Added too many accounts....score worse than someone that doesn't pay their bills.

[Anonymous]

There's not really anything you can just do to reverse what's bappened. What's done is done. Take a break from applying from accounts, let your accounts and inquiries start to age, continue with good payment history and your scores will start to rebound.

[OmarGB9]

+1 to the above. There's not really a quick fix. Time will be your best friend.

[tntexans72]

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@Anonymous wrote:

i am aware of this, i was asking what is a good course of action......would adding an AU with a long history on an old account help? should i combine my cap ones? basically anyone been in this situation and had sucess let me know, but dont apply anymore isnt helping. i came here because of too many accounts for advice. thats is logical. thank you. 

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Yes it would. You had a thin file and your AAoA is probably shattered due to all those new accounts. Add an account with a long long history. Just make sure your AU add-on account is flawless and no bad marks. 

[Anonymous]

i believe this to be my only course of action, and get all accounts to 0. no more apps lol. that extra 30% for the card is enticing though. thanks for the assistance people. 

[-Cal-]

Do you know what your actual FICO scores are and how they've been impacted? Credit Karma scores should not be taken seriously as almost no one really uses them to make credit decisions. My last app spree dropped my CK scores by about 30-40 points but only one of my FICOs out of 3 decreased by 2 points. Don't waste your time, its like putting a new engine in a car without any tires. 

[Anonymous]

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@Anonymous wrote:

580, 630, and 601 are my plus scores from CCT..................... my accounts are: cap1 QS1, cap1QS1, first premier, wellsfargl retail (ashleys furniture store card), express, victoria secret, kohls, lowes, walmart, BR, barclays rewars, kay, onemain financial (to get an installment on my mix), a closed zales, AU on a 2 year on chase account with perfect histroy and 0 uti..................21 inq, 0 lates. credit is very new. any good plans of attack here? im at 20% uti, nothing maxed. the 2 cap one accounts i pay off monthly they are 1k. barclays also monthly 500. 



i appreciate any help. i wish i could screenshot because im not the best at credit vbut i can hold my own.....this just makes no sense. i guess these plus scores are better but what is the different with those and the regular scores?

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For some reason, the website sometimes plus scores, but it is actually your FICO 8 scores.  It will give the Experian score first, then the other 2.  Not sure what order the other two comes in, but it will say FICO TU or FICO EQ.  Obviously, it is time for you to garden for about a year to give your accounts time to age and to work on UTI; also your INQs will no longer factor in your scoring in a year.  Take what you have and in 6 months maybe seek CLIs with Cap 1, Synchrony Bank (Walmart, BR, Lowes, etc...) CLIs in 4 months, Comenity Bank (VS, EXpress, etc...) CLIs 4-6 months, Barclays 6 months onward, and I believes Kays takes about a year.  You have enough for now to work on getting your scores where you would like it to go.  Good luck and Happy New Year. 

[CYBERSAM]

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@Anonymous wrote:
Seemingly confused here. Started rebuilding middle of last year and my scores were high 600's quickly after I removed all negativity and added a few cap one accents and first premier.

Since I began I've been nothing but paid to perfection but I have take. Out 16 accounts since. My last account being lowes just dropped my scores by 45 points each via ck. My scores are 542 tu and 518 efx.

Uti is about ten % or less payment history is golden, no delenquincy or judgements or deogs.

Can I exit this to shoot back up rather quickly? This just seems like a dumb penalty.

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Beginning of this month my CK TU Score went up about 60+ points, couple of days ago went down 40- points! At the same time my Fico TU Score moved up only 5 points at the same time. So I would not put too much into CK Score, that site is only good for providing you with glimpse of your CR overall.

Given you have opened too many CC, inq alone is going to bring your score down but its going to rebound in 6mo, 1yr and 2yr for inq.

I have find that CapOne Score to be closer to Fico score then CK. Hopefully some of the CCs that you have opened can provide you with Free Fico scores like Discover, AMEX and Barclay etc…

[Anonymous]

My vantage went down 90 points!
TU down 25, eq 40 at one time.
My util is 20% up from 10%.

I'm waiting to hit 700 again so can get the amex I lust after. My march to august sprees cost me a decent shot at a BCP I'm afraid. The bright side every month goes by all the accounts will be 6 months to a year or more in age.

[Anonymous]

I think your putting way to much emphasis on CK and vantage score. The only thing I find it good for is the reports. According to them I have a 0 month account history. Even tho I am an AU on some accounts with 10 years. My own oldest is 11.5 years. But all my FICO's are way up. Those are the ones lenders typically use. ive lost well over 100 points as of today according to CK. but it's myfico score that I'm worried about because when we get ready to move an buy another house that's the score they will use, along with 99% of credit card companies, car loans etc.
my wife (according to CK) has crappy credit. But she just hit 799 FICO today! She can pretty much get whatever she wants credit wise. She has a perfect payment history, not one blemish on her CR and it's been that way for 19+ years.

[Anonymous]

thanks for all the advice, i assumed to just keep them and freeze apping, speaking of one last question. walmart, banana rep both gave me 5k increases when i called credit solutions. lowes i took out last week 300 cl, and they wont increase it. is this normal or should i wait until i make a payment?