I have been rebuilding since Aug 07...the usual garbage (FP, Salute (yuk), etc). Managed to get pre-approved for J.C. Penny's in November and a Cap1 in February.
Finally in March I was softed for a BoA Choice Hotel w/ 6k limit....and then I couldn't stop...started apping for everything in sight.
I even apped for several Chase cards (the reason for this post). Got declined. Read about recons on here and made the call. Ended up with Mariott Sig Visa and MGM MC total limit 7k.
Since I had the bug and suffer from some sort of Hyper-Application-Syndrome...and couldn't stop. More is better -- right? WRONG
On Saturday I received a letter from Chase --- "...We have elected to close your account(s)"...BOTH OF THEM...due to to0 many NEW accounts and too many INQ!!! Hadn't even received a statement yet.....I was distraught. Suicide Prevention wouldn't even answer. And to make matter worse, it was a long weekend.
Today I called and spoke to the Risk Department. I carefully explained that the INQ were because I was trying to fit all of my new credit into a window, so that next year they would all drop off. And that none of my new accouts were opened after they opened mine. These are true statements.
The CSR went away for a few and came back and said that he could re-open both of them.
So, I have learned my lesson. I am in a really good place to have received more than my share of cards with less than a great score. I need to fly under the radar, take care of business and work on CLI's not new credit.
Thanks to everyone, otherwise I would have just taken what then sent me.
Remember (cuz I didn't) -- rebuilding is a marathon, not a sprint!!! But if you get into trouble, don't panic and consult the forums -- there are tons of really smart people in here who can help you out of a jam!
Aug 07 -- EQ 520/TU 518/EX 530
Mar 08 -- EQ 575/TU 583/EX 595
May 08 -- EQ 600/TU 604/EX 635
Message Edited by each-day-better on
05-27-2008 02:54 PM