Six cards in two months is a lot, but depending on what you are trying to accomplish and what your average age was before you added them, it might not be too bad. For example, if all your other accounts are a year or two old, you would have had a very short history anyway, so adding several new accounts now wouldn't have lowered your average age very much, but would have had the benefit of adding several additional positive tradelines that will help your score a great deal once they get a little age on them. If you had a long history already, however, adding six new accounts in two months would cause significant (albeit temporary) FICO damage.
What I'm curious about, though, is how you got in with Penfed with so many new accounts. Penfed hates new accounts, and I'm sure that six accounts in two months would be enough for a flat out denial. How many of those new accounts were reporting when you applied with Penfed?
Message Edited by cheddar on
06-20-2008 08:23 AM
