Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
Re: Got First Credit Card - Next Step?

ccnewcc wrote:

Shogun wrote:

Just a suggestion, if you're going to app, do it in spree.  That way HPs all age off at the same time rather than slowly slipping off over months.  Just my personal opinion.


So i may be too new to challenge your advice or to give out my own (and i know that many ppl on this forum love sprees and are sucessful), but aren't app sprees frowned upon?

 

I read that these socalled app sprees can be seen that a borrower is in bad need of credit and thus a much more riskier applicant.  


Of course it could be seen that way.  There's always the YMMV of course.  I'm not suggesting doing like 12 apps or anything,  Ususally only 3-4 max.  Then with a year of gardening the accounts are gaining strength.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
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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!