Credit Cards Center Credit cards from our partners
Reply
Established Contributor
Posts: 545
Registered: ‎09-12-2010
0

Re: App spree!!

 


JellyFish wrote: I said all of this to say that, you don't know what a person has been through.

I didn't use the word foolish with respect to what you have been through. I used it with respect to your putting so many inquiries and new accounts on your report at once.If it's too harsh for you, then I take it back. I have been foolish in my life, too. It happens. I will not tell my stories here to corroborate my foolishness, though.

 

 

Try to talk to a bank and tell them about what you've been through and see if they care. If you're lucky, a small CU might care and be respectful. Chances are that the big banks care little about who of their customers has been through what. They care about the implementation of their terms.

 

Frequent Contributor
Posts: 368
Registered: ‎09-14-2009
0

Re: App spree!!

[ Edited ]

App sprees are exciting and part of the fun of living so I don't know why people get so bent out of shape. Just because you don't wanna have fun doesn't mean you should ruin it for the rest of us that live vicariously through watching others have fun while we're aging accounts. Smiley Sad


EQ Starting Score: 579 | TU Starting Score: 568
EQ Current Score: 650 | TU Current Score: 653
EQ Goal Score: 1000 | TU Goal Score: 1000


Regular Contributor
Posts: 245
Registered: ‎06-03-2009
0

Re: App spree!!

[ Edited ]

wollepopolle wrote:

 


JellyFish wrote: I said all of this to say that, you don't know what a person has been through.

I didn't use the word foolish with respect to what you have been through. I used it with respect to your putting so many inquiries and new accounts on your report at once.If it's too harsh for you, then I take it back. I have been foolish in my life, too. It happens. I will not tell my stories here to corroborate my foolishness, though.

 

 

Try to talk to a bank and tell them about what you've been through and see if they care. If you're lucky, a small CU might care and be respectful. Chances are that the big banks care little about who of their customers has been through what. They care about the implementation of their terms.

 


You are QUITE wrong in making this statement!! Last year I was denied for a cc, but when I called the backdoor number and explained what had happened, I was approved. My credit union was also good to me, and generous with the limits. I still have these accounts AND they have been good to me.

 

If you wish to state that you are foolish, that's fine!! It is not nice to call anyone names or to even imply it.


Starting Score: 615 EQ (1/1/10); 655 TU (12/31/09); 604 EX (10/20/09)
Current Score: 660 EQ (10/29/10); 676 TU (LO pull 4/21/10); EX 666 (LO pull 9/21/10)
Goal Score: 780


Take the FICO Fitness Challenge
Established Contributor
Posts: 545
Registered: ‎09-12-2010
0

Re: App spree!!

Here is what myfico.com says:

 

Statistically, people with six inquiries or more on their credit reports can be up to eight times more likely to declare bankruptcy than people with no inquiries on their reports.

 

source: http://www.myfico.com/crediteducation/creditinquiries.aspx

 

Here is how Merriam Webster defines "foolish": lacking in sense, judgment or discretion

 source: http://www.merriam-webster.com/dictionary/foolish

 

Some people who have bankruptcies get there due to unlucky circumstances.Others get there because they are irresponsible. Every case is unique.

 

For some people credit history repeats itself. I sincerely hope not for you!

I am bowing out of this thread... (with an apology to all people here who think that sprees are oh so great)

 

New Contributor
Posts: 72
Registered: ‎09-24-2010
0

Re: App spree!!


Willpower wrote:

Here is what myfico.com says:

 

Statistically, people with six inquiries or more on their credit reports can be up to eight times more likely to declare bankruptcy than people with no inquiries on their reports.

 

source: http://www.myfico.com/crediteducation/creditinquiries.aspx

 

Here is how Merriam Webster defines "foolish": lacking in sense, judgment or discretion

 source: http://www.merriam-webster.com/dictionary/foolish

 

Some people who have bankruptcies get there due to unlucky circumscription's get there because they are irresponsible. Every case is unique.

 

For some people credit history repeats itself. I sincerely hope not for you!

I am bowing out of this thread... (with an apology to all people here who think that sprees are oh so great)

 


Good for you willpower! I don't think you said anything wrong!!  I agree that app sprees are foolish and I say that as someone who just went one a mini one myself a few months ago.  I did it because at the time, I thought it was the best thing for me and while I did 3 apps in one week. I knew to draw the line there and still to this day have anxiety over having done it even though I got all three.  I don't see why anyone was offended as this is just a place to help people out and being blunt is much appreciated..... by me anyway.  I think this got way out of hand and I hope you continue to say what you truly feel for the benefit of the rest of us.  Smiley Happy

EQ: 788 TU: 779 EX: 770 (FICO as of 7/2010) EX FAKO: 770
Regular Contributor
Posts: 245
Registered: ‎06-03-2009
0

Re: App spree!!

[ Edited ]

wollepopolle wrote:

Here is what myfico.com says:

 

Statistically, people with six inquiries or more on their credit reports can be up to eight times more likely to declare bankruptcy than people with no inquiries on their reports.

 

source: http://www.myfico.com/crediteducation/creditinquiries.aspx

 

Here is how Merriam Webster defines "foolish": lacking in sense, judgment or discretion

 source: http://www.merriam-webster.com/dictionary/foolish

 

Some people who have bankruptcies get there due to unlucky circumstances.Others get there because they are irresponsible. Every case is unique.

 

For some people credit history repeats itself. I sincerely hope not for you!

I am bowing out of this thread... (with an apology to all people here who think that sprees are oh so great)

 


We shall see, won't we?! For those of you that are interested in my credit future, I will keep you posted.

 

Again, this is a point of view. And as many a poster has stated: YMMV.


Starting Score: 615 EQ (1/1/10); 655 TU (12/31/09); 604 EX (10/20/09)
Current Score: 660 EQ (10/29/10); 676 TU (LO pull 4/21/10); EX 666 (LO pull 9/21/10)
Goal Score: 780


Take the FICO Fitness Challenge
Frequent Contributor
Posts: 424
Registered: ‎10-25-2010
0

Re: App spree!!

Congrats Jelly!

 

I can totally get why someone would do an app spree. If you're not looking for a loan in the immediate future, then you won't feel the impact of the hit to your score. Also, you age all your accounts in one shot as opposed to constantly having your AAoA change. The only thing that would worry me, is an unforseen event that may require a loan.

 

I've also been rebuilding my credit. But I've been doing the app thing slow even before I discovered this forum. I just can't handle balancing too many cards.. Also, we'll be looking for a mortgage in 2011 and after reading everything here, I can't afford my FICO going down.

 

But hey, everyone's situation is different. And what makes sense for one person, doesn't mean it will work for the next. 

To each their own.

 

Best wishes to you and enjoy your new cards!


Starting Score: 600s
Current Score: EQ 08 798 on 5/28/14, TU 792 on 5/27/4 via Barclay, EX 798 on 5/28/14
Goal Score: 760


Take the FICO Fitness Challenge

.
Frequent Contributor
Posts: 253
Registered: ‎09-01-2009
0

Re: App spree!!

[ Edited ]

 


jaystay wrote:

App sprees are exciting and part of the fun of living so I don't know why people get so bent out of shape. Just because you don't wanna have fun doesn't mean you should ruin it for the rest of us that live vicariously through watching others have fun while we're aging accounts. Smiley Sad


Application sprees can indeed be fun and exciting, and sometimes a little disappointing when trying to rebuild your credit profile.. Unfortunately for me, my application spree days are done for the next year or two as I'm stuck in the garden! It's fun to read about others going on their sprees and at the same time it can be dangerously enticing, lol.. There's nothing wrong with a little Foolish Fun from time to time. Smiley Very Happy

 

 

 

Regular Contributor
Posts: 245
Registered: ‎06-03-2009
0

Re: App spree!!


ficonightmare wrote:

Congrats Jelly!

 

I can totally get why someone would do an app spree. If you're not looking for a loan in the immediate future, then you won't feel the impact of the hit to your score. Also, you age all your accounts in one shot as opposed to constantly having your AAoA change. The only thing that would worry me, is an unforseen event that may require a loan.

 

I've also been rebuilding my credit. But I've been doing the app thing slow even before I discovered this forum. I just can't handle balancing too many cards.. Also, we'll be looking for a mortgage in 2011 and after reading everything here, I can't afford my FICO going down.

 

But hey, everyone's situation is different. And what makes sense for one person, doesn't mean it will work for the next. 

To each their own.

 

Best wishes to you and enjoy your new cards!


Thanks!! I will enjoy my cards...BUT not too much , RIGHT? LOL!!! It will be 2012 before I will be looking for a mortgage, so I think that I am ok. By then, all of my new accounts will have aged well, and hopefully (due to some careful gardening) grow significantly.

 

Many blessings to you on your hombuying journey!!

 

Jelly


Starting Score: 615 EQ (1/1/10); 655 TU (12/31/09); 604 EX (10/20/09)
Current Score: 660 EQ (10/29/10); 676 TU (LO pull 4/21/10); EX 666 (LO pull 9/21/10)
Goal Score: 780


Take the FICO Fitness Challenge

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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.