Thanks to Myfico!

[tvandine]

I went from a 450 on May of this year, with zero history! To this. With 25 TL open! Revolving credit of $9500!

FICO® Score: View

Your FICO® Score As of July 31, 2014 your FICO® Score is: 699

Key Factors Affecting your FICO® Score

You have a short credit history. You've recently been looking for credit. Your FICO ® Score measures the age of your oldest account and the average age of your accounts. In your case, either your oldest account was opened recently or the average age of your accounts is relatively low. People that do not frequently open new accounts and have longer credit histories generally pose less risk to lenders. Each time you apply for credit a credit inquiry is added to your credit report. Your credit report shows recent credit inquiries, which indicates that you've recently been seeking credit. People who are actively seeking credit genreally pose more of a risk to lenders than those who are not. Your FICO ® Score was lowered due to the number of credit inquiries performed within the last 12 months. Your FICO ® Score will consider these recent inquiries less as time passes, provided no new inquiries are added. Keep this in mind: As your credit history lengthens and you pay your bills on time, this factor should have less of a negative impact on your score. Keep this in mind: As a general rule, if you don't need or plan to use credit, don't apply for it.

[RushXTC]

Nice! Congrats!

If you have an average of $380 per account, I'd garden for 12 months now and then ask for CLI's on all of them.

[coldnmn]

Congrats! Thanks for sharing.

[Ashhh1991]

Congrats on your credit score.

I agree with RushXTC that you should garden for about a year. After a year, you can try to apply for some of the prime cards (Discover IT, Freedom, Amex BCE etc).

I'd also recommend closing out any cards (or converting), before the annual fee hits.

EDIT: I just noticed that we both registered on the same day.

[ExplicitElicit]

Congrats on your success! Keep up the hard work and garden those accounts!

[LiberatedRN]

Wow!!! That's great!!!  If you don't mind me asking, how did you get so many TL with a low score? Which TL's did you find easiest to get? I would appreciate the advice. Thanks!

[Revelate]

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@LiberatedRN wrote:

Wow!!! That's great!!!  If you don't mind me asking, how did you get so many TL with a low score? Which TL's did you find easiest to get? I would appreciate the advice. Thanks!

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A slew of store cards, 3 rebuilder, 1 subprime roughly looking at the signature line; nothing wrong with that and the score improvement is an impressive accomplishment however it's come by (though OP I'm guessing some negatives came off as well, or were old to begin with?) but so many TL's are not necessary from a credit building perspective.

Congrats regardless!

[HiLine]

Congratulations!!!

Revelate: agreed that that many cards is not necessary, but it certainly helps in the long run, when more credit accounts are added, more existing credit cards = higher AAoA, so there is a certain degree of advantage.

[Revelate]

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@HiLine wrote:

Congratulations!!!

Revelate: agreed that that many cards is not necessary, but it certainly helps in the long run, when more credit accounts are added, more existing credit cards = higher AAoA, so there is a certain degree of advantage.

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Would suggest that buffer is just fine with far less tradelines honestly by the time you get to the 2 year mark where it becomes a problem.  While I agree with your assertion mathematically, in practice it is often immaterial.

[alvon123]

congrats