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Will this help or hurt my score

Established Member

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!

Message 1 of 6
5 REPLIES
Valued Contributor

Re: Will this help or hurt my score

What did your credit file look like before this?

               LIMITS IN CARD DESCRIPTIONS
Message 2 of 6
Established Member

Re: Will this help or hurt my score

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

Message 3 of 6
Valued Contributor

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 & CSR 10k & CSP 10k & Freedom 6.6k & Amtrak/Freedom 4.6k, FNBO DISC 25.1k Oregon Duck 5k, & AMEX BCP 32.5k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 12.5k, Paypal Extras MC 8.5k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5.9k, Walmart 10k, Citi Simplicity 9k, Discover IT 16k and a nice stack of store cards.
Last APP/HP 5/15/2017 Marcus Loan. 30k
Message 4 of 6
Established Member

Re: Will this help or hurt my score

Thanks!

Message 5 of 6
Regular Contributor

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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Message 6 of 6