03-10-2013 03:56 PM
03-10-2013 04:04 PM
bad at the beginning, then good if you STOP apping so much at once.
for real STOP!
many people told me the same, now I have 18 hurting inqs.
yes you did good, now relax and enjoy them getting in the mail.
03-10-2013 04:04 PM
Ok I went a little crazy with applying for new credit!!! I got approved for Capital One 300 Victoria Secret 350 Buckle 300 Maurice's 500 Best Buy 500. I also applied for Discover It, Chase Freedom, and Dillard's and got the message will send something in the mail. My question is how will this hurt my scores?
8 new INQ's and 5 new accounts. You'll see a nice ding but it will slowly go away if you garden your new accounts for a year and let those INQ's age. No new apping as well.
03-10-2013 04:05 PM
The inquiries won't look great, but they aren't everything. Do you have any CC or other lines of credit before this? That is what would really effect your score is if your AAoA changed because you had 2 years then all of the sudden you are down to 2 months.
03-10-2013 04:35 PM
03-10-2013 04:44 PM
03-10-2013 05:05 PM
03-10-2013 05:26 PM
Go to the backdoor number thread which is stickied in this forum. It lists numbers that you can call to have a credit analist reconsider your application. Worked for my brother with Chase just yesterday. Chase and Discover are both pretty good. If they turn you down call again.
03-10-2013 05:31 PM
Not to alarm you or anything, but my EQ dropped 65 pts. in less than 2 mos. because of an app spree. (745 to 680) I netted 8 new accounts with $55k in CL's. I did carry a few small balances as well. AAoA is now about a year.
It's a bit disheartening, but I know I will bounce back stronger than before.
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.