will I get approved if I apply for an unsecured loan with 5 months history under my belt
Date: Sun, 12/27/2009 - 21:13
Hi...I opened a secured credit card with $400 collateral ($400 limit)...I have made ontime payments for 5 months now....It is through Bank of America and they will convert me to a secured after 10 months (another 6 month wait).
I am wondering if I apply for an unsecured now with 5 months history under my belt (I know it's not much!) will I get approved?
I guess there is only one way to find out but I wanted to see the replies here first.
Also, I have kept my balance between 15 and 35% of my max for the duration of these last 5 months. Right now I am at around 30% of my max.
My husband applied for his first card with Merrill Lynch and they approved him with NO history but this was BEFORE the economic crisis! I was thinking about applying with them but I am not in a hurry, maybe I will wait 1 or 2 more months.
Thanks for any comments.
I am wondering if I apply for an unsecured now with 5 months history under my belt (I know it's not much!) will I get approved?
I guess there is only one way to find out but I wanted to see the replies here first.
Also, I have kept my balance between 15 and 35% of my max for the duration of these last 5 months. Right now I am at around 30% of my max.
My husband applied for his first card with Merrill Lynch and they approved him with NO history but this was BEFORE the economic crisis! I was thinking about applying with them but I am not in a hurry, maybe I will wait 1 or 2 more months.
Thanks for any comments.
I meant I have a "secured" now, want an "unsecured" credit card.
I meant I have a "secured" now, want an "unsecured" credit card....
