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Established Member
Posts: 46
Registered: ‎06-17-2012
0

Will this help or hurt my score

Went on my first app spree ever and I think I did okay:

 

KSCFCU - Visa 1000

Pottery Bartn - 4000

Ethan Allen - 3500

Citibank - 5000

Home Depot - 8000

Amex BCE - 7000

B of A - 5000

 

 

Ultimately, I came with no credit cards and now I have all of these.  Will this help my credit or hurt me?

 

Thanks!

Valued Contributor
Posts: 3,096
Registered: ‎01-26-2012
0

Re: Will this help or hurt my score

What did your credit file look like before this?

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Established Member
Posts: 46
Registered: ‎06-17-2012
0

Re: Will this help or hurt my score

I had no open trade lines.  Only closed from years ago and student loans. 

Valued Contributor
Posts: 2,224
Registered: ‎09-16-2011
0

Re: Will this help or hurt my score

when the first couple hit your score will go up, then as the rest hit the score will go down a little each time. How far they go down is unknown, Since your UTL is zero now it won't approve your UTL.

 

Now its time to garden and let your new seedlings age, and grow with you. 

 

Congrats nice cards to start with

 

Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 12k Sally Mae5k Sams Club MC 10k, Paypal Extras MC 6k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5k, Walmart 10k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 10k and a nice stack of store cards.
Last APP/HP 4/22/2015
Established Member
Posts: 46
Registered: ‎06-17-2012
0

Re: Will this help or hurt my score

Thanks!

Regular Contributor
Posts: 118
Registered: ‎06-10-2012
0

Re: Will this help or hurt my score

If you had no revolving credit at all and now you have all of these new accounts this will boost your scores tremendously. Rev UT is 30% of your total credit score this will have a tremendous positive impact. Congrats! What were your scores before the spree?
 

Starting Score:
585
Current Score: FICO TU 725 FICO EQ 735 EX 754
Goal Score: 850


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