@FixMyCredit1992 wrote:Two of my denial letters said "lack of accounts paid as agreed".
I only have 3 active TL's. Maybe I need a 4th?
That just means your file is thin. Which you very well already know. There is no one that wants to give you a card with scores this low and your inquiries as high as they are. You can continue on down this road of more more more but you will be racking up those INQs and keep getting denials. If you listen, you can garden long enough that Cap1 will give you a card and then you can work from there.
Sometimes, I don't even know why I bother.
@FixMyCredit1992 wrote:6 months. Acording to myfico panel, and 3 denial letters, "lack of installment loans", is hurting my score. I find that kinda stupid. Taking out an installment loan would raise my UTL and lower my score.
Again, it is a blanket statement that is applied to say you have a thin file. The only way to beef up your file is to delicately with time do that, you are trying to bull your way through the china shop. That type of credit behavior can be tolerated when you have a super thick file, only because with a thicker file AAoA isn't affected as much; but make no mistake, the people who have this type of behavior whether their scores are excellent or not experience some sort of a negative result from it. (Whether that is their APR is approved at a higher level or their starting CL isn't as high as it would be if they had applied in a not-too-fast type of fashion.)
I hope I'm making sense and you somewhat understand what I'm saying.
If you've already taken the HP, you need to show creditors that you value them taking the time out and show them you want to build a solid profile. I would put the 300 on the secured card and call it done for a while.
Don't apply for any more and focus on paying off everything. If you can't handle your utilization at this low level of a credit limits extended to you, then you will file bankruptcy before you know it years on down the line if a company decides to give you much larger CLs.
I really do wish you well. Good luck and the best of patience, as well.
Don't apply for any more and focus on paying off everything. If you can't handle your utilization at this low level of a credit limits extended to you, then you will file bankruptcy before you know it years on down the line if a company decides to give you much larger CLs.
I really do wish you well. Good luck and the best of patience, as well.
@FixMyCredit1992 wrote:The HP for the BOA secured is already on my CR.
It's either.
A. Go ahead and mail in the $300 Security deposit, and wait 12 months to graduate for the BOA Secured.
B. App for the FNBO Secured, possible CLI at 6 months, possible chance to get unsecured in 9, suffering another HP.
C. Keep the $300 and use it to pay down balances, but have a wasted BOA hp. AND ALSO SPEND $10 EACH OUT OF THAT $300 TO FREEZE ALL YOUR REPORTS
Which should I do?
@yudeology101 wrote:
@FixMyCredit1992 wrote:The HP for the BOA secured is already on my CR.
It's either.
A. Go ahead and mail in the $300 Security deposit, and wait 12 months to graduate for the BOA Secured.
B. App for the FNBO Secured, possible CLI at 6 months, possible chance to get unsecured in 9, suffering another HP.
C. Keep the $300 and use it to pay down balances, but have a wasted BOA hp. AND ALSO SPEND $10 EACH OUT OF THAT $300 TO FREEZE ALL YOUR REPORTS
Which should I do?
lol, I wanted to say this, believe me.. but I don't think the OP will heed the advice and will still want to apply for something.
