05-06-2011 11:34 AM
I've been a nervous wreck waiting to see how much my score would drop after opening 3 cc's. I had no open revolving lines and did my app spree last week. The 33 point jump is based on VS, but no matter how you slice it, it's an improvement! Can't wait to see what Score Watch will tell me, waiting for those emails make me crazy!
FYI here's my app spree results:
Had a 621 EQ (Fico) and 618 (TU Vantage Score) at the time of applying.
Amazon $700 (pulled all 3 CRAs)
Walmart $150 ((pulled all 3 CRAs)
JC Penney $400 ((pulled all 3 CRAs)
Victoria's Secret (7-10 day notice, pulled EX)
Shell (7-10 day notice, pulled EX)
Target (7-10 day notice, pulled EQ)
I know I probably app'd too much, and the inquiries are pretty ridiculous, but I'm so excited to have cc's now to rebuild.
Now it's time to garden.
Thanks everyone for all of your help!
05-06-2011 12:07 PM
OP can chime in..but your score should drop if you apped for new CCs.
All those hard inquiries drop scores, not improve them.
Now over a short period, your score should rebound if your UTIL remains low.
Am I missing something here?
I just received a new revolving CL and my score dropped 5 pts.
05-06-2011 03:05 PM
Just to clarify, the accounts have posted to my CRs, and yes, I still got the bump
05-06-2011 03:32 PM
I would check your FICO TU instead of VS cuz my VS was 730 and had me feeling pretty good and my fico was only 650. Not that 650 is horrible but when you think you got around 730 its a let down.
05-06-2011 03:45 PM
From the $1250 additional unutilzed available credit, no doubt...
05-06-2011 03:53 PM
I agree, I know the VS can be misleading. It's just nice to know I went up instead of down. At this point, I'm going to wait to see what my EQ FICO is and just ride it out for awhile.
Thanks for chiming in.
Oh yeah, came home and got a Victoria's Secret card for $250 and Chevron for $350. I'm so excited! Can't wait to see them grow!
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.