05-06-2011 10:31 AM
I'll probably wait 6 months from my last inquiry 2 months ago and if its a nogo then wait a year while paying down my balances. Should be at 3% utilization in 4-5 months
05-06-2011 06:58 PM
Discover is notorious for looking at the whole picture other than just a simple credit score. They are also not known for giving generous credit lines - even to those whose scores and history are in far better shape than yours. I've seen people with your score get discover cards, but not very often. I've never seen anyone (at least here on MyFico) who is 20 years old with 17 open and relatively new accounts, with more than a dozen inquiries on their reports get a Discover card - even those like you who seem to use what you have responsibly. Don't be in such a rush. Mellow out a bit and let what you have grow for a while. In all honesty, (I assume you're looking for a truly honest assessment) I wouldn't apply for anything for five years. More isn't necessarily better. Believe me, I know!
05-06-2011 07:45 PM
Just trying to give you advice here....not trying to tell you what to do.....
I really think you should ask yourself why you're addicted to credit (credit cards)?
Wrap up all your cards in a rubber band and stick them in your dresser drawer and don't use them for 3 months.
Then ask yourself what you were thinking?
If you keep up with this behaviour at 20, you're risk for charging off by 27 is about 93%.
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.