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Contributor
praise123
Posts: 108
Registered: ‎06-24-2012
0

30 Point drop from application spree

So, the end result of application spree in 30 poininquiries talkers into account acquire and lower age of account. Off to the gardeniWillie go to grow nd hope that my score will rebound after these cards reflect low utilization. Also learned every credit report us different ,y score rebounds whenJim carry a low balance on some cards and pay down the next month. Keeping the cards at zero does not seem to help. My credit advisor said because Iglad challenges in the past creditors don't want to just see thcards was able to get cards and keep them at 0% but they want to see that I can use them and pay them on time and without going over the limit.

Contributor
DVH1980
Posts: 255
Registered: ‎08-24-2011
0

Re: 30 Point drop from application spree

That was painful to read.

*USAA WORLD MC 12k* *USAA VISA 12k* *AMEX BCE 6k* *DISCOVER IT 11.5k* *AMEX ZYNC* *B of A SIGNATURE CASH 15k* *NAVY FEDERAL PLATINUM 20k* *CITI DOUBLE CASH 15k* *Veridian CU 14k* *Barclays Apple 12.5k*

Established Contributor
gettnthere
Posts: 912
Registered: ‎06-14-2012
0

Re: 30 Point drop from application spree

hahahaha i thought it was kind of fun to read lol. Im sure OP was on a phone or IPAD because they are a PAIN to type with. They try to auto correct EVERYTHING so it ends up messed up anyway lol so im sure u can cut OP a break on this one, it wasn't that hard to read...


Starting Score: EQ 609, EX 633(Fako), TU 700
Current Score: EQ 699, EX 758, TU 733
Goal Score: 720 across the board
Garden Club Member-GC Challenge: App free since 10/31/12 :smileywink:
Valued Contributor
jsickz32
Posts: 1,987
Registered: ‎06-25-2012
0

Re: 30 Point drop from application spree

Lol
Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Frequent Contributor
atarvuzdar
Posts: 375
Registered: ‎01-20-2012
0

Re: 30 Point drop from application spree

Congrats on your new accounts. You should see much of the 30 point score drop will rebound 6 months to a year from now. Also, as you mentioned, if the new cards help your overall utilization then that will help, too. Keeping your cards at $0 balance won't hurt your score directly, but if you use your cards every now and then and don't go over the limit and you pay on time, you are more likely to be rewarded by CLI's on your current cards. After all, why should they give a CLI to someone who isn't using their card? :smileyhappy: Some credit card companies like to see people with higher limits on other cards before they will extend credit, so the higher credit limits can only help you obtain "bigger" and "better" credit later on.

 

Good luck!

Current: EQ 673 September2013 / TU 696 September2013 (Walmart)
Start: EQ 584 Feb2012 / TU 629 July2012

Wallet: BofA Cash Rewards Visa Sig $5000 / Lowe's $6000 / JCP $3900 / eBay MC $3200 / Barclaycard Rewards $2000 / Walmart $3300 / CapOne NHRC $2000 / CapOne Platinum #1 $2000 / Amazon $1700 / Discover It $1000 / CapOne Platinum #2 (former Orchard) $750 / Amex Zync $500 Autopay
Frequent Contributor
mmduluth
Posts: 320
Registered: ‎05-17-2011
0

Re: 30 Point drop from application spree

Lmao I thought he was using real names for a min. I was wondering who Jim was.
EQ FICO - 718 - 01/10/2012 EX FICO - 732 - 04/28/2012 (AMEX)

Cap1 Platinum (1000) Macy’s (2000) Chase Freedom (3000) Kohls (600) Best Buy (2700) Amex BCE (8200) Chase Sapphire (5000) CarCare1 (1600) Discover IT (4000)
Moderator
Revelate
Posts: 9,735
Registered: ‎12-30-2011
0

Re: 30 Point drop from application spree

On the no paragraph topic, if you have Javascript disabled for the site it'll come out like that too I found.

 

Otherwise, there's no real issue with letting your balances report occasionally, as I completely agree that lenders want to see you actually using your cards rather than simply sockdrawering them.  They don't make money if you aren't using them (other than possible AF) so there's no reason for them to extend you additional credit.  Extra risk they have to account for in their financial reserves, for no additional profit.  They'll lend to someone else instead.

 

I had a few off-cycle reports to bureaus this month on my credit cards and suddenly 3.6K showed up on them for some reason.  Have to admit I had an initial "what the..." indignant reaction before realizing it just didn't matter.  Fortunately I remembered to kick payments off before Labor Day :smileywink:.

 

Going to be interesting to see what my monthly FICO score looks like tomorrow with 50% util or thereabouts.

 

 

 

 

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Regular Contributor
beautybrainsbooty
Posts: 212
Registered: ‎08-02-2012
0

Re: 30 Point drop from application spree

what did i just read??? lol

started mid 500's. Disputed incorrect items and within a month or two my scores have skyrocketed and continue to do so
EQ: 755 as of 8/2013
TU: 700
Experian(or as I call them, the devil) I have no clue, they haven't released my report
Goal=801 across the board!!! Not too far from this, hoping to garden until Christmas 2013
Mega Contributor
LS2982
Posts: 15,436
Registered: ‎04-09-2011
0

Re: 30 Point drop from application spree

Lol cut the guy some slack!



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Established Contributor
calihlove75
Posts: 791
Registered: ‎05-16-2012
0

Re: 30 Point drop from application spree

That was awesome!

100% Ficos: EX 762, TU 767, EQ 762 Inquiries last 1 year/6 months: EX-0/0, TU- 0/0, EQ-1/0~ last credit card app 6/24/13- New car loan 3/8/2014
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