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Messages - jsk173

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Credit Cards / Re: credit score
« on: January 13, 2017, 07:01:18 PM »
Another blanket statement.  You're absolutely wrong.  Where did you get the idea that you're somehow versed in how FICO algorithms work?  Especially concepts like segmentation models?

LOL. If you're trying to make a pedantic point that one's FICO might not be *exactly* the same a month later, sure, but except for people in the 600s or maybe very low 700s, no one's getting or not getting a CC because of a 5-point swing in their FICO.

(By the way, I noticed you didn't bother replying to my first message. Concession accepted.)

Credit Cards / Re: credit score
« on: January 13, 2017, 06:18:10 PM »
Wrong.  Utilization has memory due to segmentation.  (Admittedly a short memory).  But still a memory.

Quit posting false stuff.

This isn't opinions,  it's facts.

What was that you were saying about posting "nonsense"?

Physician, heal thyself.

Any FICO dip due to utilization this month will be gone next month once paid down or paid off. It might be gone even sooner, in the cases of banks like Chase that update mid-cycle when balances are paid to $0.

Credit Cards / Re: credit score
« on: January 13, 2017, 06:16:10 PM »
JSK173 -  Leave the $2 trick out of the conversation.  And all of your other nonsense.

I haven't posted a word of nonsense. The biggest piece of nonsense is your apparent assumption that normal CC customers obsess about having $0 reporting on all cards at all times.

You saying that closing a CC is going to universally lower your score is a blanket statement and it's wrong.  Period.  End of discussion.

Where did I make such a statement? Either English isn't your first language or you're an incredibly dishonest person.

Credit Cards / Re: credit score
« on: January 12, 2017, 10:59:57 PM »
I never cut them to $0, always leave a dollar or two. Clearly, myself and others (dan included) obsess over this for no reason

The so-called "$2 trick" is meant to help boost people into a higher FICO tier. It's a waste of time for people who are already getting easy approvals, aside from providing people on credit boards with bragging rights.

Credit Cards / Re: credit score
« on: January 12, 2017, 10:50:58 PM »
True point, but the higher your score, the more you can afford for it to drop before it has any real effects. I like to keep that buffer zone as big as possible.

Utilization has no memory. If your score is over 720 and you're getting approved, there's no reason to obsess over paying bills to $0 before the statement even cuts.

Credit Cards / Re: credit score
« on: January 12, 2017, 10:44:22 PM »
Some of us don't settle for "over 700-720" why not make it as perfect as possible?

You're moving the goalposts. Even for a mortgage, there's basically no difference between a 740 and an 850 FICO.

Nobody is getting a CSR because their score is 805 instead of 785.

Up In The Air / Re: Lounges in JFK
« on: January 12, 2017, 10:42:48 PM »
... And you won't be doing any napping there.

Credit Cards / Re: credit score
« on: January 12, 2017, 10:16:49 PM »
eith most people in the world you are right. But here where our credit score is a top priority we are all very careful. Without a good score we have nothing.

I don't, and it hasn't hurt me at all.

Once your score is over 700 or maybe 720, some balances reporting isn't going to hurt.

Credit Cards / Re: credit score
« on: January 12, 2017, 10:12:17 PM »
Not everyone has balances on all of their CC's.  Not everyone has high balances on their CC's.

You keep making blanket statements that just aren't correct.

Nonsense. "Most people don't obsessively make sure all of their CC statements close with a $0 balance" is a basic fact.

Even people who religiously pay in full every month typically have balances reporting on one or more CCs every month.

Credit Cards / Re: credit score
« on: January 12, 2017, 09:19:53 PM »
Assuming other card have balances.  And overall increase in utilization only matters if it causes you to cross specific thresholds.

Right, but not many people make sure that all of their CCs close with a $0 balance on the statement date. It's simply not normal CC behavior.

Credit Cards / Re: credit score
« on: January 12, 2017, 08:22:39 PM »
how is that a stira the ratio goes per card not per total credit so if you close a card with zero balance it does not make your ratio higher.

If you close a card with a $25,000 CL and $0 balance, your overall utilization will increase.

Credit Cards / Re: Misc Credit Card Questions
« on: January 12, 2017, 08:20:09 PM »
Freeze EX and then app whoever you want. 

AMEX always wants EX.  Chase and Citi are state dependent and usually wont budge.

BofA,  USB,  FNBO can all be nudged to different CRA's if EX is frozen.

Thanks. Don't they charge to freeze and/or unfreeze a report? I'm not really looking to app for anything in particular, but it would be nice, occasionally, to have EQ or TU pulled instead.

Credit Cards / Re: Chase Reconsideration
« on: January 12, 2017, 06:31:54 PM »
I see, when we applied in the chase branch, they said we should claim our income as the household income, which is sourced by me, so I assumed that meant my 50 k was her 50k. (she lives like this is true!:) )
Thanks for information.

The whole "household income" thing is odd. By that standard, your wife would be responsible for the AU accounts, too, since shared income means shared expenses. But liberals pushed it through only a couple years after a major financial crisis so that women with no income of their own can still get credit cards of their own. Strange.

Credit Cards / Re: Chase Reconsideration
« on: January 12, 2017, 05:11:23 PM »
My SO applied for CSR last week in a local chase branch and got the 5-7 days. We got a letter saying she was not approved because of to many credit lines opened. She has 1 card with a 500$ limit, and is an AU on like 5 other cards, 3 of the 5 other cards are mine, including a CSP with a 10k + limit. We called the reconsideration line today, and talked to someone who was really annoyed that I was talking to them with my SO instead of just my SO talking, and we explained that my wife only had the 1 CC and the others were AU, she kept asking what lines my SO was "responsible" for, and we explained that I work and make over 50k, but she is at home, so it is shared income... admittedly we did not have great answers because I was not sure if my SO was "responsible" for my cards that she is an AU on.. But as I am sure you can guess, the reconsideration lady said she could not approve a 10 k card  for my wife. Honestly the reconsideration lady was rather rude, and it has left my wife not wanting to call the line again. Sorry for the long story, but my question is do you think there is any hope for a reconsideration? I was hoping there was since my SO is really at 1/24 , and only looks to be 6/24 because of her AU accounts. Any suggestions?

Chase often keeps track of what people say in recon calls, so you might be in trouble. It sounds like you claimed your wife has little or no income of her own, hence her not having any responsibility for any of the AU accounts, so it might be hard to get Chase to grant her a $10,000 credit limit.

Credit Cards / Re: Misc Credit Card Questions
« on: January 11, 2017, 11:00:46 PM »
Other than Barclays, anyone know of any banks that pull only TransUnion or Equifax regardless of the applicant's state of residence? Over 90% of my inquiries are on Experian, so I'd like to give that one a rest for a while. Thanks.

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