Hey everyone! I plan on applying for the Bank of America Platinum Visa Card, since they pull Trans Union in Central Florida, I'm also going to pay off the balance on my Direct Merchants Card, which is around, $ 2,200.00, this account was closed by "credit grantor" Currently my Trans Union Score is up and down today it's 737. I have two old 30 days late probubly about 2 1/2 years old. Should I pay off the Direct Merchants Card First then apply for Bank of America? Or apply for Bank of America first? If I pay off the Direct Merchants first my score should go way higher and I'll probubly get a higher credit limit??? If I where to apply after I pay off the DMB Card, how long do I have to wait till they update my CR to $ 0 balance?? Thanks Everyone!!!!
exotic, you could payoff and then dispute the tl to make them hurry up a little bit.I did have some baddies on my report when I received my boa 7500 cl. good luck.
exotic, Pay it off Direct Merchants Bank and wait until $0 balnce shown in TU. Then apply for the card and this way you can higher limit and better chance to get the card. Ron.
I would apply for the BofA card and transfer the balance during the application. They would like to see some balance on your credit report. And 737 is good enough for the bofA card
Re: Re: ===Apply Now or Later????=== Hey, I just mailed the check to DMB, Paid up in full. =) I hope they report the $0 Balance soon.
Re: Re: ===Apply Now or Later????=== I would transfer, but I would better off paying it in full, like that I would have less revolving balances. With hope that my Score will go way up. =)
Hi Willgator, Which card do you have with Bank of America? what baddies, if you don't mine me asking, also what was your score at the time? was your ratios low or high? =) Thanks!
Geo, I agreed with your strategy of transferring the balance to BoA. From my experience (have applied and received three times) when I submitted a bt with the app, my limit was much higher than without a bt.
exotic, I have the 9.9 plat on bt and purch my baddie was a car loan 5 30 day lates about 6 and a half years old. My utilization was about 34% . I hope this helps ps dispute the balance as zero on your transunion it will speed them up.
