Lexus Pursuits Visa® Card

[princessminor]

This is for Creditaddict.  You mentioned you opened 12 new cards recently,  I thought that was a bad thing?  I'm confused since your scores are good?  I'm a newbie here and the more I read the more I get confused.  I see Ron1 is popular, and he has over 200 cards and counting.  How many points are taken off for a HP?  Are some of your 12 SP's?

[Anonymous]

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@princessminor wrote:

This is for Creditaddict.  You mentioned you opened 12 new cards recently,  I thought that was a bad thing?  I'm confused since your scores are good?  I'm a newbie here and the more I read the more I get confused.  I see Ron1 is popular, and he has over 200 cards and counting.  How many points are taken off for a HP?  Are some of your 12 SP's?

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Score is more than just inquiries and number of cards.

If it wasn't, CA and Ron would have negative scores.

[Creditaddict]

I loose no points for inquiries because I have to many... Fico stops scoring after like 6 or 8?
The new accounts pose a problem sometimes as in this case but many lenders while the computer will probably decline a person will look and see no debt and lots of credit and I think they want to try to get a piece of my spending!
B335 it can be instant or provides a number and I think you can get it instant

[princessminor]

Thanks, it's just much info to take in and confusing at times.

[princessminor]

So if you are declined by the computer, you have a change at talking to someone in the back door?

[Guinness]

I was approved for this card when I leased a Lexus last year.  My ex fico was around 690 at the time had about 15+ inquires.  My starting CL was only $2k at the time I had several credit cards with over $5k limits

[princessminor]

Congrats!!  

[SCYD]

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@Guinness wrote:

I was approved for this card when I leased a Lexus last year.  My ex fico was around 690 at the time had about 15+ inquires.  My starting CL was only $2k at the time I had several credit cards with over $5k limits

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Do you mind sharing what State you are in? 

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[takeshi74]

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@princessminor wrote:

This is for Creditaddict.  You mentioned you opened 12 new cards recently,  I thought that was a bad thing?  I'm confused since your scores are good?  I'm a newbie here and the more I read the more I get confused.  I see Ron1 is popular, and he has over 200 cards and counting.  How many points are taken off for a HP?  Are some of your 12 SP's?

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First off, it's never just about score.  Second there's isn't a fixed deduction per HP.  Score impact is never just about the change itself but one's credit and how the change factors in.  X inquiries can affect one person differently than for another. X could be cited as a reason for denial for one and not for the other.

[Guinness]

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@SCYD wrote:

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@Guinness wrote:

I was approved for this card when I leased a Lexus last year.  My ex fico was around 690 at the time had about 15+ inquires.  My starting CL was only $2k at the time I had several credit cards with over $5k limits

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Do you mind sharing what State you are in? 

I'm located in so cal they pulled EX if I remember correctly. 

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