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Established Member
HENA210
Posts: 60
Registered: ‎01-13-2010

Re: app spree

haha Ok last one submitted was Bed Bath and Beyond Mastercard, My Fico is is gonna plummet

Mega Contributor
Creditaddict
Posts: 18,855
Registered: ‎10-23-2007

Re: app spree

the good news is, it will probably come back in less than 6 months. but I really would stop at this point until you work your way through all these current apps out. it's going to be tough probably with all the reports blocked

Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:
Established Member
HENA210
Posts: 60
Registered: ‎01-13-2010

Re: app spree

True, but since I am the only one with the pin code why would they give me a hard time? Which would you say i stand best to get, I apped Krogers and CHase first

Established Contributor
jefftca925
Posts: 683
Registered: ‎08-14-2008

Re: app spree

 


HENA210 wrote:

Ok putting the laptop down, Just apped for West Elm cc, and Toyota....both 7-10 day message....that now 11 cards I applied for....OMG i am screwed now, hopefully Kroger, Chase, and UsBank will aprove!


HENA210 wrote:

I figured that, i should have taken them off before, they are probably going to hound me for every piece of identity now, dong even know where my SSN card is. Oh well Barclays I fear are going to be the hardest, even though my scores qualify. Has anyone had luck GW asking to remove the inqs?


 You can't have legitimate inquiries removed as that is considered fraud.  Is there a specific reason why you app'd for ALL of these cards?  Even if you get most of these there still is the risk of being AA'd later on when some of these big banks soft your reports and see all of these accounts all of the sudden pop up.  Having a great FICO score is attributed to a smart financial plan and doing things in a timely fashion.  I just wouldn't want to spend the next few months looking over my shoulder to see if any of these cards are going to go bye bye.  Next week should be interesting for you... keep us posted.

 

CCs: Chase Freedom World MC 6.9k, CSP VISA Sg 7k, BofA Amex 12.5k, Discover 10.5k, US Bank Cash+ Visa Sg 12.5k, Macy's Amex 8k/1.5k, Gap Visa 10k, Best Buy 11.1k, Citi TY MC 9.2k, Citi AA Amex 6k, Nordstrom Visa Sg 10k, Amex Zync, Costco Amex 12k, BofA CR Visa Sg 17k, Amex BCP 9.5k, Amex Blue 5k, Sears MC 9k, HD 7k, Target 600, Amazon 7k, US Bank MC 15k, US Airways MC 4k, NFL Visa 4k, Patelco Visa 10k, Penfed PR Visa 44.6k, Chase United Visa Sg 13k, Chase Marriott Visa Sg 8k, Citi Simplicity 11.4k, PayPal MC 5k, Compass Visa 4k, WF Visa Sg 14k, FNBO Amex 14.1k, OCCU VISA 15k, TR Visa Sg 10.8k, Capital One QS Visa 3k, FRN MC 12k, HSN 4k, Saks WEMC 10k/4k, Chase Ink 18k, Barclay Arrival 10k, Ebates Visa Sg 8k FICOs as of June '14...EQ 808 TU 804 EX ?
Regular Contributor
Wesley23
Posts: 122
Registered: ‎06-02-2008

Re: app spree

I just don't understand why people go on 'app sprees.' Isn't it far more preferable to take it slow, get cards with large banks/credit unions over time, and build your history with them? That's the approach I took, and it has served me way better than applying to 8 sub prime cards, and then ditching them when my credit score increases. I started with a score in the upper 500s, and have worked myself up to 760. I currently have cards with bank of america, chase, american express, discover, and penfed. I plan to just grow with these companies rather than going on 'app sprees' which will litter my credit file.

 

Take it slow. Building credit isn't like going on a shopping spree. It takes time.

Valued Contributor
mjbfan79
Posts: 1,998
Registered: ‎03-31-2008

Re: app spree

Any updates?


Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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Established Contributor
gbishere
Posts: 736
Registered: ‎07-07-2010

Re: app spree

I'm curious to see how many you got approved for. What happens if you got approved for them all?

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01/11/2011: FICO:TU: 746
12/14/2010: FICO:EQ: 744
08/12/2011: FICO:EXP: 766
Senior Contributor
score_building
Posts: 3,510
Registered: ‎01-10-2008

Re: app spree

If OP submitted 11 apps as PP less than 50% approval should be expected, another good reason to be more moderate when seeking new credit.

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)

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