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Going nuclear on applications in 2 weeks

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nosup4u
Contributor

Going nuclear on applications in 2 weeks

Ok need some advice here I'm paying down all debt besides car loan going down to below 9% agg on equifax only 

Im in with these cu's and scores will be around 690 with 2 baddies 1 for JP chase falling off in 6 months and 1 for old mortgage account back in 2015

Penfed have the PCR with them going to ask for cli 

DCU have CC asking for increase 

Langley no products

RBFCU no products (TU score check at least at membership )

DIscover asking for CLI 

AOD asking for CLI and PLOC or just the PLOC 

CAFCU already spoke with rep that says I'm approved for 10k card but they use TU and its my worse score right now 

 

My question is which should I apply for first or should I shot gun all apps 

 

15 REPLIES 15
addicted_to_credit
Established Contributor

Re: Going nuclear on applications in 2 weeks

I really feel like it isn't a great idea in the current climate to do any shotgunning or app spress unless you want to risk getting shotgunned back out the door. A safe rule of thumb is no more than 1 every 6 months with it being safer @ 1 per year. Most of us would need more info to make an educated guess on where to point you (Fico scores, current limits, etc..) however, your nuclear app spree sounds like a terrible idea and we would be doing you a disservice by encouraging that behavior.


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Message 2 of 16
Credit4Growth
Senior Contributor

Re: Going nuclear on applications in 2 weeks


@addicted_to_credit wrote:

I really feel like it isn't a great idea in the current climate to do any shotgunning or app spress unless you want to risk getting shotgunned back out the door. A safe rule of thumb is no more than 1 every 6 months with it being safer @ 1 per year. Most of us would need more info to make an educated guess on where to point you (Fico scores, current limits, etc..) however, your nuclear app spree sounds like a terrible idea and we would be doing you a disservice by encouraging that behavior.


+1M ^^^

This really does not seem to be the best timing.  I would definitely avoid HPs were you could repeatedly be denied due to too many new open accounts.  

You had some some really good wins 👍 (new accounts) a few months ago, let them age for a while... Just MHO.✌

 

 

Message 3 of 16
M_Smart007
Legendary Contributor

Re: Going nuclear on applications in 2 weeks

Now is probably not a good time to being going "nuclear" crazy, ask for SP CLI's first.

Message 4 of 16
snickerpedia
Frequent Contributor

Re: Going nuclear on applications in 2 weeks

+1111^^^^^

 

by the way how do you like CAFCU??? how long have you been a member?


TU - 785
EX - 771
EQ - 779


Citi premier 13
CSP 29
X1 33.5k
/CIU 6k
Message 5 of 16
OmarGB9
Community Leader
Super Contributor

Re: Going nuclear on applications in 2 weeks

Highly advise against any sort of spree right now as others have said. Lenders are tightening up.


Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 6 of 16
nosup4u
Contributor

Re: Going nuclear on applications in 2 weeks

sounds like a good idea 

Message 7 of 16
nosup4u
Contributor

Re: Going nuclear on applications in 2 weeks

lowkey I love them they have been very good to me got a personal loan with them making final payment at end of the month 

Gave me a car loan and got the LOC which I am paying off at months end as well only because they report end of month and not statement cut off date.  Only problem with LOC is that it is maxed out at 1500 and interest rate is insane just as much as a pay day loan so it is only used when needed.  


@snickerpedia wrote:

+1111^^^^^

 

by the way how do you like CAFCU??? how long have you been a member?


 

Message 8 of 16
nosup4u
Contributor

Re: Going nuclear on applications in 2 weeks

I hear you guys for sure but for me I don't get CLI on the regular and I need to move away from Cap 1 cards and Credit one cards that don't grow bout done with them 

Message 9 of 16
nosup4u
Contributor

Re: Going nuclear on applications in 2 weeks

Also I am car shopping so I am going to use that as an excuse for the hard pull 

Message 10 of 16
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