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A year ago
Sun Apr 23, 2023 5:25 pm
NoMoneyNoHoney
Seasoned RebelNeed BTC card
NoMoneyNoHoney has passed the 12 month threshold!
No scorable inquiries on file!
No scorable inquiries on file!
For those that haven't followed my situation, I've been on a mission last year to get out of a very dire situation of over $80K in high interest credit card debt plus some low interest loans. With the help of several members on this forum, and some hard work busting my ass making$$, I've managed to trim a good chunk of the debt and raise my FICO from 500's to current Experian FICO 8 of 696.
Great news, this morning I was approved for a NFCU BTC platinum visa card for $16,700!!!
Seems like all that work, maximizing my internal NFCU score over the course of the last year has finally paid off.
My plan is to try to get one more Balance Transfer Card and then transfer as much high interest debt to hopefully be in a position to pay it all off over 12-15 months.
Current CC Cards:
Capital one quicksilver 27.65% 0 /5,000
Capital quick one 27.65% 0 /3,000
Venture 22.74% 24,900 /30,000
Chase 27.5% 0 /10,000
Citi 0% until June 2,016 /3,000
Discover 16.74% 10,713 /14,500
NFCU visa 0.99% until June 1,914 /7,500
NFCU visa 0.99% offer 1 year 0 /16,700
barclay (closed but still owe) 27.74% 7,184 /8,250
total Creditcard debt (not including all my loans) = 47,727
Low interest loans = 21,166 plus 64K in student loan debt
total active credit card debt (not including barclay) for utilization calculations = 39,543
Active Credit available (not including Barclay since closed) = 89,700
Current Utilization % = 44% (won't show on Experian until next month when new card reports)
Since I just applied on a TransUnion , what Experian or Equafax BTC should I go for next?? I need one that I think will give me a decent credit limit/BT terms and most importantly will accept my situation.
Discover recently sent me an offer in the mail. I already have one with a lot of debt but would this be a good choice?
AMEX - would they even consider me??
Other ideas?
Or, should I wait a month until the new card reports on Experian so my utilization% drops and then apply for another card?
Note - with my partner's income included, I have pretty good household income (around $238,000) so even though my credit rating isn't amazing, I feel like there's got to be some BTC card out there that can help me deal with my current CC's predatory painstaking apr's so I don't have to declare bankruptcy.
TIA for the help!!
Click images to enlarge them.
Cards: 2 Discover's, 1 BofA , 1 Chase Freedom, 1 CITI double cash, 2 NFCU platinums, Venture, Capital Quicksilver, Capital QuicksilverOne,
- Tagline Need BTC card
- Score data EX 757 TU: 742 EQ: 750
- Classic 8 Scorecard CLEAN/THICK/MATURE/NEW-REVOLVER
- Mortgage Scorecard CLEAN/THICK/YOUNG/NO-NEW-ACCOUNT
- AoOA 20 yrs
- AoORA 20
- Date of Last Inquiry and/or New Account Opening January 1st, 2023