04-02-2013 09:57 AM
I recently had a score bump after cleaning the lates off of nmy credit so I decided to do some app's. I got a Lowes card @ 2k 3/29, a discover it card @ 1k 3/30 and a Visa from my credit union yesterday @ 5k. My question now is should I stop apping and wait for a few months for these to raise my score or should I apply for anything else?
04-02-2013 10:00 AM
There is always room for you in the garden! 6 month stays are welcomed!
04-02-2013 11:47 AM
Congrats on your app spree. Be aware that you may not see an immediate upward bump in scores, especially if you aren't carrying balance on whatever cards you have currently. If you are carrying balances you may see a bump due to your util % going down but you will get dinged for both hard pulled inquires and your AAoA going down. A lot of the aging negative affects will go away as time goes on. The important thing for you now is to use your new cards responsibly. I would concur with others and take a breather for a bit.
04-02-2013 11:53 AM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.