credit score

[@Yehuda]

Don't you live in NY? Just freeze your EX and Citi will pull your EQ.

That's what I just did. We'll see how it goes.

Hard pulls are overrated. Cappy is correct. I have 31 EX inquiries after my approval today for the Amex SimplyCash Plus.

Closed by issuer is not considered a negative and is not factored in to FICO scores. All that matters is the account payment history.

Interesting. Well, I just applied to have them reopen the card. I hadn't seen this beforehand, but nu nu, it's another pull on EQ.

[PillanSmye]

Amex he did say a couple of charge cards that he was forced to close

Since he was talking about Chase,  and Chase seeing closed charge cards,  I figured he must have been churning Ink Bold's previously.   Because Chase can't see your AMEX biz cards.   So none of what he says makes sense.

[newdealseeker]

Since he was talking about Chase,  and Chase seeing closed charge cards,  I figured he must have been churning Ink Bold's previously.   Because Chase can't see your AMEX biz cards.   So none of what he says makes sense.

Maybe it doesn't make sense to you, but that's what I see. I've no idea what those cards could be otherwise. The account numbers listed are NOT my personal cards, that much I know.

[ari2955]

Hi Mendelssohn & PillanSmye,

First I wanted to say thank you for all the great info you've been sharing since you've arrived here, I've learned a lot!! and really appreciate you time and patience. I feel like sometimes you guys don't get enough positive feedback..

My understanding is, that for the most part a UW will ignore an AU account. Therefore I find the following case strange.

Relative of mine recently got approved for a mortgage with credit file as follows:

- 1 Primary cc account, 4 months old.

- 6 AU cc accounts, 3 of them 10+ years, the others short.

No other history other than the credit cards account.

EX 8 score of 770.

How does this make any sense?

[yochiek93]

Hi Mendelssohn & PillanSmye,

First I wanted to say thank you for all the great info you've been sharing since you've arrived here, I've learned a lot!! and really appreciate you time and patience. I feel like sometimes you guys don't get enough positive feedback..

My understanding is, that for the most part a UW will ignore an AU account. Therefore I find the following case strange.

Relative of mine recently got approved for a mortgage with credit file as follows:

- 1 Primary cc account, 4 months old.

- 6 AU cc accounts, 3 of them 10+ years, the others short.

No other history other than the credit cards account.

EX 8 score of 770.

How does this make any sense?

Why do you think an UW will ignore the AU's on the CR?

[PillanSmye]

Maybe it doesn't make sense to you, but that's what I see. I've no idea what those cards could be otherwise. The account numbers listed are NOT my personal cards, that much I know.

The account numbers listed by AMEX on your Experian credit report are NOT the same as the numbers on your cards.

[ari2955]

Why do you think an UW will ignore the AU's on the CR?

AUs may help pad your AAOA, but they don't carry much weight with any approval that is not computer generated.  If an UW has to take a look at it, you can almost guarantee that they will be ignored.

[PillanSmye]

EX 8 score of 770.
How does this make any sense?

UW's can take lots of things into consideration.  Income,  DTI,  actual occupation,  length of time with employer,  LTV.   Hard to say,  so many factors.

[yochiek93]

I was actually going to ask on that 
Then why should you get declined 5/24 with Chase if most are AU's?

[newdealseeker]

The account numbers listed by AMEX on your Experian credit report are NOT the same as the numbers on your cards.

Yes, as I mentioned these numbers seemed generic to me. So if they're different than on the card, how do I figure out which cards they are? I guess they're cards I somehow forgot about....
OK, so I'll have to sit down and seriously try to figure out what those cards could mean.

[PillanSmye]

I was actually going to ask on that 
Then why should you get declined 5/24 with Chase if most are AU's?

Because he made a generalized statement as opposed to an absolute statement,  which is evident by "for the most part"

Chase's 5/24 rule is their own thing with their own rules...

[yochiek93]

Because he made a generalized statement as opposed to an absolute statement,  which is evident by "for the most part"

Chase's 5/24 rule is their own thing with their own rules...

I wasn't asking on this I was asking on this

[Zalc]

Yes, as I mentioned these numbers seemed generic to me. So if they're different than on the card, how do I figure out which cards they are? I guess they're cards I somehow forgot about....
OK, so I'll have to sit down and seriously try to figure out what those cards could mean.

Do you keep a spreadsheet with the dates that you opened all your cards?

[newdealseeker]

Do you keep a spreadsheet with the dates that you opened all your cards?

Unfortunately no.
Can you guide as how to best do that? I can still try to do that retroactivally as I still keep all my statements....

[meme]

I applied for a chase personal and biz card a couple of weeks ago, how damaging will it be to my score if I apply now for amex?

[yochiek93]

I applied for a chase personal and biz card a couple of weeks ago, how damaging will it be to my score if I apply now for amex?

Why would it be any different then if you apply the same day?

[meme]

Why would it be any different then if you apply the same day?

It wouldn't I guess, my question is if I should refrain from have pulls so close together

[yochiek93]

It wouldn't I guess, my question is if I should refrain from have pulls so close together

And my question still stands if it would be a problem why would people do an AOR?

[meme]

And my question still stands if it would be a problem why would people do an AOR?

Everything is risk/reward ratio I guess..
The only meaningful Amex offer I can get now is the SPG 35k biz, so not sure if it's worth a substantial credit hit

[yochiek93]

Everything is risk/reward ratio I guess..
The only meaningful Amex offer I can get now is the SPG 35k biz, so not sure if it's worth a substantial credit hit

Add some charge cards to the mix and it will be well worth it