- Centurion Member
- Posts: 4913
- Joined: Sun May 20, 2012 4:35 pm
- Location: WI
Reading the gardening forum is a double edged sword - on the one hand some of them figure out and post some interesting tidbits. On the other hand, watching the garden worshipping Kool-Aid drinking sycophants mindlessly mislead others gets a bit much.
So one guy asks do I have a chance with Amex. Dude, seriously, how the hell would these guys or anyone really know the answer to that?
He gives an EX FICO of 670, 5 inquiries since Jan, 2% utiliziation. (Not sure if all inqs are on EX but worst case assume they are).
But I'm sure you already KNOW what they said right? Oh I'd wait at LEAST a year - any terms you get will be so much better. Uh, dude, if he goes for a charge card, what "terms"?
While the 5 inquiries in the last 3 months MIGHT be a deal breaker, just wait a few more months until some of them are 6 months or older at worst, and then go for it. I might even take the shot now.
Another budding Einstein said to wait until your score is "at least" 690. Really do tell how you came up with that "magic number". I think I know, but I'd need a flashlight and rubber gloves to be sure. People have gotten approved for their charge cards in the 640 and even 630 range, and for their revolvers under 700. It all depends. There is no hard and fast number, though if your score is below 630 I would not bother unless you have a boatload of assets to flash at them.
But in the end I realize it's my fault - I read that stupidity when I knew better. Some threads you just realize you can safely skip.