topic Re: Strugglin sorta in General Credit Topics

Strugglin sorta

Anonymous — Mon, 04 Nov 2019 08:30:37 GMT

Hi everyone

I have 20 inquries in the last 5 months (Before november 5th). Like 20 from experian and 15 from Tran'sunion and equifax.

What do I do?

Re: Strugglin sorta

Adkins — Mon, 04 Nov 2019 08:36:52 GMT

Freeze your credit reports. Find a goal to work towards. Find a hobby.

Re: Strugglin sorta

Anonymous — Mon, 04 Nov 2019 09:54:06 GMT

Well for starters,

1) are these all apps you agreed to? If not, dispute them with the credit agency.

2) stop applying for credit or HP CLI. It takes 24 months for a HP to roll off!

Life is bigger than our credit score, go out and enjoy today!

Re: Strugglin sorta

Anonymous — Mon, 04 Nov 2019 10:12:33 GMT

If you feel the need to do credit related things:

1) as stated, stop applying. At this point a lender pulling your reports will see that many inquiries as desperation and will almost certainly decline any apps

2) how does your profile look? Number of cards, loans, balances? Any derogs? You can use the next 18-24 months to clean things up. Pay down balances, get into AZEO, try and clear any derogs on your reports, so that when the inquiries are gone, your profile and scores are optimized for growth.

Re: Strugglin sorta

CreditInspired — Mon, 04 Nov 2019 14:19:15 GMT

@Anonymous wrote:
Hi everyone

I have 20 inquries in the last 5 months (Before november 5th). Like 20 from experian and 15 from Tran'sunion and equifax.

What do I do?

Hi OP and welcome to myFICO

You’ve accomplished Goal 1. You know you’re struggling (sorta).

You’ve accomplished Goal 2. You’ve asked for help. Kudos to you!

Goal 3 is taking to heart and putting into action what other posters have said. Stop applying for credit.

Goal 4 - Visit the Rebuilding Section at https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/bd-p/rebuildingcredit and spend the next 3 months reading and absorbing how others have gotten the ball rolling to either establishing or re-establishing a positive credit profile. When I found this forum, I read and read and read some more for months on end before I applied for my second CC.

Goal 5. Understand that building a credit profile that lenders love to see is akin to a marathon. It takes work. Hard work! Diligence, time, and patience are key.

Goal 6. Understand that once you get a denial, treat it as a blinking neon light. It's time to stop and reevaluate things. Know that denials begat denials.

And finally, realize it's going to happen when you make it happen. GL2U

Re: Strugglin sorta

Remedios — Mon, 04 Nov 2019 13:30:37 GMT

Unless OP comes back and elaborates, we have no clue if those were auto/mortgage pulls, CC applications, denials/approvals, dont know if they are building, rebuilding, or neither.
OP if you need help, and there is an actual question, please elaborate what the inqs. were for and why is that bothersome to you
Otherwise, we're in the dark and giving you answers that may or may not have anything to do with your situation
Please provide additional info if you want help