I closed on my 1st home on 8/20 (its not being reported as of yet) I don't have any current or open baddies on my credit report. Current score at 653 experian (which is the bureau they pulled) i did have 2 charge offs in 2016/2017 but they are both paid. I don't have any open credit cards. Since settlement i thought it was time to try for a card. So i applied for the Home Depot to get a new washer & dryer. I was denied due to inquiries. i do have 14 inquiries but 8 are scheduled to fall off as of tomorrow the rest are from mortgage shopping. so anyway i called the recon number listed on a previous board and it was a no go. kept telling me its nothing they could do - i could ask for a recon tomorrow after they are all deleted but then it was cause me 2 hard inquiries from them. I'm so discouraged. I don't understand how i can make 100k per year, no current open baddies, car loan paid and current and a 260k mortgage but can't get a home depot card! sorry for the rant but i'm so frustrated. what do you guys say on these recon lines to get approved?
I know this is in hindsight, but why didnt you wait for inquiries to fall off before applying?
Now once inquiries fall off, I would give it a few days to make sure the CBs update before applying for anything. Then once those updated, if it were me, I would try Lowes.
To answer your question. A 653 score is still kind of low. So hopefully those inqs falling off will give you a nice bump. Also, having no CCs or installment accounts—house hasn’t reported, car is paid off—on your report is making it slightly difficult to get that first card.
On second thought, you say you don’t have any open CCs. What closed cards are on your CRs and are they all at $0 balance? What is your AAOAs? What is your UT if balances are on closed CC?
. I was denied due to inquiries. i do have 14 inquiries but 8 are scheduled to fall off as of tomorrow the rest are from mortgage shopping
Why didnt u wait ????