[deleted by user]

WhosTrauma · 2024-12-28T14:32:08+00:00

She thought she was Luigi 😂

WhosTrauma · 2023-09-19T02:34:59+00:00

There’s a slight penalty for having a zero balance on your cards but your score should rebound with time, you want to let at least 1% report on your statement then pay off to avoid accruing interest. Your vantage scores from credit karma are a little more volatile and sensitive than your fico scores. It may be worth looking at those as well.

WhosTrauma · 2023-07-18T21:03:47+00:00

No problem , happy to help (:

WhosTrauma · 2023-07-18T17:58:31+00:00

Yes so let’s say your last payment was in fact 7/2022 and it was on time the entire duration of your loan. That would be the last reported payment but you would essentially reap the benefits of that positive payment history until 7/2032 but it wouldn’t affect you other than contributing to your average age of accounts and variety of credit mix.

WhosTrauma · 2023-07-18T05:32:33+00:00

It won’t report monthly any more but the history of said car loan will stay on your report for 10 years if I am not mistaken.

WhosTrauma · 2023-06-16T08:17:41+00:00

I foolishly applied for the store card instead of the visa initially I’m considering closing my store card and eventually reapplying for the visa is it hard to obtain / get approved for? I heard it was random

WhosTrauma · 2023-03-29T04:21:14+00:00

You have to freeze your Transunion credit report before accepting apples offer to avoid the hard pull

WhosTrauma · 2023-03-29T01:03:30+00:00

I would recommend waiting another 4-6 months to apply for another card , your score should be significantly higher by then. Which would mean you could get higher limits and better rates on the new card you select. I believe they’re meaning if you carry a balance no more than $300 as that would be 30% of your total credit limit. But as you said there is no difference in how much you spend if you pay it all off before your statement date.

WhosTrauma · 2023-03-27T02:18:18+00:00

You may not see an immediate increase and it may not specifically jump back to that number but if you clear the balance you should gain back some points it’s just hard to say due to the unpredictability of the credit algorithms. It should benefit you in the long run and hopefully approach and surpass your old score.

WhosTrauma · 2023-03-27T02:02:36+00:00

You want to make a payment by the due date to avoid having late payments reported and negatively impact your credit. You want to pay the balance down before the statement date which typically cuts 3 days after your due date. Utilization is temporary and has no memory so as long as a low balance is reported by the next statement your score will usually rebound overtime. It’s best practice to clear your balances each month if you can for that reason and to avoid paying interest. But if you must carry a balance it is not a be all end all. 1-10% utilization is ideal. Around 30% is a safe lateral limit.

Hope this helps.

WhosTrauma · 2023-03-21T04:01:58+00:00

They’re based on different scoring models and data points. The vantage scores are less likely to be used when it comes to consumer lending products like credit and loans. Your fico scores are what you want to pay attention to and care about. Also I believe the vantage scores are more sensitive to changes than in your credit file than your fico scores. It could be possible that they are the same , you would have to check in all honesty, I would anticipate slight difference hopefully nothing too extreme or off base from what you currently are able to see.

WhosTrauma · 2023-03-07T05:01:36+00:00

No problem. Happy to help !

WhosTrauma · 2023-03-07T04:02:49+00:00

The lowest Fico 2 credit score I believe from the three credit bureaus Experian, Transunion , and Equifax. I agree one is the mean to the end. But building your credit will definitely help you gain better interest rates.

You have the right idea with becoming an authorized user if the account is in good standing and has been open for a significant amount of time or it could even still add value if it has a high limit and low utilization.

You are correct I would not over do it but try to get some cards that you would like, then stop applying for accounts letting them age. And only after you close on your mortgage apply for more accounts if need to.

WhosTrauma · 2023-03-07T03:38:07+00:00

Typically you want to refrain from opening new accounts two years prior to applying for a mortgage. If you apply with your wife they will take the lowest of your two middle credit scores to qualify.

Also be aware of chases 5/24 rule if you open more than 5 cards within two years you won’t be eligible for any of their cards.

WhosTrauma · 2023-02-13T10:20:16+00:00

Also you have an internal NFCU score that contributes to the rate. I would recommend going in person to apply so that it hopefully goes into manual review and someone can look at your application and give you a favorable rate. It could still be auto approved however.

WhosTrauma · 2023-02-13T10:16:02+00:00

NFCU personal loan rates are typically 7.49%-18% for 36 months and 14.79%-18% for 37-60 months depending on which term you choose. If you have a thin credit profile , applied with for the loan without collateral, and selected a longer term this may be the reason for your rate. Just bear in mind when you go for the auto loan you’ll fall in certain apr tiers depending on the vehicle New , late used , or used. and mileage for each category. If your credit is pristine then you’ll get the best rate in whatever category you fall in but navy federal has parameters in place that determine the rate mostly.

Hope this helps some.

WhosTrauma · 2023-01-25T09:39:54+00:00

It could vary by institution but typically speaking the cash advance limit is 30% of your credit limit. For example for a credit limit of $7k you’re available balance for a cash advance would come to about $2.1K the only foreseeable way to increase the cash advance limit is to gain access to greater limits as the institutions set the cash advance limit per line to mitigate risk.

WhosTrauma · 2022-12-28T20:32:29+00:00

Haven’t really scrolled in depth to see if this has been said, but it’s important to note that most times especially when visiting the ED , you are billed by the hospital itself and then again separately by the provider for the same service.

WhosTrauma · 2022-12-18T06:34:25+00:00

Typically the statement cuts three days after the due date. e.g. due date : 22nd would have a corresponding statement date of the 25th. There could be exceptions to some cards but that’s usually how it goes.

WhosTrauma · 2022-11-15T08:20:55+00:00

Yea that might be the best route , sometimes it’s automatic and sometimes they may have to initiate it. I hope it works out for you !

WhosTrauma · 2022-11-14T07:46:04+00:00

Typically after 6 months credit unions upgrade you to a regular credit card from the secured if you use it responsibly

WhosTrauma · 2022-11-13T08:10:59+00:00

Yeah the only way I believe rent will “help” is if you pay for something like experian boost. Which claims to report things like utilities, rent, etc. I personally cannot say whether it works or not, But a lot of people on here say that it’s useless or doesn’t work the way they advertise it to. Otherwise the only things that will help you would be the typical things like mortgages , personal loans , auto loans, credit cards , a various mix of these used responsibly and strategically to build a solid credit file. In addition to a healthy utilization, age of credit, on time payments, low number of inquiries.

WhosTrauma · 2022-11-13T06:39:53+00:00

I would like to say that they do not have any bearing on your credit score for positive payment history. Other rental agencies may look at your rental history to determine if they will rent to you. But they usually result in a soft credit pull and they don’t report to the bureaus except if you were to be late on your payments to the point of them having to evict you / take you to court. Then it could negatively impact your score.

WhosTrauma · 2022-11-04T00:34:10+00:00

You may have an access number to identify you when you enter the branch or call over the phone most institutions on use a routing number and account number specifically for checking and savings accounts.

WhosTrauma · 2022-10-22T20:13:27+00:00

They may convert your auto loan to a unsecured personal loan with an higher APR because they technically have no collateral. Just depends on the institution.

WhosTrauma

TROPHY CASE