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Did I open too many cards? 0__o

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Anonymous
Not applicable

Did I open too many cards? 0__o

FICO8 TU 603. I dont know the others. FAKOs are around 600. I am rebuilding after a divorce and a stroke.

The only cards I ever had were Chase Slate and Kohls that I had for over 10 years. Chase ended up charged off and Kohls had 3 lates but is in good standing now. The bank gave me an 805 or so score for a mortgage right before this happened.

So here's what I've opened with dates/limits:

April 2016 Capital One QS $1,500
April 2016 Credit One $550
March 2017 Capital One Platinum $1,000
March 2017 Walmart $400
March 2017 Victoria Secret $500

I still have Kohl's $1,000
I have an Avant loan in good standing I've paid on for 1 year. I owe $1,100 yet.

Do I sit tight, keep utilization very low, let one card report, use others just enough to not get closed?
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medicgrrl
Valued Contributor

Re: Did I open too many cards? 0__o

I don't think you have too many cards, but since you have a decent amount, you may want to consider closing Credit One.  I'm guessing they are charging you fee's?  

 

I would stay in the garden until your scores are higher and you can look at opening better accounts with higher SL's, if that's what you are seeking.



EQ 778 EXP 782 TU 729
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