01-14-2013 07:09 AM
01-14-2013 07:15 AM
Looking at my reports from MyFico:
Both EQ and Transunion has on the summary page: Amount of new credit: BAD (The others are Great, Very Good and Very Good, so this stands out!)
and that's based on just 4 INQs!
01-14-2013 07:41 AM - edited 01-14-2013 07:43 AM
Every approval I've ever gotten has always listed the following negatives:
1. Too many inquiries - about 10
2. Balances too high relative to debt - always less than 10% but greater than 5%
3. Serious delinquency - was out of the country in 08, and missed 2 or 3 months payments - few hundred dollars
4. Too few accounts paid as agreed - 10 accounts, guess their going with Credit Karma's 24 as ideal
And, this is for approvals from Chase, Citi and Amex respectively with CLs ranging from $10K - $25K. So, I've always taken their automated reasons with a large grain of salt.
To me, it's all rather meaningless.
PS - My scores never change - always receive Fico from approvals as being 725 - 730 regardless inquiries or new accounts.
01-14-2013 07:58 AM
01-14-2013 10:25 AM
I have 8 +or-inqs in each bureau 4 for the last month, and i got approved for a cap 1 platinium and denied for an amex, the same day. my plan was to get a couple new account, i did, i got two. and now im done and gardening all this 2013.