Try this one. Im 22, ive paid off 2 cars, i have a loan on 1 car now and i own a house. When i was 18 i got a small student loan (around 5k) and it was deffered for a couple years and ive been paying on it here and there for a while now, ive never been late on a mortgage payment, all my student loans show fine, no lates (even tho technically there have been a couple, but student loans dont really report bads unless you default)
So my credit is pretty decent for a 22 year old, i paid 72k for my house and 14.2k for my 2003 mach 1 mustang @ around 8%, which for a ten year old car, isnt bad.
So a week ago i get a preapproval letter from discover for the more card, i had already been thinking about getting a credit card to build creidt, so when i got a preapproval from discover i looked into different cards, then decided to apply for an Amex BCP, as it would reward me the most for my purchases. Amex denied me
, so i decided to take discover up on their offer, applied, they called me and spoke with me and i was approved. The discover associate told me the ONLY thing on my credit report that is questionable was ONE 30day late payment on a car, i explained to the discover guy that it was because I totalled the car and it took like 4 months for the insurance company to pay it off because of title complications and i didnt really want to make a payment on a car that was totalled, lol. He was like ok, you are approved hows 6500 sound? I was like, thats plenty. So discover gives me my first credit card EVER with a starting CL of 6.5k
I say all that to say this...i got a letter from Amex yesterday that said i wasnt approved because my fico was 583, 583! WHAT, i was under the impression that my score was in the low 700s, now idk if thats experian that i was thinking about but my credit history is pretty much flawless besides being a short history at a young age, Amex tells me to blow smoke and Discovers gives me a bigger limit than most people i hear about with the discover more card...Whats up with that? Is Amex really that tough?
Im going to try to use around 500 a month and PIF on the Discover, thats a credit utilization of around 8% PIF every month my credit score should shoot up quick.