Reply
Valued Contributor
Posts: 1,266
Registered: ‎09-22-2009
0

Re: Credit App-Addiction Dungeon

We are all app addicts, whether recovering from our addiction or not.  We hang out on a FICO forum, for God's sake!  After reading hundreds of threads on approvals and denials (usually due to to many inq's) the only thing I find distressing - and the SURE sign of an addict - is that people continue to damage their credit reports and histories  regardless of the consequences of their actions.  :smileysad:

EQ FICO - EQ08 - 850 - 01/01/15
TU FICO - TU08 - 850 - 01/01/15
EX FICO - EX08 - 850 - 01/01/15
EX FICO - V2 - 840 - 01/01/15
EQ FICO - EQ04 - 818 - 01/01/15
EQ FICO - Bankcard Enhanced 8 - 885 - 1/24/15
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Credit App-Addiction Dungeon

Looks like the dungeon is getting negative press on some other threads **cough** garden club **cough** saying were making people app.....

 

C'MON MAN!!!!!!!

 

Our mere exsistance is due to the fact that said gardeners are getting sunburnt and restless in the garden!!!




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Established Contributor
Posts: 524
Registered: ‎08-24-2011
0

Re: Credit App-Addiction Dungeon


shaddix wrote:

I don't think its so bad. I've read on here that after you get 12+ inquiries, more than that are practically irrelevant. As in 12 INQ is just as bad as 50 INQ.

 

My new personal tactic, since my credit history is fairly short. Is to get as many no annual fee cards as I possibly can. Inquiries be damned. If I can get 30 credit cards, I will get 30 credit cards. They will all report on my credit report for the next 10 years even if they close and my AAoA will be invincible.


Except that with 30 new TLs no serious lender will touch you with a pole. You'll end up with 200 Cap 1 and Orchards? Think about it, the garden is better than the Orchard!!

SevenNEW, Garden Nerd - In the Garden until 2015!
4.2K 10K 24.6K
Valued Contributor
Posts: 2,661
Registered: ‎09-26-2011
0

Re: Credit App-Addiction Dungeon


Think about it, the garden is better than the Orchard!!


That's sig worthy, right there.  :smileyhappy:

Current Scores: EX 706 (FCR) TU08: 660 Wally. 01/03/2015.
Garden? What is a Garden? :smileytongue:
Zero percent financing is where the devil lives...
New Contributor
Posts: 62
Registered: ‎02-12-2011
0

Re: Credit App-Addiction Dungeon

[ Edited ]

Have to agree with SevenNew. While it may not matter for FICO scoring to show 12, 30 or even 50 inq's, it sure does for the chances of approval for decent credit lines and future apps for car loans or mortgage. 

It is also highly unlikely that any of the new approvals will grow with you in time. I mean, I don't think you will ever end up with 50 cards with a CL of $5K ea for a total available CL of $250K while making $50K per year for example and thus will have a majority of cards with toy lines of credit.

You are seen as high risk during manual underwriting. Sure, some of those cards might offer you a decent CL with time, but not the majority. Having that many lines of credit also increases your risk for late payment I would think. Seems like a full time job just keeping cards active and making sure the payments are made on time.

 

All of this is just my opinion and am sure there exceptions to everything.


Starting Score: 500’s
Current Score: EQ Fico 707 TU Fico 737 TU08 Fico (Wal-Mart)736 EX Fico 733
Goal Score: 760+


Take the FICO Fitness Challenge
Established Contributor
Posts: 524
Registered: ‎08-24-2011
0

Re: Credit App-Addiction Dungeon


tcbofade wrote:

Think about it, the garden is better than the Orchard!!


That's sig worthy, right there.  :smileyhappy:


Done!

SevenNEW, Garden Nerd - In the Garden until 2015!
4.2K 10K 24.6K
New Contributor
Posts: 70
Registered: ‎04-04-2008
0

Re: Credit App-Addiction Dungeon

Just got an instant approval for PenFed Promise Visa, limit 7,000.

 

:smileysad:

 

Thats 3 cards in last half year. Im done now, srsly.

700 Club
Amex Gold PR, Main card, Role: rewards
Chase Amazon Visa, Role: Amex backup
Pen Fed Promise, Role: low APR, balances
Amazon Store Card, Role: 0% financing
And the one I rebuilt with, Household Bank, soon to be killed by fire.
Senior Contributor
Posts: 3,889
Registered: ‎05-24-2011
0

Re: Credit App-Addiction Dungeon


LS2982 wrote:

There are gardeners.......and there are app-addicts like myself.

 

Feel free to join me while I stick my foot in my mouth..............(amazon denied) :smileyvery-happy:

 

So if your like me and just CANT control yourself, pull up a chair and vent off in this thread!


Hello, I notice in your signature that you wrote TU08 Walmart.  How do you know that Walmart is the TU08?  Have "we" gotten confirmation from them?

 

Thanks in advance!

 

 

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Credit App-Addiction Dungeon


Booner72 wrote:

LS2982 wrote:

There are gardeners.......and there are app-addicts like myself.

 

Feel free to join me while I stick my foot in my mouth..............(amazon denied) :smileyvery-happy:

 

So if your like me and just CANT control yourself, pull up a chair and vent off in this thread!


Hello, I notice in your signature that you wrote TU08 Walmart.  How do you know that Walmart is the TU08?  Have "we" gotten confirmation from them?

 

Thanks in advance!

 

 


Yes, via MarineVietVet




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Moderator
Posts: 15,075
Registered: ‎07-14-2009
0

Re: Credit App-Addiction Dungeon

The TU score from Walmart is officially TU08

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

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 based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.