I screwed myself up with the SCT

[Anonymous]

While trying to rebuild my credit, I did the SCT and applied for many cards.  10 totals.

Now I have all my scores in the 700's  thanks to this forum. I cannot get another card. The common reason is that I have too many new  accounts.
Should I close all my store card? Will that helpme in the future?

Thanks:

PS: If you think about doing the SCT, Dont

[CreditInspired]

IMHO, I think you should go to the garden for a year or two.

[Anonymous]

That's my first thought.  But would getting ride of the store card help in any way?

[Anonymous]

---

@Anonymous wrote:

That's my first thought.  But would getting ride of the store card help in any way?

---

Not really, as advised garden a bit, pay all to 0% except one 9% (if you owe anything) and they can benefit you in the long run. From what I've seen here, closing before 1 year can actually hurt. I personally would never use SCT because also seen here how sncy & com like to "blue envelope" soon after

Good Luck

[AverageJoesCredit]

The damage is done, just garden a bit, let them age and when you are ready for another cc, make sure its a bank card but one that you actually need. Then when its time, you can evaluate your ptofile and decide if keeping a card or letting it go is beneficial to you. Remember most cards will stay on your reports up to 10 years or more so main thing affected when closing is your utilization.

[AverageJoesCredit]

Also stay away from a Comenity visa or mc, as that could lead to even more account scrutiny and can lead to total card shutdown. Not 100% but a distinct possibilty.

[Anonymous]

Click the link in my signature and go to the "AAoA" sheet at the bottom.  Then enter ALL your credit card accounts (including any closed ones still reporting).  Then look at your AAoA over time -- you want to stay in the green or at least yellow, but if you're in the red, stay in the garden until you're out of the red.  Closing those accounts won't affect your AAoA.  Keeping them open and using then enough to get them to report will actually help your AAoA in 2 years.

[Anonymous]

Thanks for sharing......its a common occurrence/mistake for builders and rebuilders despite the warnings. Hopefully your testimony will keep someone else from doing the same thing. 

[Anonymous]

The SCT worked for me but i only got three,  I had 14 new cards in 3 1/2 months when I applied for Barclay Arrival Plus and was approved and get big CLI on other cards.  Is your income low.   Do you not have any old accounts?  

[Anonymous]

I did the SCT trick and I think that obviously has hurt me from getting some of the better credit cards. It's just good that I am in the garden now and plan to be for a while. I would like to stay long enough for both collections to fall off, all HP's to fall off, and to see my credit limits increase as well.

It's going to be hard, but I have enough on my plate to keep me occupied for now.