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
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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.