- Centurion Member
- Posts: 304
- Joined: Sat Aug 13, 2011 9:38 am
- Location: Michigan
My initial credit limit was 250 but with time and patience it kept increasing. What they’re looking for is not how much you spend (some folks assume this will prove to the bank that they need more) but how wise you spend, My bank BOA for example, knows how much i make and spend a month but they will deny me CLI requests, after taking control of my credit and avoiding the "pre-approved" baits, they’re begging me for business.
I know your score is 606 but they banks need you more than you need them. Avoid leasing, you can get a decent car and pay as much in cash as you can afford. If possibly pay only cash, i bought a used 2010 Escape with 14000 miles and a salvage title for 12,500.00 completely restored. Keep your cards usage under 25% and try avoiding First Premier Bank if they’re charging you maintained fees and AF.(I know they use to)
Pre-approved is not really pre-approved but an invitation to apply. You have credit and regardless of your credit limit, what you need to show is responsible used and you can do that with 750. You cannot fast trace but if you never miss a payment for the next 12 months, you score will be 650 to 675.
We are here to help and share ideas, please feel free to ask and share your experience.