Can one go 3 full years without an app.?

pazuzu · ‎08-25-2011

This is what I should do; sit on my hands and let my accts. age until my BK falls off in 2014 before getting any new accts.

I'm wondering if others have successfully abstained from seeking new credit for such an extended period.

No apps/new accts since 2011

***FICO EXPERIAN 830***
***FICO EQUIFAX 828***
***FICO TRANSUNION 822***

snowangel · ‎08-25-2011

I got my first non-store CC 4 years ago. My next card came last month! With another one a week after that.

EQ: 662 | TU: 682 | EX Plus: 764
SL baddies fall off between Jan '13 - Oct '14

SevenNEW · ‎08-25-2011

Been there, done that. Last app August 2008...

(OK, I did a home mortgage in 2010, but that does not count.)

SevenNEW, Garden Nerd - In the Garden until 2015!

4.2K

10K

24.6K

Anonymous · ‎08-26-2011

I applied for a car loan in 2006. And then nothing until 2011. So yes, it's possible. I have had the same two cards since 2000 and 2002. My problem has been paying the dang things in full. Glad to say I have zero balances on both now. That and on-time payments (had some hiccups in 2006 and 2007) allowed me to qualify for my first rewards CC, which I applied for and got just recently.

chasmith · ‎08-26-2011

The credit score impact of inquires is the previous 12 months, period. There are other components of score including mix of credit (cards, installment, mortgage), AAOA and utilization.

Just sitting still will lead to a score increase, but if you want to be in the best position when your BK falls off your record don't just sit on your hands, take charge of what you can impact and make well thought-out moves to get what you need, without getting back into whatever led you to BK.

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
Take the FICO Fitness Challenge

GregB · ‎08-26-2011

It will be 4 years for me next month.

Anonymous · ‎08-26-2011

I did this. Applied and approved for my very first CC in college w/ Wells Fargo in '06. Graduated last year and started working and applied for a GEMB Art Van card to pay for some furniture and then later this year applied BOA Cash Rewards. But back in college I didn't know much about credit.

Smug · ‎08-26-2011

I am also hopping not to app before 2014

Experian® 808/Equifax® ?/TransUnion® 810
Baddies Experian® clean/Equifax® 1/TransUnion® Clean
Last CLI 6-13-2013
Total Credit $121,190.00
Goal 780!

MarineVietVet · ‎08-26-2011

My youngest CC is almost 7 years old so yes it's definitely possible.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Anonymous · ‎08-26-2011

Yes definately possible. I got my first three cards in Q2 of 2006 and 4th card in Q3 of 2009