Update:
Had to postpone the auto trade-in, an old student loan that was previously successfully disputed reared it's ugly head thanks to a new debt collector purchasing it. (Great timing... but at least it happened BEFORE and not after and freak out all the potential new CC issuers.)It's already off of my Experian, sent in the documents, should be off the TU and EQ within a couple weeks. Super annoying... Experian FICO 8 (at least that's what it's FICO 8) is a 786. Before I added those 2 trade lines it was around 720ish.
I still don't know how to quote people on here for replies, my apologies, If somebody wants to explain it, thank you.
Just to clarify, I still completely understand all the caution you guys are giving me. Hopefully, I don't have to eat my words, but I can't imagine it being as bad as you guys are making it out to be. I have perfect payment history, pretty good income, and a healthy mix of accounts and Positive closed accounts. I never said I was super rich... 100k a year is definitely not rich.
I will say that I did read quite a few horror stories from Chase. I've got a contact with one of the executives, I plan on discussing this with her beforehand, depending on how well that goes, I may or may not remove all the chase cards from the list altogether. Apparently, they have blacklisted people for life and that would definitely put a damper on the goal of getting to 30+ cards and 500k-1million in credit.
One of the main reasons I'm motivated to do this, is because future app-o-ramas would get easier each time. When I've managed 15-20 cards for a year or 2 years in addition to my current history aging along with it, creditors would hopefully be less spooked when I do smaller app sprees (4 or 5). They let this guy get to 40 cards so I see no reason why I couldn't achieve the same thing: https://www.thestreet.com/story/11411115/1/meet-the-man-with-50-credit-cards.html
"According to Bilker, banks rarely turned him down thanks to his perfect payment history.
"I've never missed a payment in my life," he says, adding that his credit score, hovering around a solid 790, has been as high as 819."
If this idea fails, I'll still have a decent FICO, whether a few CCs close the accounts or not. If I don't get as many accounts to stay open as I'd like, then I'll have to play it a little slower. This is a risk/reward long-term play here. As I said, I'm thinking of the future. After a few years pass, my AAoA would be pretty much unaffected when adding new accounts.
Quit referring to this trolling thing too, it's not very constructive. I said it before but nobody here really answered; if anyone has any tips on how to make this venture more likely to succeed please let me know.
