topic Re: Indigo approval, no AF in Bankruptcy

Indigo approval, no AF

uktaurusbulba1 — Wed, 09 Aug 2023 15:14:46 GMT

Got my 4th card post discharge, which was mid July. 4 apps and 4 approvals. I've applied to these cards because either ck or sesame told me I was pre approved. So far, so good. Was'nt interested in Indigo because all the offers I saw were with huge annual fees, but this pre approval came with none.

Ally- $500

Mission- $2000

Merrick $1250

Indigo $1500

Re: Indigo approval, no AF

Linnaea — Wed, 09 Aug 2023 17:52:19 GMT

Congrats. You have nice limits coming out of Bancruptcy. I did the paid chargeoff s and mine not at those limits. Kudos to you.

Re: Indigo approval, no AF

GApeachy — Wed, 09 Aug 2023 17:59:44 GMT

Four for four, not bad! 👍👌

Re: Indigo approval, no AF

uktaurusbulba1 — Wed, 09 Aug 2023 20:28:32 GMT

Thanks, may be because I had big limits before, or, I am listed as an AU on a card from 1981 with a 20k limit and one from 2007 or so with $11k limit that report to Equifax and TU. Not sure , but, Ive been getting these ideas where to apply to from here and on those credit sites. They told me I would be approved on all the ones I tried.

Re: Indigo approval, no AF

uktaurusbulba1 — Wed, 09 Aug 2023 20:29:45 GMT

Yes, using CK and sesame plus here to get find out who to apply to. Those sites told me Id be approved for those cards.

Re: Indigo approval, no AF

FireMedic1 — Thu, 10 Aug 2023 09:57:39 GMT

Congrats! Nice way to get started. Be careful on those sites. Its still marketing.

Re: Indigo approval, no AF

Guyatthebeach — Thu, 10 Aug 2023 21:38:47 GMT

@uktaurusbulba1 ,

Congratulations on your Indigo approval. It's great to see you got it with no AF!

Just use them wisely, and those FICO scores will grow!

Guyatthebeach

Re: Indigo approval, no AF

twono — Sat, 19 Aug 2023 15:33:56 GMT

Those are all the cards you need for now.....I wouldn't apply for anymore or anything else for that matter for at least 2 yrs. By then the INQ's will have fallen off and scores will be creeping up....

If you get too many new accts, it's only going to slow your rebuild down by lowering your AAoA, inq's, etc....

Re: Indigo approval, no AF

FireMedic1 — Sat, 19 Aug 2023 16:00:40 GMT

@twono wrote:
Those are all the cards you need for now.....I wouldn't apply for anymore or anything else for that matter for at least 2 yrs. By then the INQ's will have fallen off and scores will be creeping up....

If you get too many new accts, it's only going to slow your rebuild down by lowering your AAoA, inq's, etc....

@twono FICO only counts inq's for 1 year. Vantage holds it for 2 yrs.

Re: Indigo approval, no AF

twono — Sat, 19 Aug 2023 16:53:41 GMT

@FireMedic1 wrote:
@twono wrote:
Those are all the cards you need for now.....I wouldn't apply for anymore or anything else for that matter for at least 2 yrs. By then the INQ's will have fallen off and scores will be creeping up....

If you get too many new accts, it's only going to slow your rebuild down by lowering your AAoA, inq's, etc....
@twono FICO only counts inq's for 1 year. Vantage holds it for 2 yrs.

Correct, but they stay on your reports for 2 yrs and the creditors will see them. So if you have 75 inq's on your TU after 1 yr and 364 days, you might want to wait until the 2 yr 1 day mark when the inq's fall off completely before applying...Point is, 0 inq's look better than 75 in the eyes of the creditor.

Most of us should know by now that inq's don't hurt your score after 1 year, but they do hurt your approval chances and SL amount when the creditor sees them, unless your file supports mass credit accts and inq's..