@Creditaddict wrote:
@Anonymous wrote:
@Creditaddict wrote:
@Anonymous wrote:Since when? I searched and there are a ton of topics on it.
What's B?
What can't we discuss?
What I miss!~
bumpage.
using soft inquiries to try kick off hard inquiries.
it still works on TU / EQ sometimes, though it can backfire.
EX seems to have fixed this issue for the most part.
It's really just a lot of work for something that may or may not work.
oh goodness I could use something like that but still don't know how I have missed it but have no idea what you all are talking about and it's something I wouldn't waste 2 seconds trying to figure out, learn or DO!
INQ's are not that big of a deal... and the INQ's ARE NOT the reason you are being denied... regardless if that's what's on the letter... you do realize that it's by law that a creditor gives you a denial statement with at least 1 reason, usually at least 3 reasons... it's one of the reasons why I HATE denial letters and the reasons on them because they just direct people a lot of times in the wrong direction or focusing on the wrong things... your letters should say NO FICO FILE so you don't get confused that you can't get a credit card with a 700+ fako.
you are going to hurt yourself in the long run.
those with no file who have gotten 1 secured card and didn't apply for ANYTHING else and sat for 6 months (I know, it's killer, I can't do it either) but at month 6 they were able to add multiple prime accounts with multiple thousand dollar limits vs. those who insisted on more and more credit just ended up with a bunch of cards under $500 limits!
most of your apps are going straight through a computer system and inq's are hurting you more now than they would someone with a bigger file because you don't have a file established to let them know that your shopping around is not desperate and not something you can't handle.
I applied for 1 secured card jan 2012. closed it jan 2013.
In 2013 spread through the year, I applied for and received 8 credit cards, combined limits at the end of the year (including CLI's) was $52,900. I closed one $4500 card since I didnt think I would ever use a 1.25% cash back card, so now I have $48,400 in credit. I would never have gotten those cards, and good limits, and CLI's, if I hadn't been patient, and very careful and calculating on when to apply and when to use a HP for a CLI to get what I was after.
You cant get a fico without 6 months of credit history. And if you jump in immediately at 6 months, do you really think you will get cards with a good credit limit? and what happens when you dont get a good limit, you have to use more and more HP trying to get CLI's. It is much better to just play the waiting game as the system is designed for, get much more for much less cost (hp's).
Now re-read the first sentence. I applied for 8 cards that year. I didn't say I applied for 30 cards and obtained 8 store cards for stores I don't even shop in, and which don't have good rewards. I was not trying for large credit limits, only for cards with cash back that matches my spending habits. When you keep your eyes on the prize, and succeed where it really matters, the other stuff (good credit limits, good fico history, good scores) will almost take care of themselves.
You know what you need to do.
