How to Get Decent CL's - When to App - Please Help

Anonymous — Thu, 05 Jun 2008 15:08:50 GMT

I have the following credit/store cards:

BOA Accelerated Amex Opened 4/2008 CL $1000

Cap1: Opened 4/2004 CL $500

DMB Discover: Opened 4/2006 CL $1100

HSBC: Opened 3/2008 CL $1300

Orchard: Opened 10/2005 CL $500

Macy's: Opened 4/2008 CL $1000

Target: Opened 6/2007 CL $500

HFC LOC: Opened 5/2008 CL $8000

A CAP1 charge-off has fallen off my TU and EQ reports, but remains on EX (drop off 1/2009). I have an unpaid state tax lien for $256 which appears on EX and TU from 2003. $65 collection from 2005 appears on TU and EQ which I am disputing (acct paid prior to referral to CA). Lastly an unpaid med collection from 2004 for $440 on all three reports. No lates in 4 years (student loan has a 60 day Jun 2007 which they are correcting). Scores were 645 across now have dropped.

My TU score decreased 25 points with the new cards activated in April. Haven't pulled new reports for the others until my balances updates from the end of the month with HSBC. My concern is how do I get decent CL. The only reason I apped was to get for BOA was to get a prime card. Had to reconn, but was able to get in the door ... but only with $1000. I called HSBC to combine my Orchard and HSBC card. DMB gave me a $500 CLI in March when I PIFd and HSBC gave me a $300 CLI in April when I PIFd my first bill.

If creditors look at your CL's to determine what they may offer, how do I get out of the $1000 rut? I want to be able to get rid of cards and only keep 2-3. If I am only able to get minimal limits I will continue to have to keep apping and dropping my score which defeats the purpose. Can anyone help with any suggestions? If you need more info let me know.

Re: How to Get Decent CL's - When to App - Please Help

Anonymous — Thu, 05 Jun 2008 15:22:51 GMT

I would hang in there for a little bit to get some aging. BoA is sure to grow with you.

Opening new accounts does drop the score's a little for a short while. They will rebound soon.

Re: How to Get Decent CL's - When to App - Please Help

Anonymous — Thu, 05 Jun 2008 16:08:28 GMT

I would sit tight until the end of the year...by then you'll have more history and the effects of the inquiries will have decayed. Your scores should begin to rebound this fall.

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How to Get Decent CL's - When to App - Please Help

Re: How to Get Decent CL's - When to App - Please Help

Re: How to Get Decent CL's - When to App - Please Help