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Established Member
Posts: 12
Registered: ‎12-19-2009
0

Where should I go from here?

[ Edited ]

I posted here a few months ago (if you want to hear my sap story it's here Smiley Tongue) and since then I've managed to get the baddies off my report.

 

So here I am with clean reports, I decided to try to apply for a few CCs. Of course, the key word being a few. I should have known better, especially since my reports got pulled by me to fix them a few months ago and then again last month when I got a new card. So naturally with high inq's and a util thats about 50% right now, I was declined.

 

I'm going to work on getting that util down to close to nothing, but I have two questions: 1) how long should I wait to try again given the high inqs; and 2) what would be my best option when I finally do apply, so I don't use up a lot of inqs again. A CU card? Or is there a certain bank thats best?

 

Bear in mind my situation too. If you didnt read the link, here's the reader's digest. Young (24), limited credit history, 2 Orchard Bank Cards and 1 Cap One (although I'm now an AU on my gfs Citi with a $4.5k limit), not a student, and previously had one baddie that is no longer dragging me down.

 

Thanks for your input! Smiley Happy


Starting Score: 7/2010 TU: 674 EQ: 659
Current Score: 2/2011 TU: 711 EXP: 713, 5/2011 EQ: 698
Goal Score: 8/2011 TU: 750 EQ: 725 EXP: 750


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Established Contributor
Posts: 665
Registered: ‎03-31-2007
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Re: Where should I go from here?

Depends on the number of inqs you have.  Inqs remain for 2 years.

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Established Contributor
Posts: 620
Registered: ‎05-09-2009
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Re: Where should I go from here?


MattFromBaltimore wrote:

I posted here a few months ago (if you want to hear my sap story it's here Smiley Tongue) and since then I've managed to get the baddies off my report.

 

So here I am with clean reports, I decided to try to apply for a few CCs. Of course, the key word being a few. I should have known better, especially since my reports got pulled by me to fix them a few months ago and then again last month when I got a new card. So naturally with high inq's and a util thats about 50% right now, I was declined.

 

I'm going to work on getting that util down to close to nothing, but I have two questions: 1) how long should I wait to try again given the high inqs; and 2) what would be my best option when I finally do apply, so I don't use up a lot of inqs again. A CU card? Or is there a certain bank thats best?

 

Bear in mind my situation too. If you didnt read the link, here's the reader's digest. Young (24), limited credit history, 2 Orchard Bank Cards and 1 Cap One (although I'm now an AU on my gfs Citi with a $4.5k limit), not a student, and previously had one baddie that is no longer dragging me down.

 

Thanks for your input! Smiley Happy


You can pull your own reports as many times as you want.  No hard inquiry there, and won't affect your scores whatsoever.  Only when you apply for new credit does it  result in a hard pull.  With that said, i would wait for another year to apply for anymore, and let those new tradelines age.  This will build your AAoA, and keep your balances low on what you have <10%.  After a year, your current inquiries won't hurt your scores any longer.

Current Score: EQ: 807 TU: 811 EX: 813 (Fico) 8/14
Goal Scores: 760 Across all 3-Finally


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