How bad is the ding likely to be?

[crunching_numbers]

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@FrugalRican wrote:

The ding by the new cards will be overshadowed in about 6 months. The only thing that'll truly "suffer" is the AAOA.

But your overall utilization was absolutely destroyed (positively) by getting these 3 cards. So it all works out in the end. I wouldn't be too worried.

Specially since you no longer have to worry about interest accumulating on those cards and knowing that everything you are paying is the (Principle - BT Fees).

Profit!

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Util% was reported as:

1st report= 81%

2nd report=75%

3rd report=63%

I have a LOT of debt to pay off, when you take the stuff in DH's name into account too.  The extra CL is going to help, but I need even more help than that. 

Removed the AU's.  Paid some of the debt.

There is an old item, an error in my favor if you will, for $20K of CL that is sitting there helping me, but is a closed acct not labeled as such. If life is kind, it will stay there until I get the rest fixed before it falls away. TU98 is not nice to my large AMEX balance, so that is in my favor for the other FICO flavors.

It's all about time and paydown now. It is just SSSOoooooo hard to be patient... 

[crunching_numbers]

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@RW771 wrote:

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@crunching_numbers wrote:

Oh gosh. I apped and got three new cards. It just hit me that I am going to take a big hit to my scores for this.

How big will the hit likely be?

At what point is AAoA "old enough" that it doesn't matter if you drop some? 

What kind of ding is there for new credit?  how long does it take to go away?

I needed the 0% BT's, so I had to take the hit, but now I am starting to panic that the hit will be humongous...

Anyone with establised credit and too high util ever get 3 new cards at once? How bad was the hit? How long before the hit starts to go away? The new available credit will have helped my util% some, but those new cards hitting will be bad won't they?.

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@Congrats on the new cards! I too am hunting for a CC and about to apply. I'm just waiting on this one dang card to still report to slow @#! EQ and then I'll be going to the bank!

My scores are similiar to yours, so I'm curious as to what limit I might qualify for. I may have to apply for more than 1 to get the amount I'm needing so kinda curious what will happen to my credit too (should I get approved for one even lol).

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Income plays a roll in these credit lines as well. I got $6500 from both FNBO and DM.  I got $3000 from Citibank.  HHI is high ($212K), and that is helping my high util% and low scores. 

[FrugalRican]

You'll get there. I know the wait absolutely sucks, but the payoff will be amazing once you arrive.

[crunching_numbers]

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@FrugalRican wrote:

You'll get there. I know the wait absolutely sucks, but the payoff will be amazing once you arrive.

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Frug- you are my biggest cheerleader!

The myFICO boards are going to get me through these next 2 years. Everyone is so encouraging and helpful.  It is great because it seems no matter what your situation, somebody else here has already lived it and knows the ropes.

Thanks a million, you guys are the greatest!