topic Re: Okay, I Did It! in Credit Cards

Okay, I Did It!

Anonymous — Mon, 10 Mar 2008 17:23:57 GMT

I might as well admit that I have an addiction!! I was pre-approved for a BofA plat visa and I applied for the Humane Society one. I wanted it so badly because it helps animals and I was approved for 10,400k. I love anything to do with helping animals. I even have The Humane Society personal checks.

I know, I know I was groaning and moaning about my scores taking a hit but I'm going to forget about it! I am not going to concern myself daily as I have in the past about those damned scores. I wanted the card and I apped and got it and that's that. As someone said, they'll go back up before too soon anyway. Besides, I'll continue to pay my cards on time and I'm going to write a letter to cancel that Kroger Personal finance card. At least I'm happy.

Re: Okay, I Did It!

Anonymous — Mon, 10 Mar 2008 17:32:53 GMT

And thats what really counts being happyWTG!!!

Re: Okay, I Did It!

Anonymous — Mon, 10 Mar 2008 18:25:04 GMT

Congrats MsQ, you have a wonderful new cc in that Humane Society one. A most worthy and honorable cause. Not to mention the great opening cl!

I don't blame you for closing the Kroger one. WTG.

Now it's time to reserve that corner suite on the 6th. floor of the Sleigh Center.

Please, no more app'ing. You could very easily find yourself having some cc's closed because of your app'ing spree. Seems like more cc's are now taking AA's against to many new accounts. We don't want that to happen to you.

Re: Okay, I Did It!

Red1Blue — Mon, 10 Mar 2008 18:26:00 GMT

Congrats on your new card....

Re: Okay, I Did It!

kobe81 — Mon, 10 Mar 2008 18:26:28 GMT

msb,

if you don't mine me asking, what are your credit scores? I have BOA cards, and they all have 5,000 CL's on them.

Re: Okay, I Did It!

Anonymous — Mon, 10 Mar 2008 19:22:43 GMT

kobe,

My scores are:

Transunion 763

Equifax 717

Experian 733

All those have dropped recently and on a former post I was not a happy camper! But, I don't care. I'm going to continue being an excellent customer with my payment history.

It's funny because when I went to the pre-approval site, they offered 6k. But, I went to the regular credit card link on the site and applied and it gave me a much bigger line @ 9.9%! I'm not asking why...

Re: Okay, I Did It!

Anonymous — Mon, 10 Mar 2008 19:24:57 GMT

Great advice Ms. Sylvia. No more apping because I've got every card I want. I don't want to be "blacklisted" by anyone but if I did, I have enough cards that it wouldn't really matter.

Re: Okay, I Did It!

kobe81 — Mon, 10 Mar 2008 19:31:01 GMT

this sucks...my credit score in it's high's were in the 689 range.....now i'm in the 620 range....i don't know how to fix it.....i know i messed up by applying for too many accounts at once.

Re: Okay, I Did It!

ngerasimatos — Mon, 10 Mar 2008 19:34:21 GMT

I am truly jealous. Just wait, in 18 months I will have credit lines like this! hehe

Re: Okay, I Did It!

haulingthescoreup — Mon, 10 Mar 2008 19:37:37 GMT

@kobe81 wrote:

this sucks...my credit score in it's high's were in the 689 range.....now i'm in the 620 range....i don't know how to fix it.....i know i messed up by applying for too many accounts at once.
I hear you--my scores are already dropping (look at poor EX), and only half of my new accounts have shown up. We're going to have to wait it out together, I guess!

FWIW, in most cases, it seems like scores are back about where they were after 3-4 months and moving beyond that at 6 months. This is what I'm chanting to myself, anyway.

Re: Okay, I Did It!

Anonymous — Mon, 10 Mar 2008 19:42:55 GMT

kobe, don't obsess. My former scores dropped 20-something points because I went on an "apping spree" last Oct. The biggest hit was to my TU score: it was 785 then. You do the math! But, evidently my scores are still good but it was shocking at first.

Just continue to pay on time. Patience is definitely the key. I know another "hard" inquiry won't help but that's life.

Re: Okay, I Did It!

kobe81 — Mon, 10 Mar 2008 19:46:30 GMT

msqueen,

i mean, if i keep paying on time, like i always do, will i get into the 700 area within 3 monhts?

right now, i've paid all my accounts, i'm wondering if or when the lenders report, if the score will jump by 20 to 40 points?

Re: Okay, I Did It!

Anonymous — Tue, 11 Mar 2008 11:51:58 GMT

Itook a 19 pt hit on score for one app. When you hit 5 inqs it does that. then i had one fall off and got the 19 pts back. 5 inqs is magic number for lowering of score and then 6-7 and so on. I have an 8+ BK but can't figure if that's still hurting me much. anybody???

TU--740 EX--761 --EQ--698????

Re: Okay, I Did It!

Anonymous — Tue, 11 Mar 2008 13:19:33 GMT

casinoannie97 wrote:

Itook a 19 pt hit on score for one app. When you hit 5 inqs it does that. then i had one fall off and got the 19 pts back. 5 inqs is magic number for lowering of score and then 6-7 and so on. I have an 8+ BK but can't figure if that's still hurting me much. anybody???

TU--740 EX--761 --EQ--698????

EX 761? Doesn't look like that BK is hurting much at all.

Why is EQ so much lower?

BTW, the number of points an INQ is worth depends on a number of factors. For you, INQ #5 may be worth 19 points, but not necessarily for others.

Message Edited by cheddar on 03-11-2008 09:19 AM

Re: Okay, I Did It!

kobe81 — Tue, 11 Mar 2008 13:35:40 GMT

i'm not worried, but i'd like for my credit score to be in the 700's. I'm not going to apply for anything anymore until i reach that mark.

Re: Okay, I Did It!

Anonymous — Tue, 11 Mar 2008 14:14:23 GMT

MsQB, congrats on the new card and CL! Nice rewards card to boot!