topic Re: Man - I got to stop! in Credit Cards

Man - I got to stop!

Anonymous — Wed, 27 Apr 2011 22:05:50 GMT

Please feel free to yell at me! This credit stuff is addicting!

I started with one CC in my name only, Best Buy Store card with a limit of $5400.00.

This is after closing around 60 accounts over the years (I am older). Man, if I had only left those accounts open! I would run them up, pay them down and close them as I could not control my credit life. This has all changed now.

Since then, in the last 60 days:

1. Amex Zync - approved, no limit and will approve $25k per test link.

2. Barclay iTunes Rewards - approved, $2200 limit.

3. Discover - approved, $1500 limit.

4. Target Red Card - approved, $2500 limit.

5. Amex . Costco - approved $10k limit.

6. PayPal Connect - approved, $800 limit,

7. Home Depot Store card - approved, $2000 limit.

Joint with my lovely Bride:

1. PenFed - approved, $20k limit.

2. USAA MC - CLI to $30k.

Declines:

1. Chase Freedom - tried a recon but no luck.

2. Citi Forward - did not try a recon.

3. Cap One Venture - did not try a recon.

So, no fun for me for the next two or so years. But, I do have a chance to really garden these cards now to see what I can build them up to!

Please yell at me to STOP!

Thanks!

Ray

PS: This is a really great board and my thanks for all that I have learned!

Re: Man - I got to stop!

MarineVietVet — Wed, 27 Apr 2011 20:58:00 GMT

Then stop. It's not hard to do.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Re: Man - I got to stop!

Anonymous — Wed, 27 Apr 2011 21:00:04 GMT

I know - it has been fun.

Now time to garden and let some INQ's drop....

Ray

Re: Man - I got to stop!

haulingthescoreup — Wed, 27 Apr 2011 21:32:20 GMT

Stop!!!!

How's that?

Seriously, don't freak out PenFed or any of the others, because they'll all start softing you. Keep everything at $0, at least for a while.

Get yourself a gnome statue to protect your new accounts and start gardening. No, that's not a hint to get a Travelocity card, either.

Re: Man - I got to stop!

Anonymous — Wed, 27 Apr 2011 21:35:47 GMT

What was your Scores before you lost your Mind.

Re: Man - I got to stop!

Anonymous — Wed, 27 Apr 2011 21:40:54 GMT

Thanks hauling! I needed that RED slap!

I know, I need to lay low for a while now and PIF each month. I acutally do this each week. I run a tight budget and each of the charges are budgeted amounts, Each Sunday morning, I use USAA Bill Pay and send them full payment on what was charged the week prior. Seems to be working out quite well so far.

Every card has a "job" around here.

Ray

Re: Man - I got to stop!

Anonymous — Wed, 27 Apr 2011 21:42:08 GMT

Mid to upper 700's on each.

I am sure I will take a hit short-term but that''s fine with me for now.

Ray

Re: Man - I got to stop!

JayRizzo — Wed, 27 Apr 2011 21:51:57 GMT

Keep your eyes on that Barclays account. If you notice them softing your report several times in a single month, that means they're about to close it without notice and they don't reopen. They don't like newly opened accounts after they've approved you.

Re: Man - I got to stop!

vish1 — Wed, 27 Apr 2011 21:54:44 GMT

+103

Re: Man - I got to stop!

Anonymous — Wed, 27 Apr 2011 22:02:59 GMT

Will do - I have read they are sensitive to that. I appreciate the advice!

Barclay's pays my USAA insurance bill each month, that is all they are used for right now. I figured I hit them up for a CLI i 6 months or so..

I am now officially in GARDEN mode!

Ray

Re: Man - I got to stop!

smallfry — Wed, 27 Apr 2011 22:12:08 GMT

Ray the easiest way to stop is to STOP reading all message boards pertaining to credit. Been there done that.

Re: Man - I got to stop!

Anonymous — Wed, 27 Apr 2011 22:23:05 GMT

I hear you.

I do like to read this board and have picked up some good tips to work with.

Now maybe I can cool down and share some of my past experience. Maybe I can be of help...

When you read these boards, it is not hard to get all excited and app just for the heck of it. I know, it caught me!

Ray

Re: Man - I got to stop!

DI — Wed, 27 Apr 2011 22:43:06 GMT

YOU NEED TO PUT A FREEZE ON ALL OF YOUR CREDIT REPORTS!! That's my yelling.

Re: Man - I got to stop!

Anonymous — Wed, 27 Apr 2011 22:48:26 GMT

THANKS FOR YELLING!

I am considering doing just that. Temptation is a terrible thing unless it can be controlled!

Ray

Re: Man - I got to stop!

DI — Wed, 27 Apr 2011 22:54:18 GMT

@Anonymous wrote:
THANKS FOR YELLING!

I am considering doing just that. Temptation is a terrible thing unless it can be controlled!

Ray

I've had credit freezes on my TU and EX for over two years now. Things have worked out well. The inquiries are disappearing.

Re: Man - I got to stop!

Anonymous — Wed, 27 Apr 2011 22:56:31 GMT

I have not done this - what is the approach???

I would freeze EQ and TU. EX looks quite good right now. EQ has the most INQ's.

Thanks!

Re: Man - I got to stop!

Datx — Wed, 27 Apr 2011 23:00:36 GMT

Go to the website for each CRA and do a search for a freeze. Mine are ice frozen because I can't say stay away from that pretty "Apply" button.

Re: Man - I got to stop!

Open123 — Wed, 27 Apr 2011 23:18:55 GMT

@DI wrote:

@Anonymous wrote:
THANKS FOR YELLING!

I am considering doing just that. Temptation is a terrible thing unless it can be controlled!

Ray
I've had credit freezes on my TU and EX for over two years now. Things have worked out well. The inquiries are disappearing.

For me, this would be the only realistic way for me to stop for a while. Or, stay off the forums.

Re: Man - I got to stop!

Anonymous — Thu, 28 Apr 2011 03:30:37 GMT

Wow thats alot of apping.....STOP! lol

Re: Man - I got to stop!

tntexans72 — Thu, 28 Apr 2011 03:40:41 GMT

Does freezing your credit report raise a red flag with your current lenders?

I know Barclays will soft you the 1st 6 months if you have an account with them...will they red flag you? or closed your account?

I guess the question I have for anyone who freezes their CR is...have any lenders closed your account because of the freezed?