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