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30 Point drop from application spree


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.

Message 1 of 18

Re: 30 Point drop from application spree

That was painful to read.

*USAA WORLD MC 18k* *USAA VISA 12k* *AMEX BCE 10k* *DISCOVER IT 15k* *AMEX ZYNC* *B of A SIGNATURE CASH 15k* *NAVY FEDERAL PLATINUM 20k* *CITI DOUBLE CASH 15k* *Veridian CU 14k* *Barclays Apple 12.5k*

Message 2 of 18
Established Contributor

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 Smiley Wink
Message 3 of 18
Valued Contributor

Re: 30 Point drop from application spree

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)
Message 4 of 18
Frequent Contributor

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? Smiley Happy 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!

FICO 8: EQ 784 / TU 789 / EX 787
FICO 9: EQ 797 / TU 801 / EX 790

BofA Cash Rewards Visa Sig $18,700 /Citi Double Cash $18,600 / BofA BankAmericard Visa $12,500 / Barclaycard Rewards $8,900 / CapOne QuickSilver $9,450 / Discover It $5,300 / Chase Freedom $1,500 / Lowe's $20,000 / JCP MC $10,000
Message 5 of 18
Frequent Contributor

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)
Message 6 of 18

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 Smiley Wink.


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






Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 741, EX 2 776, EQ 8 809, TU 8 774, EX 8 822 (1/1/18)
Goal Score:    EQ 5 771, TU 4 750, EX 2 776, EQ 8 809, TU 8 774, EX 8 822 (01/01/19)

Take the myFICO Fitness Challenge
Message 7 of 18
Regular Contributor

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
Message 8 of 18
Mega Contributor

Re: 30 Point drop from application spree

Lol cut the guy some slack!

EQ FICO 548 3/3/16
Message 9 of 18
Established Contributor

Re: 30 Point drop from application spree

That was awesome!
100% Ficos: EX 780 , TU 783, EQ 776 inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-1/0/0~ last credit card app 6/24/13- New car loan 3/8/2014- Discover IT $12,500~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $23,300 Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050
Message 10 of 18