05-19-2008 10:17 PM - edited 05-20-2008 03:56 AM
05-19-2008 10:59 PM
sealdog wrote:I have 8 CC BOA 3500CL, Hooters 750, Penfed 5000, DISCOVER 1000, Cap1 500, Amex 8700, CCCU 6500, KEYBANK 25000, ALL IN THE LAST 8 MONTHS. I WANT TO GET MORE CCS BUT I DONT WANT IT TO EFFECT ON MY SCORES NEGATIVELY. WHAT IS THE BEST WAY TO GET THEM. I HAVE BEEN APPLYING ONE EVERY MONTH. IF I APPLY FOR ONE AT A TIME IT SEEMS TO STAY STABLE. I AM A LITTLE ANXIOUS ABOUT APPLYING FOR MORE AND GET MORE INQUIRES.
Message Edited by sealdog on 05-20-2008 12:19 AM
05-20-2008 06:48 AM - edited 05-20-2008 06:49 AM
05-20-2008 07:15 AM
sealdog wrote:I have 8 CC
Best Method to USE to Go on an App Spree
05-20-2008 07:37 AM
05-20-2008 08:07 AM
Me on the other hand, I had to go on an App spree. My Fico scores where in the 650’s. I had one revolving credit line open. So I went on my App. Spree. I applied for 10 cards in about 2 weeks. I had my Mortgage, my car, and one Marbles card with a $300 limit. But! I needed money for an engagement ring for my G/F. It started with an Application to BOA, Denied do to Util. What is this I am denied? WTH, I haven’t been late on any payments in 4 years and I make 50k a year. How can this be? So I found this forum. I started to understand that in order to get credit, you must first not need it to begin with.
Every time I applied for a prime card, it was denied do to my util. So in 2 weeks time I have a HSBC Sears card $1900 CL (I needed a riding Lawn mower for my house, 12 months same as cash). A Chase card $500 CL which I had to Recon to get. A HSBC Direct rewards Discover card $700 CL (HSBC has been good to me). A Hooters Card $500 CL, A Zale’s Card for $1000 CL. And a Wal-mart card for $300. I plan to use each of them once every other month for Gas or Food, something I would buy any ways and pay them off the same day if I can. I know this will hurt my Inquiries and Time of Accounts, but I had to do something. My UTIL. will be looking much better. I am tiring to get in shape for a BOA or AMEX card with a Big Limit. I had to start some where. And I am in a point in my life where I don’t need the cards but, if I don’t start now 5 years from now when I do need the criedt I wont have it?
Anyones Thoughts on this? A bad move or in 2 years will I be sitting pretty?
Funny thing is I got a Personal loan for the Money I needed for the ring, which I was approved for a much higher limit than I needed. I took what I needed and that was all.
05-20-2008 09:44 AM
05-20-2008 01:55 PM
05-20-2008 05:06 PM - edited 05-20-2008 05:08 PM
05-20-2008 05:51 PM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO