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Stupid Mistake

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searchwiser1
Established Member

Stupid Mistake

Before I found this Fourm I had No Idea what I was doing. I had a Cap One Secured Card for a year and I decided to try for a Walmart

Card in Nov and got it. I was told I needed 5 credit cards to boost my Fico so Off I went trying to get 3 more and racked up ALOT of Inquires.

38 In total "I Know I know" lol. My question is, How long should I garden before I ever reply for another Card.



Starting Score: 610
Current Score: 612
Goal Score: 850

Take the FICO Fitness Challenge
Message 1 of 7
6 REPLIES 6
DaBears
Senior Contributor

Re: Stupid Mistake

holy cow!!!!! I believe they will remain on your credit reports for 2 yrs.

Message 2 of 7
dabrian
Frequent Contributor

Re: Stupid Mistake

Did you get any approvals?
NFCU Sig Cash-20k/ Amex BCP-19.4k/ Amex Costco-1.2k/Chase Marriott-12k/CSP-13.4k/ Freedom-5.5k/ Discover IT-14k/NCSECU-5k/Walmart-10k/Lowes-25k
Message 3 of 7
searchwiser1
Established Member

Re: Stupid Mistake

Just the Walmart one lol

ALl others said too many inquires



Starting Score: 610
Current Score: 612
Goal Score: 850

Take the FICO Fitness Challenge
Message 4 of 7
Kevin5974
Frequent Contributor

Re: Stupid Mistake

They hit less after 6 and even less after 1 year. They dont matter between 1 yr and 2 when it falls off. That hope of going 6 months to a year helped me not give up.. I once had 100 -- no joke

Starting Score: 475
Current Score: 649
Goal Score: 690


Take the myFICO Fitness Challenge
Message 5 of 7
bettercreditguy1
Established Contributor

Re: Stupid Mistake

The HP's will report for two years on your cr reports. Fico only scores them for one year. So yes, when you apply for new credit, they will see the reported numbers for two years.

Updated scores 3/7/21 TU 849, EQ 829, Ex 818 (all Fico scores) Remember the Three P's: Pay early in Full, Pay on Time, Patience
Message 6 of 7
Shogun
Moderator Emeritus

Re: Stupid Mistake

Take what you have and sit in the garden.  Only app for credit when you "need" it.  Smiley Happy

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 7 of 7
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