Credit314 wrote:I have a serious question.
I was approved for the priceline card with barclays about 5 weeks ago. Since then I have gotten approved for 2 with the possibility 3 cc's within the last 48 hrs. Now knowing how bad barclays are with new accts. Should I just call and closed the barclays acct to avoid it saying " closed by creditor" or just take the chance and hope I slip by?
I dont want to mess up my credit when I just cleaned it up.
Man, I am scared to death of Amex and Barclays. Don't know I want either now if there are so many worries.
100% Ficos: EX 751, TU 731, Walmart TU fico 740, EQ 741
Mini app sprees are nothing to be worried about, Creditors don't mind once approved if you open 3-4 good lines after going from Subprime to Prime. I've never seen people closing accounts for that reason. Now I've seen idiots who go on a "app-o-rama" who would have bad credit and apply for 15-20 cards in a single day so they would avoid a inquiry, and since people with bad credit can only usually get approvals through store cards not on a major network which is usually GECRB or WFFNB they got their accounts closed.
I wouldn't worry about 3-4 cards you'll be fine.
Credit314 wrote:Do anybody have any ideas or suggestions?
I would just leave it. We all hear horror stories about them closing accounts, but just because nobody posts saying "barclays DIDNT close my account!!!" doesn't mean it doesn't happen. You might slip through the cracks. Even if they do close your account having a "closed by credit grantor" or a "closed by borrower" doesn't change anything really. It may look different to an UW but you can always explain that barclays a schizo lender in a recon.
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