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Too Many Accounts Too Soon

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Remedios
Credit Mentor

Re: Too Many Accounts Too Soon

I think the really important question is, why do you need another card
I'm assuming you just want "a card" because you're asking who would approve you as only criteria
Message 11 of 20
Anonymous
Not applicable

Re: Too Many Accounts Too Soon

Good idea i tried discover since it was a soft pull and 

 

TOO MANY BANK REVOLVING TRADES OPENED IN THE LAST 24 MONTHS
INSUFFICIENT CREDIT HISTORY IN RECENTLY OPEN BANK REVOLVING ACCOUNTS
INSUFFICIENT CREDIT HISTORY IN BANK REVOLVING ACCOUNTS

 

Thanks though.  Guess I'll lay low

Message 12 of 20
Anonymous
Not applicable

Re: Too Many Accounts Too Soon

I'm trying to raise more to do fix and flips instead of using so much hard money.

Message 13 of 20
Traveler101
Established Contributor

Re: Too Many Accounts Too Soon

Be careful on your apping. Best to lay low for a while. You do not want to risk adverse action from one of your curren creditors. Some banks will do that for aggressively seeking credit. They have been known to cld, thus raising your util and damaging score.
Message 14 of 20
Meanmchine
Super Contributor

Re: Too Many Accounts Too Soon

Good luck to you

>3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>7/2025 All 3 reports 830 - 845(F8) F9s = all 850 but my app finger is still twitching
Message 15 of 20
M_Smart007
Legendary Contributor

Re: Too Many Accounts Too Soon


@Anonymous wrote:

Good idea i tried discover since it was a soft pull and 

 

TOO MANY BANK REVOLVING TRADES OPENED IN THE LAST 24 MONTHS
INSUFFICIENT CREDIT HISTORY IN RECENTLY OPEN BANK REVOLVING ACCOUNTS
INSUFFICIENT CREDIT HISTORY IN BANK REVOLVING ACCOUNTS

 

Thanks though.  Guess I'll lay low


Let some things age OP.

Message 16 of 20
Anonymous
Not applicable

Re: Too Many Accounts Too Soon

I think it’s time to water the garden for awhile and then maybe come back to it later. Best of luck!
Message 17 of 20
Anonymous
Not applicable

Re: Too Many Accounts Too Soon

Garden
Message 18 of 20
Anonymous
Not applicable

Re: Too Many Accounts Too Soon

what cards are you trying for? that makes a huge difference
Message 19 of 20
kdm31091
Super Contributor

Re: Too Many Accounts Too Soon

IMO you are working backwards. You should always start by identifying a need for another card, and then working from there to find suitable products/lenders. You're starting with "who will approve me despite my red flag of too many new accounts?" and then working to find a product, which means you probably don't really need another card at the moment. Don't app just for the sake of it and exacerbate the too many new accounts issue.

 

I would simply garden for 6 months. Your options will open up a lot more.

Message 20 of 20
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