topic Re: RAMDOM THOUGHT in General Credit Topics

RAMDOM THOUGHT

Anonymous — Wed, 03 Sep 2008 01:21:13 GMT

As much a i loved this board i fell like it had turned me into a CC junkie for real. This board has helped me so much but i think i'm gonna have to step away well maybe stop viewing the credit card forum cause it temps me to wanna apply for card. Now i have 40 Inquiries on my TU credit report which is killing my score. Man why can't i have will power.

Re: RAMDOM THOUGHT

Anonymous — Wed, 03 Sep 2008 01:37:07 GMT

40 inq's on TU!!!!!!!!!!!!!!

I didn't even think that was posible.

mjbfan79 wrote:

As much a i loved this board i fell like it had turned me into a CC junkie for real. This board has helped me so much but i think i'm gonna have to step away well maybe stop viewing the credit card forum cause it temps me to wanna apply for card. Now i have 40 Inquiries on my TU credit report which is killing my score. Man why can't i have will power.

Re: RAMDOM THOUGHT

Anonymous — Wed, 03 Sep 2008 01:43:13 GMT

Timothy wrote:
40 inq's on TU!!!!!!!!!!!!!!
I didn't even think that was posible.

Yes about 15 of them are from this year an the other one's are from 2007 which they will be falling off all next year. I feel so dumb

Message Edited by mjbfan79 on 09-02-2008 06:43 PM

Re: RAMDOM THOUGHT

haulingthescoreup — Wed, 03 Sep 2008 01:46:20 GMT

@Anonymous wrote:

40 inq's on TU!!!!!!!!!!!!!!

I didn't even think that was posible.

Another victim of the MidWest Evil TU Overlord.

For anyone who finds themselves in this situation, I'd advise figuring out where you want to be with your credit in 1 year, 2 years, and 5 years, working out what it's going to take to get there, writing it all down, and then posting it on your computer. Or your fridge. Or your bathroom wall, or wherever you do a lot of gazing.

If you don't have some sort of long-term vision and a plan of reaching it, you're going to have a lot of unplanned off-road credit excursions. And all they do is slow you down and set you back.

GL on the CC forum boycott. You're not the only one who gets sucked in over there.

Re: RAMDOM THOUGHT

Anonymous — Wed, 03 Sep 2008 01:53:22 GMT

haulingthescoreup wrote:
Another victim of the MidWest Evil TU Overlord.

Thx for the support yes i'm from Chicago an most banks here either pull TU or EX.

There's only a few that pull EQ.

Re: RAMDOM THOUGHT

haulingthescoreup — Wed, 03 Sep 2008 02:01:47 GMT

ByrdMan is in the same boat. Everyone pulls TU up that way, it seems.

Whereas where I am (East Tennessee), you have to go up and down the streets with a lantern to find someone to pull TU. Hooters and Juniper, big whoop.

Hang in there, it will get better. Just keep a plan in your head and be choosy. I've got crap on my reports that I'll be dragging around for the next 4 1/2 years. So it goes...

Re: RAMDOM THOUGHT

Anonymous — Wed, 03 Sep 2008 02:07:29 GMT

haulingthescoreup wrote:

Hang in there, it will get better. Just keep a plan in your head and be choosy. I've got crap on my reports that I'll be dragging around for the next 4 1/2 years. So it goes...

I'm gonna write down my plan this week an that is to apply for 4 prime cards 2 years from now after all my inquiries fall off.

Re: RAMDOM THOUGHT

haulingthescoreup — Wed, 03 Sep 2008 02:18:47 GMT

@Anonymous wrote:

@haulingthescoreup wrote:

Hang in there, it will get better. Just keep a plan in your head and be choosy. I've got crap on my reports that I'll be dragging around for the next 4 1/2 years. So it goes...
I'm gonna write down my plan this week an that is to apply for 4 prime cards 2 years from now after all my inquiries fall off.

There you go; you've got it. And in two years, the CCC's will be fighting over you. A cool place to be.

Re: RAMDOM THOUGHT

wmarat — Wed, 03 Sep 2008 14:48:59 GMT

What did you get out of 40 inq.'s?

Re: RAMDOM THOUGHT

Anonymous — Wed, 03 Sep 2008 18:47:01 GMT

wmarat wrote:
What did you get out of 40 inq.'s?

A lesson learned.

Re: RAMDOM THOUGHT

haulingthescoreup — Wed, 03 Sep 2008 20:21:00 GMT

@Anonymous wrote:
@wmarat wrote:
What did you get out of 40 inq.'s?
A lesson learned.
Post of the day.

Re: RAMDOM THOUGHT

Anonymous — Thu, 04 Sep 2008 20:05:40 GMT

I am so there with you mjbfan. My INQ count is ridiculous: TU=26, EX=18, EQ=45

I just added American Eagle & JCPenney a month ago, and then last week I got Sam's Club ($1200 CL...my highest - woohoo!!) and an Ebay Mastercard. DH got Lowe's and Amazon store card last week. We have A LOT of cards now, and I ~~think~~ know we have plenty of good TLs to 'garden' and let age. Many of them are w/GEMB, so we just need to keep getting those CLIs every 4 months rather than opening any new cards.

We want to refi our ARM next year, so we do have a goal. It's just sooo tempting to apply when you're reading all those posts about how easily some got approved, and the high CLs they're getting!

A lot of these INQs (about 10-12 on each CR) are from car shopping last October, so though they don't fall off, they won't factor into my scores anymore. I sure wish they'd fall off completely after one year instead of two.

Must stay away from cc forum...must stay away from cc forum...

My name is soccermomof4, and I'm an appli-holic.

Re: RAMDOM THOUGHT

cat-like-stealth — Thu, 04 Sep 2008 21:45:35 GMT

So...what is an acceptable number of inquiries that can show up on your report before it's considered too many?

Re: RAMDOM THOUGHT

Anonymous — Sun, 07 Sep 2008 01:41:56 GMT

I don't know, but I have between 4 and 8 on my CRs and I was worried.

So good question, what IS an OK number of inqs?

Re: RAMDOM THOUGHT

Anonymous — Sun, 07 Sep 2008 07:12:40 GMT

Yowsa. I was worried about having 2 because it advised me that those with the best credit had none or 1 inquiry on their report.

Whoa.

Re: RAMDOM THOUGHT

wmarat — Sun, 07 Sep 2008 13:57:16 GMT

More than one less than two.

Re: RAMDOM THOUGHT

cat-like-stealth — Sun, 07 Sep 2008 15:51:12 GMT

@wmarat wrote:
More than one less than two.

You're saying 1.5 is optimal?

Re: RAMDOM THOUGHT

Anonymous — Sun, 07 Sep 2008 17:01:41 GMT

I am in this same position. Staying away from the CC forum and just studying, working with what I have and paying off old debts!

Re: RAMDOM THOUGHT

wmarat — Sun, 07 Sep 2008 17:56:40 GMT

@cat-like-stealth wrote:
@wmarat wrote:
More than one less than two.
You're saying 1.5 is optimal?

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