@Anonymous wrote:whats considered risky behavior that can trigger CL Reduction
currentlypaying everthing on time , bought a house recently (April 15) and went on an app spree and had to buy stuff for the house
Card Credit Balances American express 5000 2500 RBFCU 5000 2900 Barcalys 1300 529 lowes 1800 1622 Capital one Platinum 1500 1390 Capital one Platinum 800 672 Home Depot 2500 500 pen fed 2500 0 Nebraska 1500 1500 Jc Penny 550 147 Total Credit 22450 11760 Utilization 52%
current scores
635 Fair FICO® Score 8 based onEquifax data as of 5/4/2015658 Fair FICO® Score 8 based onTransUnion data as of 5/3/2015656 Fair FICO® Score 8 based onExperian data as of 4/25/2015
Which cards came from this recent sprees?
App sprees and "pyramiding debt" is generally considered risky behavior (I believe that creditors believe). Try and get your utilization down if you can, but I'm sure you know this already.
Must garden until 2/1/2022 to hit my goal AAOA. 
@Anonymous wrote:Secretazure
whats pryamid ** ?
I needed the cards for new house purchases.I will pay them off within next few months.
Card Credit Balances Date opened Comments American express 5000 2500 Apr-15 App spree RBFCU 5000 2900 Jan-15 CLI increase Barcalys 1300 529 Apr-15 App spree lowes 1800 1622 Apr-15 App spree Capital one Platinum 1500 1390 Aug-13 same Capital one Platinum 800 672 Aug-13 same Home Depot 2500 500 Apr-15 App spree pen fed 2500 0 Apr-15 App spree Nebraska 1500 1500 Apr-15 App spree Jc Penny 550 147 Dec-13 Same Total Credit 22450 11760 Utilization 52%
"lenders scan cc apps for pyramiding debt. The term pyramiding debt means two things: Too many credit cards/too much credit available. Lenders see pyramiding debt as a potential scheme to spread credit over all the credit cards, keeping specific balances low, but spending more than their incomes." - namvet
Yeah, if I were you I'd not apply for anything recently. You're definately at that point of risky. MyFico actually tells you your risk (if you have an account with them)
Unfortunately you are already there I think. You applied for 6 new cards, 3 of which are over 50 % with one completely maxed out and all but 1 reporting a balance.
Several accounts reporting maxed out (80%+ util) with the above may spook some creditors.
I would get all under 80% as quickly as possible and then pay off the smaller balances next so there's less accounts reporting balances.
Several accounts reporting maxed out (80%+ util) with the above may spook some creditors.
I would get all under 80% as quickly as possible and then pay off the smaller balances next so there's less accounts reporting balances.
Most of those cards have Not posted yet and the ones that has posted posted with a 0 balance so I have a grace period to pay them before next statement cuts.
The mortage also just posted on my credit and my score went up by 5 .hopefuly my first payment will boost stuff
i Dont get it though.. My last Missed payment was 4-5 yrs ago i dont see why Adverse action should kick in !
I Think i got overboard in my Spree 
i Promise to garden for the rest of the next 1 yr. So Help Me God.
@Anonymous wrote:Most of those cards have Not posted yet and the ones that has posted posted with a 0 balance so I have a grace period to pay them before next statement cuts.
The mortage also just posted on my credit and my score went up by 5 .hopefuly my first payment will boost stuff
i Dont get it though.. My last Missed payment was 4-5 yrs ago i dont see why Adverse action should kick in !
I Think i got overboard in my Spree
i Promise to garden for the rest of the next 1 yr. So Help Me God.
I think this is based off what you are showing us here; not sure how often your new accounts will soft you/what they will report but if they see what we see, then it looks risky (a lot of new accounts with balances with overall utilization over 50% does not look good). Not saying AA will happen, just makes you look risky with what you've presented to us. If your creditors don't see this (ie- you pay it all off before the balances report), then AA is less likely (although a lot of new accounts can still look risky).
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