I regret opening so many credit cards

[Pway]

I'm cutting down on most of my cards as well.  I have too many, and I don't even use them.  

[NY2014]

Never regret anything you do possitive, succeed, accomplish ones goals, regardless ! Truely i agree with (OP) first statement " their are others including myself

that needed it more.." A financial fix" ? but might start an arguement if its taken out of context, where you  used "you made a Mistake"opened 23 cards"mistake", unfortunately can lead to failure. .

 Dont you think you reached your goals,your fico score ,isn't harmed,its almost like ending the race game/ card collecting? You were sucessful to accomished your goal.

 "Never regret"never say its a mistake,! in the same sentence, I just learned how to manage much easier but still take a few cards out for (we)can get for a test drive. the

The reason why sometimes thanking everyone here everytime for listening eager to learn most of us Credit 101. moderators forgive me,for this were great traffic directors, on the super highway,you pass,move on up to the credit app section,extremly helpful, nice and took the time to get or give answers,  that i didnt waste my time,and we sometimes,have to remind ourselves.especially myself to be humble,

 For 5 yrs never missed a payment, did the pay as you go send a check 3 timers a weeks daily routine.for $300 Cl, 

 decades ago,(lets just keep it ageless) credit had a simple formula to banks,interest rates,defaults,the more credit aapproval was already in your mailbox like a suprise gift a credit anyalist, .it was your loan officer that stamped your increase, me ,26 CC  worth CL 400k later  only used 3 cards  for business at that time. Commercial credit high interest rates My Wife passed way I sold my home in1998/ ,moved from town northern calif where  supermarkets there are still a general store,and Feed stores

I moved to the Big Apple like a 18 yr old wanted to explore challenging myself again a new business  my life was was closed minded, those 26 CC all canceled closed, I had no credit  at my age, 8 months in the Big Apple, My savings bank account had at lease a yr to survive or go back to my small town, make my business work and make money, I didnt know about my credit or what score  need to have to get a credit line or a Credit card got my business going  18 hours, a day made flyers,post cards printing,then i  my first and contract and my first customer accounts3 months work, but then i needed credit again, i need a bigger office,work place location i didnt really hacve a place to work out of, i walked into 2 banks where i had my saving and a nice younger accounts checking i asked for a loan business i was turned down, she told me to apply for there CC she sshowed me my credit I responded  "where did all my credit info go", I thought it was there forever as a referrance. what my age?

I applied for 2 CC on line, congrats aproved . $300.CL ,2 yrs went by with two CC  no CLI, never missed a payment used only one card sent  payments 3 times a month,because i needed to use that CC for.purchases, My business and the location was perfect .Biut  high rent area money  remodeling  the office didnt plan to well because my clients grew ,I finally was able barely to afford part time employees, do my books records, 3 times over my budget  after the business had established my creditablity reputation  put money in the bank  I still had the $300 Credit card .Cl going on 3 yrs.

one day i got in the mail, a bill, celluar phones, collection,never odered bought phones, , called the company,told them not mine,and then i got calls, collections,threats My identity was stolen, apt rental 3000 miles away. 5  payday loans  1 autos places in texas i never been, found checked my credit and amazed all the collections.Credit cards payday loans,and another capital one ,small limit becaude my credit i did bother to check anymore, someone else bothered gfor me, 

sorry to mae this a story of my only reason im telling this story because this is where i mostly enjoyed learning, building and try giving back to remind me I was there back, and to the OP. thats started this Thread,"Never regret" , I don't , you can have 200K CC cards or just one, i came here with $300 Cl . i was loyal capital one ,and honeslt i still because that chcking account banker i walk to im old fashion i like direct customer tellers.  5 yrs  they treated me like a personal banker customer,, the name Crap1 here you tUGHT ME there is a way all one had to do was ask ..i asked for $200k CL. my goal. i am at $170k 19% Ulit,,yes i tried to raceor make it a race,was toldthis lane is to fast for me,walk the marrarthon first,I turned it to s challenge, the challenge, and i think everyone has the same intensions,it was fun, and happy people like yourself, can share these experiences. like myself..again dont regret I thnk this forum, and friends how you use credit,build today .. im gardening, next week I have my eyes on 3 more cards, why because you got them. AND I AM COMPLETE,, To OP's Thanks for your post . management ..

THANKS EVERYONE.... 

[Hockeyplayrr]

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@youdontkillmoney wrote:

I'm down to 4 credit cards (see signature line below). Looking back, I had about 23 credit cards, but the fact that I cancelled all but 4 made me realize I made a mistake opening them in the first place if I ended up cancelling them. This fact, made me come to this realization. Fortunately, my FICO is strong though. Just wasted time and energy dealig with all those cards when I didn't need them. It was partly collecting, to see if I can get them, but also trying to get one of each kind I wanted for the uniqueness factor, such as JCB, PenFed, etc. 

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I hear you on that.  I left this site probably six months or so ago because of this.  I really only use 2-3 cards and the other 9 are collecting dust.  I'm just letting them close out on their own from inactivity if they do.  Too much of a hassle to manage and some of them are things such as PenFed and SDFCU which are a little harder to get. 

[Anonymous]

good on your part! as long as your doing what makes you happy you are golden my friend.