03-03-2013 06:02 PM
Fico - EQ - 620
Fako Exp - 640
Fako TU - 670
Only open accounts 3 Cap 1 - Total 8k CL
Thats it, nothing else! 0 Inquiries at the time.
Utilization was very high.
CONGRATS on your approvals but why would you app for so many cards with very high util???
To go deeper into debt
If you would have read the post, notice that it said my accounts didn't update until after they hit my reports. I didn't feel like waiting thats all. Going into debt is the last worry on my mind I assure you.
03-03-2013 06:02 PM - edited 03-03-2013 06:03 PM
.....and, it seems that if he has planned on getting his utilization down to 1% in the next month, why app now? Why not wait to app and maybe there would not have been any declines and most likely could have gotten higher CL's?
As I stated, was not interested in waiting another month before getting more prime cards, I have no negatives so I went for it.
03-03-2013 06:06 PM
Congrats on the nice spree.
Thanks, for the congrats,
For a minute there I thought people were assuming that I did my app spree while using their credit... I put this information up not to be judged on timing but to help others who might have scores in my range to know they can app and get approved.
03-03-2013 06:20 PM
No worries man. I just thought the rule of thumb was to do an app spree when your chances of approvals and big CL's are at their highest. Having a low utilization is a HUGE factor in achieving that.
My point was, it just seems that you would have been better served to wait 30 days. In essence, you may have set yourself back a year to get CL's and approvals that you may have gotten had you waited a mere 30 days.
I too, am just trying to put good info out there for those on the fence of an app spree.
BTW, congrats on what you got.
03-04-2013 07:33 PM
03-05-2013 07:28 AM
Congrats on the approvals! Pretty sure you would of been approved for the declines if your util was lower.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.