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5 new accounts - should I have AA concerns?

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Duncanrr
Valued Contributor

5 new accounts - should I have AA concerns?

The more I learn about credit the more it gets me nervous. As y'all know I recently opened 5 new accounts (2 Amex, 2 Chase and Walmart), should I be concerned about any of them AAing me?


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 808 TU --- EX --- CK 804(FAKO-EX 821, EQ 823, TU 803)
Goal Score: 750

Take the FICO Fitness Challenge
Message 1 of 6
5 REPLIES 5
calihlove75
Established Contributor

Re: 5 new accounts - should I have AA concerns?


@Duncanrr wrote:
More I learn the more credit gets me nervous. As y'all know I recently opened 5 new accounts (2 Amex, 2 Chase and Walmart), should I be concerned about any of them AAing me?

Ditto

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 2 of 6
RockinRay
Valued Contributor

Re: 5 new accounts - should I have AA concerns?


@Duncanrr wrote:
The more I learn about credit the more it gets me nervous. As y'all know I recently opened 5 new accounts (2 Amex, 2 Chase and Walmart), should I be concerned about any of them AAing me?

NO - all of your new creditors will soft you hard for the next 6 months or so. Just fly under the radar and let things age out some. Use them and PIF and you will be just fine.

 

As for worrying about this - see my signature below.  Smiley Happy

Ray

** Every Card has a Job, and Every Card does its Job **
Message 3 of 6
LS2982
Mega Contributor

Re: 5 new accounts - should I have AA concerns?

Nah. Pay on time and keep util down and youll be fine.



EQ FICO 548 3/3/16
Message 4 of 6
snowkitty
Established Contributor

Re: 5 new accounts - should I have AA concerns?

I started worrying about this too after some pots I've been reading....I have opened all mine in the past month and just got approved for a shell card today.....I'm not applying for ANYthing for a loooong time!
TU Fico 714 | Sesame 742 | Credit Karma 762 | Wal-Mart FICO 734 | EX FICO 695 (1/28/13) | EQ 740 (3-21-13)

Amex Blue Sky 7.2k | Amex BCE 13.1k | Citi Diamond Preferred 10.2k | CSP 5k | Bofa Cash 9k | Boa Travel 10k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy Visa 5k | Shell 1200 | BP 400 | VS 1500 | Sam's Discover 8.5k | FNBO Amex 16k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1600 | BML 2820

App free since 12/11/13*
Message 5 of 6
Duncanrr
Valued Contributor

Re: 5 new accounts - should I have AA concerns?

Grats on your approvals. Im at a good number of cards now and will just farm them for a while.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 808 TU --- EX --- CK 804(FAKO-EX 821, EQ 823, TU 803)
Goal Score: 750

Take the FICO Fitness Challenge
Message 6 of 6
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