been active for a long time.  Paying down mortgage faster and keeping various form of credit on your account.  Mortgage etc.    I have a friend that has an 844 fico score.  He owns a business paid off his house has 3 credit cards with big limits and never goes over 10 percent.  This is because he does not have too.  He is too cheap to over spend.

cards will close themselves if inactive long enough. as stated above close newer ones first this will keep your average account age higher.

yes unfortunately they do lie. however it is unfortunate that different companies use different scoring systems. Even for the same bureaus report. No universal score sorry.

yes it use to be 1 year on a job to get a house loan. it has tightened up and now i think they require at leat 2 years on the same job or profession.

it wont be a judgment if you pay it off before that point. I mean agree to pay and drop the suite in writing. especially if you think your guilty. I know a collection account will drop you like 50 plus points. however what i do not know is how a judgement affects your score. This is gonna be your call.

paying off an auto loan is only good in a creditors eyes. the computer is gonna see it however as shortening your account age history. car loans are a negative effect. However creditors do like to see you can balance different types of credit. while how much your debt to income ratio is taken into consideration it is not the major impact on the score. balance on revolving accounts is. a car loan is not a revolving account.

you need credit to establish a score. They usually like you to have 2 or 3 cards. capital one cards are good as long as you dont miss a payment. they use to be pretty decent about slight credit limit increases. I would open it then wait another year or so to open another one or even wait till around 675.

i would normally advise not to pay off old debt. however yours is not that old. I would pay one and try to dispute 1 or 2 at a time and hope to get them removed. then if not pay them off. there not that old so they will be there for quite a while. If you make a payment though you are delaying the falling off period of usually 7 years.

These people are way off. Every company uses there own scoring system. I pulled my experian report from them and it was 695 then pulled the same experian report from a third party and it was 605 with all the same info. Then here is a kicker. I got a mortgage and they pulled it was 665. It is different with each company. Do not believe and different. It is just to give you an ideal.

a car loan is and installment contract. really does not do much to improve your score. actually hurts more then helps. However they like to see a balance of different kind of credits so its good in that sense. I am guessing though that maybe it had more to do with a slight change to a credit card balance or an inquiry maybe.

watch disputing it with the bureau because the lender may not respond and in effect it will be gone completely. Unless you dont care.

No. Unless you can negotiate they remove them from your credit report or you will not pay it. Get it in writing. This would usually require a full payment.

NO you cannot make them. Alot of companies use this as a tactic to lower peoples scores and keep them with there company. Capital one was famous for giving unlimited credit lines and not putting a credit available line rather just listing the balance available as the balance you spent in essence leaving you with a maxed out card even though it is unlimited.

if you are under no legally binding contract then yes.. I would dispute it and while the dispute process is bull stay on top of the investigation from the bureau and request there documentation cause it is necessary or you will be screwed. If you remain firm that they show the written contract and cant it will have to come off.

this is not true. everything in your report is disputable. however then dont have to honor the dispute if it is deemed by them frivolous. if you admit they are yours though they will not get removed. I called and disputed mine and they tried to tell me they are not disputable. However by the end of the call I had the lady so mad and flustered that when I updated my report the next day they had removed all 7 of my inquiries.

by law that was suppose to come off your credit report 7 years after your last payment. the is governed by the fair debt collection practices act. not to mention alot of states have shorter deadlines for being held accountable. If you have made a payment in the last seven years then you reset there window. If you have not then don't. let them know that the account has been what they call reaged and that you know that it is illegal for them to do that. they will try to convince you that they just got the debt so that resets the time frame. however that is a lie. let them know that if they do not take it off your report you will come after them in court. you may use small claims. however some states do allow a longer time frame for collection for written contracts however if they cannot supply one it does not matter. the general rule with credit bureaus is seven years. I would just dispute it with them and they should remove it.